This Research Note examines Synergy Efficiency Solutions (Synergy), an Indonesian energy efficiency firm offering energy savings performance contracts and cooling-as-a-service. We review the company’s Energy Service Company (ESCO) business model, its disclosed funding, deployments, partnerships and review the extent of the Indonesian market’s adoption of energy efficient technologies. Synergy Efficiency Solutions Profile Synergy Efficiency Solutions is an energy efficiency company based in Indonesia, founded in 2008. SES focuses on implementing energy-saving solutions across various industries, aiming to address the rising energy prices and demand in Indonesia. They utilize the Energy Service Company (ESCO) business model to provide services such as energy audits, building performance simulations, and financing for energy efficiency projects. Synergy has implemented numerous energy-saving projects for commercial and industrial businesses, contributing to the clean energy transition and climate change mitigation efforts in the region. The company operates primarily in Indonesia, with 250+ projects completed, mostly retrofits. Disclosed Funding In December 2021, Clime Capital, the […]
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