Ampotech Selected for the Building Energy Challenge
Image: New Energy Nexus
Ampotech is one of 10 global energy startups selected as finalists for the Building Energy Challenge 2020. The program, organized by New Energy Nexus and co-sponsored by the Asian Development Bank's ADB Ventures, attracted over 130 applications from companies hailing from 32 countries.
The program brings together innovative early stage companies and corporations in commercial property and energy intensive industries with the aim of accelerating adoption of energy efficiency solutions in Southeast Asia. Through one-on-one matchmaking sessions, pilot projects, and interaction with ADB Ventures and other investors the Building Energy Challenge 2020 will help ASEAN countries reach their target of increasing energy efficiency 20 percent by 2020 and 30 percent by 2025.
Ampotech is a Singapore-based technology company that provides connected hardware and data analytics software enabling smarter energy and facilities management in buildings.
About New Energy Nexus
New Energy Nexus is an international non-profit that supports clean energy entrepreneurs with funds, accelerators, and networks. We started in California and also operate programs in China, India, Southeast Asia, and East Africa.
About ADB Ventures
The Asian Development Bank (ADB) established ADB Ventures in January 2020 to invest in companies offering impact technology solutions that contribute to the Sustainability Development Goals in Asia and the Pacific.