INNEOVA Holdings Limited provided an update on its hydrogen energy initiatives on October 10, 2025, following the September 2025 Memorandum of Understanding with HyCee Pte. Ltd. The company's subsidiary, INNEOVA Engineering, is actively identifying and developing pathfinder projects. These projects are designed to demonstrate the commercial viability of advanced hydrogen technologies in Singapore.
This strategic positioning aligns with Singapore's National Hydrogen Strategy, launched in 2022, which targets net-zero emissions by 2050. Hydrogen is projected to supply up to 50% of Singapore's power needs by mid-century, representing a substantial long-term market opportunity. INNEOVA's initiatives will focus on deploying hydrogen-related applications and distribution solutions across target sectors.
The partnership with HyCee provides INNEOVA with access to comprehensive hydrogen capabilities spanning the entire value chain, from production and purification to storage, refueling, transportation, and end-use applications. Roger Chua, Director of INNEOVA Engineering, emphasized the commitment to supporting clients' early adoption of hydrogen and other alternative energies. This collaboration aims to deliver engineering expertise and lifecycle management for reliable, cost-effective hydrogen deployment.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.