JBM Group signs MoU with Singapore’s Keppel to drive energy transition

From left: Cindy Lim, CEO of Keppel’s Infrastructure Division, Minister of Commerce and Industry Piyush Goyal, and Nishant Arya, vice chairman, JBM Group

JBM Group has entered into a partnership with Singapore-based Keppel Ltd. to drive the global energy transition and sustainable infrastructure growth.

The MoU was signed in the presence of Minister of Commerce and Industry Piyush Goyal by Nishant Arya, vice chairman, JBM Group, and Cindy Lim, CEO, Keppel’s Infrastructure Division.

“India and Singapore share a long-standing and robust partnership that was recently elevated to a Comprehensive Strategic Partnership (CSP) during Prime Minister Narendra Modi’s visit to Singapore in September 2024,” Mr. Goyal said in a statement. “This significant step enhances collaboration in sustainability, advanced manufacturing, digital technology and green energy,” he said.

By way of this partnership, JBM Group and Keppel aim to drive innovation for decarbonising urban infrastructure, provide unique and customised solutions for rising demand in electro-mobility and electric-waste (e-waste) management and capture the burgeoning opportunities for more sustainable electricity in commercial and industrial sectors.

“Keppel brings to the partnership its leading-edge capabilities in integrated clean energy, electric vehicle (EV) charging and resource circularity solutions,” the company said.

JBM Group will leverage its expertise in the electric vehicles, EV aggregates and key auto systems to jointly develop projects with Keppel focused on electro-mobility, Battery Energy Storage Systems (BESS) and e-waste solutions, it said. Both companies will also conduct feasibility studies and development for EV charging networks, electromobility hubs and resource recovery facilities, with the aim of driving a system-wide electrification of transport infrastructure.

“This strategic partnership with Keppel marks a significant step forward in our commitment to advancing the global energy transition and decarbonisation goals,” Mr. Arya said.

“The combined synergies of two global leaders joining hands, with JBM’s expertise in e-mobility, renewables and green manufacturing and Keppel’s innovative solutions in infrastructure and sustainability, we aim to deliver transformative outcomes in clean energy and electro-mobility domains,” he said.

“India’s electricity demand is rapidly rising on the back of its growing economy, urbanisation and electrification. Through forging partnerships with leading partners like JBM Group, Keppel is uniquely positioned to participate in and contribute meaningfully towards India’s sustainable development,” said Ms. Lim.