As global oil and gas shocks continue to raise electricity prices and put pressure on households and businesses, Thailand’s residents are turning to solar. The government is greasing the wheels on this transition, introducing new incentives for rooftop solar while encouraging high-consumption users to generate their own power.

As demand for solar grows, so does the need for the people who can design, install, and maintain these systems. Stepping up to the plate are enterprising Thais, who are increasingly seeking the skills needed to turn the clean energy transition into new career and business opportunities.

A recent rapid survey conducted by New Energy Nexus (NEX) Thailand in Phuket found demand for solar installation training running at least three times higher than comparable surveys conducted before the energy crisis. The responses came from hotel technicians, electricians, farmers, construction workers, unemployed job seekers, and experienced professionals looking for a second career.

A workforce responding to the energy reality

The energy crisis alone did not drive this momentum. Thailand has been building up to this for a while now.

Its latest electricity tariff reforms, combined with years of exposure to energy price shocks, have strengthened the economic case for solar. Businesses across Phuket’s tourism-driven economy, from hotels and resorts to restaurants and retailers, continue to face high operating costs tied to electricity consumption.

And so, Thais are seizing the opportunity.

Key data points from the survey include:

1. “Becoming a Solar Cell Entrepreneur” was the most popular course offering. Solar installation, battery assembly, and solar-powered agricultural systems also attracted strong interest

2. Nearly one in three respondents (32%) is currently unemployed. A majority saw solar entrepreneurship or installation as their route back into work. Another 9% were electricians and technicians with transferable skills, while hotel and hospitality workers formed a notable cohort, reflecting Phuket’s exposure to rising energy costs.

3. The average respondent age is 44, with a substantial share in their 50s and early 60s. There are experienced workers who saw their electricity bills spike in 2022 and 2023, and are now pursuing solar training as a deliberate next step. Several even wrote in the open-response section about using solar skills to build a second career after retirement, and some expressed curiosity about technologies such as batteries and solar EV chargers.

“The demand for solar training in Phuket tells us the energy price shock has already changed how people here think about their futures,” said Natcha Tulyasuwan, NEX Thailand country manager. “Hotel technicians, electricians, people between jobs—they want to be qualified solar installers and solar entrepreneurs.”

This bigger market for solar training is, as it turns out, exactly what the country needs right now.

While Thailand has ambitious plans to expand solar generation from just over 3 GW in 2024 to more than 33 GW by 2037, the country faces a critical bottleneck: not enough certified installers, solar SMEs, and maintenance professionals to meet growing demand.

Without sufficient training and accreditation pathways, consumers may struggle to find qualified installers, while poorly installed systems could undermine confidence in solar at a time when adoption is gaining momentum.

“The government is telling high-consumption users—hotels, businesses, large households—to go solar,” Tulyasuwan said. “A business in Phuket that acts on that advice today will struggle to find a certified installer who can guarantee quality work and a maintenance agreement.”

For many workers, the motivation already exists. What remains missing are accessible pathways to certification, entrepreneurship support, and practical training opportunities outside major urban centers.

Where to take this solar skills demand

This is where NEX Thailand comes in. In 2025, NEX Thailand’s SolarSTEP program secured national approval for its Solar Entrepreneurship Curriculum from the Department of Skill Development under the Ministry of Labour, creating a pathway toward nationally recognized solar workforce training.

The next challenge is scale. Expanding accredited training programs across provinces, supporting local training providers, and building a strong pipeline of installers and maintenance professionals will be critical if Thailand wants to keep pace with growing solar demand.

More recommendations on strengthening Thailand’s solar workforce can be found here.

The findings from Phuket reveal the simple reality that clean energy is increasingly becoming an economic opportunity. As energy costs rise and solar becomes more affordable, more Thais are looking to build careers and businesses around the transition.

That surge in demand for solar training is a signal that people are ready to participate in Thailand’s clean energy future. The task now is ensuring they have the skills, support, and opportunities to help build it.

Want to learn more about how we’re building the clean energy ecosystem in Thailand and in 13 other countries across the globe? Check out our programs here.

Written by Kotchakorn (Build) Khwamchareon, Head of Programs at New Energy Nexus Thailand

Working with clean energy entrepreneurs across Thailand and Southeast Asia, I have sat in enough founder meetings, investor conversations and government consultations to recognise patterns that do not show up clearly in official data. One of them has been troubling me for a while: Thailand has the talent, demand and industrial base to build clean energy companies, but not yet the policy environment that makes it commercially rational for many of them to grow here.

