Singapore's Data Centre Industry to be Digitally Transformed Towards Decarbonisation

Red Dot Analytics (RDA) Pte Ltd and leading Singapore-headquartered environmental, social, and governance (ES) FinTech firm Hashstacs Pte Ltd (STACS) have entered a strategic partnership to provide a holistic platform to transform Singapore's data centre industry and shape a sustainable digital future.

The partnership will be jointly powered by RDA's platform and STACS' ESGpedia, which powers the Monetary Authority of Singapore's (MAS) Greenprint ESG Registry.

The companies will collectively develop an end-to-end solution for data centre operators and owners to improve data centre energy efficiency, decarbonize their operations, and achieve the necessary ESG financing for their sustainability journey.

Singapore's data centre industry was reported to consume about 7% of the city-state's electricity and would rise to double digits by 2030 in its current trajectory.

As a result, a moratorium has been put in place on new data centre projects in 2019, and would be lifted with the requirement for the new data centres to prove that they are sustainable, in collaboration with home-grown technologies in Singapore.

"For too long now, rapid technological innovation and changing consumer behaviours have come at the expense of the environment," Red Dot Analytics chief scientist Dr. Wen Yonggang says. RDA can solve one part of the puzzle and in working with STACS ESGpedia, we hope to strengthen our value proposition by taking our clients one step further in their sustainability journeys."