Singapore-headquartered energy-as-a-service (EaaS) infrastructure platform August Energy and Indian energy efficiency company Energeia have formed a $100-million partnership to fund and deliver energy efficiency infrastructure projects across India.
The partnership, called August Energeia, will focus particularly on cooling-as-a-service (CaaS) solutions for commercial and industrial (C&I) customers.
The partnership combines August Energy’s capabilities in capital, techno-commercial structuring and business development with Energeia’s expertise in energy audits, engineering execution and on-ground sales. It aims to address the upfront capital required by commercial and industrial customers to modernise their energy infrastructure.
Through the dedicated August Energeia platform, August Energy will bring capital from European, Japanese and Asian institutional investors, including Aravest, Green Tower, Proparco, responsAbility and Aseem, as well as experienced operators and the ability to support customers across India and Southeast Asia.
Energeia will contribute its IoT-based energy audit capabilities to develop investment-grade efficiency projects across emerging markets, as well as an AI-enabled digital backbone to manage them.
Under the EaaS model, factories and commercial buildings will be able to upgrade energy-intensive infrastructure, including cooling, heating, steam, compressed air, fuel switching and motor-driven systems, without making the upfront capital investment themselves. The model will also cover August Energy-led renewable energy deployment across solar, wind and storage.
August Energeia will finance, implement and manage the energy infrastructure, with project economics linked to the performance and savings delivered.
The platform will target energy-intensive sectors including pharmaceuticals, automotive, food and beverages, chemicals, cement, steel, hospitality, healthcare, data centres, REITs and commercial real estate.
“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. By shifting the financial model from high-risk CAPEX to predictable, performance-linked OPEX, we are removing the upfront friction and delivering outcomes rather than selling products,” said Sookrit Malik, co-founder and CEO, Energeia.
“India’s next phase of industrial growth will require businesses to become more energy-efficient and resilient without diverting capital away from their core operations. We believe 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. This partnership with Energeia brings that model to scale,” said Vishal Jain, co-founder and Head of India, August Energy.
The partnership aims to turn energy savings into a scalable revenue stream and make energy efficiency an institutionally investable asset class in India. Its $100-million target signals the potential for distributed energy assets to attract global private capital.
By removing upfront CAPEX, the model allows energy-efficient equipment to be assessed based on lifecycle performance and total cost of ownership rather than purchase price alone, supporting wider deployment of higher-efficiency solutions.
In December last year, the Private Infrastructure Development Group (PIDG) set up a $30-million joint venture platform with August Energy Investment Co to finance and operate EaaS projects in the Philippines, Vietnam, and Thailand.
