INNOPOWER

Name

INNOPOWER

Legal name

Innopower Company Limited (อินโนพาวเวอร์ จำกัด)

Website

https://innopower.co.th

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Decarbonization Services

NAICS

Computer Systems Design and Related Services (54151), Other Financial Vehicles (52599)

SIC

Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Industrial Energy Efficiency & Optimization (Process Controls, Advanced Analytics, ISO 50001) (EUABAJAH)

akta.pro secondary industries

Industrial Decarbonization EPC, Integration & O&M Services (Design/Build/Operate) (EUABAJAM), Climate / Clean Tech & Decarbonization Funds (FSANAJAA), Software Engineering & Application Modernization (BPAHAEAD)

Keywords

• Renewable energy certificates
• EV charging infrastructure
• Carbon credit trading
• Solar roof installation
• Decarbonization consulting

Headquarters

HQ city

Bang Kruai

HQ country

Thailand

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, Supply Chain

Revenue model

1. Renewable Energy Certificate (REC) Trading: Procurement and trading of RECs for large organizations and SMEs. INNOPOWER serves as intermediary between REC producers (solar rooftop owners) and buyers seeking to offset Scope 2 emissions. Revenue generated from transaction fees and service charges for certification and trading.
2. Energy Solutions (Solar EPC): Engineering, Procurement, and Construction services for solar installations including Solar PPA services. Revenue from project-based contracts for solar system installation.
3. EV Charging Solutions: Sale and distribution of AC and DC EV chargers including exclusive distribution of Exicom products in Thailand. Includes hardware sales and installation services.
4. EV Fleet Services: Comprehensive EV bus and fleet management services including vehicle provision, maintenance, charging infrastructure, and battery management systems. Revenue from service contracts with government and corporate clients.
5. Decarbonization Advisory: Consulting services for GHG emission reduction including calculation, strategy development, verification, and energy advisory. Launched January 2025 as new service pillar.
6. Carbon Credit Trading: Brokerage services for carbon credit trading. Carbon Credit Aggregator launching Q3 2025 to aggregate credits from EV charging.
7. Venture Capital Investment Returns: Strategic investments in energy technology startups through Energy Ignition Ventures, targeting returns from portfolio companies

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

INNOPOWER is a Thailand-based decarbonization partner offering end-to-end services spanning four pillars: Sustainability (REC trading, REC Aggregator platform, GHG reporting, carbon credit trading), Future of Mobility (EV chargers, EV fleet services, V2G technology), Future of Energy (solar roof installation, infrastructure modernization), and Digital Solutions (application development, cloud infrastructure, enterprise asset management, IT consulting). The company also operates Energy Ignition Ventures, a venture capital fund targeting decarbonization startups.

Product overview

INNOPOWER is a multi-product decarbonization platform offering a portfolio of 14 integrated solutions under a 'Decarbonization Partner' strategy. The core offering includes renewable energy solutions (Solar Roof Installation, REC Trading, REC Aggregator Platform), mobility solutions (EV Chargers, EV Fleet Services, V2G Technology), and sustainability services (GHG Reporting, Carbon Credit Trading, Energy Efficiency Consulting). INNOPOWER Digital provides supporting technology services (Application Development, Cloud Infrastructure, Enterprise Asset Management, IT Consulting), while Energy Ignition Ventures offers venture capital investment in decarbonization startups. The platform enables organizations to progress from initial baseline analysis through target setting to solution implementation and full reporting, with services spanning corporations, industrial estates, SMEs, and individual consumers.

