News
Australia
Australian climate startups to gain global exposure with EnergyLab and New Energy Nexus partnership
EnergyLab's Megan Fisher (second from right) and NEX's Danny Kennedy (centre) with the team from Infravision. Image: EnergyLab

EnergyLab’s Megan Fisher (second from right) and NEX’s Danny Kennedy (centre) with the team from Infravision. Image: EnergyLab

Melbourne, 14 June 2022 – The Australian climate startup ecosystem is receiving a boost following the announcement today of a new international partnership between EnergyLab, which is Australia and New Zealand’s largest climate tech startup accelerator, and New Energy Nexus (NEX), the world’s leading clean energy accelerator.

The partnership will connect Australian startups to customers, capital, and resources in overseas markets that are critical for climate action, such as the USA, Southeast Asia, and India. It will also provide a pathway for overseas innovators to enter Australia, increasing the synergy of ideas and bringing more talent as Australia’s clean energy transition accelerates.

Megan Fisher, CEO at EnergyLab, said: “We are so excited to announce our partnership with New Energy Nexus. This collaboration will help us to create a systematic approach to supporting Australian entrepreneurs who want to explore and ultimately expand their startups internationally.

“We are also beyond proud to share with the global community the amazing startups that have played a role in building one of the most highly penetrated residential solar markets in the world.”

Danny Kennedy, CEO at New Energy Nexus, said: “We can’t wait to watch the magic happen as all these entrepreneurs are set loose on the US, Southeast Asian and Indian markets. The levels of experience and creativity evident in Australian offerings can help these regions to accelerate the mass adoption of clean distributed energy, of which Australia is an under-recognised leader.

“Politicians talked a lot about Australia being a clean energy superpower. These startups are doing it and New Energy Nexus is going to help EnergyLab take them to the world.”

Australia is the third biggest exporter of fossil fuels, but is also a clean energy innovation hub and a critical node in the global energy transition. It has the highest penetration of rooftop solar in “developed world” cities, has pioneering big batteries and renewable energy zones; a digitised electricity network, and a competitive electricity market. The products and services coming up in the Australian market will also have a wide range of applications overseas, from the refurbishment of America’s energy infrastructure, to energy end-use in emerging economies.

Partnering with NEX, which operates across 11 countries, will give startups in EnergyLabs’ portfolio a global reach unparalleled in Australia and the Pacific.

Over the last 12 months, EnergyLab and NEX have piloted the concept with Infravision, a startup that helps electric utilities accelerate power grid modernisation with drone enabled power line upgrades. Infravision had their eyes on the US market and were introduced to NEX while completing an EnergyLab startup program in 2021. NEX has since facilitated connections for Infravision to major investors and partners to support their entry into the North American transmission and distribution upgrade market.

Chris Cox, Co-Founder and Director of Infravision, said: “We have benefited greatly from New Energy Nexus’ support, landing on an approved vendor list for a major North American utility and securing financial backing to help us enter the international market all based on our track record of success in Australia.”

About EnergyLab:
EnergyLab is Australia and New Zealand’s largest climate tech startup accelerator and innovation network dedicated to reaching net zero emissions. With over 200 alumni supported through its programs, EnergyLab connects talented founders to the mentors, advisors, partners, peers and investors they need to succeed. EnergyLab programs include the Women in Climate and Energy Fellowship building the next generation of women founders; the Climate Solutions Accelerator; the Scale Up Program for later stage clean energy startups and a climate focused angel investor network.

Notes to editor:

Please find a link to photos and a link to video announcement

Media contacts:

Megan Fisher
CEO, EnergyLab
megan@energylab.org.au

Tristan Tremschnig
Communications Director, New Energy Nexus (based in San Francisco, USA)
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 1,400 startups, empowered over 9,500 entrepreneurs, and mobilized over US$3.7 billion in investment. 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.

Follow NEX on LinkedIn, X, Facebook, and YouTube

News
Thailand
True Digital Park partners with New Energy Nexus Thailand to launch ‘Decarbonize Thailand Startup Sandbox’

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Bangkok, 14 June 2022 – True Digital Park in partnership with New Energy Nexus (Thailand) announces the launch of a program to support decarbonization according to the National Energy Plan 2022 called ‘Decarbonize Thailand Startup Sandbox’ (DTS). This program facilitates five industry leading corporations to  engage with climate tech startups in a 3-month Sandbox pilot project. The program will help climate tech startups and corporate partners to accelerate their collaboration and knowledge exchange, while also supporting the national goal of reaching Net Zero emissions and accelerating a decarbonized economy.

Dr. Tarit Nimmanwudipong, General Manager of True Digital Park (TDPK) says that TDPK, the biggest tech and startup hub in ASEAN, has partnered with New Energy Nexus (Thailand) to help local and international startups strengthen decarbonization businesses. From this collaboration comes the ‘Decarbonize Thailand Startup Sandbox’ – a space giving the opportunity for startups to connect and collaborate with experts from different industries. They can meet with mentors to adjust and develop specific solutions for targeted high-emitting industries, as well as learn from  experts and expand their network.

The project is supported by B.Grimm Power, C.P. Group, IRPC, PTT and True Corporation. Interested startups can apply.

