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Indonesia’s first youth driven clean energy policy competition announces winners

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The 3GE Team, [RE]Power Hackathon First Place winner, presents their clean energy policy proposal.

Jakarta, 20 September 2024 – The winners of Indonesia’s first youth-driven clean energy policy “hackathon” presented their policy recommendations today to the Ministry of Energy and Mineral Resources and the Ministry of National Development Planning (Bappenas).

Announced at New Energy Nexus Indonesia’s [RE]Power event, the policies will be shared with policy leaders who will formulate the upcoming 2025-2029 RPJMN (National Medium-Term Development Plan).

  • First place: Encouraging private sector engagement through efficiency and transparency in a public-private partnership for renewable energy infrastructure project in Indonesia | 3GE Team (Nain M. Farchan & Elmaira Ferlita S) – Universitas Jember
  • Second place: Establishing a Coordinating Ministry for Climate Change as a Solution for Data Integration and Roadmap Synchronization to reach Indonesia’s Net Zero Emission Goals | Invaluable Team (Azaria Ahmad Haykal, Gema Wachid Aryasatya, Rafi Ramadhan Seba) – Institut Teknologi Bandung & University of Tokyo
  • Third place: Proposing strategies to strengthen the clean energy research and development ecosystem in Indonesia | Arindama Team (Rizka Fitria Utami & Herlina Pebria) – Universitas Sultan Ageng Tirtayasa
    These teams were selected after completing a rigorous bootcamp, developing capstone projects, and participating in intensive mentoring sessions. The winning teams will share a total prize of IDR45,000,000.

“Young people are not only one-quarter of the Indonesia’s population, but they’re also at the forefront of climate change impacts. That’s why we’re showcasing their ideas and solutions, providing them the opportunity to collaborate with entrepreneurs, researchers and policymakers to influence future energy policy,” said Diyanto Imam, Program Director of New Energy Nexus Indonesia. “We’re so proud of the finalists and all the participants who demonstrated unyielding optimism to solve some of the world’s most intractable problems.”

According to the first-place winner 3GE Team, there are several key issues in Indonesia’s clean energy policies, particularly in relation to Public-Private Partnerships (PPP). These include a lack of transparency and persistent corruption within renewable energy projects, unclear risk-sharing mechanisms between the public and private sectors, and the absence of compelling incentives that limit the appeal of green energy initiatives under the current PPP framework.

“To address these challenges, we recommend improving public transparency and accountability through open reporting on project implementation, establishing clear risk-sharing mechanisms to strengthen public-private partnerships, and developing more attractive programs for investors with effective financing strategies,” said Elmaira Ferlita S, a member of the 3GE Team. “These measures are essential for driving sustainable development in Indonesia’s clean energy sector.”

“I never realized how much goes into creating a policy and how deeply it impacts our daily lives. While I’m thrilled that our team won, I’m even more grateful for the knowledge and networks we’ve gained through the [RE]Power Hackathon, especially the intensive discussions we had with our mentors and industry experts,” added Nain M. Farchan, also from the 3GE Team.

New Energy Nexus (NEX) Indonesia’s [RE]Power Hackathon is the country’s first youth-driven energy policy hackathon designed for young innovators to develop forward-thinking policies that will catalyze the adoption of clean technologies across Indonesia.

“I am pleased to see our youth dedicating their minds to creating policies that will drive Indonesia toward achieving its sustainable energy transition goals. The fact that dozens of young people applied to the [RE]Power Hackathon shows their deep interest in and commitment to these critical issues,” said Ir. Senda Hurmuzan Kanam., M.Sc on behalf of Eniya Listiani Dewi, Director General of New and Renewable Energy. “As someone who helps shape regulations, it gives me peace of mind knowing we are not alone in this journey. When my time ends, I am confident that our future leaders will take the reins and ensure Indonesia’s continued progress with just policies.”

The [RE]Power Hackathon also welcomed five startups from Bali showcasing products ranging from waste-derived innovations to eco-apps aimed at promoting sustainable tourism: Ambawarna, Kishara, Decoco Luminer, Ecous, Kelana Terra.

