New Energy Nexus progress report 2023

Background

New Energy Nexus (NEX) is a global non-profit organization dedicated to fostering innovation and adoption of clean energy technologies. We are supporting NEX in Indonesia to establish a policy and regulatory framework that cultivates the growth of clean energy technology startups.

NEX has a good global track record as well as strong results from supporting clean energy startups in Indonesia. As energy needs in Indonesia continue to rise alongside an expanding coal sector, the intervention provided by NEX is both timely and crucial. To facilitate investment in decarbonization, the business environment for clean energy companies needs to improve. NEX contributes to this improvement by creating a space for a dialogue between startups, policy-makers and investors.

Progress

In 2023, through the support of the CTF, NEX made significant strides in bridging the gap between clean energy startups and policy-making entities. They engaged intensively with multiple ministries and government agencies, both at national and sub-national levels, and hosted a roundtable discussion in Jakarta that brought together a huge number of stakeholders from diverse backgrounds. This event provided a unique platform for cleantech startups to directly interact with government officials, a rarity in the current landscape.

The project also saw a successful increase in the visibility of cleantech startups in Indonesia, with meaningful conversations about government support for the cleantech startup ecosystem in the country. This has led to a positive shift in the awareness and understanding of the role of cleantech startups in the Indonesian energy sector. In 2024 NEX plans to continue its policy advocacy activities and expand its work to more provinces.