The recent pressure on Thai fuel prices has made that gap harder to ignore. When global fossil fuel markets move, households, businesses and the wider economy feel it quickly. But Thailand’s ability to reduce that exposure depends on more than importing cleaner technology or setting long-term targets. It also depends on whether local clean energy startups can access the capital, incentives and market conditions they need to build practical alternatives at home.

Earlier this year, as part of research into Thailand’s clean energy investment landscape, I did deep interviews with three start-ups and two of the country’s leading venture and corporate venture funds active in clean energy and climate technology. I asked where their capital was going. Every single planned 2025 climate investment from all five funds was allocated outside Thailand. One fund reported a portfolio that was 80 percent United States, 15 percent Europe, and zero percent Thailand. When I asked why, the answer was consistent across conversations.

As one corporate investor put it: In four to five years of looking, they had not found a climate startup in Thailand, or anywhere in Southeast Asia, that met their criteria. “There isn’t sufficient capital. There isn’t sufficient incentive. So we don’t see world-class startups emerging in this region.”

I have heard versions of that statement many times. What strikes me now, with diesel having recently peaked at 50.54 baht per litre after climbing from 29.94 baht in February, is that it describes a loop that Thailand has been unable to break, and is now paying a concrete price for.

Thailand imports 57 percent of its crude oil from the Middle East. When the Strait of Hormuz effectively closed following the conflict with Iran, there was no domestic cushion. The government managed the emergency competently enough, releasing reserves, banning exports, and suspending fuel levies. But none of those measures could substitute for the distributed clean energy capacity and domestically anchored innovation that a decade of better-designed investment conditions might have produced.

The investors I spoke with are not wrong in their observations. Thailand’s climate startup ecosystem has not yet generated the density of investable companies that would shift those capital flows. But the question worth asking is why, and the answer is more specific than it might appear.

Working directly with founders, a pattern becomes clear. The ones who don’t make it past the earliest stage are not possibly short on technical capability or market understanding. They run out of money during the gap between spending on early development and receiving reimbursement from public grant programmes, which is typically how Thai government innovation support is structured. You spend first, document the costs, and wait. For a founder without reserves, that wait is the end of the company. The founders who survive it are disproportionately those with family capital to bridge the gap, which narrows the pipeline in ways that are plainly visible if you are sitting across the table from these teams regularly.

The second pattern I keep encountering involves incorporation. A founder I worked with recently built methane-reduction technology for livestock farms. The team is Thai. The farms are Thai. The product was developed in Thailand. When the company sought investment, no investor would put capital into a Thai legal entity. The holding structure moved to Singapore. The intellectual property and the future financial returns of that company now sit outside Thailand’s legal and financial system, before the company has generated a single baht in revenue. This is not unusual. It has become, in my observation, close to standard practice for Thai climate tech companies that manage to attract any serious investor attention.

Both of these patterns are individually rational. The grant structure reflects standard public accountability requirements. The Singapore incorporation reflects genuine investor preferences around regulatory clarity and exit pathways. Together, they produce an outcome that serves neither Thailand’s energy security nor its long-term economic interests. The country develops the technology and loses the value.

From where I sit, three changes would materially shift these conditions without requiring large new public expenditure.

The most fundamental is a carbon price, even a modest one, with a published schedule showing how it will rise over time. A clean energy startup building emissions-reduction technology in Thailand currently cannot convert its environmental impact into revenue, because there is no sufficient liquid, predictable, and economy-wide domestic mechanism to do so. Without that conversion, the financial model does not close, and experienced investors identify that problem immediately. Announcing a credible carbon pricing trajectory would improve bankability, not by changing the technology but by giving investors a future revenue logic.

The second is a government-anchored climate fund of funds, with the state acting as a limited partner in commercially managed investment vehicles rather than selecting companies itself. South Korea built its venture capital market depth partly through this mechanism, via the Korea Venture Investment Corporation, which draws in professional fund managers and co-investors by providing a credible anchor. Thailand has the fiscal capacity to do something similar at a meaningful scale for climate and clean energy. The effect would be to make Thailand a viable destination for the kind of institutional capital that currently goes to Singapore, the US, or Europe by default.