[RE]Power is proud to collaborate with eleven youth-led organizations: BEM FH Universitas Indonesia, Climate Rangers Jakarta, Economy for Ecology, Environmental Law Society FH Universitas Indonesia, Green Welfare Indonesia, School of Applied STEM Universitas Prasetya Mulya, Society of Renewable Energy ITB, Society of Renewable Energy ITK, Society of Renewable Energy Universitas Indonesia, Teens Go Green Indonesia, and Mindworks Lab. NEX Indonesia is also grateful for the support of our media partners, Changemakr Asia, Katadata.co.id, Katadata Green, and Zona EBT.

The support from Milkywire, the Ministry of Energy and Mineral Resources, and the Ministry of National Development Planning has been critical in NEX Indonesia’s efforts to foster a vibrant cleantech ecosystem in Indonesia.

Media contacts:

Raisha Fatya
Communications Manager, New Energy Nexus Indonesia
raisha.fatya@newenergynexus.com

About New Energy Nexus

New Energy Nexus (NEX) is an international organization that strives towards a 100% clean energy economy for 100% of the population. It does this with a laser focus on diverse entrepreneurs, supporting them with accelerators, funds, skills, and networks they need to thrive.

NEX has accelerated over 1,200 startups, supported nearly 9,000 entrepreneurs, and mobilized over US$3.7 billion in investment. Celebrating 20 years since its founding in California in 2004, NEX now operates programs or advisory services in Australia, China, India, Indonesia, Nigeria, Pakistan, the Philippines, Thailand, the UAE, Uganda, the USA (California and New York), and Vietnam. More at www.newenergynexus.com

Follow NEX on LinkedInXFacebook, and YouTube

About New Energy Nexus Indonesia

In Indonesia, New Energy Nexus works to support the development of ecosystems that can support the needs of not only innovators, startups, and entrepreneurs, but also other stakeholders in the clean energy and climate solutions sectors.

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Energy Access
Indonesia
Decarbonizing Indonesia, one island at a time

Indonesia, the eighth-largest carbon emitter globally, faces significant climate risks. Despite these challenges, its abundant resources position Indonesia as a pivotal player in transitioning towards sustainable and decarbonized solutions. New Energy Nexus Indonesia is leading this change by supporting clean energy entrepreneurs in the climate solution sector. One of its programs, the Dilau Initiative, aims to decarbonize Indonesia’s marine and fishery sectors with a particular focus on coastal communities. The initiative includes conducting community outreach, building capacity, introducing scalable innovations, and preserving the marine ecosystem.

Bungin Village, located in the Alas District of the Sumbawa Regency, was originally settled by members of the Bajo Tribe, renowned for their free diving and fishing skills and recognized as the world’s largest remaining group of sea nomads. The Bajo community has maintained its distinct way of life by building its own islet out of coral, allowing their culture to develop separately from the mainland. The village is densely populated by 2,338 people per square kilometer, with most residents being fisherfolk. This includes 1,020 to 1,113 active fishers, 9 active fish collectors, and 12 fish farming groups known as KJA (Kelompok Jaringan Apung); though only 4 of these groups remain active.

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Aerial view of Bungin Village. Photo by Yudha Baskoro

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A fisherman passes his catch to his wife to sell at the market. Photo by Yudha Baskoro

The problem

Transitioning towards sustainable practices in Indonesia is a complex issue. For many Indonesians, the priority is simply putting food on the table, making it tough to prioritize sustainable practices.

In Bungin Village, the fishing sector faces several challenges, including issues with storage, high electricity, and fuel costs, as well as its dependence on conventional fuel for boats—which is both expensive and harmful to the environment.

Waste is also a significant issue on Bungin Island. The use of styrofoam for storage and plastic for fish captures and ice blocks have resulted in considerable trash ending up in the ocean. Moreover, fisherfolk often catch more fish than they can sell, resulting in waste and financial stress due to limited storage options and the high cost of ice and electricity.

