Blog
Renewable energy tech
Thailand
The climate tech startups decarbonizing Thailand’s economy

The Decarbonize Thailand Symposium we co-hosted with True Digital Park is one of the year’s most significant clean energy meetings in Thailand. It’s also a unique opportunity to showcase local global climate tech startups, and build partnerships with some of the country’s biggest corporations.

Now in its second year, we teamed up with Denso and Mitsubishi Thailand to focus on four arenas: e-mobility, decarbonization, agritech, and energy.

New Energy Nexus showcased over 20 startups at the symposium, with an additional 37 expressing interest from both Thailand and abroad, spanning countries like India, Japan, the Philippines, and Singapore. Here are a few of them…

Algal Bio (Japan)

Algal Bio is revolutionizing industries with their ‘Algae Biofoundry Platform’. Their tech licensing service unlocks the power of algae, identifying top strains and cultivation methods for everything from wellness to carbon neutralization.

Masahiro Kida, Team Leader for International Business Development, Algal Bio

Masahiro Kida, Team Leader for International Business Development, Algal Bio

Gideon One (Thailand)

Gideon’s platform offers complete carbon accounting and energy trading capabilities, making it easy for SMEs and non-technical users to track and trade carbon emissions. Specializing in scalable, emission tracking, and simulation digital platforms, they’re leading the way towards a greener future.

Chosen Energy (Thailand)

Chosen Digital is leading the charge in future energy innovation. Partnering with PEA, they’re pioneering the next-gen energy landscape with cutting-edge EV charging and beyond. From energy trading to virtual power plants, they’re transforming the game with plans for regional expansion.

Worapoj Ruenrerngwong, Founder & CEO, Chosen Group

Worapoj Ruenrerngwong, Founder & CEO, Chosen Group

Meds Venture (Singapore)

Multi Energy Decarbonized Solutions (MEDS) is unlocking sustainable energy solutions. As leaders in scalable energy modeling, they harness cutting-edge platforms, empowering businesses with actionable strategies to offset and slash carbon emissions, driving sustainable operations forward.

Alternō (Vietnam)

Alternō Air is revolutionizing green energy with sand batteries! Their Thermal Energy Storage (TES) system is changing the game, offering efficient and eco-friendly energy storage for zero-emission heating in agriculture and industry.

“For the last 20 years, we have supported 1,200 companies working in this energy and climate space across 13 different countries. Our mission is to build hundreds of companies in each country, helping our industry leaders to decarbonize their businesses.”

–Stanley Ng, Global Partnerships Director at New Energy Nexus.

Stanley Ng, Global Partnerships Director at New Energy Nexus

Stanley Ng, Global Partnerships Director at New Energy Nexus

 

New Energy Nexus Thailand has supported clean energy innovators since 2017, and fostered a thriving ecosystem for startup teams dedicated to tackling rising energy demands and climate change. Our programs empower entrepreneurs to drive innovation in the clean energy sector, with corporate partnership a critical strategy to decarbonising the broader economy.

Learn more about NEX Thailand and check out our climate tech ecosystem mapping report.

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

image (15)

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

Follow NEX on LinkedIn, X, Facebook, and YouTube