Jakarta, 29 March 2022 – New Energy Nexus (NEX), through its Indonesia 1 Fund and Smart Energy Grants, has provided funding to four early-stage clean energy startups [1]. The initiative aims to bridge the funding gap for clean energy start-ups in Indonesia.

Two new companies have been added to the Indonesia 1 Fund portfolio: SES, an energy efficiency company, and SWAP Energy, an e-mobility startup. The Fund has also recently co-invested with East Ventures (an EV growth fund), PT Saratoga Investama Sedaya Tbk. (Saratoga), and Schneider Electric in a follow-on investment in the solar PV startup, Xurya, in its US$ 21,5 million Series A round – the largest Series A funding received for a clean energy startup in Indonesia.

“We’re seeing an incredible opportunity for clean energy and climate innovation startups in Indonesia to galvanize the sector. We are still heavily dependent on fossil fuels, but by empowering clean energy startups we will be able to stimulate the investment climate, accelerate the clean energy transition, and create green jobs,” said Diyanto Imam, Program Director at New Energy Nexus Indonesia.

“We aim to bridge early-stage fundings gaps for clean energy and climate innovation start-ups in Indonesia, which we see as a major gap in Indonesia. That’s why we have provided funding to 16 startups since early 2019 through our Smart Energy Grants and Indonesia 1 Fund. Our goal is to accelerate Indonesia’s clean energy transition, and support the Government’s commitment to addressing climate change.”

According to Indonesia’s Ministry of Energy and Mineral Resources data, Indonesia has up to 400,000 MegaWatt (MW) of renewable energy potential, with solar and hydropower targeted for priority development.  

“By the end of 2021, Xurya has installed 57 Rooftop Solar Power Plants. With the Series A, we aimed to accelerate the energy transition in Indonesia by investing more in the development of technology and human capital,” said Eka Himawan, Managing Director of Xurya Daya Indonesia.

CEO of SES, Steve Piro said: “SES is very excited to have gone through Nexus’ accelerator program and now have them as a strategic partner. SES plans to leverage Nexus’ network of potential clients and investors as well as lean on them for strategic advisory.” The Indonesia 1 Fund has co-invested with SEACEF for this investment.

“NEX has always been our biggest supporter in terms of coaching and finances. With NEX investment participation in our Series pre-A round funding, SWAP Energy will accelerate the adoption of electric vehicles even further, supporting the Indonesian government to reach a target of 13 million electric motorcycles on the roads by 2030,” said Irwan Tjahaja, Founder & CEO of SWAP. 

Led by Kejora-SBI Orbit, the Indonesia 1 Fund has co-invested with other investors such as Baramulti Group, Living Lab Ventures (an affiliate of Sinar Mas Group), strategic corporate investors, and high-net-worth investors in Swap Energy’s recent oversubscribed Series pre-A round.

In addition to the Indonesia 1 Fund, New Energy Nexus Indonesia is mobilizing grants through its Smart Energy Grant. This program aims to support startups on their prototyping stage and helps them to validate their business ideas. As of December 2021, New Energy Nexus Indonesia awarded grants for nine clean energy and climate innovation startups. Powerchain, an IoT company, is the latest recipient of Smart Energy Grant for its latest pilot project named “Konde”, an LED smart lighting product designed for street lighting (Lampu Penerangan Jalan Umum). 

“With the Smart Energy Grant that Powerchain received, we expect it to be the stepping stone for Powerchain to expand our market, an upcoming project that potentially can reach 14 thousand installations of smart lighting systems in Java Island and West Nusa Tenggara by Q2-2022,” said Yayan Santoso, the CEO of Powerchain.

NEX supports clean energy and climate entrepreneurs in Indonesia, enabling startups to develop innovative products/services, expand their market, and generate strong economic, social, and environmental impacts. This is aligned with the Indonesian government’s goal to reach 23% renewable energy source in 2025. In 2022, Indonesia will also host the G20 Summit and is expected to call for the acceleration of the global energy transition.

Note to editors:

[1] Indonesia 1 Fund is supported by the Ikea Foundation. 

New Energy Nexus (NEX) is an international organization that supports clean energy entrepreneurs with funds, accelerators, and networks. We started in California and operated programs in Indonesia, China, India, Southeast Asia, and East Africa. Since 2019, New Energy Nexus Indonesia has helped 60 startups through the incubation and acceleration process with Smart Energy Program.

