Skip to content
  • About
  • Partner with Us
  • Press Release Guidelines
  • Op-ed Guidelines
  • Indonesia
Primary Menu
  • Home
  • Latest
  • News
  • Brief
  • Interview
  • Opinion
  • Figure
  • Youth
  • SDGs
  • Topics
  • #LetterfromtheFounder
  • Featured
  • News

New Energy Nexus Supports Indonesian Startups for Clean Energy with Equity

NEX has recently added four early-stage clean energy startups in Indonesia to their funding initiatives: Synergy Efficiency Solutions (SES), SWAP, Xurya, and Powerchain.
by Nazalea Kusuma April 7, 2022
rooftop solar panel by xurya

Xurya's Solar Panels | Photo by Xurya

The transformation to a more sustainable everything is happening right now. This shift is both a necessity and a demand, and all sectors must adapt and innovate. When talking about sustainability and mitigating the challenges of climate change, renewable energy is crucial. On top of that, clean energy must be accessible to everyone everywhere, including in Indonesia. 

Indonesia may have a lot of potential in shifting to a green and inclusive economy. According to the Ministry of Energy and Mineral Resources, Indonesia has up to 400,000 Megawatt (MW) renewable energy potential, with solar and hydropower targeted for priority development.  

The International Energy Agency (IEA) predicts that global renewable power capacity growth will accelerate in the next five years. However, this growth must go up to 80% higher than the current forecasts to achieve net-zero. 

New Energy Nexus for Clean Energy with Equity

New Energy Nexus (NEX) is an international organization that supports diverse clean energy entrepreneurs with funds, accelerators, and networks. It started in California and operated programs in Indonesia, China, India, Southeast Asia, and East Africa. 

Since 2019, NEX Indonesia has provided funding to 16 startups. NEX Indonesia’s goal is aligned with the Indonesian government’s goal to reach 23% renewable energy source in 2025. 

“We aim to bridge early-stage fundings gaps for clean energy and climate innovation startups in Indonesia, which we see as a major gap in Indonesia,” said NEX Indonesia Program Director Diyanto Imam. He added, “Our goal is to accelerate Indonesia’s clean energy transition and support the government’s commitment to addressing climate change.”

NEX Indonesia’s Newly Supported Startups

NEX has recently added four early-stage clean energy startups in Indonesia to their funding initiatives, Indonesia 1 Fund and Smart Energy Grant. The startups are Synergy Efficiency Solutions (SES), SWAP, Xurya, and Powerchain.

The Indonesian 1 Fund is a catalytic investment vehicle supported by IKEA Foundation. It provides funding for early-stage (Pre-Seed to Series A) renewable energy startups and entrepreneurs that generate strong economic, social, and environmental impacts. 

Through the Indonesian 1 Fund, NEX Indonesia has co-invested with SEACEF in SES (Synergy Efficiency Solutions). Led by Kejora-SBI Orbit, the Indonesia 1 Fund has co-invested in SWAP for Indonesia’s first smart battery-swapping network to accelerate the adoption of electric vehicles. It has also co-invested in Xurya, the solar PV startup with the largest Series A funding for a clean energy startup in Indonesia. 

Meanwhile, Smart Energy Grant is non – commercial funding to support and develop prototype and product-market fit, which is useful to validate business ideas. 

Smart Energy Grant’s latest addition is Powerchain for its latest pilot project, “Konde”, an LED smart lighting product designed for street lighting. This project can potentially reach 14 thousand installations in Java Island and West Nusa Tenggara by the second quarter of 2022.

Source: New Energy Nexus

Thank you for reading!
If you find this article insightful, subscribe to our Weekly Newsletter to stay up-to-date with sustainable development news and stories from multistakeholder communities in the Asia Pacific and beyond.
SUBSCRIBE NOW
Photo Profile Nazalea Kusuma
Nazalea Kusuma
Editor at Green Network | Website | + posts

Naz is the Manager for Editorial Asia at Green Network. She performs the role of Editor for Green Network Asia and Reviewer for Green Network ID.

  • Nazalea Kusuma
    https://greennetwork.asia/author/nazalea/
    5 Animal Conservation Efforts in Asia
  • Nazalea Kusuma
    https://greennetwork.asia/author/nazalea/
    Advancing Sustainability Education with Greening Education Partnership
  • Nazalea Kusuma
    https://greennetwork.asia/author/nazalea/
    Halting the Exploitative Shark Fin Trade
  • Nazalea Kusuma
    https://greennetwork.asia/author/nazalea/
    Health-Environment Nexus: How to support our health and environment simultaneously

Continue Reading

Previous: Protecting Indonesian Domestic Migrant Workers in Malaysia Through Renewed Agreement
Next: How the Vietnam Water Crisis Affects Children

Related Stories

WeGotThis poster #WeGotThis Invites ASEAN Youths to Advance Youth Engagement in Sustainability
  • Featured
  • News

#WeGotThis Invites ASEAN Youths to Advance Youth Engagement in Sustainability

by Nazalea Kusuma May 26, 2023
two persons holding hands Addressing the Mental Health Gap in Bangladesh
  • Featured
  • News

