US non-profit investor New Energy Nexus seeks to kickstart Indonesia’s clean energy sectors

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With a “patient capital” approach to investments and a variety of programs, New Energy Nexus hopes to show that startups can lead the way in renewables and smart energy

 Within two years of entering the Southeast Asian market, New Energy Nexus has created a $4m clean energy seed fund for its Indonesian incubation and acceleration programs and made its first investment in Bina Lintas Usaha Energi (BLUE), a startup that runs the Warung Energi e-commerce marketplace, selling solar power equipment.Diyanto Imam, Accelerator Program Director of New Energy Nexus Indonesia, who spoke to CompassList recently via an online call, said the company is investing time and energy in Indonesia because the country “does not lack founders with interesting vision and ideas....
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