Citaglobal Genetec BESS Sdn Bhd, a 50:50 joint venture (JV) between Citaglobal Bhd and Genetec Technology Bhd, unveiled Malaysia’s first locally developed and produced battery energy storage system by showcasing its fully operational one-megawatt Battery Energy Storage System (BESS) prototype (MYBESS), which it piloted in end-2022 and now supports the energy needs of Genetec’s EPIC plant.
The latest development follows the October 2022 agreement between Citaglobal and Genetec to develop battery storage management systems to store and manage excess power from renewable energy (RE) generation.
MYBESS caters to different industry verticals, from transport, manufacturing, energy supply and distribution, to telecommunications, especially in grid integration to manage intermittent RE resources.
International Trade and Industry Minister said MYBESS will help catalyze the local RE ecosystem and the decarbonization of the country’s economy over the middle to longer term. For the Ministry, one priority under the new investment policy involves strengthening Malaysia’s environmental, social and governance (ESG) agenda adoption, in support of Malaysia’s net zero emissions target by 2050, and a key component of this is to rethink how we generate, distribute, store, supply and consume energy.
Genetec founder and managing director highlighted how he sees opportunities to supply the locally developed end-to-end battery energy storage system solution in neighboring Asian countries.
(Source: Malaysian Investment Development Authority)