The fishing sector holds a real chance for positive change, especially as more people are looking for ways to cut costs. With plenty of sunlight in the area, there’s a great opportunity to bring in sustainable solutions—one such idea is solar-powered cold storage for fish catch and electric outboard motors for boats. But the shift isn’t easy; there’s a knowledge gap, and some folks are hesitant, which is understandable given the lack of awareness, the high upfront costs, and concerns about whether new technologies will work. Making this transition will need careful planning and strong support to overcome these hurdles. With the end goal of adopting sustainable technologies, we can help lower costs and make sure there’s enough food for everyone.

“The potential for solar power in Sumbawa is excellent, so it would be a shame not to utilize it. We want to introduce green practices to the fishermen in Bungin Island, providing a solution to their problems” — Ahmad Jaya (Chief of Technology of Olat Maras Power)

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Nova, CEO of Olat Maras, inspects a solar-powered charging station. Photo by Yudha Baskoro

The solution

Our feasibility study

To get this initiative off the ground, we first needed to understand the current situation and the people who live there.

The feasibility study conducted by New Energy Nexus Indonesia and Manussa Consulting focuses on how we can bring solar-powered cold storage and electric outboard motors to Bungin Village’s fishing industry. The goal is to cut carbon emissions and boost economic efficiency by embracing sustainable technology. We surveyed 54 people, including 45 fishers and 9 village fish collectors (Pengepul Ikan), and conducted interviews with 22 representatives from startups, fish collectors, mariculture farmers, fishers, restaurant owners, local government, village enterprises, and banking institutions. The study suggests that providing workshops and financial incentives will be crucial to getting people on board with these new technologies. The financial analysis confirms that the project is feasible, but it will require careful financial planning and backup plans to ensure success.

The study brings to light some major challenges, including the high costs and the fact that many people are unfamiliar with the new technology. We asked locals about their knowledge and understanding of these technologies, their benefits, and climate change in general, and we found that there is a noticeable lack of familiarity, as shown in the chart below.

awareness and knowledge gaps among local communities

Noticing this trend, we wanted to gauge how interested people are in adopting and buying the technology. The results reveal that their interest is considered a balance between those who are keen, those who aren’t, and those who are neutral. But when it comes to making a purchase, it turns out that more people seem to shy away, which makes sense given the still low awareness of electric outboard motors.

interests in using electric outboard motors vs interests in purchasing the electric outboard motors

In contrast to responses about solar-powered cold storage, where people seem to have a better understanding due to existing units available in the village, therefore show more interest in adoption and purchase, although there’s still a high level of disinterest. This highlights how crucial initial awareness and knowledge are.

interest in using solar powered cold storage vs interest in purchasing a solar powered cold storage

When we asked why folks were disinterested, most said it was because the unit wasn’t a priority for them and they were worried about the high initial cost. Others were concerned about its capacity and durability.

Offering solutions such as financial support and awareness-raising programs may help bridge these gaps. By involving various stakeholders and pushing for sustainability, the project hopes to set an example for positive change in other coastal communities.

Solar Powered Cold Storage by Olat Maras

Our study reveals that many village fish collectors in larger capacity categories depend on multiple cooling units powered by PLN electricity, leading to significant monthly electricity costs. While fish collectors can store their catch for 2 to 4 days, they often prefer to sell it immediately. Some fishers also use cold storage when they return late from fishing, relying on arrangements with village collectors. To maintain the cold chain, fish collectors use styrofoam boxes and ice blocks, incurring substantial daily expenses.

Recognizing the Island’s abundant solar energy, Olat Maras Power offers sun-powered cold storage to help cut down electricity costs. This new solution addresses the significant economic loss caused by fish spoilage. Previously, fish quality would degrade by an average of 220 kg per month, reaching up to 1.2 tons during peak fishing seasons. With cold storage, fishers can now store their catch longer, reducing waste and increasing the market value of their products. By preventing spoilage—assuming a 25% rate—each fish collector can avoid economic losses of approximately IDR 2,388,750 (~US$147) per month.