“Following PM Prayut Chan-o-cha’s announcement that Thailand will achieve carbon neutrality by 2050 and Net Zero by 2065 after joining COP26, we have seen several organizations declaring similar goals in reducing emissions. At the same time, we feel there is a lack of activities in the business sector to work together and support investment in innovation to build technology, people and startups. It is crucial that we create a collaborative platform to connect stakeholders within the industry and startup entrepreneurs with relevant technology in reducing carbon emission together.”

“The Decarbonize Thailand Startup Sandbox is set to bring about a unique opportunity for both local and international startups in order for them to expand business opportunities and increase sustainability for high-emitting industries in Thailand. They will be supported by industrial experts and mentors from the New Energy Nexus Ecosystem who will be sharing their knowledge and experience. The teams selected from the Startup Selection Event will be partnered with Thailand’s leading organizations and work closely together in the Startup Sandbox for 3 months. Corporates will have the opportunity to engage and support startups relevant to the challenges they are facing, while startups will be able to gain insights into the Thai market, test their business feasibility in the Thai context, backed by a corporate. ”Those interested can join as a team, whether from companies, startups or as individuals. The requirement would be to support the private sector in mitigating industrial carbon to achieve Net Zero in Thailand, together with the selected corporates and readiness to explore the Thai market” said Dr.Tarit

Mr. Stanley Ng, Program Director at New Energy Nexus (Thailand) stated:“New Energy Nexus’ mission is to support innovations in climate and energy. Since 2004 we have impacted thousands of entrepreneurs and leveraged over 1.5B USD in investment into these startups. Decarbonization is a huge economic opportunity for both climate startups and industry leaders. With the Decarbonize Thailand Sandbox, we want to support these leaders to realize their decarbonization goals while building a healthy ecosystem of climate startups in Thailand.”

The Decarbonize Thailand Startup Sandbox program will proceed as follows:

1. Startup Selection & Pitch Event: On July 16-17, 2022, Thai and international startups are welcomed to engage industry experts and present their technology solutions for a chance to match with partner organizations and join the DTS Startup Sandbox in the next phase.

2. Startup Sandbox Phase: From August 1 – October 31, 2022, the Startup Sandbox phase will be the time where paired startup-corporate teams work on developing their proof of concept of their solution in decarbonizing the business and industrial sector together. During these 3 months, startups will receive support  in the form of  resources to work such as masterclass workshops, consultations with corporate mentors and experts in an optional provided workspace.

3. DTS Symposium: This will take place in November 2022. The symposium will feature conferences and activities to build collaboration between startups, public and  private sectors, leading organizations from different industries, researchers, economists and individuals within the climate and innovation field. The aim is to discuss the challenges, opportunities and future of Thailand in the face of climate change and the transition to a low carbon economy.

Mr. Ng concluded that in addition to providing an opportunity to match with the country’s leading corporations to expand their business opportunities, startups that participate in the Decarbonize Thailand Startup Sandbox will also receive several other benefits such as workshops and access to international experts, as well as receiving insights from corporate mentors who will assist startups to customize  solutions for potential proof of concepts. Furthermore, New Energy Nexus has a network of mentors who will provide consultation in developing successful projects in clean energy and decarbonization. They will support Thai startups to gain access to investment opportunities, and advise on growth and expansion.

Media contacts:

Tristan Tremschnig
Communications Director, New Energy Nexus (based in San Francisco, USA)
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 1,400 startups, empowered over 9,500 entrepreneurs, and mobilized over US$3.7 billion in investment. 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.

Follow NEX on LinkedIn, X, Facebook, and YouTube

News
California
CalSEED awards US$6.6 million in grants to early-stage clean energy innovations

30 clean energy startups were selected to receive funding of either US$150,000 for their concepts or US$450,000 for their prototypes.

Oakland, CA 11 May 2022 The California Sustainable Energy Entrepreneur Development (CalSEED) program is thrilled to announce that two new cohorts of Concept and Prototype awards have been approved by the California Energy Commission (CEC).

For the Concept award, 23 companies out of 166 were selected to receive grants of US$150,000 each. For the Prototype award, 7 companies out of 22 were selected to receive another $450,000 to continue to develop their breakthrough technologies. In total US$6.6M of CEC EPIC funds will be invested in clean energy innovations throughout California.

“We are grateful to the CEC’s visionary leadership and partnership in supporting early-stage energy innovators with critical and timely funding,” said Denise Rushing, Managing Director of California, New Energy Nexus. “The 30 companies gaveled in today represent the diversity of California and our state’s mission to prioritize energy solutions that accelerate the transition to a clean energy economy for everyone.”

Concept awardees went through a rigorous process including a review with CalSEED’s curated review committee, who volunteered their time and expertise to select the most promising clean energy technologies of the future. CalSEED’s solicitation is designed as a call for early-stage clean energy innovations that fall within the following technology areas: energy efficiency, load modifying, energy storage, grid enhancements, renewable energy, electric vehicle charging and powertrain technologies, advanced technologies that enable
water savings.

CalSEED’s success is in supporting the best and boldest clean energy innovations while advancing equity and driving gender diversity into our programming.

“I am proud to say that the 30 companies selected today represent women and other diverse leaders amongst their CEOs, with at least 5 of the 23 concept awardees having women founders and/or women in leadership positions,” said Sarah Chester, Director of Grants Compliance, CalSEED. “This number is super impressive given the national average is that less than 2% of all tech startups have women founders nationwide. I am thrilled to begin working with these change makers who will be instrumental in advancing California’s transition to a clean energy future.”