The third is a change in how government grants reach early-stage founders: upfront milestone-based disbursements rather than reimbursements. Singapore’s Startup SG programme works this way for exactly the reason I described above. Getting capital to founders at the moment they need to spend it, rather than after they have somehow survived without it, produces more companies that reach the stage where private capital will consider them. The cost to the government is the same. The timing is different, and the timing is what matters.

I recognise that none of these changes happen quickly, and that the immediate priority for Thailand’s policymakers is managing a fuel crisis, not redesigning innovation grant structures. But the research we conducted earlier this year, before the Iran conflict, already pointed toward the same structural gap that the crisis has now made visible at national scale. The investors and founders I have been talking to for years were already describing, in their own terms, the conditions that left Thailand exposed. The crisis is new. The underlying problem is not.

Kotchakorn (Build) Khwamchareon is Head of Programs at New Energy Nexus Thailand. New Energy Nexus is a global non-profit supporting clean energy entrepreneurs across more than 14 countries. She works with founders, investors, and policymakers across Thailand to design the conditions for climate technology to scale within emerging economies.

A young IT engineer inspects data center servers. Stock photo

Written by Wenxuan (Shane) Sun, Business Development & Program Director at New Energy Nexus China

As artificial intelligence (AI) tech progresses, data centers and intelligent computing facilities are becoming a new class of energy-intensive infrastructure. Globally, data centers consumed around 415 TWh of electricity in 2024, about 1.5% of global electricity demand, and the International Energy Agency (IEA) projects that this could roughly double by 2030. The United States and China are expected to account for the majority of this growth.

This creates a critical question for the clean energy transition: will AI-driven computing become another source of grid stress, or can it become part of the solution?

For NEX China, this is the starting point of our work on computing-power coordination, or suan-dian xietong (算电协同) in Chinese, the coordination between computing demand and power system operation.

As we begin a new project to explore the challenges and opportunities in this space, we wanted to cover the basics and what it means for entrepreneurs.

What is computing-power coordination?

Computing-power coordination refers to the practice of aligning computing workloads with the availability, location, timing, and constraints of electricity supply.

In simple terms, not all computing tasks need to happen in the same place or at the same moment. Some workloads are highly time-sensitive, such as real-time financial transactions, autonomous driving, or emergency response systems. But others, including AI model training, batch data processing, rendering, simulation, and certain industrial AI tasks, may have more flexibility. They can potentially be shifted in time, shifted across locations, or adjusted according to grid conditions.

This matters because electricity systems are increasingly shaped by two simultaneous trends. On the supply side, more solar and wind power are entering the grid, but their output is variable. On the demand side, data centers and AI computing loads are growing rapidly, often becoming large, concentrated electricity consumers. This raises a question: when can computing loads function as flexible resources for the grid, rather than only as fixed demand?

The answer is not automatic. Computing loads are not inherently flexible. They only become useful to the power system when the right technical, commercial, and institutional conditions are in place. These include dispatch authority, service-level agreements, measurement methods, settlement rules, and clear responsibility among grid operators, data center operators, computing platforms, and energy users.

Why does this matter for the energy industry?

The energy sector is entering a new phase in which flexibility is as important as capacity.

Historically, power systems were designed around predictable demand and controllable generation. Today, the system must integrate variable renewable energy, electrified transport, distributed solar, batteries, industrial electrification, and now fast-growing digital infrastructure. AI data centers add a new layer of complexity: according to the IEA, AI-focused data center electricity consumption grew by 50% in 2025, while total data center electricity demand grew by 17%.

The challenge is not only the total amount of electricity consumed. It is also where, when, and how that demand appears. Data centers are large, concentrated, and often developed faster than energy infrastructure can be planned and built. The IEA notes that this mismatch between fast-moving data center development and slower-moving energy investment can create risks for grid planning, electricity prices, and system reliability.

Computing-power coordination offers a different lens. Instead of asking only how to supply more electricity to data centers, it asks whether some computing demand can be shaped to support the grid. A few examples:

• A data center could increase computing activity when local solar output is high and reduce or shift non-urgent workloads when the distribution grid is constrained.
• AI training tasks could be scheduled in regions and time windows with abundant renewable energy.
• Computing platforms could offer differentiated service levels, where users pay less for flexible computing tasks that can be delayed or relocated.
• Data centers with batteries, advanced energy management systems, and workload orchestration could participate in demand response or other flexibility markets.

