Berita Harian Malaysia

Tag: #MOU

  • Leader Energy and BASF Join Hands: A Milestone MOU

    SELANGOR, 5 OCTOBER 2023 – Leader Energy Holding Berhad (“Leader Energy”), through its wholly-owned subsidiary Leader Energy Ventures Sdn Bhd, inked a Memorandum of Understanding (“MOU”) today with BASF Stationary Energy Storage GmbH (“BSES”). BSES, a wholly-owned subsidiary of the German chemical company BASF SE, holds the exclusive global distribution rights for sodium-sulphur batteries (“NAS® Batteries”) manufactured by NGK Insulators, Ltd., Japan. Leader Energy, in collaboration with its subsidiaries and jointly controlled entities, operates as an independent power producer primarily engaged in the development, ownership, operations, and maintenance of power assets and projects.

    Under the MOU, Leader Energy and BSES intend to establish a strategic partnership to promote the development of long-duration energy storage (“LDES”) projects in Southeast Asia including Malaysia. Leader Energy seeks to deliver comprehensive turnkey solutions for these projects and use NAS® Batteries which will be supplied by BSES. Pursuant to this, Leader Energy has identified 8 LDES projects with a total estimated value of RM1.8 billion.

    Leader Energy’s Executive Deputy Chairman, Dato’ Sean H’ng said, “As we embark on our continuous pursuit towards net zero emissions, we are proud to announce our strategic partnership with BSES. Our commitment towards sustainability is evident as showcased by the list of projects we intend to be involved in using NAS® Batteries. This collaboration will allow us to leverage on each other’s skillset to penetrate further into the power industry in Southeast Asia while offering more comprehensive solutions which will make renewable energy a more reliable and viable option. In addition, it will alleviate the concerns for night time practicality, when solar irradiance is unavailable. Ultimately, we intend to encourage others to gradually embrace the push towards a more sustainable future.”

  • Green Revolution Gains Momentum: IGEM 2023’s Net Zero Agenda

    The 14th International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM 2023), aiming for RM4 billion in business opportunities and 40,000 attendees from 40 nations, was officially inaugurated today. The ceremony was led by YAB Dato’ Sri Haji Fadillah Haji Yusof, the Deputy Prime Minister representing YAB Dato’ Seri Anwar Ibrahim, the Prime Minister of Malaysia, in the presence of cabinet members, ambassadors, international delegates, and other esteemed guests.

    Organised by the Ministry of Natural Resources, Environment and Climate Change (NRECC) and co-organised by the Malaysian Green Technology and Climate Change Corporation (MGTC), IGEM 2023, Southeast Asia leading trade event for green technologies and eco solutions, has an impressive track record of having delivered RM41 billion in business leads, over 530,000 visitors from over 112 countries since 2010.

    Referring to the Prime Minister’s speech YAB Dato’ Sri Haji Fadillah bin Haji Yusof said, “Transitioning to a net-zero world calls for nothing less than a complete transformation of how we produce, consume, and move about. A growing coalition of countries, cities, businesses, and other institutions are pledging to get to net-zero emissions. More than 70 countries have set a net-zero target.”

    “Without a doubt, IGEM 2023 plays a decisive leadership role in accelerating and delivering the region’s Net Zero and just energy transition agenda. There are enormous opportunities to steer us to sustainability while ensuring robust economic and social progress. Something that is exemplified in the Malaysia Madani way of life that my government is strongly advocating and adopting,” he added.

    During the opening ceremony, YAB Dato’ Sri Haji Fadillah bin Haji Yusof unveiled the much-awaited Hydrogen Economy and Technology Roadmap, to unlock the prospect of harnessing a new energy carrier and the knock-on economic effects it would bring. Additionally, Leader Energy signed a strategic partnership with BASF Stationary Energy Storage GmbH, to promote the development of long-duration energy storage projects in Southeast Asia, having already identified 8 LDES projects with a total estimated value of RM1.8 billion.

    YAB also witnessed the signing of a memorandum of understanding (MoU) among PMB Aluminium Sdn. Bhd., Sumitomo Corporation Asia & Oceania Pte. Ltd and Nandina Remanufacturing Pte. Ltd. to expand the use of raw materials derived from retiring aircraft such as airplanes and helicopters, aligning with their shared vision of growing the circular economy to drive sustainable manufacturing.

    Furthermore, during the opening ceremony, Tenaga Nasional Berhad unveiled the Malaysia Green Attribute Trading System, or mGATS, as a national marketplace for Malaysia Renewable Energy Certificates (mREC), as part of the Government’s efforts to further propel the RE sector.

    Delivering the welcoming remarks, Minister of Natural Resources, Environment and Climate Change, YB Nik Nazmi Nik Ahmad said, “Having had the opportunity yesterday to personally meet with some of the delegates, visit the exhibition floor and take part in some of the conference sessions, it is clear to me that IGEM’s role as one of ASEAN’s leading trade events for green tech and eco products remains as relevant today as it was when its doors first opened in 2010.”

    “The government’s energy transition intent under the National Energy Transition Roadmap augurs well with my Ministry’s current effort to decarbonise the power sector through accelerated deployment of RE capacity in our power installed capacity from the existing 25% to 70% in 2050,” he concluded.

    The exhibition floor is organised by the sub-themes of Empowering Cities, Electrifying Mobility, Decarbonising Energy, Accelerating Circularity and Conserving Biodiversity with leading corporations such as UOB, Cypark Resources Berhad, Polymateria Limited, Bio Eneco, Lenovo, Canadian Solar and Cradle Fund making a presence with their impressive booths. The exhibition also features pavilions for Austria and Canada.

