The Sustainable Energy Association of Singapore (SEAS) has launched an AI-driven services and solutions marketplace for decarbonisation projects valued at below US$10 million each.
The “first-of-its-kind” platform will connect more than 200 enterprises across Asean, including financial institutions and technology providers, to “expedite Singapore and Asean’s transition to net-zero”, says SEAS on Nov 20.
SEAS developed the platform, named DigiLeap, with KMPG as a technical and knowledge partner. Launched at the COP29 Singapore Pavilion in Baku, Azerbaijan, DigiLeap currently hosts over 10 green projects.
DigiLeap was launched at the Singapore Pavillion at COP29 on Nov 20, in Baku, Azerbaijan. Photo: SEAS
These projects are focused on renewable energy, smart grid technology, industrial decarbonisation and green construction and real estate. According to SEAS, these initiatives advance cleaner power solutions, target waste reduction and resource efficiency, and foster green building technology and energy-efficient infrastructure.
See also: A US$12 bil climate fund is readying a rare bond issuance
The inaugural project match on DigiLeap’s platform connected two small- and medium-sized enterprises: Energi Tranz and Energy Vanguard SG. Both firms are members of SEAS.
DigiLeap is supported by Enterprise Singapore and the Asian Development Bank (ADB). SEAS has separately onboarded SGTech, Global Compact Network Singapore (GCNS), Singapore International Chamber of Commerce (SICC), National Trade Union Congress (NTUC) and the Singapore Business Federation (SBF), along with various key financial and academic institutions as partner organisations.
According to SEAS, these organisations will “actively support collaboration and resource-sharing” on DigiLeap, and it expects an “influx” of corporate participation by end-2025.
See also: India aiming to finalise carbon deals with Japan, Singapore
DigiLeap also offers features such as stakeholder mapping — a networking hub designed to support the development and scaling of green projects. Furthermore, the platform provides resources to equip businesses with the necessary tools to adopt sustainable practices.
KPMG partner and head of environment, social and governance (ESG) consulting Sharad Somani says DigiLeap addresses critical barriers that companies face in their sustainability journey including access to proven technological solutions, innovative green financing and effective programme management — particularly for smaller-scale sustainability projects.
“By leveraging advanced AI and sophisticated project-matching algorithms, DigiLeap embodies the shared commitment to making decarbonisation accessible, measurable and transformative for businesses,” says Somani.
Kavita Gandhi, executive director of SEAS, says: the DigiLeap platform is “essential” in transforming climate ambitions into actionable decarbonisation for Singapore companies. “Aligned with Singapore’s commitment to net-zero emissions by 2050, DigiLeap is a vital marketplace enabling businesses seeking solutions to connect with providers of advanced and scalable solutions, creating a seamless and innovative environment for sustainable progress.
