Best Energy Companies in Indonesia
The 131 best Energy companies in Indonesia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Xurya.
Energy in Indonesia is moving fast, and this directory ranks 131 tracked companies by disclosed equity funding and recent momentum so you can see exactly where the capital is landing. Total disclosed funding across the sector hits $334M, spread across a field with no unicorns yet but some serious outliers. Xurya leads at $110M, MAXpower sits at $60M, and EMP follows at $57M. Those three alone account for more than two-thirds of the pool. Investors like Saratoga Investama Sedaya and 500 Global are the names showing up most consistently, which tells you something about which bets feel safe right now.
The broader picture is accelerating. Median install growth for energy apps is running at roughly +28% YoY across 138 tracked apps, and the hot themes, solar electricity generation, EV battery technology, and EV energy management systems, are exactly where coverage is thickest. Wind capacity is scaling hard globally, and green energy is pulling in AI and data-center investment at a clip that's reshaping who funds these projects. Indonesia's regulatory push on distributed energy resources is adding pressure, and honestly, I'd expect the next funding round to land in solar or EV infrastructure before anything else. So if you're mapping the sector, start at the top of this list and work down.
- International grid edge study reveals countries needs and readiness f
Our analysis of 441 Energy companies
$135.1b in tracked funding; 76% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Energy companies in Indonesia
| # | Company | Last round | Disclosed funding | Stage | Founder | Employees | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | A-WING Group Provider of integrated renewable energy and sustainability solutions | — | — | Unfunded | Yuukichi Hirayama Managing Director | — | WordPressMySQLPHP+17 | — |
| 2 | Agrinergy Clean energy, carbon and sustainable land management project developer and consultant | — | — | Funding Raised | Robert Taylor Co-Founder & Director | — | — | — |
| 3 | Alva Energi Renewable energy consultant and engineering procurement construction company that provides solar energy… | — | — | Unfunded | Oktoviano Gandhi Co-Founder | — | — | — |
| 4 | Arkora Hydro Development and operation of hydropower plants | — | — | Funding Raised | — | 129 | WebflowSplidecore-js+11 | 1 job opening |
| 5 | Atlas Copco Fluidcon Provider of mining, logging and oil and gas equipment supply and installation services. | — | — | Acquired | — | 223 | — | — |
| 6 | Atlas Resources Coal production company | — | — | Public | — | 349 | PHPHighchartsCodeIgniter+6 | — |
| 7 | ATW Solar Solar installation company | — | — | Unfunded | Caroline Weno Co-Founder | — | WordPressMySQLPHP+21 | 1 job opening |
| 8 | AziPac Grower and distributor of high-quality, regionally grown produce | — | — | Funding Raised | Frank Inouye CEO & MD | — | — | — |
Top 12 Energy companies in Indonesia
#1
Public · Jakarta, Jakarta · founded 2005 · 228 employees$21.5Mraised▾
Bulk oil & gas transportation and ship management services
- Oct 2025Post IPO$15.2M
- Mar 2022Post IPO$6.3M
#2
Series B · Jakarta, Jakarta · founded 2018 · 92 employees$109.5Mraised▾
Xurya is a company based in Indonesia that develops and installs distributed solar projects on a residential and commercial scale. Services include design, development, asset management, installation, commissioning and others. Also offers O&M services including recommissioning, monitoring & analysis, repairs, warranty execution and others.
- Jul 2024Series B$55M
- Oct 2022Series A$33M
- Jan 2022Series A$21.5M
- Jul 2021Seed—
#3
Late Stage · Jakarta, Jakarta · founded 2002$49.7Mraised▾
Geo Dipa Energi is a Geothermal Energy player that operates multiple geothermal energy power plants across Indonesia. The company currently has two active power plants in Dieng and Patuha, with an installed capacity of 120 MW. They are developing another prospect in Candradimuka, which is claimed to be capable of generating 80 MWe of electricity.
- Jun 2020Conventional Debt$35M
- Sep 2019PE$49.7M
#4
Series A · Jakarta, Jakarta · founded 2016 · 140 employees$25Mraised▾
Developer of solar energy projects
- Nov 2021Series A$25M
#5
Public · Jakarta, Jakarta · founded 2001 · 519 employees$56.6Mraised▾
Upstream oil and natural gas exploration, development, and production company. It operates in multiple properties, applying reservoir management expertise and advanced technologies to extract oil and natural gas. The company is a significant natural gas supplier, holding sales agreements with various counterparties to ensure consistent energy delivery. Its operations encompass exploration, development, and production activities across a substantial area.
- May 2019Conventional Debt$56.6M
#6
Series C · Tangerang, Banten · founded 2011 · 501 employees$60Mraised▾
Supplier of power to remote and under-supplied areas of East Asia. Supplier of power to remote and under-supplied areas of East Asia. The company owns and operates power plants with a combined 335-megawatt installed capacity and supplies electricity in Indonesia, Myanmar, Singapore and Thailand.
#7
Public · Jakarta, Jakarta · founded 2014$7Mraised▾
Oil and gas exploration and production company
- Jan 2022Post IPO$7M
#8
Seed · Jakarta, Jakarta · founded 2021$2Mraised▾
Developer of solar and wind energy projects
- Dec 2022Seed$2M
#9
Seed · Jakarta, Jakarta · founded 2010$2.7Mraised▾
Operator of an oil and gas exploration and production company based in Calgary, Canada. The company's oil and gas exploration and production company pursues onshore liquids-rich opportunities in Indonesia, with a focus on Sumatra, enabling clients to avail quality exploration services.
- Jun 2012Seed$2.7M
#10
Funding Raised · Jakarta, Jakarta · founded 1945—raised▾
Operator of electricity utilites
#11
Public · Jakarta, Jakarta · founded 1957 · 27817 employees—raised▾
Provider of oil & gas transmission and distribution services
#12
Public · Jakarta, Jakarta · founded 1916 · 2226 employees—raised▾
PT Samator Indo Gas Tbk is an industrial gases company. It is engaged in manufacturing and supplying industrial gases including air gases such as oxygen, nitrogen, argon, acetylene, carbon dioxide, hydrogen, nitrous oxide, synthetic air, and mixed gas. The company's operating segment includes Gas products and Service and Equipment. It generates maximum revenue from the Gas products segment.
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Energy coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Grid Energy Storage is moving in Indonesia
A read on the academic research around Grid Energy Storage — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 477 Indonesia-affiliated papers.
- Bandung Institute of Technology49
- State University of Malang33
- Sepuluh Nopember Institute of Technology33
- University of Indonesia29
- Universitas Gadjah Mada29
- Photovoltaic system1→9
- Electricity1→4
- Battery (electricity)1→103
- Supercapacitor2→56
- Voltage1→27
- Power (physics)1→25
- Controller (irrigation)2→11
- Battery (electricity)15
- Renewable energy12
- Electrolyte6
- Photovoltaic system6
- Solar energy5
Where energy storage is researched across Indonesia
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.