This does not mean turning data centers into power plants; it means recognizing that digital infrastructure and energy infrastructure are becoming interdependent. The next generation of clean energy innovation will not only be about producing greener electrons, but also about designing smarter demand.

Why China?

China is one of the most important places to explore this question because it sits at the intersection of three global trends: rapid growth in AI infrastructure, massive deployment of renewable energy, and real-world grid integration challenges.

China’s total computing power scale already ranks second globally, and by the end of 2023, the country had more than 8.1 million data center racks in use. China’s government has also set clear green data center targets, including lowering the average data center PUE to below 1.5 by 2025 and increasing data center renewable energy utilization by 10% annually.

But China is not only building large data center clusters. It is also facing a very practical distributed energy challenge. County-scale rooftop solar programs and distributed renewables have expanded rapidly in many regions, creating new stress on local distribution grids. In these contexts, renewable generation is often location-bound, while computing loads remain largely inflexible.

This makes China a valuable “stress test” environment. Lessons from China can not be copied directly to Europe, Southeast Asia, or other markets, but they can help answer questions that many systems will soon face: How should grids coordinate with new digital loads? What kinds of computing demand are truly flexible? How should flexibility be measured and rewarded? Where do technical possibilities break down because institutions, contracts, or market rules are not ready?

What can entrepreneurs do?

Entrepreneurs play an important role because computing power coordination is not a single technology. It is an emerging system innovation field that requires new tools, platforms, services, and business models.

Entrepreneurs can develop workload orchestration tools that classify computing tasks by urgency, location sensitivity, carbon intensity, and grid impact. They can build energy-aware AI infrastructure. This may include software that links AI training schedules with renewable energy availability, electricity prices, grid congestion signals, or carbon intensity data. They can also develop measurement and verification systems. Without credible measurement, it is impossible to prove that computing loads have provided real grid value. In addition, there is space for new commercial models: flexible computing contracts, green computing products, demand response aggregation for data centers, carbon-aware cloud services, and location-aware computing marketplaces.

NEX China’s approach is therefore deliberately hypothesis-driven and simulation-based, focusing on decision-useful learning before large-scale deployment. Follow us to stay updated on our findings here.

Wenxuan (Shane) Sun has extensive experience in China’s wind and renewable energy markets, both within the industry and through market consulting.

Australia imports roughly 90 percent of its liquid fuels. Every global shock—a war, an OPEC decision, a freight disruption—lands directly on businesses, families, and supply chains with almost no buffer. When diesel prices surge, freight operators park their trucks. When supply chains buckle, the cost flows through to everything.

The clean energy transition is the long-term answer to that vulnerability. But it only works if we get the full picture right—and right now, we’re missing a critical piece: batteries. Who makes them, what goes into them, and whether any of that happens domestically.

That question is at the heart of the Supercharge Australia Incubator, a joint initiative of New Energy Nexus and EnergyLab, and the nine startups joining its second cohort.

These companies are tackling the full lithium battery value chain—the materials that go in, the chemistry that makes them safer and longer-lasting, the systems that track health across an entire lifecycle, the infrastructure that lets EVs feed power back into the grid, and the manufacturing capability that keeps more of this value onshore. They come from New South Wales, Victoria, Western Australia, and South Australia. They span deep materials science and accessible consumer hardware. What they share is a conviction that Australia has the talent, the resources, and the urgency to lead.

The second Supercharge Australia Incubator cohort during the program’s kickoff call.

Over 12 weeks, each startup in the incubator receives hands-on mentorship, strategic guidance, and introductions to the partners and investors who can help them scale. The program is designed to move early-stage founders past the prototype phase and toward commercial traction.

That support matters more than ever right now. Ben Hutt, Managing Director and CEO of Janus Electric—an EnergyLab alumnus and a supporter of the second Supercharge Australia Innovation Challenge—offers a clear view of how the landscape has shifted.

“The early frenzy of activity in climate tech has ended. This has led to a scarcity of venture capital— the spray and pray is over—and made it harder for early-stage companies to raise money and scale to a point where they have a relevant place in the market.”

The startups that will break through are those that can demonstrate real-world traction, not just promising technology. That’s precisely the gap programs like this one are designed to close.

