SINGAPORE – Industry players are tackling Singapore’s ambition to reduce carbon emissions in a range of ways, from calling on innovators to conjure up sustainability solutions to setting up incubation labs to help develop start-ups with an eco-friendly bent.
ENGIE Factory, the venture arm of ENGIE Asia-Pacific, and SC Ventures, the innovation and ventures unit of Standard Chartered, announced a Memorandum of Understanding (“MOU”) to jointly identify, validate, build and invest in new sustainability startups to catalyze the climate-tech ecosystem.
The MOU aims to combine Standard Chartered’s strengths in financial services and ENGIE’s expertise in low carbon energy solutions to create high growth ventures with innovative business models and financing solutions that help businesses in Asia and beyond achieve their net-zero targets.
“Our mission at ENGIE Factory is to accelerate the transition to zero carbon and we believe that entrepreneurship plays a key role in achieving this. We focus on building ventures with scalable business models that solve problems customers care about. We are excited to partner with SC Ventures who is equally committed to sustainability and leveraging the venture model to achieve this.” said Quentin Vaquette, Founder & Managing Director of ENGIE Factory.
“We’re excited to announce our collaboration with Engie Factory to jointly develop a sustainability proposition to accelerate Asia’s transition to zero carbon. The strategic partnership aims to combine SC Ventures strength in financial services and ENGIE’s expertise in low carbon energy solutions. Our first initiative will tackle a sustainability capability to enable MNCs to decarbonize their supply chains. This will be critical for the supply chain financing ventures which SC Ventures is incubating at the moment. Watch this space.” said Alex Manson, SC Ventures.
The collaboration between Standard Chartered and ENGIE Factory will open new business models that combine components of financial services and ready-to-deploy decarbonization solutions, leveraging the capabilities and resources of both organizations to accelerate development. In doing so, both companies aim to incentivize businesses and individuals to adopt solutions that reduce their carbon footprint.
We are a leading international banking group, with a presence in 59 of the world’s most dynamic markets and serving clients in a further 85. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.
Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges.
SC Ventures, the platform and catalyst for the Standard Chartered to promote innovation, invest in disruptive financial technology and explore alternative business models. Focused on “rewiring the DNA in banking”, SC Ventures aims to develop an innovation culture and mindset, deepen capabilities and experiment with new business models through an open platform and network of people and partnerships. It runs an eXellerator innovation lab network across Singapore, Shanghai, Hong Kong, London, Nairobi and San Francisco.
ENGIE Group is a global energy and services group that focuses on three core activities: low-carbon power generation (mainly based on natural gas and renewable energy), global networks of energy infrastructure and customer solutions (focused on smart cities). ENGIE Factory Asia-Pacific, the innovation arm of the ENGIE Group in Asia, has a mission is to accelerate the transition to a zero-carbon society by partnering with startups and aspiring founders who share the same drive to deliver real impact. We build, scale and invest in startups and individual founders who believe they can solve these global challenges.
Our group is a global reference in low-carbon energy and services. Together with our 170,000 employees, our customers, partners and stakeholders, we are committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by our purpose (“raison d’être”), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers.
Turnover in 2020: 55.8 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe, Euronext Vigeo Eiris – Eurozone 120/ Europe 120/ France 20, MSCI EMU ESG, MSCI Europe ESG, Euro Stoxx 50 ESG, Stoxx Europe 600 ESG, and Stoxx Global 1800 ESG).
SustainX is a SaaS platform designed to help financial institutions lower the cost of deploying sustainability-linked loans for the SME segment in ASEAN markets. The solution aims to address challenges for both FIs and SMEs by acting as the largest behind-the-scenes facilitator of Medium Enterprise decarbonisation projects.
EnShare works with REITs and multiple building owners in Australia to optimize rooftop solar and storage installation, as well as aggregate capacity for participation in Australian energy market. Building owners are able to meet ESG targets and receive revenue share
from energy sale to tenants, who in turn access green energy at up to 25% lower tariffs.
EVDots was a startup originally under ENGIE Factory that has now become part of a ComfortDelgro Engie JV that is dedicated to the roll out of EV charging infrastructure and supporting the transition to sustainable transportation. The goal is to provide the entire ecosystem, from renewable energy production to EV charging systems to electric vehicles on the road.
ORkA is an advanced digital system that easily allows customers to input their energy information – about their buildings, factories, and businesses – and get a clear and professional improvements report instantly. Then, depending on the ROI of each action plan the customer makes an informed decision to choose the best for them, ORkA also offers financing and deployment of the solution.
PHNXX is a modular microgrid solution that provides customers with reliable, sustainable and cost-effective power on demand to suit their unique energy consumption profiles. PHNXX solution offers multiple sources of renewable energy generation coupled with battery storage and managed by an integrated Smart Energy Management System to meet customer energy demands without relying on the grid.
Entarctic maximizes energy efficiency in cold warehouses by reducing the electricity bills of cold storage facilities by up to 30% while ensuring safe temperatures. Its solution is quick-to-install and instantly makes customers’ cold room more energy efficient and sustainable. It is installed with no disruptions to operations and delivered on a pay-as-you-save or buy-and-own model.
GetSolar is a digital-first solar company in Singapore and is one of the first in the region to provide zero upfront cost, rooftop solar-as-a-service for smaller commercial and residential property owners. Customers now have a way to get instant solar savings without putting any money down, and in a risk-free approach.
Carbon Compass is decarbonising the mining sector by aggregating energy-related data from mid-tier mine sites to accelerate their deployment of renewables. Carbon Compass’s digital solution creates different simulations of renewable energy assets to help miners optimise their energy stack with different configurations of renewables.
TablePointer is an energy management-as-a-service for food and beverage outlets. Decentralized facilities like food and beverage outlets in Asia use 4X more energy per sqm versus office buildings and profit margins are hit by over 15% from energy wastages. TablePointer’s intelligent energy and asset manager helps decentralized facilities optimize energy efficiency, monitor assets and upgrade profitability.
BillionBricks is developing solar housing communities by combining effective technologies for solar houses with renewable energy models. BillionBricks’ innovative design makes it possible to build net-zero homes to foster homebuyer inclusiveness and reduce the carbon emission of the built industry. Projects are being deployed now in the Philippines to create net zero communities.