While soliciting for CalSEED’s 5th Concept award cohort, the team also coordinated with Cleantech Open (CTO) to oversee the annual business plan competition. Eligible CalSEED Concept Awardees from cohort 3 and 4 participated in CTO’s accelerator program, where they receive tools and insights to develop a business plan that becomes the basis of the competition’s application package. The panel of judges was comprised of 19 members of the CalSEED Review Committee, representing expertise in start- ups, experience with industry-specific commercialization, and the ability to evaluate social and environmental impacts. The selected companies are focusing their efforts on solutions for batteries, storage, energy efficiency and renewable generation – areas that are critical to meeting California’s climate goals.

“CalSEED has provided entrepreneurs with the funds and resources they need to explore their innovative concepts,” said Josh Croft, Energy Deployment and Market Facilitation Officer of the CEC. “It’s exciting to imagine what the future of energy will be and how Californians will be a part of it.”

CalSEED is funded through the CEC’s EPIC program, which invests approximately US$120 million annually for innovative clean energy technologies and approaches benefiting the ratepayers of California’s three largest electric investor-owned utilities.

Details of the 23 companies awarded a total of US$3.45 million:

COHORT 5 CONCEPT AWARDEES

Aepnus Technology is developing an electrochemical technology platform that can convert lithium extracted from domestic ore and brine deposits into industrially relevant salts (e.g., for use in electric vehicles) using electricity instead of carbon-intensive reagent chemicals.

Aeromutable Corporation is developing a controller and sensor integration that will provide continuously optimized aerodynamic performance of heavy vehicles, reducing energy consumption, and improving safety for the trucking industry while increasing their profitability through improved electric tractor range.

Ariya is developing a low-cost battery for stationary energy storage using a solid-state polymer electrolyte that it has high ionic conductivity, enables the use of sodium (rather than the more expensive lithium), and simplifies manufacturing.

Benchmark Labs, Inc. is developing a forecasting system that will provide hourly and daily forecasts of evapotranspiration, temperature, and relative humidity so farm managers can make better-informed decisions regarding water and energy management at their specific locations of interest.

Climformatics Inc. is building a robust, localized climate and weather predictive tool for localized fire-weather forecasting that will help to predict, prepare, and protect the energy grid infrastructure, utilities, and consumers from future wildfires well ahead of time.

Community Energy Labs is developing a low-cost grid-interactive building control platform that autonomously optimizes energy, pricing, and comfort, without placing undue burden on controls professionals or building operators of K-12, municipal and small to mid-sized buildings to set up or maintain.

DarmokTech is developing a cell and packaging design to make solid-state batteries a viable replacement for conventional Li-ion technology for EVs and short-duration storage, with a design that could improve cycle-life, automate disassembly of cells for low-cost Direct Recycling, and reduce manufacturing steps and costs.

Discrete Lattice Industries LLC is developing a modular construction system for cellular building systems which offer significant cost and material savings through mass production and automation, while offering novel combinations of performance and sustainability.

Electric Fish is building a containerized-microgrid, integrating EV chargers with mini grid-scale batteries that can be charged at high-renewable-energy hours of the day to store clean energy – a single module that can support ultrafast charging but acts as a resource, rather than a liability for the grid.

Horizon PV Inc. is developing semitransparent organic solar panels for building-integrated photovoltaics that are flexible, can be laminated to glass surfaces or on walls, and will be capable of generating clean renewable electricity from solar windows in buildings and vehicles.

Kepler Energy Systems is building KE2, an energy storage and management pod that will control the collection, storage, and release of solar, wind, and grid energy onto private and public utility grids, creating grid resilience and safe resource dispatchability.

KorganoTech is developing an affordable filter that improves HVAC efficiency and kills airborne pathogens. It will be a highly effective air-filtration system that consumes less energy compared to other air-purification technologies that are being applied to combat spread of pathogens.

kWh Bot is engineering autonomous robotic EV chargers that will deliver charge to EVs automatically at any parking spot in the service area using Segway and NVidia tech that will navigate batteries to EVs, charge the vehicle, and later return the battery to the station.

Modilium is building a modular thermo-electric refrigeration unit with Peltier coolers which will be individually activated, depending on the total cooling needs, and thus enhancing energy efficiency, can be powered by renewable energy and is free from harmful refrigerant chemicals, while using water as the heat transfer fluid.

OmniFlow is developing a water and energy-saving irrigation device with superb anti clogging abilities and a lower cost advantage that will enable crop irrigation without the requirement of clean water or electricity, potentially making irrigation and reforestation in wildfire/drought ravaged areas easier with minimum labor.

Perch Sensing is building a distributed real-time monitoring and control system of low-cost distributed sensors that are “perched” upon utility infrastructures that will help utilities predict and prevent potential utility-based ignition events, more efficiently manage power flow during shutoffs, and increase the integration of micro-grids and distributed energy storage.

RCAM Technologies is developing 3D concrete printed Marine Pumped Hydroelectric Storage (MPH) pods that can integrate with California’s floating offshore wind farms to create offshore renewable hybrid energy systems.