“Before we had the cold storage, I always looked for ice blocks. If I couldn’t find it, I had to let the fish rot” — Mrs. Jusmia (a local fishmonger from Bungin Island, user, and beneficiary of the technology)

 

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Fish catch stored in styrofoam boxes, ready to be sold at the market. Photo by Manussa Consulting

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A conversation with local fisherfolk for the feasibility study.

Electric Outboard Motors by Maritek

Despite the environmental impact and high costs associated with conventional fuels, many fishers are still unaware of alternatives like electric outboard motors. Our research shows that most fishers don’t know about the environmental damage caused by fossil fuels. In fact, 51% aren’t aware that fossil fuels are a finite resource, and 69% don’t understand the connection between fossil fuels, carbon emissions, and pollution, which contribute to climate change. Additionally, about 90% of fishers are unaware of alternatives such as electric outboard motors.

Switching to electric outboard motors can lead to significant cost savings for fishers, with each person saving around IDR 2,012,500 (~USD 124) per month on conventional fuel. Using solar-powered cold storage can further reduce costs, saving IDR 2,265,000 (~USD 140) on ice blocks and IDR 83,326 (~USD 5) on electricity per 300L storage unit. These savings can greatly boost their profits per delivery cycle, potentially doubling their earnings.

Our approach

While there’s promising interest in solar-powered cold storage and electric outboard motors from fish collectors, mariculture farmers, and restaurant owners, we face challenges like high initial costs and concerns about durability.

To address these issues, we will organize workshops to educate small and medium-scale fish collectors, mariculture farmers, restaurant owners, and other relevant stakeholders. These workshops will focus on the potential cost savings and environmental benefits of these technologies. We will also share case studies, testimonials, and success stories from current users within the community to encourage wider acceptance and adoption.

Our study identifies Pokdakan groups (Kelompok Budidaya Ikan), especially Lelepa boat fishers, as key candidates for this project. They are well-suited for solar-powered cold storage and electric outboard motors and will serve as an ideal starting point for introducing and adopting these technologies. We will run pilot projects with them to give participants firsthand experience with the technology. By collecting and analyzing their feedback, we can refine the technology and address any operational issues, ensuring it meets local needs and builds trust among potential users.

What success looks to us

For these technologies to truly be implemented in the village, we will need to connect with all the key people involved—fish collectors, mariculture farmers, and village officials—who will help build support within the community.

Our approach includes educational workshops, pilot demonstrations, and ongoing feedback mechanisms, with plans to scale up pilot trials to involve more fisherfolks.

We are hoping that the Indonesian government will support sustainability and growth following our pilot trials. Our goal is to develop a comprehensive knowledge base on coastal decarbonization, securing enthusiastic community support and fostering a sense of ownership in the initiative. We are also dedicated to involving youth from the Greater Sumbawa area in innovative projects, inspiring them to address local challenges and actively contribute to the initiative’s success.

In the future, we aim to establish a flexible business model for these technology adoption managed by community-owned enterprises, with a strong emphasis on transparency to navigate social and political challenges effectively.


The Dilau Initiative is supported by the Milkywire Foundation and implemented with help from our partners at Manussa Consulting.

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New Energy Nexus partners with Indonesian gov’t to boost cleantech startups

Jakarta, Indonesia, July 18 – New Energy Nexus Indonesia has signed a memorandum of understanding (MoU) with the Directorate General of Small and Medium Industries, Ministry of Industry of the Republic of Indonesia, to partner on a program that will empower clean technology entrepreneurs in the country to scale.

The MoU signing, officiated by Dr. Agus Gumiwang Kartasasmita, M.Si, Minister of Industry of the Republic of Indonesia, is for a Clean Technology Startup Development Program, which will focus on the development, capacity-building, and promotion of cleantech startups.

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NEX ID signing an MoU with the Directorate General of Small and Medium Industries, Ministry of Industry of the Republic of Indonesia, officiated by Minister of Industry Dr. Agus Gumiwang Kartasasmita, M.Si.

