What Gree Energy does

Gree Energy develops, finances, builds, and operates grid-connected biogas-to-energy plants that convert industrial wastewater from food processors (primarily palm oil mill effluent and tapioca starch wastewater) into renewable electricity, biomethane, and verified carbon credits. The company is headquartered in Hong Kong with operations in Jakarta, Indonesia, where it has commercialized a single ~3 MW anaerobic digestion plant at the Hamparan Bumi Mas Abadi tapioca facility since December 2020. Customers include Indonesian food processors hosting the plants, the national utility PT PLN purchasing electricity under long-term PPAs, and corporate or institutional buyers of VCS-registered carbon credits. The company is pursuing expansion into palm oil (Riam project with Bumitama), multiple West Kalimantan sites under a PLN MoU, and BioLNG export to European markets via the Prodeval partnership.

The underlying technology is based on industrial-scale anaerobic digestion of high-strength organic wastewater, methane capture with real-time monitoring, and biomethane upgrading through a partnership with Prodeval. The firm operates an EPC plus project-finance model, structuring sites with host offtake agreements, utility PPAs, and multilateral co-investment. The Hamparan project is reported to produce electricity at industrial scale with associated VCS carbon credit issuance (38,230 VCUs disclosed in 2023). New technical capability centers on BioLNG upgrading for European RED III / ISCC certification.

Gree Energy monetizes through five primary revenue streams: (1) verified carbon credit sales (VCS-registered), (2) electricity sales under PPAs with PLN, (3) biomethane/BioCNG sales (emerging), (4) project development and EPC services, and (5) green finance facilitation. The company has raised approximately $3.92M to date across a 2021 bridge and a 2022 pre-Series A led by Earthcare Group. It holds B Corp certification (the only biogas company in Asia with this status), VCS project registration, IFC Performance Standards compliance, and has received the B20 Sustainability Award (2021), Dubai International Best Practices Award (2024), and Zayed Sustainability Prize 2026 finalist recognition. Strategic partners include PT PLN, Cenergi (Khazanah Nasional subsidiary), Prodeval, FFEM, AFD, and DiBiCoo.

Name

Gree Energy

Legal name

GREE Energy Limited

Website

https://gree-energy.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Gree Energy develops, finances, and operates anaerobic digestion plants that convert Indonesian food-industry wastewater into renewable electricity, biomethane, and verified carbon credits. It serves Indonesian palm oil and tapioca processors, the national utility PLN, and corporate carbon credit buyers.

Ownership category

akta.pro rank

Product category

Biogas and Renewable Energy Services

NAICS

Biomass Electric Power Generation (221117)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Anaerobic Digestion (Wet/Dry AD) & Biogas Production (EUAIAEAD)

akta.pro secondary industries

Biogas/RNG Plant Development, EPC & Project Delivery (EUAAAEAH), Anaerobic Digestion Biogas Power (Agricultural & Industrial AD) (EUACAIAD), Food Waste-to-Energy (Organic Waste AD & Thermal) (EUACAIAH), Biogas Upgrading to RNG & Injection/Fueling (Gas Cleanup, Compression) (EUAIAEAF), Biofuel Plant EPC, O&M & Process Technology Providers (EUAAAHAK), Biofuels & Renewable Fuels Switching (Biomethane/RNG, Bio-oils, Sustainable Biomass) (EUABAJAD)

Keywords

• Biogas energy solutions
• Anaerobic digestion systems
• Biomethane production
• Carbon credit development
• Wastewater treatment services

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Carbon Credit Revenue: Gree Energy develops carbon projects that generate verified carbon units (VCUs) through methane avoidance. Each tonne of methane captured results in 28 carbon credits. Carbon projects adhere to Verified Carbon Standard (VCS) and are independently verified.
2. Electricity Sales (Biogas-to-Energy): Sale of renewable electricity generated from biogas to national grid operators (e.g., PT PLN in Indonesia) through long-term Power Purchase Agreements (PPAs). Projects like Hamparan generate 10-12+ GWh/year supplied to local grids.
3. Biomethane/BioCNG Sales: Upgraded biomethane sold as renewable natural gas for industrial fuel uses, grid injection, virtual pipeline, or as transport fuel. Biomethane has combustion emission factor approximately 80% lower than natural gas.
4. Project Development and EPC Services: Feasibility studies, design and engineering, construction management, and operation and maintenance services offered to food processors. Combines proven European technology with local production for cost-effective delivery.
5. Green Finance Facilitation: Structuring biogas projects to meet bankability requirements of green finance, enabling capital access for project implementation. Brings together investors with high quality project sites.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Gree Energy develops, finances, builds, and operates biogas-to-energy solutions that transform industrial wastewater from food processors — notably Palm Oil Mill Effluent (POME), tapioca starch effluent, and other agro-industrial organic waste — into renewable energy (electricity, heat, BioCNG, BioLNG), verified carbon credits (VCS), and natural fertilizer (digestate). The integrated offering covers feasibility studies, engineering/procurement/construction (EPC), green finance structuring, carbon project development, and ongoing operations, sold as tailored packages to food processors, corporate carbon credit buyers, and asset investors.

Product overview

Gree Energy is a biogas solution provider offering a unified platform of biogas-to-energy services for food and agro-industrial sectors in emerging markets. Its core product portfolio consists of three solution lines — Biogas Solutions for Food Processors, Biogas Solutions for Carbon Credit Buyers, and Biogas Solutions for Project Investors — supported by integrated service modules covering feasibility study, design and engineering, construction, operation and maintenance, investment structuring, and carbon development. The company also offers two distinct energy products: Bio-CNG/Biomethane (upgraded biogas supplied via Prodeval partnership) and a Certified BioLNG Platform for export-ready clean fuel. Two flagship projects — the Hamparan Project (tapioca starch, 3 MWe, Lampung) and the Riam Project (palm oil, 2.5 MWe, Central Kalimantan) — serve as proof-of-concept implementations demonstrating the full-service model.