HyVerde, LLC is designing a Hybrid Battery Management system that can be integrated in an electric vehicle to enable the combination of multiple types of battery chemistries and reduce temperature and charge variations across a battery, simultaneously equalizing battery capacity and temperature while also enabling hybridization with additional storage systems.

Rivieh, Inc. is building a smart building energy management system for residential buildings that will integrate a new sensor technology, millimeter-wave radar, within the form factor of light switches, which will allow a distributed autonomous controller to manage most of a building’s loads using existing infrastructure and without adding additional complexity or cost.

Solarflux Energy Technologies, Inc. is developing a solar thermal energy powered water desalination and purification system, which is a membrane distillation module optimized for use with a cost-effective solar thermal concentrator, providing a resilient, low-cost, zero-emission solution to water treatment for agriculture, industrial and municipal applications.

Summation Lab is developing a multi-stage gasifier system that transforms low-grade biomass, like wood chips and almond shells with high fines and moisture content, to renewable energy in the form of a fuel gas (syngas) and electricity that will help forestry, agricultural, industrial, and municipal entities manage their excess biomass more efficiently, improve access to renewable energy, and reduce GHG emissions.

TECSI Solar Inc. is developing Arcadia-SR, a solar panel for asphalt shingle roofs that integrates racking, flashing, hardware, and power electronics to a single SKU, installed using a single tool, removing variability in installation costs associated with array and roof complexity, resulting in solar installers spending less time training and get more installations done in a day.

Tyfast is developing a long lasting, solid-state battery cell with a novel anode material that allows for ultrafast charging without sacrificing safety and energy density, with the potential to enable full vehicle-to-grid (V2G) integration, ensure grid stability with the massive EV transition, increase renewables penetration, create new V2G business models, and lower the cost of EV ownership.

Details of the 7 companies awarded a total of US$3.15 million:

COHORT 4 PROTOTYPE AWARDEES

ALD Technical Solutions is developing a lightweight, long-lasting, and cost-effective structural composite reinforcement system which will be wrapped around existing transmission lines to increase power capacity, extend lifespan, decrease sag, and improve reliability and resiliency of grid infrastructure with NO downtime and minimal capital investment. The Composite WiRe WrapTM is a lightweight, high strength, long lasting, cost-effective composite reinforcement system, which withstands high temperature. The product can be installed fast and easily by our innovative robotic technology system and cured in-place around existing power lines.

Gridware is demonstrating a system of low-cost, solar-powered, sensor platforms, deployed across a distribution grid to provide real-time monitoring and fault anticipation. Gridware’s solution is centered around mechanical sensing that characterizes and monitors the behavior of the electric distribution system, as opposed to the traditional electrical monitoring that is currently employed by utilities. Mechanical monitoring can reveal weakening of the system as it ages, identify components that have loading beyond normal conditions, and indicate precursors to critical failures. This innovation aims to reduce the number of fault-induced wildfires as well as reduce the frequency and duration of outages and PSPSs.

Hago Energetics is going to demonstrate a technology that uses renewable energy to convert agricultural waste to green hydrogen for the transportation sector. This technology works by processing biogas generated from the manure waste into a novel chemical reactor that effects the conversion to hydrogen. It does not use massive amounts of electricity or natural gas to create green hydrogen and uses agricultural waste as raw material, so more carbon is taken out of the atmosphere than is produced by the process.

Leap Photovoltaics is developing a process to manufacture crystalline silicon solar cells without wafers. This additive manufacturing approach directly deposits a layer of silicon microparticles to a surface that absorb sunlight and convert it to electricity, achieving the same performance and reliability as traditional solar cells at half the cost using entirely local supply chains. This unique combination leaps the barriers of thin margins and supply chain disruptions and enables sustainable growth of solar manufacturing. Furthermore, this additive manufacturing process makes direct integration of solar energy generation with new products like vehicles and roofing materials easier, opening new markets for solar energy.

Parthian Energy is developing a new class of advanced battery sensors, with applications in quality control at manufacturing, ultrafast charging during operation, and evaluating second life capabilities. The Parthian Electromagnetic Sensor, or PES detects internal defects in lithium-ion battery cells, either during manufacturing or during operation, by evaluating the change in the battery’s electromagnetic signature. This reduces unnecessary scrap, enhances safety, and enables higher energy density cells to be deployed into EVs and Grid Storage with much less risk of thermal runaway. PES also provides cell makers with dramatic reductions in work-in process inventory, working capital costs, and facility costs. In addition, PES provides faster and lower cost battery Q.C., which drives shorter design cycles and faster time-to market.

RePurpose is developing a system that tests, reassembles, and redeploys used electric vehicle batteries to store solar energy, creating create lower-cost, more sustainable energy storage systems. The process begins by precisely measuring EV battery health in <90 seconds using machine learning. Then battery reassembly is optimized into new circuits to maximize safety, efficiency, and longevity. Finally, the batteries are equipped with proprietary controls and fire suppression systems. This allows for repurposing used EV batteries safely for 7-10 years in “second-life” energy storage systems at around half the cost of new battery alternatives.

Tolo Inc. is building a remote inspection platform for utility infrastructure using immersive photogrammetric imagery. Tolo pairs state-of- the-art cameras with unmanned aerial vehicles (UAVs) and collects thousands of detailed photos from every angle of a utility tower, capturing images at greater detail than what is visible to an inspector in the field. A novel software application, custom-built for utility inspectors, provides advanced tools and greater inspection freedom and flexibility than field inspection. The result is more accurate, sharable, monitorable inspections that drive better maintenance decisions, reduce utility-caused wildfires, and enhance grid reliability.

About CalSEED
CalSEED is funded through the CEC’s EPIC program which invests approximately US$120M annually for innovative clean energy technologies and approaches benefiting the ratepayers of California’s three largest electric investor-owned utilities. Through the CalSEED initiative US$25M will be deployed to back over 80 startups in coming years. CalSEED is administered
by New Energy Nexus. For more information, please go to calseed.fund

About the California Energy Commission

The California Energy Commission is leading the state to a 100 percent clean energy future. It has seven core responsibilities: developing renewable energy, transforming transportation, increasing energy efficiency, investing in energy innovation, advancing state energy policy, certifying thermal power plants, and preparing for energy emergencies. For more information, please go to energy.gov.ca

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 1,400 startups, empowered over 9,500 entrepreneurs, and mobilized over US$3.7 billion in investment. 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.

Follow NEX on LinkedIn, X, Facebook, and YouTube

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California
Indonesia
New York
Women
Youth
6 ways NEX supports diverse clean energy innovators around the world

From swappable batteries in Indonesia to decarbonizing New York’s legacy buildings, clean energy entrepreneurs around the world are helping fix our planet and make energy more accessible.

Read on to discover 6 entrepreneurs in our portfolio that are setting the benchmark for impact and innovation.

As the world’s leading ecosystem of funds and accelerators, New Energy Nexus supports diverse clean energy entrepreneurs, giving them the tools, networks or funds they need to thrive.
marshall and cozy

”New Energy Nexus and The Clean Fight positively impacted Radiator Labs’ growth by way of supportive programming and high-level corporate and investor introductions.” Marshall Cox, CEO of Radiator Labs

1. Decarbonizing New York’s legacy buildings

The Radiator Labs system provides room level temperature control and eliminates overheating in radiator-heated buildings. Their innovative ‘Cozy’ is a revolution in radiator heating, saving up to 45% on heating costs and their installations are 100% financeable through subsequent energy savings. 

NEX’s New York program, The Clean Fight awarded Radiator Labs with a financing grant of US$150,000 to expand their team and two pilot grants of US$97,000 & US$150,000 to support a hybrid electrification and an energy efficiency project. 

In 2021 Radiator Labs completed 15 projects installing approximately 3,500 units, mitigating approximately 1,800 tons of carbon annually.

2. Harvesting value from agricultural & forest waste

Takachar is on a mission to fight climate change by transforming massive amounts of waste biomass into marketable products around the world. 

Around US$120 billion of agricultural waste is generated every year. The burning of agricultural waste causes air pollution impacting human health and the global atmosphere. Using a novel concept called oxygen-lean torrefaction, Takachar has developed and patented the design of a small-scale, low-cost, portable equipment to convert waste biomass into solid fuel, fertilizer, and other specialty chemicals. If scaled, Takachar’s technology could reduce smoke emissions from agricultural waste by up to 98% and cut a billion tons of carbon dioxide a year.

NEX’s California programs, CalSEED & CalTestBed awarded a US$600,000 grant in non-dilutive funding and a voucher of ~$260,000 respectively, to conduct prototype testing at UC Santa Barbara’s Renewable Natural Gas Development Laboratory.

takachar 1

“If scaled widely, the Takachar technology can enable rural communities to create significantly more value from their un-merchantable crop and forest residues, thereby reducing the risks of wildfires, air pollution, and carbon footprint.” Kevin Kung, Founder and CTO
*Photo is of Vidyut Mohan, CEO and Co-Founder of Takachar.

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“When questioning myself about why I am here, I find the answer in promoting social progress and making the world a better place are aligned with New Energy Nexus’ mission.” Felix Wu, CEO and Founder, Seniverse

3. Using big data to make clean energy more efficient 

Seniverse is a big data company, leveraging satellite data, AI, machine learning and IoT to deliver asset-level physical risk predictions on a computing platform. Seniverse’s technology predicts average power consumption with 3.02% greater accuracy, which both lowers the cost, and increases generation, of solar and wind power. 

Seniverse is a member of New Energy Nexus’ second EXCEL Accelerator cohort. During the program, NEX provided deep-dive workshops with leading corporations, one-on-one interviews with business units, connected Seniverse with investors and recommended them for various international awards.

4. Supplying clean energy products to refugee communities

Kiryandongo Refugee Settlement is an off-grid community hosting over 65,000 people from countries bordering Uganda. The majority of the households rely on firewood for cooking, kerosene for lighting and drink unsafe water. Children’s Hope International Ministry is a community-based organization (CBO) extending psychosocial support to children and women and increasing energy access by distributing and selling clean energy products in the settlement.