Addressing the Mental Health Gap in Bangladesh

by Kresentia Madina May 25, 2023
three wooden blocks with illustrations and one globe Cambodia Partners with PAGE for Green Economy Transition
  • Featured
  • News

Cambodia Partners with PAGE for Green Economy Transition

by Kresentia Madina May 24, 2023
Ulet Ifansasti photographing the wildfire in Central Kalimantan in 2019 | Photo: Fully Syafi. Iklimku: How Climate Photography Can Tell Stories Beyond Words
  • Featured
  • Interview

Iklimku: How Climate Photography Can Tell Stories Beyond Words

by Abul Muamar May 23, 2023
two snow leopards 5 Animal Conservation Efforts in Asia
  • Brief
  • Featured

5 Animal Conservation Efforts in Asia

by Nazalea Kusuma May 22, 2023
A group of little boys and girls studying together outside at a park Advancing Sustainability Education with Greening Education Partnership
  • Featured
  • News

Advancing Sustainability Education with Greening Education Partnership

by Nazalea Kusuma May 19, 2023
  • Latest
  • Popular
  • Partner
  • WeGotThis poster #WeGotThis Invites ASEAN Youths to Advance Youth Engagement in Sustainability
    • Featured
    • News

    #WeGotThis Invites ASEAN Youths to Advance Youth Engagement in Sustainability

  • two persons holding hands Addressing the Mental Health Gap in Bangladesh
    • Featured
    • News

    Addressing the Mental Health Gap in Bangladesh

  • three wooden blocks with illustrations and one globe Cambodia Partners with PAGE for Green Economy Transition
    • Featured
    • News

    Cambodia Partners with PAGE for Green Economy Transition

  • Ulet Ifansasti photographing the wildfire in Central Kalimantan in 2019 | Photo: Fully Syafi. Iklimku: How Climate Photography Can Tell Stories Beyond Words
    • Featured
    • Interview

    Iklimku: How Climate Photography Can Tell Stories Beyond Words

  • two snow leopards 5 Animal Conservation Efforts in Asia
    • Brief
    • Featured

    5 Animal Conservation Efforts in Asia

  • The green landscape of Semakau Island in Singapore Semakau Island, the Green Landfill in Singapore
    • Featured
    • News

    Semakau Island, the Green Landfill in Singapore

  • Indonesian spices as cultural heritage Enthusiasts Reclaim Spices’ Cultural Heritage, Launch Spice Hub Indonesia
    • Featured
    • News

    Enthusiasts Reclaim Spices’ Cultural Heritage, Launch Spice Hub Indonesia

  • illustration of National SDG tracker by Unescap UNESCAP Supports “Build Back Better” with the National SDG Tracker
    • Featured
    • News

    UNESCAP Supports “Build Back Better” with the National SDG Tracker

  • Beena Rao and Her Fight for Education for the Children of the Slums
    • Figure

    Beena Rao and Her Fight for Education for the Children of the Slums

  • Muslimat NU of Bojong-Tegal Campaigns Environmental Protection, Reduces Waste Production
    • Featured
    • News

    Muslimat NU of Bojong-Tegal Campaigns Environmental Protection, Reduces Waste Production

  • green big containers, blue building, and large tube at Hamparan project site B-Corp Certified Gree Energy’s Commitments for Food Industry Decarbonization
    • Featured
    • News
    • Partner

    B-Corp Certified Gree Energy’s Commitments for Food Industry Decarbonization

  • the TEPI Talks #4 event poster Media Engagement Workshop for Sustainable Grassroots Movements by Women’s Earth Alliance Indonesia
    • Featured
    • News
    • Partner

    Media Engagement Workshop for Sustainable Grassroots Movements by Women’s Earth Alliance Indonesia

  • Bali Grows Arms for Stronger Economic Recovery
    • Brief
    • Featured
    • Partner

    Bali Grows Arms for Stronger Economic Recovery

  • The illustration of Harm Reduction with the fundamental purpose of upholding the safety and dignity of all people. An Introduction to Harm Reduction
    • Brief
    • Featured
    • Partner

    An Introduction to Harm Reduction

  • A young adult from we day ugm and three elementary schoolers planting mangrove seed. Photo is taken from above and shows only their heads and backs. WE Day UGM 2022: Raising Awareness on Climate Change and Encouraging Community Empowerment
    • Featured
    • News
    • Partner

    WE Day UGM 2022: Raising Awareness on Climate Change and Encouraging Community Empowerment

About Us

  • About
  • The Team
  • Partner with Us
  • Contribute to Our Mission
  • Press Release Guidelines
  • Op-ed Guidelines
  • Advisory Network
  • Youth Advisory Network
  • Author Network
  • Work with Us
  • Terms of Service
  • Privacy Policy
  • FAQ
  • Contact Us
  • Telegram
  • Etsy
  • Tokopedia
  • Media Link 11
  • Media Link 12
  • Media Link 13
  • Media Link 14
  • Media Link 15
© 2023 Green Network Asia