Differentiator

Problem solved

Functional benefit

Brands

• Energy Ignition Ventures: A joint venture venture capital fund with TRIREC, investing in decarbonization technology startups globally, focusing on Asia Pacific, Europe, North America, and Israel.
• INNOPOWER Digital

Products and services

• Renewable Energy Certificate (REC) Trading Trading of renewable energy certificates allowing organizations to verify renewable energy usage and meet Scope 2 emissions reduction targets.
• REC Aggregator Platform Thailand's first REC Aggregator platform that aggregates renewable energy certificates from small producers and makes them accessible to corporate buyers through a KBank channel partnership.
• GHG Reporting Platform Cloud-based GHG emissions reporting platform built on Zeroboard technology that enables organizations to measure, track, and report greenhouse gas emissions for ESG compliance.
• Carbon Credit Trading Trading of voluntary carbon credits allowing organizations to offset emissions through verified carbon offset purchases.
• EV Charging Solutions (AC/DC Chargers) Sale and distribution of EV AC and DC chargers from Exicom for deployment at commercial, hospitality, and public locations across Thailand.
• EV Fleet Services End-to-end managed electric vehicle fleet services including deployment, charging infrastructure, and operations for government and corporate clients such as EGAT Mae Mo and Kanchanaburi EV bus fleet.
• Solar Roof Installation Service Professional solar EPC (Engineering, Procurement, Construction) service for installing rooftop solar systems on commercial, industrial, and hospitality properties.
• Infrastructure Modernization Modernization of electrical and energy infrastructure with IoT-based transformer monitoring and UAV/AI inspection technology, exemplified by the Bangkok Cable partnership.
• Energy Efficiency Consulting Consulting service advising organizations on energy efficiency improvements and optimization across facilities and operations.
• Decarbonization Advisory Strategic advisory service guiding organizations through decarbonization planning and execution toward net-zero goals.
• V2G (Vehicle-to-Grid) Technology Vehicle-to-Grid technology offering developed with EGAT, including V2G software and testing systems that enable EVs to feed energy back into the grid.
• Application Development Custom software application development services for enterprise and energy sector clients.
• Cloud Infrastructure Cloud infrastructure provisioning and management services for enterprise clients.
• Enterprise Asset Management (EAM) Enterprise asset management software and services for managing physical infrastructure assets.
• IT Consulting & Operation IT consulting and operational support services for enterprise clients.
• Energy Ignition Ventures (EIV) Venture capital fund targeting decarbonization-focused startups and clean energy investments.

Quantifiable outcome

• 92% revenue growth in 2024 to THB 288.9 million
• +6 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability5 records

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Bank of ThailandcoreStrategic or Co-development Partner · 28 April 2026Partnership for Green Hotels initiative supporting hotel businesses in sustainability transformation. INNOPOWER serves as Carbon Neutrality Collaborator for events and provides decarbonization solutions to participating hotels.
• Digital Economy Promotion Agency (depa)coreStrategic or Co-development Partner · 16 January 2026MOU for pilot project installing Solar PPA (102.87 kWp), BESS, EV Charger, and EMS at depa headquarters. Partnership supports depa's Carbon Neutrality goals with expected 10-15% energy cost reduction and 63.6 tCO₂e annual reduction.
• Ponic TechminorStrategic or Co-development Partner · 16 January 2026Partner in depa pilot project for integrated clean energy innovation demonstration at depa office premises.
• RV Connex Co., Ltd.coreStrategic or Co-development Partner · 4 December 20243-year MOU for energy innovation development including digital platforms for carbon reduction, carbon credit management, cybersecurity solutions, advanced imaging technologies, and energy innovations. Collaboration leverages UAV technology for electricity transmission network management.
• ExicomcoreChannel Partner/ Reseller/ Distributor · 20 August 2024INNOPOWER appointed as exclusive distributor for Exicom AC/DC EV charger range in Thailand. Exicom is India's largest EV charger manufacturer. Partnership supports Thailand's carbon neutrality goals through EV infrastructure development. First installation of six 30kW chargers completed.
• Bangkok Cable Co., Ltd. (BCC)coreStrategic or Co-development Partner · 20 August 2024MOU for power grid innovation including ACCC conductor technology (25-30% higher efficiency), AI and UAV integration for renewable energy maintenance, and IoT system for transformer monitoring. Aims to increase power distribution efficiency by up to 40%.
• KASIKORNBANK (KBank)coreStrategic or Co-development Partner · 1 January 2024Joint development of Thailand's first REC Aggregator platform enabling residential solar rooftop owners to register and sell RECs. KBank provides digital infrastructure, identity verification, UX/UI design, and cash management services. Platform launched Q2 2024.
• Zeroboard Inc.coreStrategic or Co-development Partner · 8 September 2023MOU for introducing Zeroboard's GHG reporting cloud service to Thailand. Zeroboard provides carbon emission calculation and visualization platform. Collaboration includes co-creation of innovations for GHG emission reduction in solar projects and EV fleets.
• TRIRECcoreStrategic or Co-development PartnerJoint venture partner in Energy Ignition Ventures (EIV), a decarbonization-focused investment fund targeting startups in Asia-Pacific, Europe, North America, and Israel. Combines INNOPOWER and TRIREC expertise in Southeast Asian decarbonization market.
• Wallbox ChargersminorChannel Partner/ Reseller/ DistributorPartnership for distribution of Wallbox EV chargers including Pulsar Max (residential), Commander 2/2S (business), and Supernova 150kW (public). Includes Quasar bi-directional charger for V2G projects.

