Solarvest Holdings Berhad, a leading provider of clean energy solutions in Malaysia, has announced a strategic joint venture with Agmo Holdings Berhad, a digital solutions and application development firm. This collaboration aims to co-develop digital clean energy applications to enhance the clean energy sector. The joint venture, formed between Solarvest Energy Sdn. Bhd., a wholly-owned subsidiary of Solarvest, and Agmo Capital Sdn. Bhd., a wholly-owned subsidiary of Agmo, will focus on creating digital solutions to streamline and automate the clean energy project lifecycle.
The joint venture will capitalize on Solarvest’s established project track record and Agmo’s technological expertise, initiating development in several phases. The first phase will involve enhancing Solarvest’s current offerings, such as the Vestech EcoHomes solutions, the Powerbee green Electric Vehicle (EV) charging ecosystem, and Renewable Energy Certification management. By digitizing these solutions, Solarvest aims to optimize its clean energy offerings and project management processes, addressing the growing demand for clean energy. Additionally, the company plans to pilot these innovative applications to ensure their efficacy before a wider market launch.
Once successfully implemented, the new applications are expected to provide significant benefits to the community by improving visibility in clean energy product and project development. The fast-evolving clean energy sector requires seamless solutions that integrate services and simplify business operations. This initiative will be crucial for Malaysia in achieving its renewable energy targets, enabling businesses to scale their operations through a digitalized and automated approach. Furthermore, Solarvest is exploring various clean energy solutions, including hydrogen, battery storage, data centers, energy efficiency, low-carbon mobility, and renewable energy certificates, while Agmo focuses on digitalizing business operations through tailored digital platform-based services across multiple industries, including healthcare, logistics, and finance.
(Sources: The Malaysian Reserve; TNGlobal)