Cosmos Infinity (NSW) is working at one of the hardest frontiers in battery chemistry. Founded by Paul Chien, the company is developing next-generation solid-state LFP batteries engineered for significantly enhanced safety, longer cycle life, and cost-effective energy storage applications.

DELECTRO (NSW) is making the case that decarbonization doesn’t have to mean compromise. Founder Kartikeya Acharya designs low-carbon products with genuine aesthetic appeal—including the DELOCA micro-kitchenette—proving that the shift to clean energy is something people can actually want to live with.

DYNOVY (NSW) is tackling a problem that grows more urgent with every battery: how do you know its condition, and whether it’s safe to reuse? Mark Behi’s platform technology delivers fast, reliable battery health assessments across an entire lifecycle—from production through to second life and recycling.

HASAKI Research & Technology Centre (VIC) is addressing one of the less visible but most consequential challenges in electric vehicles. Founders Andrew Royale and Keiko Araki are developing a new thermal management secondary system for EVs—targeting the heat management failures that quietly erode battery performance and longevity.

IonMatrix Energy (NSW) is advancing the materials that go into next-generation batteries. Founder Hao Tian is developing battery materials and technologies engineered for safe, high-performance energy storage—with a clear path from laboratory discovery to commercial deployment.

Photo from RENOZ Energy

Ixium Technologies (NSW) is going upstream. Co-founders Jonathan Goodman and Richard Ellison have built modular lithium purification systems that produce battery-grade lithium carbonate at half the cost and a third of the emissions of conventional refining. Given that lithium carbonate sits at the heart of battery supply chains, breakthroughs in its production can unlock lower costs and faster scale across the entire energy transition.

Mercier Designs (NSW) is solving a practical problem for everyday EV users. Founder Tony Mercier has developed a deployable, exchangeable battery swap system—giving flexible energy access to people and fleets who cannot afford downtime and cannot wait for charging.

RENOZ Energy (WA) is closing the gap between the residential and utility energy storage space. Founded by Simon Chan in Perth, RENOZ is developing bespoke batteries en masse across the commercial, agricultural, regional, and resources sectors.

V3G (SA) wants vehicle-to-grid technology to be affordable for everyone, not just early adopters. Founders Mark Purcell and Ewan Parsons have developed V3G Bi-directional Pedestals designed to make V2G accessible at scale—turning every parked EV into a potential grid asset.

Australia is at an inflection point: demand for batteries is rising, global supply chains remain uncertain, and the policy environment is beginning to catch up.

The gap between here and where we need to be is also, increasingly, a policy choice.

“[California, the UK, Canada, and New Zealand]…have all clearly signposted that freight electrification and decarbonisation is the biggest priority between now and 2030—and they’re backing that with subsidies. California subsidises 80 percent of the cost of electrifying a truck.” Hutt said. “Janus is a beneficiary of that. Australia needs to take note of what’s happening overseas.”

The startups in this cohort aren’t waiting for that signal. They are building the technology and the value chain that makes it possible—so that when it comes, Australia is ready. Get in touch if you want to partner with us or find out more: kirk.macdonald@newenergynexus.com

Supercharge Australia is a joint initiative of New Energy Nexus and EnergyLab, accelerating Australia’s lithium battery value chain and catalysing sovereign capability—from critical minerals to manufacturing, deployment, second life, and recycling. To learn more about the Supercharge Australia Incubator, visit the EnergyLab website.

Andrew Chang, CEO of New Energy Nexus (left), and EAP Lead Program Officer at World Bank Group, Vicky Tsang (right), pictured with Avika Narula, CEO of Living Roots (center).

The She Wins Climate Southeast Asia Accelerator reached a critical milestone in Bangkok,  (March 27, 2026) where its cohort of women-led climate startups came together for the program’s Graduation and Investment Summit. The event recognized the dedication of participants to growing their businesses, while focusing on what comes next: connecting founders with capital, and converting progress into opportunity.

Across Southeast Asia, climate innovation is accelerating, but access to capital remains uneven, particularly for women founders.

The summit placed that gap at the center of the conversation, bringing together development partners, investors, and entrepreneurs to align around a shared priority, to build a pipeline that is not only visible, but also investable.

