Woodside and Keppel sign liquid hydrogen supply deal for Singapore data centres

This follows their non-binding Heads of Agreement in April 2023.

Australian energy company Woodside and Singapore's Keppel Corporation have signed a conditional Offtake Term Sheet for the supply of liquid hydrogen to power Keppel’s data centres in Singapore. 

The Term Sheet builds on a non-binding Heads of Agreement signed by the two companies in April 2023. It outlines key commercial principles that could lead to a binding offtake agreement as early as 2030, with Woodside's proposed production facilities, such as H2Perth, being potential sources of the liquid hydrogen.

Keppel plans to integrate the hydrogen supply into a broader, long-term, lower-carbon energy portfolio to support its assets.

Woodside CEO Meg O'Neill called the agreement a "significant milestone" in advancing hydrogen opportunities, whilst Keppel Data Centres CEO Wong Wai Meng said the deal strengthens their efforts to ensure a stable, lower-carbon energy supply for their facilities.

The agreement is still subject to further negotiations, approvals, and the signing of a full Sales and Purchase Agreement.