Cleantech Companies to Watch List Released

AC Biode is honored to announce its selection as one of the standout companies in Cleantech Group’s debut quarterly ‘Companies to Watch’ feature. This prestigious recognition shines a light on innovative companies in the Asia-Pacific region, showcasing their contributions to the global sustainability movement. Thank you Richard Youngman (CEO of Cleantech Group) for making this happen.

Innovation in Green Energy Generation

AC Biode’s inclusion in the list highlights our commitment to advancing green energy generation from organic waste. As one of the recipients of the East Ventures and Temasek Foundation’s ‘Climate Impact Innovations Challenge’ award, AC Biode stands alongside other groundbreaking companies like SunGreenH2 and Hydrogen Refinery. Our innovative approach to recycling palm oil waste with hydrolysis allows not only the reduction of landfill and incineration, but at the same time, produces sustainable hydrogen. Read more about the project here.

International Recognition

Avina Sugiarto, Partner at East Ventures, emphasized the significance of our work in her contribution to the Cleantech Group’s feature. By spotlighting AC Biode, she has drawn attention to the critical need for sustainable energy solutions that address both local and global environmental challenges. Our technology transforms organic waste into valuable energy resources, positioning us at the forefront of the green energy revolution.

Highlighted Companies in the APAC region

In addition to AC Biode, the inaugural ‘Companies to Watch’ feature by Cleantech Group includes seven other innovative companies:

1. SunGreenH2 (Indonesia)
   • Focus: Producing cost-effective hydrogen with 200% efficiency and a 20% higher energy-efficient electrolyzer.
   • Highlight: Provides hydrogen at $3/kg and reduces greenhouse gas emissions.
2. Hydrogen Refinery (Indonesia)
   • Focus: Ammonia-based fertilizers produced via plasma electrolysis of waste.
   • Highlight: Reduces up to 11 tons of greenhouse gas emissions per ton of fertilizer produced.
3. PhaBuilder (China)
   • Focus: Leading in PHA bioplastics with applications in packaging and 3D printing.
   • Highlight: Developing a 30,000-ton PHA facility in China, certified for low-carbon production.
4. Promethean Energy (India)
   • Focus: Enhancing manufacturing efficiency through low-grade waste heat recovery.
   • Highlight: Identified by Karthik Chandrasekar as a key player in sustainable infrastructure.
5. Terracarb (India)
   • Focus: Democratizing graphene to decarbonize industry by reducing costs.
   • Highlight: Promoted for its innovative approach to industrial decarbonization.
6. Thermistance (India)
   • Focus: Redefining energy use in cooling systems to eliminate energy-intensive processes.
   • Highlight: Noted for its impact on reducing energy consumption in cooling.
7. Sarla Aviation (India)
   • Focus: Air mobility innovations, particularly VTOL-capable aircraft.
   • Highlight: Partnering with Bangalore International Airport to create an eVTOL-friendly airport.
8. Green Gravity (New Zealand)
   • Focus: Gravity-based energy storage utilizing old mine shafts.
   • Highlight: Identified as a #Cleantech50toWatch company, offering economic and environmental benefits by repurposing redundant infrastructure.

Read the full press release here.

Additional Recognitions

We also wish to draw attention to the recently-released 2024 Climate Solutions Casebook by the Singapore Venture Capital Association (SVCA), which includes case studies of innovative companies invested in by SVCA members. This partnership with Cleantech Group further emphasizes the collective efforts in advancing climate solutions.

Download the full Report of all 50 Companies to Watch