For further information on New Energy Nexus Indonesia grants and fundings, please visit our website.

24 March 2022, Abuja, Nigeria – A new partnership between New Energy Nexus and Clean Tech Hub announced today will accelerate diverse clean energy entrepreneurs and the development of local ecosystems to support climate solutions across Nigeria and West Africa.

Located in Abuja, Nigeria, Clean Tech Hub is a pioneering hub for the research, development, and incubation of clean technologies, increasing energy access and improving climate resilience. The partnership will leverage New Energy Nexus’ expertise in accelerating clean energy startups around the world through funds, skills and networks at the most critical stages of an entrepreneur’s journey to build their climate solution. 

“Clean Technology Hub has been a leading accelerator in the Clean Tech ecosystem for several years, incubating several early-stage startups and providing them with growth support in the years to come. We are excited to meet New Energy Nexus in this partnership and to continue supporting clean energy startups,” said Ifeoma Malo, CEO and co-founder at Clean Tech Hub. 

“Our partnership with New Energy Nexus will allow us to further scale our impact as we expand across West Africa – a particularly urgent task given the need for grassroots and locally developed solutions to tackle the climate crisis.”

West Africa is at the forefront of climate change impacts, but is also poised to be a center for economic growth and innovation. Nigeria, already the largest economy and population in Africa, is projected to have the 14th largest economy by GDP in the world by 2050. Over 30% of Nigerian residents are new entrepreneurs or the owner/manager of a new business – among the highest rates in the world. West Africa, home to more than 380 million people, is one of the youngest and fastest growing populations in the world.

“There are not enough diverse and thriving clean energy entrepreneurs to match the scale of the clean energy transition, at the global level, let alone in the regions we need it most. That’s why we are thrilled to partner with Clean Tech Hub. Not only is it Nigeria’s leading organization supporting clean energy innovation, it is perfectly positioned to scale local climate solutions across West Africa,” said Danny Kennnedy, CEO of New Energy Nexus.

The New Energy Nexus and Clean Tech Hub partnership is a region-wide acceleration program for West African countries with a climate fintech program in Nigeria already in an early design stage.

About Clean Tech Hub

Clean Tech Hub is a pioneering hybrid hub for the research, development, demonstration and incubation of clean and green ideas and technologies in Africa, and their validation for commercial-stage development.  It is an early start-up incubator for inventions and innovations in clean energy, a consultancy for sustainability and energy efficiency solutions and a driver of clean energy investment into Africa.

Oakland, CA, 28 January 2022 — New Energy Nexus announced today that energy technology industry veteran, Denise Rushing, has joined the management team as California’s Managing Director, the latest in several key additions to New Energy Nexus’ growing global team.

“Denise brings a wonderful combination of public and private sector experience along with time as an entrepreneur to New Energy Nexus,” said New Energy Nexus CEO Danny Kennedy. “She will strengthen our global management team and provide the leadership needed to propel us to the next level in California as we collectively strive to meet our 100% clean energy goal for 100% of the population”

Rushing will bring diverse perspectives from the areas of energy technology, market development, program leadership, and community transformation.

“I am thrilled to be joining New Energy Nexus, an organization that understands the scope and scale needed to face global climate challenges, but also leverages its efforts for the greatest impact,” said Rushing. “I am most excited about tackling clean energy’s equity challenges to achieve clean energy for everyone in the shortest time possible.

“The New Energy Nexus team has a solid track record of collaboration, program leadership and building justice, equity, diversity, and inclusion into the clean energy economy. Together, we are looking forward to supporting California’s leaders, stakeholders, and innovators in this important work.”

Rushing earned her bachelor’s degree in environmental engineering from Stanford University and devoted her career to clean technology market development. Her pioneering work in the energy industry began as a renewable energy engineer at PG&E, where she soon rose to Director of Customer Energy Efficiency, launching award-winning initiatives adopted by utilities around the world. Over the past twenty-five years, she has led and advised a number of disruptive energy technology start-ups and innovators. Key roles included Vice President of Marketing and Sales for eMeter, CellNet Data Systems, and Sage Systems, and General Manager for Invensys Goodwatts home control division.

She was elected to public office and served two terms on the Lake County Board of Supervisors from 2007 to 2014, where she was best known for her environmental advocacy and community revitalization efforts. Rushing led rural Lake County to two State-wide Green California Leadership awards and championed two of the largest public solar energy installations in the Western United States.  

