Energy transition in Indonesia presents a dual challenge for the country—the largest economy in Southeast Asia—as it works to secure a reliable energy supply while meeting its commitment to achieve Net Zero by 2060. This challenge also creates a major opportunity for green tech startups like Ampotech, a Singapore-based company, to help solve energy efficiency issues across a nation of more than 270 million people through smart, scalable solutions.

The Reality and the Challenges: Data That Speaks

1. Emissions & National Commitment

• Indonesia’s energy transition is shaped by a growing urgency to reduce emissions while sustaining economic growth. According to the Statistical Review of World Energy 2024 published by the Energy Institute, emissions from Indonesia’s energy sector reached 701.4 million tons of CO₂ equivalent in 2023, ranking the country as the sixth-largest energy-related greenhouse gas emitter globally, behind China, the United States, India, Russia, and Japan.
• In response, Indonesia has made strong national commitments to accelerate its energy transition. To meet its Net Zero Emissions (NZE) 2060 target, PLN, the country’s state-owned electricity company, is redesigning its Electricity Supply Business Plan (RUPTL). Under the updated plan, PLN aims to add 100 GW of new electricity capacity by 2040, with 75% (75 GW) coming from renewable energy sources—signaling a clear strategic shift toward cleaner energy.

2. Implementation Gap

Despite these ambitions, the implementation gap remains a critical challenge in Indonesia’s energy transition. The national target of achieving a 23% renewable energy mix by 2025 has not been met. Data from the Ministry of Energy and Mineral Resources (ESDM) shows that only 14% had been achieved by 2024. As a result, the National Energy Council is now considering revising the target downward to 17%, reflecting updated economic growth assumptions and real-world deployment constraints. assumptions.

3. Investment Flows

• Investment trends further illustrate both momentum and imbalance within the energy transition landscape. In 2024, Indonesia’s financial sector attracted the highest level of investor funding at US$324.5 million. Greentech ranked second, securing US$147.6 million (approximately Rp2.4 trillion), ahead of sectors such as direct-to-consumer, agriculture, and e-commerce. Notably, within greentech, renewable energy startups captured nearly 80% of total funding, or US$117.9 million, surpassing electric vehicle startups in total investment. This reflects growing investor confidence in renewable energy as a core pillar of Indonesia’s energy transition.

• Notably, within greentech, renewable energy startups captured nearly 80% of total funding, or US$117.9 million, surpassing electric vehicle startups in total investment. This reflects growing investor confidence in renewable energy as a core pillar of Indonesia’s energy transition.

4. Expanding Infrastructure and Policy Support

Progress is also visible in infrastructure development and policy-backed projects. In November 2023, PLN inaugurated the Cirata Floating Solar Power Plant, with a capacity of 192 MWp, making it the largest floating solar facility in Southeast Asia. The project is expected to reduce 214,000 tons of CO₂ emissions annually, representing a significant milestone in the country’s clean energy roadmap.

Taken together, these figures show that Indonesia has entered a fast-moving and decisive phase of its energy transition, where policy ambition, capital flows, and infrastructure expansion are converging. At this pivotal moment, technology-driven solutions become essential to closing the gap between targets and execution—and this is where Ampotech steps in, supporting Indonesia’s transition from ambition to measurable impact.

Ampotech: From Singapore to Southeast Asia

Founded in 2014, Ampotech develops IoT- and AI-powered solutions to monitor and optimize energy usage. Its platform delivers real-time data on electricity consumption, enabling commercial and industrial businesses to:

• Identify energy waste
• Improve operational efficiency
• Lower electricity costs
• Reduce carbon emissions

Since 2020, Ampotech has proven its capabilities in demanding markets like Singapore and Malaysia. By early 2025, the company successfully closed its Series A funding round to expand into Indonesia and Vietnam, with a clear mission to support local businesses on their energy-saving and green transition journey.

“Our products are much more operationally flexible, allowing us to reach small and medium-sized businesses. As a developer, we can control many aspects of our hardware and software products, allowing us to offer more affordable prices”— William Temple, CEO, Ampotech

A Perfect Fit for Indonesia

Ampotech brings a solution uniquely suited to Indonesia’s context:

• Low upfront cost: ideal for small and medium-sized businesses
• Easy deployment: no need to change existing electrical infrastructure
• Transparent and user-friendly data: supports ESG reporting and energy performance tracking

With support from the PLN Digital Innovation program and Tech in Asia, Ampotech has not only demonstrated the feasibility of its technology but also established a strong foundation to become a trusted partner in Indonesia’s energy transition journey.

Link for downloading the full report (Indonesian only): HERE

In the report, you can find:

• A comprehensive overview of energy startups in Indonesia;
• Data on the landscape and trends of startup investment in Indonesia, Southeast Asia, and globally.
• Inspiring successful stories of greentech startups in the world (ZeroAvia, Ampotech, Enapter, Zunocarbon)
• Discussion of the challenges faced by greentech startups and strategies to overcome them;
• PLN’s vision as a global company and its role in supporting energy innovation.