    Some of the prominent Malaysian participants include the Ministry of Health (MOH), the Ministry of Science, Technology and Innovation (MOSTI) and the state of Sabah, to name just a few. A key highlight of IGEM this year is the AtoZero ASEAN Summit which is co-located and runs concurrently with the event. Powered by Gentari, the Summit convenes the who’s who from across the net zero value chain, including key decision makers and changemakers to comprehensively explore pathways, policies and business opportunities to drive the global net zero transition agenda.

    IGEM is hosting several conferences on topics such as climate change, low-carbon cities, science and innovation, hydrogen economy, waste management, circular economy, water, energy efficiency and the United Nations Sustainable Development Goals.

    IGEM is also featuring the much-in-demand business networking sessions organized by the Malaysian Investment Development Authority (MIDA), Malaysia External Trade Development Corporation (MATRADE) and MGTC.

    During the three-day event, numerous Memoranda of Understanding (MoUs) are being signed between Malaysian and international parties, reinforcing their commitment to collaborate in the race towards net zero.

    For further details on IGEM 2023, please visit www.igem.my.

  • Advancing Innovation: Leader Energy and BMW Group Malaysia Join Forces

    SELANGOR, 6 OCTOBER 2023 – Leader Energy Holding Berhad, through its wholly-owned subsidiary, Leader EV Solutions Sdn Bhd, has signed a Memorandum of Understanding with BMW Malaysia Sdn Bhd. The MOU aims to feature the BMW brand at all of Leader EV’s Galaxy Charge stations along the North-South Highway in Malaysia and collaborate on campaigns to promote vehicle charging for BMW-affiliated brands at Leader EV’s Galaxy Charge network. Leader Energy, along with its subsidiaries and jointly controlled entities, is an independent power producer primarily engaged in the development, ownership, operation, and maintenance of power assets and projects.

    Under the MOU, Leader EV will be responsible for the development, installation, operation and maintenance of the Galaxy Charge network. In addition, Leader EV is to actively promote and create awareness on electric vehicle charging technology while BMW is to fulfil the access of public charging solutions via a subscription or members programme through Leader EV’s Galaxy Charge network.

    Leader Energy’s Executive Deputy Chairman, Dato’ Sean H’ng said, “We are excited to embark on this journey with BMW Group Malaysia to further enhance the use and charging of electric vehicles through Leader EV’s Galaxy Charge network in Malaysia. With the consistent growth trajectory of Malaysia’s Electric Vehicles (“EV”) market, we anticipate higher demand for EV charging stations in the near future. Through this collaboration, we believe that we will be well-positioned to capture a larger share of the market with our EV charging infrastructure. Our charging projects on the North-South Highway is a stepping stone platform in growing our network across Malaysia. With the collective efforts of both parties involved, we are very optimistic in achieving a mutually beneficial outcome from this collaboration.”

    Head of Corporate Communications and Sustainability at BMW Group Malaysia, Sashi Ambi said, “As the leading provider of premium EVs in Malaysia, we are always looking out for strategic partnerships to drive the development of a thriving EV ecosystem forward. Our latest initiative with Leader Energy exemplifies both our shared commitments towards enhancing public access to charging infrastructure nationwide and alleviating range anxiety, especially on a long-distance journey. With this MOU, we look forward to expanding our charging network of over 1,000 facilities even further and providing our customers with a complete premium EV ownership experience.”

  • Leader Energy and Solarvest Collaborate for Regional Ventures in Renewable Energy

    SELANGOR, 6 OCTOBER 2023 – Leader Energy Holding Berhad (“Leader Energy”) and Solarvest Holdings Berhad (“Solarvest”) have taken a significant step towards advancing sustainable initiatives within the Southeast Asia (“SEA”) region. The Memorandum of Understanding (“MOU”) signed by both entities signifies their shared commitment to exploring and developing projects that prioritize sustainability, including renewable energy ventures and eco-friendly initiatives. This collaboration underscores their dedication to promoting clean energy adoption and fostering environmental responsibility across the region. Leader Energy, alongside its subsidiaries and jointly controlled entities, continues to play a pivotal role as an independent power producer, actively engaged in the development, ownership, operations, and maintenance of various power projects, bolstering sustainability efforts in the energy sector.

    Under the MOU, the collaboration will primarily focus on the exploration and development of renewable energy, including solar energy, battery energy storage systems, Energy-as-a-Service, as well as other sustainable energy applications. The partnership aims to leverage on the expertise of both parties to deliver innovative solutions within the SEA region and ultimately contribute to the achievement of net-zero emissions goal.

    Leader Energy’s Executive Deputy Chairman, Dato’ Sean H’ng said, “We are grateful to explore the opportunity to collaborate with Solarvest. Considering the ongoing decarbonisation efforts in the SEA region, where numerous countries have set ambitious net-zero targets, this potential collaboration enables us to bolster our footprint in the region. It will position us well to capture untapped opportunities with new green technologies within the region and maximise our contribution towards our net-zero emissions goal. With the collective efforts of both parties, we are optimistic of achieving a fruitful outcome from this collaboration.”

    Solarvest’s Executive Director and Group Chief Executive Officer, Mr. Davis Chong Chun Shiong, said the collaboration is the latest step in the company’s efforts to be a leading clean energy leader in the region. “Southeast Asia is arguably the most exciting region in the world now, with a relatively young, newly affluent, and increasingly eco-conscious consumer population. We are excited to be working with Leader Energy to deliver new and exciting energy solutions to a much broader group of consumers. Indeed, this collaboration is very well aligned with Solarvest’s own 5-Year Strategic Roadmap, aimed at positioning the company as an expert on clean, regenerative energy.”