CapitaLand’s Sustainability X Challenge 2022 Unveils 10 Finalists Selected from Over 340 Entries from Across 50 Countries
Summary
CSXC is the first global sustainability innovation challenge by a Singapore-based real estate company.The 10 finalists from Singapore, Canada, China, India, Israel, South Africa, South Korea and USA will pitch their innovations at CSXC 2022 Demo Day on 20 July as they vie for a chance to pilot their projects at selected CapitaLand properties worldwide and win up to S$50,000 each. The prizes will go towards covering the cost of their pilots.The 10 innovations, categorised by CSXC’s challenge statements, are as follows:Low carbon transition • The worlds first glass-free, lightweight and flexible solar panel which is 70% lighter than typical solar panels and can be used on roofs that are unable to support conventional modules. • A heating and cooling system that utilises a thermal battery made of phase-change material and artificial intelligence (AI) energy control technology to reduce energy consumption by 25-35%.Water conservation & resilience • A technology that helps to improve the efficacy of water meter readings, reducing businesses water costs by up to 30%. • An intelligent water leakage management platform that integrates high-precision acoustic sensors with AI, IoT, and cloud technology.Waste management & circular economy • A renewable energy system that can convert any combination of waste into onsite renewable electricity and thermal power while offsetting significant volumes of carbon dioxide.Healthy & safe buildings • A clean air system that uses sensors and active polarisation to provide buildings with High Efficiency Particulate Air (HEPA)-class air quality, while reducing energy consumption in buildings.Ms Lynette Leong, who launched CSXC in 2020 and was recently appointed CapitaLand Investment (CLI)’s new CEO, Environment, Social & Governance (ESG) Funds & Stewardship, said: “Sustainability is a core tenet of CapitaLand’s business, and we are committed to taking an active global leadership role in the transition to a climate-resilient built environment. Through CSXC and provision of sandboxes and funding for the piloting of technologies, we are helping innovators from around the world to accelerate their path towards commercialisation and industry adoption.