The organization has reached over 100 households and hopes to expand and create awareness of clean energy products, especially cookstoves and solar lanterns. It has also earned revenue from the profits to run more activities. NEX introduced the CBO to the clean energy business model, provided training to increase sales and run a business. We also offered stock capital to start the business as the CBO had no funds or collateral to present to banks to access financial assistance. 

reverand and daniel of children's hope ministry in kiryandongo refugee settlemet taking count of their stock in their energy business. we recently extended our model to humanitarian settings

“Clean energy products reduce stress on environmental resources. I hope that our work can help the community appreciate the importance of the cookstoves, briquettes and solar lanterns so they can become self-appointed ambassadors and users.” Deacon Rwemigio Raphael, Founder and Director of Children’s Hope International Ministry

solar panels

“I have been in the renewable sector for six years. But the amount of knowledge or confidence I am getting after being associated with [this program] is something beyond my expectations. The most amazing part is that all the mentors try their best to associate us with various opportunities that comes along the way. Thanks.. for giving [me] this opportunity to grow…” Saikrishna Mohanty, Founder & Managing Partner, Solar Infra

5. Accelerating adoption of solar energy systems

Solar Infra specializes in solar installation, project works, assembling, and supplying solar products. Solar Infra has installed more than 2.5MW of solar products. Their household products use brushless DC motors which lower electricity consumption. Through all the solar products installed and sold, Solar Infra has reduced ~1.8 tons of GHG emissions. Their solar products such as solar sewing machine, incense machine, solar-operated drip irrigation for farmers, and rope making machines have provided livelihood opportunities for more than 700 households.

Solar Infra is a part of NEX’s Climate Ready for Women in Energy program (in partnership with Climate Collective) which has provided business literacy skills, support on their pitch deck for investors and mentorship support to launch new livelihood products.

6. Pioneering swappable battery infrastructure in Indonesia

The two biggest problems with e-motorcycles, a potentially massive mode of transport in Indonesia, are perceptions about their range and the longer time it takes to charge. SWAP is city-based infrastructure of battery swapping stations for e-motorcycle riders. No more cords, no more hassle, battery is being swapped with a fully-charged battery within 9 seconds.

SWAP has 350+ units of e-motorcycles on the road, 250+ battery swapping stations deployed, 440,000+ cumulative kilometers driven, 37 tons of total CO2e reduced, and a charging station network in four cities.

NEX introduced SWAP to potential investors, supported the SWAP team to prepare funding documents, how to calculate their GHG reduction and offered mentoring services to help them develop their business management skills.

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“Nexus has motivated SWAP to focus on the single thing that mattered – build something impactful for the new era of energy.” 
Kevin Phang, Co-founder of Swap Energi Indonesia

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China
What is blockchain’s role in China’s renewable energy boom?

by Yafu Zhao, Head of Climate Fintech, New Energy Nexus China.

darmau lee b3e 3zbgz68 unsplash

Dunhuang Solar Power Station, Gansu Province, China. (Photo Credit: Darmau Lee)

Blockchain will emerge as key development in climate fintech in 2022, mainly due to the boom of distributed renewable energy projects, such as residential solar and the tracking of supply chain carbon emissions data.

Spurred by the central government’s 2060 carbon neutrality goal, there has been a rapid increase in distributed renewable energy projects in China, but blockchain tech can help banks unlock even more opportunities.

Distributed solar used to be the most under-banked area of renewable energy, especially for residential solar. For banks, the cost of performing due diligence is high, and they find it challenging to manage and properly measure the risks associated with these projects. For instance, it takes almost the same amount of effort to evaluate a 50kW project compared to  a 1MW project because an  in-person inspection is usually required. And in addition, banks lack proper tools to control the risks of data manipulation in power generation, which is why many hesitate to finance distributed solar projects and charge higher interest compared to utility scale projects. 

Climate fintech, especially blockchain technology, however can go a long way in resolving these challenges. Electricity-generation data, for instance, can be collected by sensors connected to the solar panel, which can then be stored on the blockchain – a decentralized network that ensures the authenticity and immutability of data. Banks can then access this data on a regular basis to measure the performance of these projects, preventing the risk of fraud and saving inspection costs. Such data can also be used should a bank decide to sell its residential solar loan to another financial institution, therefore improving the efficiency of such financial transactions. 

Given the booming distributed solar market in China and other parts of the world, we predict that the adoption of blockchain technologies for distributed climate finance will increase in 2022. 

In 2021, distributed solar PV represented 53.4% of total installation, which was up from 32.2% in 2020 (source here, in Chinese). Residential solar demonstrated the fastest growth in 2021:  21.5 GW of residential solar was installed, an 115% increase from 2020.

This trend is likely to continue in 2022 for four reasons: 

  1. Demand for solar is expected to be enormous this year as prices for materials in the solar supply chain are expected to drop (due to the increase of production capacity, in particular polysilicon).
  2. The unit cost of installing a residential solar PV project is lower than that of a utility scale project because less construction is required and the higher electricity price from end users can offset installation costs;
  3. Residential solar is still entitled to subsidies in some provinces in China compared to  utility-scale solar which no longer enjoy subsidies;
  4. The market has been accelerated by the National Energy Administration (NEA)’s notice regarding county-level trials of distributed solar power generation designed to boost rooftop solar capacity. 

Supply chain carbon data tracking is another factor driving the adoption of blockchain technology. Scope 1 and Scope 2 emissions are low-hanging fruits for carbon emission calculation, but Scope 3 emissions, which includes complex upstream and downstream emission data, require calculation by more advanced technologies [1]. 

