Sustainability Economics, a global provider of end-to-end net-zero solutions for industries with high emissions, has announced a partnership with PT SUCOFINDO, a state-owned company in Indonesia that supports government policies and capacity building. The partnership aims to accelerate the transition of coal-fired power plants (CFPPs) to clean energy sources across Indonesia, using Sustainability Economics’ unique CLEM (Clean Energy Mechanism). CLEM provides an end-to-end solution designed to make the transition process profitable.

Singapore , July 26, 2024 —

Founded in 1956, PT SUCOFINDO is a joint venture between the Indonesian government and SGS, based in Geneva, Switzerland. As Indonesia’s first inspection company, PT SUCOFINDO actively collaborates with Indonesian policymakers, CFPP asset owners, power purchasers, and financial institutions to accelerate clean energy transitions nationwide.

Sustainability Economics, headquartered in Singapore and the US with a major development center in Bangalore, India, delivers comprehensive net-zero solutions for global businesses across high-emission sectors. The company’s CLEM (Clean Energy Mechanism) is a pioneering end-to-end solution for accelerating clean energy transitions globally.

Kasu Venkata Reddy, Co-Founder/CEO of Sustainability Economics, said, “We are thrilled to partner with PT SUCOFINDO in our shared mission to accelerate the clean energy transition across Indonesia. This collaboration demonstrates our strong commitment to achieving net-zero goals globally.”

Budi Utomo, Director of Industrial Services at SUCOFINDO, stated, “Our partnership with Sustainability Economics will enhance our competence and end-to-end services with a global presence, adding value to the Independence Power Producers’ energy transition agenda towards net-zero emissions, aligned with the principles of fairness and affordability.”

CLEM – Practical & Crafted Approach

Coal-fired power generation remains a major contributor to global carbon emissions. Asia, in particular, has a high concentration of relatively new CFPPs, with an average age of less than 15 years. To address this challenge, CLEM, a unique and tailored clean energy transition solution, utilizes a practical data-driven approach. It collaborates with CFPP asset owners, power purchasers, and policymakers to connect the dots and automate, simplify, and scale the clean energy transition process.

CLEM VISION: MAKING ENERGY TRANSITIONS PROFITABLE

CLEM’s vision is to make energy transition not only practical but also profitable for CFPP asset owners and financiers. Employing a cutting-edge, data-driven approach, CLEM’s custom-made solutions provide the most effective and strategic clean energy transition planning while ensuring profitability through a hands-on approach.

CLEM STRATEGY:

Key outcomes: 

Current state discovery – Data-driven extraction of technical and financials of the current state of CFPP 

Transition planning – Practical location/country-specific transition plan (phased approach) by collaborating with CFPP owners, power purchasers, financial institutions and policymakers. 

Economic gap – Practical data-driven mechanism to pinpoint the exact amount of money CFPP owners have to forego as part of the transition.  

Energy mix – Model-driven approaches covering region/country-specific policies to identify potential clean energy source technologies and associated costs along with financial analysis. Building clean energy source technologies working with region/country-specific partners.  

Transition finance – Data-driven, practical approach to identify transition financing requirements with clear timelines covering different business models. Constructing transition financing requirements by using innovative global financial instruments to make the transition profitable and working with our equity, debt global financial partners to raise funds.  

Blockchain-driven Marketplace – Source the right clean energy source technology by working with clean energy source developers to expedite the transition.  

Financial analysis – Provide detailed financial analysis with innovative transition financing instruments and transition credit cash flows for both equity and debt players. 

Summary – Demonstrate profitability with transitions by comparing different options for CFPP owners and financial institutions. 

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CONTACT: Sustainability Economics: 
Suzanne Linville
Communications manager
Phone: +720.708.9806
Email: suzanne@sustainabilityeconomics.com
Website: www.sustainabilityeconomics.com