In her new role, Rushing will be overseeing the exciting work that is coming out of New Energy Nexus’s California programs, including the California Sustainable Energy Entrepreneur Development (CalSEED) initiative, The California Test Bed (CalTestBed) initiative, the Clean Energy Business Roundtable (CEBR), Lithium Valley, and Lithium Bridge with the Federal Department of Energy. Rushing is joining at a pivotal time with both CalSEED and CalTestBed preparing to support new cohorts of early-stage clean energy innovators in 2022, and she will be instrumental in ensuring that the development of Lithium Valley is a part of the equitable recovery from the impacts of COVID-19. Her main goal this year will be to enhance and amplify the tremendous efforts that New Energy Nexus is making in California to build a robust and equitable energy innovation pipeline that supports diverse entrepreneurs to bring their clean energy innovations to the marketplace.

4 November – New Energy Nexus Uganda – an organisation supporting entrepreneurs to provide clean energy products in Uganda’s rural communities, where only 19% of the population have access to electricity – is a winner of the Ashden Award for energy access innovation.

Presented at COP26 at a ceremony attended by the President of Costa Rica Carlos Alvarado, the Award honours pioneering organisations lowering carbon emissions and building a fairer world. Winners receive grants, publicity and support to grow and replicate their innovation.

New Energy Nexus Uganda connects people in rural areas with clean energy, through financing, training, technology and investment. In rural Uganda, Community-Based Organisations (CBOs) provide many essential services – supporting better health, education, sanitation and work for local people. New Energy Nexus partners with these locally structured, small organisations to bring affordable renewable energy to the country’s remote (or last-mile) villages.

Aneri Pradhan, founder of ENVenture and Board Director of New Energy Nexus Uganda, said:

“This award is a testament to the entrepreneurs in rural Uganda who are powering their communities with clean energy. We have proven that clean energy distribution is scalable through local Community-Based Organisations, who not only increase access to clean energy in their localities, but create jobs too.

“We are thrilled that Ashden has recognised that empowering grassroots networks are key for increasing access to energy in under-resourced areas, and we hope our model for inclusive distribution will be replicated across the world.”

New Energy Nexus has incubated 123 small clean energy enterprises across Uganda. This has created 650 jobs, 70% of which are occupied by women. These organisations have sold more than 15,000 clean energy products, benefiting 100,000 people, and 77% of customers say their quality of life has improved as a result of their new product. Just over 120 investments have been made to the value of US$200,000 and US$2.9 million income has been saved annually as a result of transition to clean technologies.

Before working with New Energy Nexus, most community-based organisations relied on donations for income. New Energy Nexus provides entrepreneurship training and mentoring, and energy loans to buy clean energy products such as solar lanterns, briquettes, water filters and cookstoves. Organisations sell these at affordable prices to local people. Once organisations have established a successful business model, they unlock another level of credit access qualifying for further support and larger energy loans to buy more products and invest in marketing and sales teams.

Other innovation from New Energy Nexus Uganda includes an offline bookkeeping application for the energy merchants and street vendors. This tracks inventory and sales, works well with limited internet connection, and relies on pictures to ensure it is usable by people with low literacy levels.

One successful partnership is with RFCare, a community-based organisation empowering women and youngpeople in the Rwenzori Highlands region. Through New Energy Nexus’ incubation program, it received a loan of US$2,000 to support the sale of cookstoves that create less air pollution than traditional models, as well as fuel briquettes and non-electric water filters. The loan also helped train young people in cook stove installation and repair. So far, the enterprises have sold 1,800 stoves.

Biira Imelda RFCare cofounder (a New Energy Nexus Uganda partner), said:

“RFCare has been able to work with communities in hard-to-reach areas in Kasese district, due to the business loans accessed from New Energy Nexus Uganda. The elderly are proudly cooking with an improved cook stove.”

Violet Nyakuru, Executive Director at Nile Community Empowerment (a New Energy Nexus Uganda partner), said:

“Madiokoll, Rhino camp has no access to electricity and households rely on kerosene lamps for lighting. With solar lanterns, my clients can now save off kerosene and their children are able to read at night with ease. I believe this is just the beginning of an energy transition for my community.”