The European Union will impose carbon tariffs on selected carbon-intensive imports  from 2026, which means that there is an added urgency for exporters to track carbon emissions in supply chains. In this context blockchain tech will help enhance the traceability, transparency and accountability of carbon emission data, just as it has for distributed renewable energies. For multinational corporations such as Apple and L’Oréal who have pledged to reduce their emissions, blockchain technology will help them monitor carbon emissions in their supply chains. An additional benefit: emission data stored on the blockchain is immutable and transparent, which helps prevent greenwashing in climate finance. Banks can therefore easily identify climate-friendly projects and clearly estimate the impacts of their green loans. 

As CEO of Rivtower, Shawn Wang said: “Blockchain can significantly reduce the friction cost of transactions and enhance the efficiency of a sustainable finance network.”. Rivtower is currently providing services for China Merchants Bank (CMB). 

Keep an eye on this space if you’re an investor or keenly follow China clean energy and technology space, and reach out if you want to partner with us.

For more information: check out this Webinar with Shawn Wang (in Chinese) with CEO of Rivtower. For more climate fintech stories and applications, please download the New Energy Nexus Climate Fintech Report or contact us at hellochina@newenergynexus.com

[1] Definition of Scope 1, 2, 3 by “The Greenhouse Gas Protocol”: Scope 1: Direct GHG emissions; Scope 2: Electricity indirect GHG emissions; Scope 3: Other indirect GHG emissions. https://ghgprotocol.org/sites/default/files/standards/ghg-protocol-revised.pdf
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News
Indonesia
New Energy Nexus announces funding for 4 early-stage clean energy startups in Indonesia

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 roundthe 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.

Media contacts:

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

Raisha Fatya
Communications Manager, New Energy Nexus Indonesia
Raisha.Fatya@newenergynexus.com
M: +628118980051

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 1,400 startups, empowered over 9,500 entrepreneurs, and mobilized over US$3.7 billion in investment. 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.

Follow NEX on LinkedIn, X, Facebook, and YouTube

News
Nigeria
New Energy Nexus and Clean Tech Hub announce partnership to scale clean energy entrepreneurship in West Africa

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.

Media contacts:

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

Ifeomo Malo
Co-Founder/CEO, Clean Tech Hub
hello@cleantechnologyhub.org

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 1,400 startups, empowered over 9,500 entrepreneurs, and mobilized over US$3.7 billion in investment. 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.

Follow NEX on LinkedIn, X, Facebook, and YouTube

Story
China
What the Year of the Tiger means for China’s climate tech

img 8534

 

Despite the ongoing pandemic, 2021 taught us to celebrate the small wins of the growing ecosystem of China-based climate innovators. In our discussions with a host of climate and ESG experts in China, we learned that these innovations are set to expand across the value chain in 2022, from glass-free solar solutions to AI-backed ESG data technology. 

In the latest address by President Xi at the World Economic Forum, Xi stated, “achieving carbon peak and carbon neutrality are the intrinsic requirements of China’s own high-quality development and solemn pledge to the international community.” In other words, reaching net zero is a means for self-preservation and global solidarity, not just a checkbox.

The Action Plan for Reaching Peak Carbon Emissions by 2030 outlines a number of measures, including actively developing “new energy,” with a goal of over 1,200 GW in total installed capacity for wind and solar. This is a brave and audacious goal that will draw billions of dollars in financing, development, companies and entrepreneurs to paint a sea of solar and wind across mountains, deserts and grasslands. 

This top-level planning spawns entrepreneurs like Hu Yaowen, CEO of Guoben Energy in Yinchuan, the capital city of Ningxia. This Northwest region of China is sheltered by the deserts of Mongolia and is also home to Yanchi Ningxia Solar Park, one of largest solar farms in the world at 1 GW. Yaowen is not native to Yinchuan; she was born and raised in Chengdu. An analyst turned entrepreneur, Yaowen moved north in 2016 to build her own renewable energy service company that develops, arranges financing for, and maintains utility scale solar and wind projects. By the end of this year, Guoben Energy will have cumulatively constructed 5 GW of solar and wind in Ningxia, Inner Mongolia and Shaanxi provinces. 

Companies like Guoben Energy benefit from state-backed subsidies and must compete with the state-owned energy companies for projects. On a recent trip to Ningxia, New Energy Nexus staff visited a Guoben 20 MW solar farm; the solar panels are in the middle of a desert, alongside a 200 MW wind farm, and circling a coal-fired power plant. This is a telling picture of what’s to come. 

According to folklore, the Year of the Water Tiger is a year associated with achievements and overcoming challenges. As the trilogy of the pandemic continues, companies are settling into a new normal of virtual meetings, while still driving real impact. 

We look forward to watching both startups and mature companies innovate and overcome challenges in the climate friendly economy this year. We are excited to continue to share the microphone with entrepreneurs and agents of change – for people and for planet.

Marilyn Waite is managing director of the Climate Finance Fund and Andrew Chang is program director at New Energy Nexus in China.

Find out more on the China Cleantech podcast by New Energy Nexus:

China Cleantech 生态创新is a podcast that features China-connected cleantech innovations and innovators. Available on most podcast outlets inside and outside of China, China Cleantech covers untold stories, with critical commentary by co-hosts Andrew Chang and Marilyn Waite, of green economy endeavors that impact the world’s decarbonization efforts. 

