Gree Energy lands $3.2M in pre-series A funding

In Indonesia, Gree Energy has secured $3.2 million in a pre-series A funding round led by Earthcare Group.

Established in 2013, Gree Energy empowers the food industry to cut methane emissions and treat industrial wastewater in emerging countries by implementing on-site biogas facilities. Gree makes biogas solutions financially viable by unlocking access to carbon credit markets, green finance, and renewable energy markets.  Gree’s proof of concept, the Hamparan project, located in Lampung on Sumatra Island, is a testament to the potential scale for Gree’s impact model to contribute towards decarbonizing food industries for emerging countries. The project is already reducing more than 30,000 metric tons CO2eq emissions annually and generating almost 10 GWh per year of clean and reliable energy for 19 villages in Lampung, Indonesia.

More than 1,250 food processors in Indonesia have yet to be equipped with adequate wastewater treatment solutions. This untapped potential represents an opportunity to avoid 50 million tons of CO2eq emissions per annum and provide 40 TWh of clean energy. In parallel, by 2030, Indonesia aims to increase the share of renewable electricity from 13,5% in 2021 to 34% and reduce carbon emissions by almost 32% with its own efforts (43.2% with international assistance). Biogas is one of the key cornerstones for addressing this twin challenge. Harnessing Indonesia’s biogas potential will require more than US$2 billion in investments for biogas wastewater treatment facilities. This will unlock more than $3 billion in investment in distributed biogas energy asset development.