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Tag: #LEADERENERGY

  • Advancing Together: Leader Energy and BASF’s MOU

    SELANGOR, 5 OCTOBER 2023 – Leader Energy Holding Berhad (“Leader Energy”), through its wholly-owned subsidiary, Leader Energy Ventures Sdn Bhd, has recently entered into a Memorandum of Understanding (“MOU”) with BASF Stationary Energy Storage GmbH (“BSES”). BSES, a fully-owned subsidiary of the German chemical company BASF SE, acts as the exclusive global distributor for sodium-sulfur batteries (“NAS® Batteries”) manufactured by NGK Insulators, Ltd., Japan. Leader Energy, along with its subsidiary companies and jointly controlled entities, specializes in independent power generation, primarily focusing on 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.”

     

  • Leader Energy and Solarvest Unite to Pursue Regional Growth Prospects

    Leader Energy and Solarvest Unite to Pursue Regional Growth Prospects

    SELANGOR, 6 OCTOBER 2023 – In this strategic collaboration, Leader Energy Holding Berhad (“Leader Energy”) and Solarvest Holdings Berhad (“Solarvest”) will pool their expertise and resources to explore and drive sustainable initiatives across the Southeast Asia (“SEA”) region. This partnership aims to contribute significantly to the advancement of sustainability within the energy sector and beyond. Leader Energy, along with its subsidiaries and jointly controlled entities, holds a prominent role in the independent power producer sphere, specializing in the development, ownership, operations, and maintenance of power assets and projects.

    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.”