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Singapore Building Owners Save $1.2 Million in Energy Costs Through Academic-Industry Partnership between ACwise and Ngee Ann Polytechnic’s CfES
A pioneering collaboration between ACwise and Ngee Ann Polytechnic’s Centre for Environmental Sustainability (CfES) is demonstrating how certified energy-saving technologies can cut costs while reducing scope 2 and 3 emissions, offering a practical path toward sustainable operations.
Through this partnership, building owners have collectively saved $1.2 million in energy costs in the last 6 months by integrating ACwise’s NanoRefrigerant into HVAC systems. This innovative solution improves efficiency, reduces emissions, and extends equipment lifespan, offering a practical, cost-effective path to greener buildings
Real-world results highlight the impact of this collaboration.
- Seo Eng Joo Food Hub, which manages several large cold storage facilities across Southeast Asia, was able to reduce its HVAC-R energy consumption by 19%.
- Song Fish, a leading frozen seafood and poultry supplier, achieved a 12.3% reduction in HVAC energy consumption through a recent trial.
At the core of this success is a unique academic-industry collaboration.
By combining CfES’s rigorous research with ACwise’s industry expertise, the initiative accelerates the adoption of proven, high-performance solutions. The Singapore Green Building Council (SGBC) certification further reinforces the credibility of these technologies, ensuring they meet stringent sustainability standards.
“Our collaboration goes beyond technology,” explains Tommy Chan, Founder and CEO of ACwise. “We’re creating a replicable framework that demonstrates how academic insights can drive meaningful industry transformation. Each percentage point of energy saved represents not just financial benefit, but a step towards Singapore’s net zero target by 2050.”
“CfES is committed to bridging innovative research with real-world applications, and our collaboration with ACwise exemplifies this approach”, says Jason Tang, Chief Sustainability Officer, Ngee Ann Polytechnic and Director, CfES. “By rigorously assessing the performance of NanoRefrigerant in a VRF air-conditioning system, the results have demonstrated measurable efficiency gains, reinforcing the importance of evidence-based solutions in advancing sustainability within the built environment.”
The centre has played a key role in translating and developing technologies and solutions into practical innovations for the industry. Currently, CfES has successfully completed over 500 consultancy and R&D projects, filed more than 30 patents and know-hows, and licensed 1 in 3 of their intellectual properties.
The initiative’s impact extends beyond immediate savings.
Building owners are not just cutting costs; they are channelling savings into sustainability upgrades like solar panels and smart energy systems. These investments go beyond individual buildings, strengthening Singapore’s green ecosystem and driving continuous improvements in energy efficiency.
As the nation accelerates its Green Plan 2030 efforts, this partnership serves as a blueprint for integrating certified solutions into existing infrastructure. With clear financial and environmental gains, building owners have a unique opportunity to lead Singapore’s transition toward a more sustainable, energy-efficient future.
Join us on May 23rd to explore how collaborative innovation is transforming Singapore’s green building ecosystem and shaping the future of sustainable urban development.
Hashtag: #ACwise #CfES #HVAC
https://acwise.com/
https://www.linkedin.com/company/acwiseenergysavings/
The issuer is solely responsible for the content of this announcement.
About ACwise
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Owner-Operated Serviced Office CoWorkSpace Opens at 6 Raffles Quay Level 16, Offering Members Stable Pricing in a Landlords’ Market
As Singapore CBD office rents rise for a fifth consecutive quarter and vacancy hits a record low, CoWorkSpace aims to shield members from rent increases that flex operators typically pass through.
SINGAPORE – Media OutReach Newswire – 26 May 2026 – CoWorkSpace is conveniently located at 6 Raffles Quay #16-01, occupying an entire floor within the office tower and comprising more than 50 private suites designed for startups, SMEs, and established corporations across shipping, financial intermediaries, family offices, professional services, business consultancy, technology, and trade-related industries.
Hashtag: #ServicedOffice #Coworking #CoworkingSpace #RafflesQuay #RafflesPlace #SingaporeCBD #SGCBD #PrivateOffice #PrivateSuites #OwnerOperated #FlexibleWorkspace #BusinessAddress #SMESingapore #SGBusiness #CoWorkSpace
https://www.coworkspace.com.sg/
CoWorkSpace Serviced Office.
Media OutReach
JOYY Reports First Quarter 2026 Financial Results: Total Revenue YoY Growth Hits Multi-Year High
In the first quarter, JOYY’s total revenues reached US$555.7 million, up 12.4% year over year, representing the Company’s highest year-over-year growth rate in recent years. Social entertainment revenue increased 3.2% year over year to US$400.4 million. BIGO Ads ad tech and SHOPLINE e-commerce, the second growth engine of the Company, maintained strong growth momentum. BIGO Ads revenue reached US$124.8 million, up 55.6% year over year, while SHOPLINE contributed US$30.5 million, up 16.1% year over year.
In the first quarter, the Company’s non-GAAP1 operating income increased 22.5% year over year to US$38.0 million, while non-GAAP1 EBITDA grew 13.2% year over year to US$45.7 million. Operating cash inflow for the quarter was US$46.0 million. Net cash as of March 31, 2026 stood at US$3.18 billion.
Simultaneously, JOYY announced a new share repurchase program, under which the Company is authorized to repurchase up to US$600 million of its shares until the end of 2028, and a new quarterly dividend program, under which a total of approximately US$900 million in cash will be distributed on a quarterly basis between 2026 and 2028. The new shareholder return program amounts to approximately US$1.5 billion, underscoring JOYY’s confidence in its long-term growth potential.
- This press release includes certain non-GAAP financial measures as additional clarifying items to aid investors in further understanding the Company’s performance and the impact that these items and events had on the financial results. The non-GAAP financial measures provided above should not be considered as a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP. For details of the non-GAAP measures, including the reconciliations of GAAP measures to non-GAAP measures, please refer to the press release titled “JOYY Reports First Quarter 2026 Unaudited Financial Results” issued by the Company on May 26, 2026.
Hashtag: #JOYY
The issuer is solely responsible for the content of this announcement.
Media OutReach
“Made in Binzhou” Heads to Tianzhou-10 Cargo Spacecraft——Binzhou Sci-Tech Power Embarks on a Hardcore Space Mission
This initiative is a collaborative effort involving the University of Chinese Academy of Sciences (UCAS), the National Space Science Center of the Chinese Academy of Sciences, and the Binzhou Weiqiao UCAS High Technology Research Institute. The successful launch marks a historic “zero-to-one” breakthrough, representing the first time private sci-tech forces from Binzhou and indeed Shandong province have reached space. It also stands as China’s first in-space experiment to study the solidification of lightweight high-entropy alloys under the dual-field coupling of “microgravity and rotating magnetic fields.”
As a national-level “space laboratory,” the manned space station hosts world-class research facilities and serves as a core platform for disruptive innovation in new materials. This successful deployment not only highlights the institute’s cutting-edge research capabilities but also signifies a deep integration between corporate scientific research and national aerospace engineering. Looking ahead, the institute will continue its deep dive into frontier fields such as space materials and lightweight alloys. By strengthening collaborative innovation across industry, academia, and research, they aim to empower the upgrading of the new materials industry with technological innovation, contributing both wisdom and strength to the development of China’s manned space program and the cultivation of new quality productive forces.
Hashtag: #BinzhouInformationOffice
The issuer is solely responsible for the content of this announcement.
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