EDBI invests $5m in Enlightened Inc for Singapore, Asia expansion

Singapore subsidiary has been created.

Enlighted Inc. has announced a strategic partnership with Singapore-headquartered investment firm EDBI to bring its advanced energy efficiency solutions to Singapore and other Asian markets.

Enlighted has created a subsidiary that will concentrate on customers in Singapore, Global 1000 customers with operations in the country, and eventually enterprises in the region. EDBI will also invest $5 million into Enlighted to help scale its global operations, including this new initiative in Singapore.

Situated on the equator and lacking natural resources, Singapore has implemented aggressive energy efficiency initiatives over the last several years, said bothe companies. They also cited how in a recent U.S. Energy Information Administration (EIA) study of the Singapore Electric Market Authority, the EIA found that natural gas fuels almost 80 percent of Singapore's electricity generation. Estimates show the building and manufacturing industries account for more than 80 percent of the country's total energy usage.

"Enlighted's Singapore operations are perfectly positioned to ride Asia's rapid urbanization wave, and leverage EDBI's extensive networks to propel its regional growth," said Ms. Swee-Yeok CHU, President & CEO of EDBI, "Their presence dovetails into Singapore's Smart Sustainability City plans, and enhances the development of urban energy efficiency solutions, such as, real-time demand response and occupancy management."

"Due to the high cost of electricity in Singapore there is an excellent opportunity for Enlighted solutions to play a key role in helping Singapore-based companies dramatically reduce energy costs," stated Tushar Dave, CEO of Enlighted. "Our solutions, which are easy to install and integrate with both existing and future building systems, will enable commercial building owners and operators to fine tune both operations and energy efficiencies across their building or their entire real estate footprint."

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

You're the reader we write for. You're also the person our partners want to reach.

If that sentence describes you — a founder, a C-suite, someone whose attention companies pay good money for — then you already understand why SBR works. We've spent twenty years earning the trust of readers exactly like you. Which is exactly what makes this an interesting place for your company to show up, too.

The ways it can show up are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The right fit depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If your company has something this audience should know about, we'd like to hear what you're working on.

No rate cards until we understand the brief. It's a better use of everyone's time.

Top News

30 One-Sentence Stories From People Who Have Built Better Habits
None of these stories are mine. They were sent to me by readers of Atomic Habits. My hope is that these examples will illustrate how real people are putting the book into practice. They will show you what people are actually doing to build good habits and break bad ones. And hopefully, they will spark some ideas for how you can do the same.
SBR 5 Lorem Ipsum News 2 [8 May]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
SBR 4 Lorem Ipsum [8 May Top Stories]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Exclusives

How Experts Figure What to Focus On
eliminate the distractions. Commit to one thing and become great at that thing.”
Exclusive three SBR 12 Lorem Ipsum [8 May]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
SBR 3 Lorem Ipsum [ Exclusive 2]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Event News

Video [Event News]
Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley