PROBLEM
STATEMENT ONE

Renewable energy systems or software to track renewable energy implementation progress

The Problem

As part of New World’s Sustainability Vision 2030 (SV2030), there is an aim to help limit global warming within the 1.5 degree Celsius by setting Science Based Targets.

To contribute to that, there is a need to adopt renewable energy solutions to achieve our targets of 100% renewable energy for Greater Bay Area (GBA) rental properties by the end of FY2026 and the same for Greater China rental properties by the end of FY2031.

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Requested

Solution

High capacity (but small sized) renewable energy systems that can generate renewable energy at onsite installation at the buildings or offsite
Software systems that track the implementation progress of power purchase agreements as offsite renewable energy procurement
OR a combination of both of the above solutions/services, i.e. install onsite systems AND buy renewable certificates offsite or source renewable energy certificates.

STARTUP QUALIFICATION

We are looking for:

1. Must have a sustainability impact value
2. Proven technology with results
3. Distinctive tech intellectual property
4. Revenue generated from company’s main technology
5. Intention to expand the business in both Hong Kong and/or mainland China markets

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