Singapore-based energy-as-a-service (EaaS) infrastructure platform August Energy and Indian energy-efficiency firm Energeia announced a $100 million partnership on Wednesday to fund and deliver energy-efficiency infrastructure projects for commercial and industrial customers. According to reports from PTI, the platform, called August Energeia, will finance and deploy upgrades to energy-intensive infrastructure across cooling, heating, steam, compressed air, fuel switching and motor-driven systems. The partnership combines August Energy's institutional strengths in capital, techno-commercial structuring and business development with Energeia's capabilities in energy audits, engineering execution and on-ground sales to address one of the biggest barriers to commercial and industrial decarbonisation - the upfront capital required to modernise energy infrastructure.
The August Energeia platform will finance, implement and manage energy infrastructure with project economics linked to the performance and savings delivered, as reported by PTI. Under the Energy-as-a-Service model, factories and commercial buildings will be able to upgrade energy-intensive infrastructure spanning cooling, heating, steam, compressed air, fuel switching and motor-driven systems, as well as August Energy-led deployment of renewable energy across solar, wind and storage without making the upfront capital investment themselves. For the partnership, August Energy brings capital from European, Japanese and Asian institutional investors, including Aravest, Green Tower, Proparco, responsAbility and Aseem.
According to the companies' statement reported by PTI, August Energeia will target energy-intensive sectors including pharmaceuticals, automotive, food and beverages, chemicals, cement, steel, hospitality, healthcare, data centres, real estate investment trusts (REITs) and commercial real estate. The platform aims to remove upfront financial barriers that have historically limited adoption of energy-efficiency technologies in Indian industrial facilities. The partnership will focus particularly on cooling as a service (CaaS) for commercial and industrial customers across India, addressing the critical need for efficient cooling solutions in industrial operations.
As reported by PTI, Sookrit Malik, co-founder and chief executive officer of Energeia, explained that the technology to optimise and decarbonise Indian factories and buildings has been ready for years, but high upfront prices, energy savings uncertainty and L1 procurement mandates drastically limited adoption. The partnership shifts the financial model from high-risk CAPEX to predictable, performance-linked OPEX, removing upfront friction and delivering outcomes rather than selling products. Vishal Jain, co-founder and Head of India at August Energy, emphasised that energy infrastructure should increasingly be consumed as a service - with investment, technology and performance responsibility sitting with specialist operators, while customers focus their capital on growth.