Led by the International Finance Corporation in partnership with New Energy Nexus, She Wins Climate has worked over the past six months with 25 startups from across the region. These startups span renewable energy, circular economy, agriculture, water, and climate adaptation, sectors that are increasingly central to Southeast Asia’s growth trajectory.

At the summit, the message from participating partners was consistent. The opportunity is already here, but systems need to respond differently.

Yuan (Jane) Xu, Country Manager for Thailand and Myanmar at the International Finance Corporation, framed the conversation in economic terms.

“Removing barriers to women’s economic participation can increase national output by 15 to 20 percent. That is not a social statistic. That is an economic one,” said Yuan (Jane) Xu, Country Manager, Thailand and Myanmar, IFC.

She also pointed to a longer-term structural challenge shaping the region.

“Over the next 10 to 15 years, 1.2 billion young people will reach working age, yet only about 400 million jobs are expected. This gap will not be closed without unlocking the full potential of women.”

Her remarks underscored a shift in framing. Women-led climate startups are not a niche segment. They are part of the solution to both economic growth and job creation.

Opening remarks by Yuan (Jane) Xu, IFC Country Manager for Thailand and Myanmar, during The She Wins Climate Southeast Asia forum.

From a financing perspective, Matt Kellam of the Australian Department of Foreign Affairs and Trade highlighted how blended finance is being used to bridge persistent gaps.

“Women entrepreneurs are more likely to start sustainability-focused businesses and drive innovation, yet lack of access to finance continues to limit their role in just transitions,” said Matt Kellam, Blended Finance Unit, Department of Foreign Affairs and Trade.

Australia’s approach, he noted, focuses on mobilizing private capital into sectors that deliver both climate and gender outcomes, while strengthening the pipeline of investable businesses.

That pipeline is exactly where programs like She Wins Climate play a role. Frank Le, Counsellor and Senior Trade Commissioner at Global Affairs Canada, emphasized the importance of pairing funding with ecosystem support.

“Programs like She Wins Climate equip women entrepreneurs with the capacity, networks, and investment readiness needed to scale, strengthening their access to finance and positioning them to lead in climate solutions,” said Frank Le, Counsellor and Senior Trade Commissioner, Embassy of Canada to Thailand.

At the program level, the gap is clear. While global climate investment continues to grow, only a small share reaches female-led ventures, particularly in emerging markets. As Chi Nguyen, Program Officer at the International Finance Corporation, put it:

“The gap is not in the solutions. The women founders in this room are already building and delivering. The gap is in where the money is going,” said Chi Nguyen, Program Officer, IFC.

The Southeast Asia cohort reflects that reality. The 25 startups represent seven countries and bring a mix of technical, operational, and market expertise. Many are already working with smallholder farmers, SMEs, and climate-vulnerable communities, demonstrating models that are both scalable and grounded in local contexts.

The graduation ceremony marked the end of the accelerator phase, but the focus of the summit quickly shifted toward engagement. A panel discussion brought together investors, founders, and ecosystem players to unpack what drives investment decisions in the region and how gender-lens investing can move from intention to practice.

The atmosphere of the investor speed dating session, where founders have the opportunity to engage in deep discussions with global investors. This session serves as a strategic space to align growth visions and capital needs within an increasingly competitive climate investment landscape.

The most direct interaction came through the investor speed dating sessions, where founders engaged with 13 investors, including VISUP, A2D Ventures, Touchstone, elea, SeaX Ventures, New Energy Nexus Ventures, Beacon Venture Capital, GreenRocketVC, Krungsri Finnovate, Radical Fund, GroFin, and OCB.

These sessions were designed to move beyond visibility, creating space for real conversations around fit, growth, and capital needs. For founders, it was an opportunity to position their businesses within an increasingly competitive climate investment landscape. For investors, it offered access to a curated pipeline of ventures that have already undergone rigorous preparation.

What emerged from the summit is a clearer picture of where the ecosystem stands. The pipeline of women-led climate startups in Southeast Asia is no longer the constraint. It is growing, diverse, and increasingly investment-ready.

The challenge now sits with capital, how quickly it can adapt, and whether it is willing to recognize the opportunity in front of it.

Because as the summit made clear, this is no longer about proving that women-led climate solutions exist.

It is about whether the system is ready to back them at scale.

Find out more about the She Wins Climate Southeast Asia Accelerator here.