August Energeia partnership enables factories and commercial buildings to upgrade critical energy infrastructure without upfront CAPEX, benefiting from reduced operating costs and verified energy savings.
August Energy, a Singapore-headquartered and regional energy-as-a-service (EaaS) infrastructure platform, and Energeia, an Indian energy efficiency company, today announced a USD 100M partnership, August Energeia, to fund and deliver energy efficiency infrastructure projects with a particular focus on cooling as a service (CaaS) for commercial and industrial (C&I) customers across India.
The partnership pairs 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.
Through August Energeia, the partnership’s dedicated infrastructure platform, August Energy brings disciplined capital from European, Japanese and Asian institutional investors, including Aravest, Green Tower, Proparco, responsAbility and Aseem, experienced operators and the ability to support customers regionally across India and Southeast Asia. Energeia complements this with its execution and technology muscle: IoT energy audit capabilities to build investment-grade efficiency projects across the emerging markets and an AI-enabled digital backbone to manage them.
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. Instead, August Energeia will finance, implement and manage the energy infrastructure, with project economics linked to the performance and savings delivered.
For customers, this changes the investment decision. Energy-efficiency projects no longer need to compete directly with production expansion, capacity additions or other growth CAPEX. Businesses can preserve capital for their core operations while reducing energy costs and emissions through an EaaS model. The platform will target energy-intensive sectors including pharmaceuticals, automotive, food and beverage, 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. Our ambition is to demonstrate that distributed energy and efficiency projects can deliver measurable value for customers while becoming a credible, scalable infrastructure opportunity for institutional capital,” said Vishal Jain, Co-founder and Head of India, August Energy.
This combination of capabilities turns energy savings into a bankable, repeatable revenue stream and makes energy efficiency an institutionally investable asset class at scale for the first time in India. The USD 100M target signals that distributed energy assets in India are now scalable and attractive to global private capital.
The partnership also creates a new deployment pathway for energy-efficient equipment. With upfront CAPEX removed from the customer decision, technologies can increasingly be evaluated on lifecycle energy performance and total cost of ownership rather than purchase price alone, enabling higher-efficiency solutions to be deployed at greater scale.
By combining capital, infrastructure ownership, project execution and ongoing energy management, August Energy and Energeia aim to aggregate distributed energy-efficiency projects into a scalable investment opportunity. The USD 100M target represents a significant step towards establishing energy efficiency as an investable infrastructure opportunity in India, while giving businesses a practical route to improve operating economics and decarbonise their facilities.
About Energeia
Energeia is a BEE-accredited Indian energy efficiency company that cuts energy costs and CO₂ emissions for factories and commercial facilities. It works across the utilities that drive most energy waste: cooling, compressed air, heating, and motor-driven systems. As a one-stop partner, Energeia finds the energy waste, funds, executes and maintains the upgrades, and recovers its fee from savings it delivers. Energeia’s model is energy-as-a-service (EaaS): customers pay nothing upfront, get new energy-efficient utilities and enjoy lower energy costs and emissions – unlocking the profitability in sustainability.
For more, visit energeia.in
About August Energy
August Energy is an Energy-as-a-Service infrastructure platform helping commercial and industrial businesses across Asia achieve greater cost efficiency, energy resilience and decarbonisation. Headquartered in Singapore, with operations across India, the Philippines, Vietnam, Malaysia and Thailand, August Energy invests in, builds, owns and operates energy infrastructure—enabling customers to pay only for the energy they consume, with zero upfront capital investment and infrastructure risk. Institutionally backed and led by seasoned energy professionals, August Energy delivers scalable generation and integrated utility solutions, including solar, energy storage, cooling, compressed air, steam and heating, supported by energy management and optimisation capabilities.
For more information, visit august-energy.com
FAQ’s
Energy-as-a-Service (EaaS) is a financing and delivery model where a provider funds, installs, and manages a factory’s or building’s energy infrastructure; the customer pays no upfront capital and instead pays based on the performance and savings delivered. Under the August Energeia platform, this covers cooling, heating, steam, compressed air, fuel switching, motor-driven systems, and renewable energy, letting industrial and commercial facilities cut operating costs and emissions without diverting capital from core operations.
Factories can upgrade energy infrastructure without upfront CAPEX through an Energy-as-a-Service model, such as the one offered by August Energeia, where a provider funds, installs and manages the upgrade, and you need to pay only for the energy you use.
Cooling-as-a-Service (CaaS) is a version of the EaaS model focused specifically on industrial and commercial cooling systems. A provider funds and operates the cooling infrastructure, and the customer pays for cooling performance rather than owning and maintaining the equipment. It’s most commonly used by energy-intensive facilities such as pharmaceutical plants, food and beverage units, data centres, hospitals, and commercial real estate, where cooling is a major and continuous operating cost.
Energy-as-a-Service is best suited to energy-intensive commercial and industrial sectors, like pharmaceuticals, automotive, food and beverage, chemicals, cement, steel, hospitality, healthcare, data centres, and commercial real estate, which are among the sectors most commonly targeted, since their high, continuous energy consumption gives efficiency savings enough scale to fund the upgrade. August Energeia’s platform, for instance, focuses on exactly this set of sectors across India.
A traditional loan or CAPEX purchase requires the business to pay upfront and take on the risk if projected savings don’t materialize, whereas Energy-as-a-Service removes that risk, the provider funds, installs and manages the infrastructure, and instead of loan repayments or equipment costs, you pay only for the energy you consume.