Diyanto Imam, Program Director of New Energy Nexus Indonesia, said the partnership is an “honor,” and will significantly contribute to the growth and success of the emerging cleantech space in the country.

“This partnership will provide invaluable support to clean technology startups, empowering them to thrive through comprehensive training, mentorship, and market opportunities – enabling more innovative minds to catalyze cleantech solutions,” he said.

The program will include training, workshops, and certification assistance for The Domestic Component Level (Tingkat Komponen Dalam Negeri/TKDN). Obtaining TKDN certification will increase startups’ visibility and enable them to join the Indonesian government’s e-catalog, which allows the government to be an early adopter of the startups’ products.

Through services such as business matchmaking and integration with the Directorate’s programs, NEX ID will also provide cleantech startups access to a broader market of industries eager to transition into green, eco-friendly operations. These startups will serve as crucial tools, assisting industries in their conversion to sustainable practices.

The partnership will run for two years, during which time NEX ID hopes to foster innovation in the cleantech industry and contribute to a sustainable future—in Indonesia and beyond. To learn more about opportunities for Indonesian startups, check out our website.

About New Energy Nexus Indonesia

In Indonesia, New Energy Nexus works to support the development of ecosystems that can support the needs of not only innovators, startups, and entrepreneurs, but also other stakeholders in the clean energy and climate solutions sectors.

Media contacts:

Raisha Fatya
Communications Manager, New Energy Nexus Indonesia
raisha.fatya@newenergynexus.com

About New Energy Nexus

New Energy Nexus (NEX) is an international organization that strives towards a 100% clean energy economy for 100% of the population. It does this with a laser focus on diverse entrepreneurs, supporting them with accelerators, funds, skills, and networks they need to thrive.

NEX has accelerated over 1,200 startups, supported nearly 9,000 entrepreneurs, and mobilized over US$3.7 billion in investment. Celebrating 20 years since its founding in California in 2004, NEX now operates programs or advisory services in Australia, China, India, Indonesia, Nigeria, Pakistan, the Philippines, Thailand, the UAE, Uganda, the USA (California and New York), and Vietnam. More at www.newenergynexus.com

Follow NEX on LinkedIn, X, Facebook, and YouTube

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Youth
Indonesia
New Energy Nexus launches Indonesia’s first youth-driven policy hackathon
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From left: Mujab (Founder, Generasi Perintis), Sripeni Inten Cahyani (Expert Staff for the Minister of Energy and Mineral Resources), and Mulya Amri (Faculty Chair, Golkar Institute) discuss Indonesia’s energy policy and the role of young people in shaping the country’s sustainable energy future.

Jakarta, 15 July 2024 – New Energy Nexus (NEX) Indonesia is today launching [RE]Power, Indonesia’s first youth-driven energy policy hackathon. The initiative convenes the next generation of Indonesian policymakers and thinkers to accelerate the development of future-proof policies for the country’s clean energy transition.

“The [RE]Power Policy Hackathon is a platform where young minds can engage with real-world energy challenges. It also represents a significant step in empowering Indonesia’s youth to actively participate in shaping our energy policies,” said Diyanto Imam, Program Director at New Energy Nexus Indonesia.

“By bringing together aspiring policymakers and experienced mentors, we aim to spark innovative ideas that will shape Indonesia’s sustainable energy landscape. We’re eager to see the creative and impactful solutions that will emerge from this initiative.”

As the first youth-driven policy hackathon, the program focuses on empowering young people through an innovative approach that actively engages them in energy policy. Participants will delve into critical topics in the clean energy space, such as financing and investment, planning and roadmap making, research and development, infrastructure and technology, and public-private partnerships.

They will also benefit from mentorship, networking opportunities with policymakers and experts, and have the chance to win a total prize of IDR 45,000,000 (US$2,780). Participants will also have the opportunity to present their policy recommendations at the final pitch day in September.

