Challenge: Reduce Building Electricity Consumption through Effective Dehumidification
Headquartered in Hong Kong, Swire Properties is a leading developer, owner, and operator of mixed-use, principally commercial, properties in Hong Kong and the Chinese mainland, with a presence in Miami, U.S.A. We also have established offices in Singapore, Indonesia, and Vietnam. In 2021, total gross floor area attributable to the Group was 30.7 million square feet including retail, offices, hotels, restaurants, and mixed-used properties.
To achieve its sustainability goals, Swire Properties is now seeking solutions for efficient dehumidification of their buildings. Find out more
What You Need to Know
The Challenge
To reduce the air-conditioning electricity consumption in buildings through efficient dehumidification of fresh air.
The electricity consumption for Swire Properties waterside air-conditioning occupies over 50% of the total building energy consumption in typical office and mall locations. Approximately up to one third of this electricity consumption is to treat the latent load or water moisture of fresh air. Exploring an efficient dehumidification solution will help reduce electricity consumption.
Solutions may include, but not limited to: moisture-capturing materials or selective membranes to filter water from the air, solutions that can be integrated into the HVAC system for humidity control (liquid desiccant systems, water-source heat pumps, installable machines, etc.), research-phase technologies in their infancy as long as they are deployable for buildings and impact can be demonstrated.
The Opportunity
Swire Pacific’s Sustainable Development Fund, an annual HK$100 million fund, seeks primarily to fund proof of concept pilots of innovative technologies and approaches that, when scaled up more widely within the group’s various operations, have the potential to significantly positively impact environmental performance of operating companies.
The innovator chosen for a pilot project aimed at solving the challenge presented here, will be awarded full funding for that pilot. If results are successful, this partner may have the opportunity to scale their solution across the operating company’s operations and, where applicable, across Swire’s portfolio of companies in Property, Aviation, Beverages, Marine Services and Trading & Industrial.
Timeline
- Application Open: 25 May 2022 Apply Now
- Application Close: 8 July 2022
- Shortlist Selection : 22 July 2022
- Finalists Pitch (virtually): 1 Aug – 12 Aug 2022
Find out more about the fund and the selection criteria
Questions? Contact us
About Swire Pacific
Swire Pacific is a Hong Kong based international conglomerate with a diversified portfolio of market leading businesses. The Company has a long history in Greater China, where the name Swire or 太古 has been established for over 150 years.
Our aims are to deliver sustainable growth in shareholder value, achieved through sound returns on equity over the long term, and to return value to shareholders through sustainable growth in ordinary dividends.