Singapore captures bulk of regional energy capital despite limited local deployment

Singapore holds majority shares across solar, EV, storage and efficiency capital in SEA as of March 2026

Singapore continues to function as the main financing centre for Southeast Asia’s energy transition, capturing the bulk of regional capital despite limited domestic deployment activity, according to Tracxn data as of 18 March.

Singapore accounts for $1.1b (USD864m), or 78% of Southeast Asia’s $1.4b (USD1.1b) solar funding, $428.78m (USD337m) or 67% of electric vehicle funding, $142.5m (USD112m) or 94% of energy storage funding, and $96.7m (USD76m) which makes 99.5% of energy efficiency funding.

In the broader Southeast Asia ecosystem, total funding stands at $2.3b (USD1.8b) across 2,043 companies, with 258 companies securing equity investment showing capital remains heavily concentrated in Singapore relative to other regional markets, according to the report.

Solar and electric vehicles together account for nearly 90% of total regional funding, whilst energy storage and energy efficiency make up a smaller share at about 11% combined.

Energy storage funding in Singapore is largely concentrated in a small number of companies, with $142.5m (USD112m) deployed across 41 funded firms in the sector regionally. Energy efficiency funding totals $96.7m (USD76m) in Singapore, with 54 funded companies across Southeast Asia.

The ecosystem remains early-stage, with only 13% of companies across the region having secured funding, and limited progression into later funding stages in storage and efficiency segments.

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