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Mujab (Founder, Generasi Perintis), Sripeni Inten Cahyani (Expert Staff for the Minister of Energy and Mineral Resources), and Mulya Amri (Faculty Chair, Golkar Institute) sit with attendees of the [RE]Power Policy Hackathon launch.

Nizhar Marizi, Director of Energy Resources, Mineral, and Mining, Ministry of National Development Planning, at the launch event said: “The Ministry of National Development Planning is proud to support the [RE]Power Policy Hackathon. This initiative not only underscores the importance of youth involvement in the energy sector but also highlights the critical role they play in driving innovation and sustainable practices. We look forward to the insights and recommendations that will emerge from this hackathon,”

Sripeni Inten Cahyani, Expert Staff for the Minister of Energy and Mineral Resources, said: “The [RE]Power Policy Hackathon represents a powerful opportunity for Indonesia’s youth to contribute to a sustainable and inclusive energy future, By empowering young leaders to engage in policy-making and innovation, we are ensuring that diverse voices and perspectives are included in the decision-making process, and we are honored to support this initiative:”

The hackathon is the highlight of six sub-national workshops NEX Indonesia has organized in 2024. With over 260 applicants across the first four workshops, it is evident that the youth are eager to shape Indonesia’s future energy policies. This hackathon serves as an ideal platform for them to kickstart their journey in the energy policy sector.

NEX Indonesia is proud to partner with over 10 youth-led communities such as BEM FH Universitas Indonesia, Climate Rangers Jakarta, Economy for Ecology, Environmental Law Society Fakultas Hukum Universitas Indonesia, Green Welfare Indonesia, School of STEM Universitas Prasetya Mulya, Society of Renewable Energy Institut Teknologi Bandung, Society of Renewable Energy Institut Teknologi Kalimantan, Society of Renewable Energy Universitas Indonesia & Teens Go Green Indonesia, whose instrumental support has sparked exciting discussions and engagement. The support from Bappenas and KESDM has also been pivotal in ensuring the success of this initiative.

Applications are open until August 15th, 2024 to Indonesian youth aged 18-24 who are dedicated to clean energy and climate solutions. Those interested can apply here.

Selected photos here.

About New Energy Nexus Indonesia

In Indonesia, New Energy Nexus works to support the development of ecosystems that can support the needs of not only innovators, startups, and entrepreneurs, but also other stakeholders in the clean energy and climate solutions sectors.

Media contacts:

Raisha Fatya
Communications Manager, New Energy Nexus Indonesia
raisha.fatya@newenergynexus.com

About New Energy Nexus

New Energy Nexus (NEX) is an international organization that strives towards a 100% clean energy economy for 100% of the population. It does this with a laser focus on diverse entrepreneurs, supporting them with accelerators, funds, skills, and networks they need to thrive.

NEX has accelerated over 1,200 startups, supported nearly 9,000 entrepreneurs, and mobilized over US$3.7 billion in investment. Celebrating 20 years since its founding in California in 2004, NEX now operates programs or advisory services in Australia, China, India, Indonesia, Nigeria, Pakistan, the Philippines, Thailand, the UAE, Uganda, the USA (California and New York), and Vietnam. More at www.newenergynexus.com

Follow NEX on LinkedIn, X, Facebook, and YouTube

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Renewable energy tech
Indonesia
Indonesian climate tech startups secure US$31 million in funding despite sector-wide funding drought

Jakarta, 18 January 2024 – Three climate tech startups from New Energy Nexus Ventures’ (NEX Ventures) portfolio in Indonesia – Swap Energy, SolarKita, and Synergy Efficiency Solutions – have secured additional investments totalling US$31 million for 2023, including follow-on funding.

“Despite a 40% decrease in global funding across the climate tech sector last year, these three startups have demonstrated their resilience by achieving success in fundraising,” said Yeni Tjiunardi, Managing Director at NEX Ventures.