Scale indicators17 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• South Pole Group: Global climate solutions provider offering carbon advisory, renewable energy certificates, carbon credit origination, and corporate decarbonization services. Directly comparable to INNOPOWER's end-to-end decarbonization stack (REC trading, carbon brokerage, GHG reporting, advisory) though at much larger global scale.
• ChargePoint: Largest independent EV charging network with hardware, software, and services for AC/DC charging across commercial and fleet use cases. Directly comparable to INNOPOWER's EV charging distribution (Exicom/Wallbox) and EV fleet services business, though operating at much larger global scale.

Emerging players

• Pachama: Carbon credit marketplace using satellite/AI to verify forest and nature-based credits. Comparable to INNOPOWER's carbon credit brokerage and aggregation activities, though Pachama focuses specifically on nature-based credits rather than the full scope INNOPOWER covers.
• Greenly: Carbon accounting SaaS platform helping businesses measure, reduce, and report emissions. Comparable to INNOPOWER's GHG reporting and carbon management digital offerings, focused primarily on SMB and mid-market segments.
• Watershed: Enterprise carbon accounting and decarbonization platform offering GHG measurement, reporting, and reduction advisory. Comparable to INNOPOWER's GHG reporting and decarbonization advisory offerings, with a more software-native delivery model.

Broad incumbents

• Schneider Electric Sustainability Business: Global energy management and industrial efficiency leader with adjacent consulting, sustainability advisory, and energy optimization offerings. Comparable to INNOPOWER's energy efficiency consulting and EMS/digital solutions arms, though Schneider operates across many verticals beyond decarbonization-only.
• Sungrow: Global leader in solar inverters and energy storage systems with growing EV charging and renewable energy solutions portfolio. Comparable to INNOPOWER's solar EPC and energy storage components, though Sungrow is primarily a hardware manufacturer at global scale.
• ENGIE Impact: Subsidiary of global utility ENGIE providing decarbonization advisory, energy management, and sustainability services to enterprises. Comparable to INNOPOWER's integrated decarbonization partnership model spanning advisory, renewable energy solutions, and reporting.

Regional players

• Energy Absolute Public Company: Thailand-listed renewable energy and EV/battery company with operations in solar, wind, biomass, and electric vehicles. Comparable as a regional renewable energy and EV ecosystem peer, though larger and more vertically integrated into manufacturing.
• BCPG Public Company: Thailand-listed renewable energy developer with solar, wind, and hydropower assets owned by Bangchak Corporation. Comparable as a Thai renewable energy peer pursuing sustainability/clean energy business, though focused on power generation rather than INNOPOWER's decarbonization services platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@innopower-th
• LinkedInlinkedin.com/company/innopowerth

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about INNOPOWER