Subscribe to the newsletter for updates.

In Season 3 of China Cleantech, Marilyn and Andrew interview:

  • Dr. Xu Hu, Deputy Head of Research at the Chinese Academy of Financial Inclusion, to explore how reforming community banks in rural China can lead to better climate outcomes. 
  • Jason Tu, Founder of Miotech, to share how AI can make ESG data more accessible and transparent. 
  • Earl Carr, author of From Trump to Biden and Beyond: Reimaging US-China Relations, to cover climate infrastructure investment in Africa from Chinese financial institutions. 
  • Luo Nan, Head of the Principles for Responsible Investment in China, to share how China grew from 10 to 80 China-based PRI signatories in a few years. 
  • Annie Liang-Zhou, co-founder of Liang Capital Partners, to share her motivation for climate tech and impact investing. 
  • Dr. Guo Peiyuan, Chairman of SynTao Green Finance, to explain the top trends in Chinese ESG investment.
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News
California
New Energy Nexus announces Denise Rushing to lead California efforts

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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.

Media contacts:

Tristan Tremschnig
Communications Director, New Energy Nexus (based in San Francisco, USA)
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 1,400 startups, empowered over 9,500 entrepreneurs, and mobilized over US$3.7 billion in investment. 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.

Follow NEX on LinkedIn, X, Facebook, and YouTube

Story
Uganda
Energy Access
Uganda’s rural entrepreneurs are a model for clean energy access in Africa

img 8534

 

Despite the ongoing pandemic, 2021 taught us to celebrate the small wins of the growing ecosystem of China-based climate innovators. In our discussions with a host of climate and ESG experts in China, we learned that these innovations are set to expand across the value chain in 2022, from glass-free solar solutions to AI-backed ESG data technology. 

In the latest address by President Xi at the World Economic Forum, Xi stated, “achieving carbon peak and carbon neutrality are the intrinsic requirements of China’s own high-quality development and solemn pledge to the international community.” In other words, reaching net zero is a means for self-preservation and global solidarity, not just a checkbox.

The Action Plan for Reaching Peak Carbon Emissions by 2030 outlines a number of measures, including actively developing “new energy,” with a goal of over 1,200 GW in total installed capacity for wind and solar. This is a brave and audacious goal that will draw billions of dollars in financing, development, companies and entrepreneurs to paint a sea of solar and wind across mountains, deserts and grasslands. 

This top-level planning spawns entrepreneurs like Hu Yaowen, CEO of Guoben Energy in Yinchuan, the capital city of Ningxia. This Northwest region of China is sheltered by the deserts of Mongolia and is also home to Yanchi Ningxia Solar Park, one of largest solar farms in the world at 1 GW. Yaowen is not native to Yinchuan; she was born and raised in Chengdu. An analyst turned entrepreneur, Yaowen moved north in 2016 to build her own renewable energy service company that develops, arranges financing for, and maintains utility scale solar and wind projects. By the end of this year, Guoben Energy will have cumulatively constructed 5 GW of solar and wind in Ningxia, Inner Mongolia and Shaanxi provinces. 

Companies like Guoben Energy benefit from state-backed subsidies and must compete with the state-owned energy companies for projects. On a recent trip to Ningxia, New Energy Nexus staff visited a Guoben 20 MW solar farm; the solar panels are in the middle of a desert, alongside a 200 MW wind farm, and circling a coal-fired power plant. This is a telling picture of what’s to come. 

According to folklore, the Year of the Water Tiger is a year associated with achievements and overcoming challenges. As the trilogy of the pandemic continues, companies are settling into a new normal of virtual meetings, while still driving real impact. 

We look forward to watching both startups and mature companies innovate and overcome challenges in the climate friendly economy this year. We are excited to continue to share the microphone with entrepreneurs and agents of change – for people and for planet.

Marilyn Waite is managing director of the Climate Finance Fund and Andrew Chang is program director at New Energy Nexus in China.

Find out more on the China Cleantech podcast by New Energy Nexus:

China Cleantech 生态创新is a podcast that features China-connected cleantech innovations and innovators. Available on most podcast outlets inside and outside of China, China Cleantech covers untold stories, with critical commentary by co-hosts Andrew Chang and Marilyn Waite, of green economy endeavors that impact the world’s decarbonization efforts. 

Subscribe to the newsletter for updates.

In Season 3 of China Cleantech, Marilyn and Andrew interview:

  • Dr. Xu Hu, Deputy Head of Research at the Chinese Academy of Financial Inclusion, to explore how reforming community banks in rural China can lead to better climate outcomes. 
  • Jason Tu, Founder of Miotech, to share how AI can make ESG data more accessible and transparent. 
  • Earl Carr, author of From Trump to Biden and Beyond: Reimaging US-China Relations, to cover climate infrastructure investment in Africa from Chinese financial institutions. 
  • Luo Nan, Head of the Principles for Responsible Investment in China, to share how China grew from 10 to 80 China-based PRI signatories in a few years. 
  • Annie Liang-Zhou, co-founder of Liang Capital Partners, to share her motivation for climate tech and impact investing. 
  • Dr. Guo Peiyuan, Chairman of SynTao Green Finance, to explain the top trends in Chinese ESG investment.
Explore More