“We are committed to supporting disruptive and agile startups and founders that can accelerate the clean energy transition. Our optimism extends to the potential opportunities for emerging early-stage ventures in addressing climate challenges, not only in Indonesia but also in other Southeast Asian countries, such as the Philippines and Vietnam.”

The three startups are deploying solutions critical to Indonesia’s climate and energy goals, ranging from solar to energy storage:

  • SolarKita is a solar energy company that provides end-to-end solar services for the residential market in order to build an integrated community of rooftop solar users in Indonesia.
  • Synergy Efficiency Solutions (SES) is mainstreaming energy efficiency  in Southeast Asia by designing, financing, and implementing a range of energy efficiency solutions.
  • Swap Energy is rolling out swappable battery technology that allows riders to effortlessly exchange depleted batteries, propelling the EV revolution of two-wheelers in Indonesia.

NEX Ventures aims to catalyze early-stage investments in the clean energy and climate sector by investing and collaborating with other investors, and providing strategic guidance to support its portfolio companies. Indonesia 1 Fund has co-invested with Schneider Electric Energy Access Asia (SEEAA) in SolarKita and with Southeast Asia Clean Energy Facility (SEACEF) in SES. Additionally, Swap Energy secured US$22 million investments for their Series A round by the end of December 2023.

NEX Ventures, through its Indonesia 1 Fund, has invested in seven climate tech companies and deployed four follow-on investments since 2020. These companies have been performing strongly, attracting over US$70 million of investments from other investors since joining the fund while also tackling climate and energy challenges. To date, Indonesia 1 Fund’s portfolio companies have reduced over 165,000 tons of CO2 emissions, equivalent to planting almost eight million trees.

SolarKita

“The funding received from Indonesia 1 Fund and SEEAA allows more rapid penetration into the residential market. This milestone marks the initial phase of SolarKita’s overarching expansion plan to reach 18MWp solar PV installations equivalent to 6000 houses by the next three years,” said Amarangga Lubis, CEO of SolarKita.

The funding will strengthen the company’s fundamentals, refine product quality, and expand its network of installers and sales partners across Indonesia.

“As part of SEEAA’s mandate to accelerate the transition towards renewable energy and net-zero, we are excited to support SolarKita in their mission to make solar rooftop solutions accessible for residential homeowners and small businesses. Sustainability calls for collective action and we believe this joint investment from SEEAA and New Energy Nexus will be a critical catalyst in helping more people be part of the energy transition journey,” said Gilles Vermot Desroches, President of Schneider Electric Energy Access Asia (SEEAA).

Synergy Efficiency Solution

Synergy Efficiency Solutions (SES) intends to utilize the funding from Indonesia 1 Fund and SEACEF to fund capital expenditures for its growing portfolio of energy-saving projects. The timing of this follow-on investment coincides with the award of the Energy Transition Partnership (ETP) Grant to SES.

Swap Energy

Swap Energy has successfully raised a total of US$22 million in its Series A round in December 2023. This latest round was led by Qiming Venture Partners, with participation from GGV Capital and existing investor Ondine Capital. The company has more than 1300 battery swapping stations across Indonesia. They have also partnered with many companies such as Grab to develop an integrated EV ecosystem in Indonesia.

Media contacts:

Tristan Tremschnig
Global Communications Director, New Energy Nexus (based in San Francisco)
tristan.tremschnig@newenergynexus.com 

About New Energy Nexus

New Energy Nexus (NEX) is an international organization that strives towards a 100% clean energy economy for 100% of the population. It does this with a laser focus on diverse entrepreneurs, supporting them with accelerators, funds, skills, and networks they need to thrive.

NEX has accelerated over 1,200 startups, supported nearly 9,000 entrepreneurs, and mobilized over US$3.7 billion in investment. Celebrating 20 years since its founding in California in 2004, NEX now operates programs or advisory services in Australia, China, India, Indonesia, Nigeria, Pakistan, the Philippines, Thailand, the UAE, Uganda, the USA (California and New York), and Vietnam. More at www.newenergynexus.com

Follow NEX on LinkedIn, X, Facebook, and YouTube