David Olodi, Director and Founder of Agri-Light Limited (a New Energy Nexus Uganda partner), said:

“Thanks to ENVenture’s growth fund, we expanded our clean energy business from selling clean energy products to just 5 groups to now operating in over five districts in the northern part of Uganda. 17 out of 30 people in each of our groups have either a pico system or a cookstove.”

Harriet Lamb, CEO of UK-based Ashden, said:

“The Ashden Awards have showcased bold, brilliant and ground-breaking initiatives at COP26. Our winners show what is possible in the shift to a fairer low carbon future and should inspire world leaders to take decisive action to slash carbon emissions. The message to leaders at COP26 is clear – if they get behind such practical and proven climate solutions a zero carbon world is within our reach.”

H.E. President of the Republic of Costa Rica Carlos Alvarado, said:

“All the nominees to the 2021 Ashden Awards have chosen to lead by example. In Costa Rica we share the conviction that sustainable development goes hand in hand with economic growth, as well as a deep commitment to decarbonisation and to promote nature-based solutions to the climate crisis and biodiversity loss challenges we face. For that, I do believe the great endeavour of our generation is to abolish fossil fuels.”

About the Ashden Awards

Climate solutions charity Ashden spotlights and supports climate and energy innovators in the UK and low-income countries delivering proven, ready-to-scale climate solutions. It works with businesses, non-profits and public sector organisations. The Ashden Awards were launched in 2001, and this year’s ceremony took place in the Green Zone at COP26. World leaders and international organisations are gathering in Glasgow from 1-13 November to agree a global plan for tackling the climate crisis.

The 2021 winners were chosen from over 800 applicants for their work creating resilience, green economies – including jobs and training – and fairer societies.

Photos are available here

The California 100 Commission

Danny Kennedy will be one of 26 commissioners bringing their expertise to California 100, a new statewide initiative focused on long-term planning and visioning for California future

12 October 2021 – New Energy Nexus CEO, Danny Kennedy, has been selected as a Commissioner for California 100, bringing his expertise in clean energy to this new statewide initiative focused on inspiring a vision and strategy for California’s next century.

Incubated at the University of California and Stanford University, California 100 is establishing a 26-member multigenerational commission with diverse backgrounds and expertise to advise on, and engage in, the initiative’s transformative streams of work and activities. Earlier this summer, California 100 announced research awards to 18 centers and institutes across the state to examine future scenarios with the potential to shape California’s leadership in the coming century.

“California has been a leader in energy and climate in many ways, and yet the benefits of the energy transition are not accruing to everyone. As we enter the next 100 years and foster the clean energy startups that will power this transition, I am committed to ensuring diverse entrepreneurs come first and communities get their fair share of the wealth created from these solutions,” said Danny Kennedy, who was born in Los Angeles and lives in Oakland.

“We are thrilled to draw on the expertise of these transformative leaders who are making a difference in their respective fields and already leaving a mark on California,” said Karthick Ramakrishnan, executive director of California 100. “ We will draw on their unique perspectives to inform our work to create a vision and strategy for the next century that is inclusive, equitable and sustainable.”

In addition to research, California 100 will also sponsor original policy innovation projects across California working in partnership with local and statewide agencies. Commissioners will organize engagement sessions throughout California with key stakeholders across the state to test California 100’s research and policy innovation efforts to ensure that Californians are directly included in the initiative’s work. 

The California 100 Commission can be found here.

The Commission brings expertise within the thirteen issue areas of focus for California 100:

• Advanced Technology
• Arts, Culture, Entertainment
• Education
• Economic Mobility, Inequality and Workforce
• Energy, Environment, and Natural Resources
• Federalism and Foreign Policy
• Fiscal Reform
• Governance, Media and Civil Society
• Health and Wellness
• Housing and Community Development
• Immigrant Integration
• Public Safety and Criminal Justice
• Transportation and Urban Planning

Commissioners will serve a two-year term and meet regularly throughout the life of the initiative. They will hold listening sessions across the state to engage key stakeholders in the Spring and Summer of 2022. 

The goal of California 100 is to lift up and support transformative ideas, people and projects that accelerate progress with a focus on inspiring a vision and strategy for California’s next century that is innovative, sustainable, and equitable. In addition to sponsoring original work, the California 100 Platform will promote the best of what is happening in California. Through these various projects and activities, California 100 seeks to move California towards an aspirational vision—changing policies and practices, attitudes and mindsets, for a more vibrant future.