Asia's Energy Transition Fuels $45M Investment in Distributed Solutions Provider BECIS

SINGAPORE – November 03, 2025 – Energy-as-a-Service (EaaS) provider BE C&I Solutions Holding Pte. Ltd. (BECIS) announced today a $45 million equity financing round from existing shareholders KLP Norfund Investments, Pula Investments, and Siemens Financial Services. The investment underscores a growing trend of capital flowing into sustainable energy infrastructure across Asia, driven by the need for decarbonization and resilient power solutions.

Scaling Distributed Energy Across Asia

BECIS focuses on delivering distributed energy solutions to commercial and industrial (C&I) clients across Southeast Asia, China, and India. The company owns, operates, and constructs energy infrastructure, eliminating the need for upfront capital expenditure from clients and reducing the complexity of managing energy assets. This model is gaining traction as businesses increasingly prioritize sustainability and seek reliable, cost-effective power. “The demand for localized, resilient energy solutions is growing exponentially in these markets,” explained an industry analyst. “Companies are facing pressure from multiple angles – regulatory requirements, consumer expectations, and the need to mitigate supply chain disruptions.”

With a portfolio exceeding 200MWp of solar PV and 50 tonnes per hour of industrial steam in operation across more than 200 sites, BECIS is positioning itself as a key player in the region’s energy transition. The new funding will be used to scale the company’s platform and solutions, further expanding its reach and service offerings. BECIS aims to expand its rooftop solar portfolio to approximately 350MW by 2025 and has recently secured a $30 million loan specifically for bioenergy projects in Southeast Asia and India.

Investor Confidence in a Growing Market

The continued investment from existing shareholders demonstrates strong confidence in BECIS’s business model and long-term growth potential. KLP Norfund Investments, a joint venture between KLP and Norfund, focuses on sustainable development and climate-friendly solutions. Pula Investments, associated with Stephen Lansdown, has a track record of supporting impactful ventures. Siemens Financial Services, the financing arm of Siemens, provides financial solutions and technical expertise, aligning with its broader commitment to intelligent infrastructure and sustainability.

“We see significant opportunities in the Asian EaaS market, and BECIS has demonstrated a strong ability to deliver innovative and impactful solutions,” said a source familiar with the investment. “Their focus on C&I clients, combined with their expertise in distributed energy technologies, positions them well for continued success.”

The Asia-Pacific EaaS market is projected to experience substantial growth in the coming years, driven by factors such as increasing energy demand, the need for decarbonization, and government policies promoting renewable energy adoption. Analysts estimate the market will exceed $46.8 billion in 2023 and grow at a CAGR of 8.4% between 2024 and 2032. China and India are expected to be key drivers of growth, fueled by dynamic industrial growth and supportive regulatory environments.

Beyond Solar: Diversifying the Energy Mix

While solar power forms a significant part of BECIS’s portfolio, the company is increasingly diversifying its energy mix to include other renewable sources, such as bioenergy. The recent $30 million loan secured for bioenergy projects highlights this strategic focus. BECIS is developing projects utilizing biogas and biomass to provide heat, power, and cooling to industrial clients.

“Bioenergy offers a unique opportunity to provide reliable, dispatchable renewable energy,” explained an energy consultant. “It can complement intermittent sources like solar and wind, providing a more stable and resilient energy supply.” BECIS’s ability to integrate diverse energy sources into its offerings sets it apart from some competitors and positions it to address the complex energy needs of its clients.

The company's geographic footprint, spanning eight countries across Asia, also provides a competitive advantage. This allows BECIS to serve multinational corporations with consistent solutions across their regional operations, simplifying energy management and reducing costs. However, BECIS operates in a competitive landscape, facing rivals like ENGIE, Keppel, and Kinergy Advancement Bhd. Success will depend on its ability to innovate, deliver value to customers, and adapt to evolving market conditions.

As the demand for sustainable energy solutions continues to grow across Asia, companies like BECIS are playing a vital role in accelerating the region’s energy transition and building a more resilient and sustainable future.