From a field of more than 10,000 companies, REDEX has been selected to the Indo-Pacific Climate Tech 100, a list of the top 100 startups and young companies (less than 15 years old) focusing on Climate Technology or Clean Energy in the Indo-Pacific region.
This list of 100 innovative climate tech companies was compiled to advance the Indo-Pacific Economic Framework’s (IPEF) mission to accelerate clean energy investment to the world’s largest, most dynamic, and fastest-growing region, the Indo-Pacific.
As a member of this prestigious list, REDEX will have the opportunity to meet more than 100 leading investors, philanthropies and financial institutions for in-person meetings and presentations at the IPEF Clean Economy Investor Forum, held from 5th to 6th June 2024 in Singapore.
REDEX Founder and CEO Mr Kang Jen Wee said, “Being named to the Indo-Pacific Climate Tech 100 is an honour and affirms REDEX as an innovative technological enabler of decarbonisation and the global net zero goal. REDEX is committed to enhance the Renewable Energy Certificate (REC) market locally, regionally and globally, providing a one-stop ecosystem that enables organisations to adopt the use of renewable energy conveniently.
“We appreciate and applaud HolonIQ for compiling the list to promote clean energy investment, and thank the judges for providing invaluable time and effort to evaluate our participation. We look forward to meeting potential investors and forging fruitful collaborations to accelerate the global transition to net zero.”
To compile the list, more than 10,000 climate tech companies – spanning across biosphere, food systems, circular economy, carbon markets, data and finance, resources, renewables, storage, and distribution, built environment and mobility – were reviewed.
For inclusion in the Indo-Pacific Climate Tech 100, companies were evaluated on five criteria:
- Market: the size of the market company operates in, forecast demand, historic and projected growth rates, and industry concentration.
- Product: the quality and uniqueness of the company’s product/solution, the demonstrated product-market fit, and whether it fulfils a core market or customer need.
- Team: the leadership team has demonstrated expertise, depth and diversity
- Momentum: the company has demonstrated positive and continuous growth in metrics such as customers, employees, recognition and outcomes.
- Maturity: The company is at a level of maturity, often measured by size, scale, impact, funding and customers.
The Climate Tech 100 was supported by the Indo-Pacific Partnership for Prosperity (IP3), a non-profit, non-governmental organisation dedicated to catalysing investment to the Indo-Pacific to advance economic growth, sustainability, and inclusivity in the 14 IPEF partner countries.
“For global companies and investors, strengthening ties in the Indo-Pacific is a necessity. As the fastest growing and most dynamic region in the world, there is incredible demand for new investments,” said David Talbot, Executive Director of IP3. “Platforms like the Clean Economy Investor Forum are key for bringing investors and companies face-to-face to build trust, develop the project pipeline, and cut deals that meet that demand through sustainable projects and developments. As the link between private capital and the Indo-Pacific, IP3 looks forward to continuing to work with investors, companies, and IPEF partner economies to spur investments that enable the region to meet its climate goals.”
The IPEF Investor Forum is a key initiative under the IPEF Clean Economy Agreement, bringing together the region’s top investors, philanthropies, financial institutions, innovative companies and entrepreneurs to mobilise investments into sustainable infrastructure, climate technology and renewable energy projects. The Investor Forum will also examine ways to promote conducive business environments for scaling up clean technology and infrastructure investments in the region. More information can be found at: www.IPEFinvestorforum.org.
For the full list of Indo-Pacific Climate Tech 100 companies, click here.
About REDEX
REDEX provides innovative technological solutions that enable companies to adopt renewable energy with ease. Headquartered in Singapore, REDEX developed and operates Asia’s leading trading platform for Renewable Energy Certificates (RECs). We offer a one-stop ecosystem for RECs, supporting clients through the full REC lifecycle – asset registration, verification, marketplace and retirement.
Committed to accelerate the global transition towards clean, green and renewable energy, REDEX won the 2023 Emerging Enterprise Sustainability Award in Singapore.
Discover more at www.redex.eco.
About the IPEF Clean Economy Investor Forum
The IPEF Clean Economy Investor Forum (“Investor Forum”) is a key initiative under the IPEF Clean Economy Agreement. It brings together the region’s top investors, philanthropies, financial institutions, innovative companies and entrepreneurs, and mobilises investments into sustainable infrastructure, climate technology and renewable energy projects. The Forum will also examine ways to promote conducive business environments for scaling up clean technology and infrastructure investments in the region. More information can be found at: www.IPEFinvestorforum.org. The inaugural Investor Forum is taking place in Singapore on 5 – 6 June 2024.
About the Indo-Pacific Economic Framework
The Indo-Pacific Economic Framework for Prosperity (IPEF) was launched in May 2022 and currently includes 14 partners – Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, the Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, United States and Vietnam. It provides a platform for countries in the region to collaborate on advancing resilient, sustainable, and inclusive economic growth, and aims to contribute to cooperation, stability and prosperity in the region. The IPEF comprises four pillars of cooperation namely: Trade, Supply Chain, Clean Economy and Fair Economy.
About the Indo-Pacific Partnership for Prosperity (IP3)
The Indo-Pacific Partnership for Prosperity (IP3) is a non-profit, non-governmental organization dedicated to mobilizing capital and expertise to advance economic growth, sustainability, and inclusivity in the fourteen partner countries of the Indo-Pacific Economic Framework (IPEF). IP3 is a collaboration of prominent global public, private, and non-profit leaders who are committed to deepening mutually beneficial economic and commercial relationships across the Indo-Pacific. IP3 works with partners to strengthen the resilience of critical supply chains, accelerate the energy transition, and bolster workforce development and upskilling.
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