Post GreenTech Accelerator 2024: Co.Efficient Alpha x Great Cosmo

Nearly a year has passed since UOB FinLab concluded its GreenTech Accelerator 2024 (GTA), and we’ve followed up with one of the participating GreenTech companies to see how things have progressed.

To revisit the programme’s highlights: over six months, selected GreenTech firms addressed more than 50 sustainability challenges submitted by 27 partners, including UOB and other corporate collaborators. These challenges aimed to inspire innovative solutions and foster partnerships for pilot initiatives.

Out of the 33 participating companies, 16 pilot projects were chosen to receive funding from UOB FinLab to help bring their ideas to life.

One particularly promising collaboration is the pilot project between Co.Efficient Alpha and Great Cosmo.

Damien Cheong, Founder and CEO of Co.Efficient Alpha, presenting

Driving Energy Efficiency through Voltage Optimisation Technology

As part of Great Cosmo’s commitment to sustainability and operational excellence, a targeted energy optimisation initiative was launched in collaboration with UOB FinLab and Co.Efficient Alpha. This pilot project aimed to reduce electricity consumption and carbon emissions through advanced voltage optimisation technology, aligning with broader goals of environmental stewardship and cost efficiency.

The initiative was conducted at Great Cosmo’s manufacturing facility in Kuang, Selangor, which operates 24/7 at full capacity. Co.Efficient Alpha’s system was installed on April 13, 2025, with data collection spanning both pre and post-installation periods. Using third-party IIOT devices, granular consumption data was captured hourly, enabling precise analysis of energy usage patterns.

Initial targets set by Great Cosmo included an 8% reduction in electricity consumption. However, post-installation analysis revealed a 17% reduction—more than double the original goal. This was accompanied by a 5% voltage optimisation, confirming the system’s effectiveness in stabilising electrical input and reducing unnecessary energy draw.

The verified results translated into substantial environmental and financial benefits. Based on Great Cosmo’s estimated maximum monthly demand of 168,071 kWh, the optimisation system is projected to save RM 121,040 annually in electricity costs. Over a 10-year horizon, this equates to over RM 1.2 million in savings and a reduction of nearly 2,600 tonnes of CO₂ emissions, reinforcing the long-term value of the initiative.

The Insights

The Great Cosmo Voltage Optimisation project showcased the transformative potential of data-driven energy solutions. Through collaboration with UOB Finlab and Co.Efficient Alpha, the initiative demonstrated how targeted interventions can yield measurable improvements in sustainability and profitability.

Energy Consumption Reduction

Post-installation data revealed a 17% drop in electricity usage, exceeding the initial target of 8%.
This reduction equates to 13,445 kWh saved monthly, with corresponding savings of RM 4,702 and 10 tonnes of CO₂.

Voltage Stabilisation

Voltage levels were optimized from an average of 247V to 234V, improving system efficiency and reducing strain on electrical infrastructure.
The 5% voltage reduction confirmed the system’s operational integrity and alignment with design expectations.

Long-Term Impact

Over five years, Great Cosmo is projected to save RM 605,198 and reduce emissions by 1,300 tonnes.
These results support broader ESG goals and demonstrate the scalability of voltage optimisation across industrial operations.z

Operational Planning and Data Integration

Time-based analysis of energy consumption enabled better capacity planning and resource allocation.
All data collected is suitable for integration into sustainability disclosures and ESG reporting frameworks, enhancing transparency and accountability.

Addressing Real Challenges with Impactful Solutions

Great Cosmo’s energy optimisation initiative provides a replicable model for industrial sustainability. By leveraging voltage optimisation technology and real-time data analytics, the company has significantly reduced its environmental footprint while improving operational efficiency.

The collaboration with UOB FinLab and Co.Efficient Alpha underscores the importance of cross-sector partnerships in driving innovation. With verified results and scalable outcomes, Great Cosmo is well-positioned to expand its sustainability efforts and contribute meaningfully to Malaysia’s green transition.

Advancing Sustainability Efforts Together

UOB FinLab is honoured to lead the GreenTech Accelerator 2024, a program that highlights the power of collaboration in tackling real-world sustainability issues—demonstrated through the partnership between Co.Efficient Alpha and Great Cosmo.

The programme demonstrates our ongoing commitment to build a sustainable future by providing access to masterclasses, mentorships and networking opportunities. Programme participants can deepen business connections through UOB FinLab’s vast network of over 33,000 industry leaders including government agencies, solutions providers, and private and public businesses.

UOB FinLab will continue to accelerate sustainability innovation in ASEAN and has plans to launch more programmes focusing on driving adoption and innovation in sustainability in 2025. Stay up to date by following us on LinkedIn and subscribe to our newsletter.