Differentiator

Problem solved

Functional benefit

Products and services

• Biogas Solutions for Food Processors
• Biogas Solutions for Carbon Credit Buyers
• Biogas Solutions for Project Investors
• Bio-CNG / Biomethane
• Certified BioLNG Platform
• Hamparan Project
• Riam Project

Quantifiable outcome

• 30,327 tonnes CO2eq reduced annually per project (Hamparan)
• +5 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eleven partnerships are on record, tiered minor and core.

• Yayasan FIELDminorStrategic or Co-development Partner · 1 April 2026Indonesian non-profit focused on participatory development and sustainable natural resource management. Gree Energy contributes USD 100,000 as strategic funding partner for Clean Air Indonesia initiative supporting non-burning agriculture practices.
• PLN and Palm Oil Mills (3-Party MoU)coreStrategic or Co-development Partner · 12 December 2024Three-party MoU signed in Pontianak, West Kalimantan to develop IPP biogas projects utilizing POME. Represents collaborative commitment to transform organic waste into clean, renewable energy supporting Indonesia's renewable energy targets.
• Digital Global Biogas Cooperation (DiBiCoo)minorStrategic or Co-development Partner · 30 May 2022EU-funded consortium facilitating collaboration between European biogas industries and emerging market stakeholders through digital tools, knowledge transfer, and capacity building. Gree Energy showcased Hamparan project for RDIxDiBiCoo study tour.
• Resilience Development Initiative (RDI)minorStrategic or Co-development Partner · 30 May 2022Indonesian think tank implementing biogas programs including capacity building, matchmaking, and study tours as part of DiBiCoo consortium.
• International Renewable Energy Agency (IRENA)minorStrategic or Co-development PartnerIntergovernmental organization supporting Gree Energy's renewable energy development efforts through technical assistance and international cooperation.
• PT PLN (Indonesian National Utility)coreStrategic or Co-development PartnerState-owned electricity company partnering on multiple IPP biogas-to-energy projects. PLN purchases renewable electricity from Gree Energy projects, integrating clean energy into Indonesia's national grid.
• PT PLN Distribution LampungcoreStrategic or Co-development PartnerRegional PLN division committed to acquiring electricity from Independent Power Producers to meet Lampung Province's electricity needs. Long-term partnership supporting Gree Energy's grid-connected projects.
• Cenergi (Khazanah Nasional subsidiary)coreStrategic or Co-development PartnerMalaysian renewable energy company and Khazanah Nasional subsidiary co-investing in Gree Energy's biogas-to-energy projects, including the Hamparan project.
• ProdevalcoreTechnology or IntegrationGlobal leader in biomethane engineering with over 30 years experience having delivered 332 projects in Europe and North America. Partnership to deploy 100% renewable gas solutions (BioCNG) in Indonesia.
• Symbior EnergyminorStrategic or Co-development PartnerIncubation partner with experience in renewable energy businesses in Southeast Asia and bioenergy sector, supporting Gree Energy's portfolio development.
• IFC Environmental and Social Performance StandardsminorStrategic or Co-development PartnerInternational benchmark for identifying and managing environmental and social risk. Gree Energy adheres to IFC PS standards across all biogas projects.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Carbon Clear: Carbon credit project developer and climate solutions firm active across Asia-Pacific. Overlaps with Gree Energy in developing VCS-registered projects and connecting industrial decarbonization with corporate carbon buyers.
• South Pole Group: Global climate solutions provider and major carbon credit project developer. Comparable as a counterpart for high-integrity voluntary carbon credit sales to corporate buyers seeking methane avoidance offsets.
• Bionersis: Global biogas project developer focused on landfill and industrial wastewater (predecessor firm of Gree Energy's CEO Nicolas Stirer). Directly comparable in AD/biogas project development, with historical overlap in team and project execution.

Direct peers

• Cenergi: Malaysian renewable energy company and subsidiary of sovereign wealth fund Khazanah Nasional, focused on biogas and biomass projects in Southeast Asia. Cenergi co-invests in Gree Energy's Hamparan project and operates directly comparable biogas/POME infrastructure in the region.
• Symbior Energy: Southeast Asia-focused bioenergy and renewable energy developer and incubator. Symbior incubated Gree Energy's portfolio and operates comparable biomass and biogas assets across the region.
• Biogas Nord: European EPC and plant operator for industrial and agricultural biogas/biomethane plants. Comparable in technology stack and project delivery model for AD-based biomethane infrastructure.

Broad incumbents

• Veolia: Global environmental services and waste-management giant offering industrial wastewater and biogas solutions at scale. A member of Gree Energy's extended team came from Veolia, and the firm represents the large incumbent benchmark for industrial AD solutions.
• PT Pertamina: Indonesian state-owned energy company and largest domestic fuel and gas distributor. Represents the dominant domestic off-taker/incumbent that Gree Energy's biomethane and BioCNG output would supply into.
• SUEZ: Global environmental services group with significant biogas, wastewater, and resource recovery operations. A broad incumbent whose industrial wastewater-to-energy business overlaps with Gree Energy's value proposition for food processors.

Regional players

• PT Austindo Nusantara Jaya (ANJ): Indonesian palm oil and renewable energy group with biogas from POME at its estates. Operates comparable POME-to-energy infrastructure in Indonesia and represents a potential peer/competitor for palm oil mill biogas projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/gree-energy

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gree Energy