The twenty-first century has been dubbed the “environment century.” Across all industries, there is a general tendency toward environmentalism. Whether via the elimination of plastic straws in restaurants, the transfer to renewable energy sources, or the purchase of carbon offsets, society as a whole has seen an increase in sustainability. With the discussion over climate change intensifying in recent years, it is more critical than ever for businesses to seek ways to clean up the environment, not just through individual actions, but also via innovation, goods, and alternative energy solutions. A new age of invention and innovation in “green technology” (also known as “clean technology”) offers the opportunity of a healthier world – as well as the possibility of building enterprises capable of sustaining that health. This post lists down the startups working in renewable energy in Southeast Asia. These start-ups are reinventing the Renewable Energy business in a number of ways.

Let’s go through them in detail below:

• Ace Green Recycling: ACE Green is a technological business founded in Singapore in 2019, specialising in the recycling of battery materials. ACE has developed a commercially feasible and emission-free process for recycling Used Lead Acid Batteries (ULABs) and is also working on environmentally acceptable recycling solutions for Lithium-Ion batteries and other e-waste. Ace Green Recycling raised a total of $7 million in fundraising over the course of two rounds. Their most recent investment round was on Feb 17, 2022.
• Green Li-ion: Incepted in 2020, Green Li-ion is an ultra-clean technology that mitigates the precious metals industry’s and the environment’s existential threat. Its revolutionary deep recycling method is cleaner, faster, and four times more lucrative than conventional lithium-ion battery recycling, and it is the only technology capable of completely rejuvenating the battery cathode. Green Li-ion has raised $11.55 million in a Series A fundraising round headed by energy-tech venture capital firm Energy Revolution Ventures Limited.
• Xurya: On the one hand, Xurya is a renewable energy platform from Indonesia that connects commercial and industrial rooftop owners to solar lease products. On the other hand, investors have access to a consistent and secure investment in rooftop solar installations. Both are accomplished through a maintenance service that provides peace of mind to both parties. Xurya has raised $21.5 million in investment over the course of five rounds. Their most recent funding came in the form of a Series A round on December 13, 2021.
• SUN Energy: Another startup from Indonesia, Sun Energy is a developer of customized solar panel projects. SUN Energy establishes a “renewable energy ecosystem” via the development of technology-driven solutions for home solar, electric cars, mobility, and Renewable Energy Certificates. SUN Energy delivers comprehensive solutions, including project siting and permitting, finance, market development, and solar leasing. On Nov 23, 2021, SUN Energy obtained $25,000,000 Series A funding from TBS Energi Utama.
• AC Energy: AC Energy was incepted in 2011, and is Ayala’s energy platform. Ayala is one of the world’s greatest corporate conglomerates. AC Energy is one of the fastest growing energy firms in the Philippines and around the region, with over $1 billion in invested and committed equity in renewable and thermal energy. By 2025, the firm intends to reach 5 GW of attributable capacity and to produce at least 50% of its energy from renewable sources.
• SunSeap: Sunseap is a Singapore-based solar and renewable energy company. Sunseap was founded in 2011 with the goal of diversifying the energy portfolio via cost-effective models and techniques. Sunseap is a one-stop shop for renewable energy solutions, including finance, development, design, engineering, and construction. Sunseap’s unique position as an Energy Market Authority (EMA) certified Power Wholesaler and Electricity Retailer has allowed it to create two distinct business models: solar leasing and clean electricity delivery.
• Cleantech Solar: Cleantech Solar is a pan-Asian solar developer focused on investing in, owning, and operating solar photovoltaic (PV) projects. Founded in 2014, Cleantech Solar is a sustainable energy supplier to businesses in Southeast Asia and India, integrating worldwide skills with unmatched responsiveness and agility. Cleantech Solar is focused on implementing high-quality rooftop solar projects for Fortune 100 and Tier 1 local businesses without relying on government subsidies.
• Sun Electric: Incepted in 2013, Sun Electric Group is a solar energy technology company that specialises in urban solar solutions and energy management services. Sun Electric is Singapore’s first fully licensed retail enterprise for solar energy. Sun Electric is redefining how people use energy by linking rooftop owners to clean energy consumers through a patented power supply and energy management technology that effectively integrates solar energy into a city’s energy mix.
• Distributed Energy: Distributed Energy is a platform for the creation and aggregation of renewable energy projects. It was put up in Singapore in 2019, and links renewable energy companies with investors. They are seasoned platform aggregators that have teamed together to facilitate renewable energy projects in poor countries. On its marketplace, the Distributed Energy platform assesses, filters, and offers fundable projects. Investors may show an interest in legitimate investment possibilities. Their smart contracts and blockchain technology provide a secure connection between different parties, automating payment processing. Additionally, they give continuous reports on the asset’s performance.
• Solar AI Technologies: Solar AI Technologies is a Singapore-based software company that specialises in providing building intelligence for rooftop solar systems. Founded in 2020, Solar AI discovers untapped roofs and digitises transactions to enable capital deployment in rooftop solar projects. Solar AI Technologies is a seed stage company sponsored and fostered by ENGIE Factory, the ENGIE Group’s specialised venture arm in Asia-Pacific. Solar AI Technologies’ objective is to hyperscale distributed solar deployment and transition to 100% reliance on renewable energy by changing the way rooftop solar is marketed.

Conclusion

A major problem for our age is climate change, which is accompanied by a worldwide shift of the energy system. A number of ongoing attempts have been undertaken in the past to address the issue, which has already resulted in a significant rise in the use of smart energy technology in recent years. In the wake of this, the costs of renewable energy, energy-efficient technologies, and their associated hardware have plummeted, and renewable energy prices are now on the verge of being competitive with fossil fuels. Rather than the availability of hardware and the cost of hardware, the current barrier for smart energy solutions is the absence of creative software and business models that are required to expedite the implementation process. We think that the digital domain, as well as its entrepreneurs, will be the primary disruptors in the energy industry, resulting in significant new advancements occurring quickly.