Malaysia's leading clean energy provider, Solarvest Holdings Berhad, and homegrown digital solutions specialist Agmo Holdings Berhad, have announced a strategic joint venture aimed at advancing the clean energy sector through digital innovation.
The partnership, unveiled during the 6th International Sustainable Energy Summit (ISES) 2024, was witnessed by Deputy Prime Minister and Minister of Energy Transition and Water Transformation, Dato' Sri Haji Fadillah Bin Haji Yusof. This joint venture is set to significantly transform Malaysia's clean energy landscape by developing digital applications designed to streamline and enhance the clean energy project lifecycle.
The collaboration involves Solarvest Energy Sdn. Bhd., a wholly-owned subsidiary of Solarvest, and Agmo Capital Sdn. Bhd., a wholly-owned subsidiary of Agmo. By leveraging Solarvest's robust project experience and Agmo's technological capabilities, the venture aims to refine Solarvest's existing offerings. This includes enhancements to Vestech EcoHomes solutions, the Powerbee green Electric Vehicle (EV) charging ecosystem, and Renewable Energy Certification management.
The project will unfold in multiple stages, beginning with improvements to Solarvest's current solutions. These will be digitalised to optimise clean energy offerings and project management processes, catering to the increasing demand for sustainable energy. Solarvest plans to pilot these new applications to ensure their effectiveness before a full market launch. Once successfully implemented, these digital solutions are expected to enhance the visibility and development of clean energy products and projects across the community.
The initiative addresses the need for streamlined clean energy services and simplified business operations. It is anticipated to play a crucial role in helping Malaysia achieve its renewable energy targets, enabling businesses to scale operations through a digitalised, automated approach. This venture underscores the commitment of both companies to advancing innovation and growth in the clean energy sector.
Davis Chong Chun Shiong, Executive Director and Group Chief Executive Officer of Solarvest Holdings Berhad, stated, "Our collaboration with Agmo represents a major advancement in our drive for innovation and sustainability in the clean energy sector. The digital application we are developing will transform how we manage and expand clean energy solutions, providing a seamless, integrated experience for users. This partnership highlights our dedication to renewable energy and our proactive approach to addressing the evolving needs of the industry."
Tan Aik Keong, Non-Independent Executive Director & Chief Executive Officer of Agmo Holdings Berhad, expressed enthusiasm about the partnership, saying, "We are thrilled to join forces with Solarvest, combining our technological expertise to propel the clean energy revolution. This innovative initiative will be pivotal in advancing the sector, offering a comprehensive platform that makes clean energy more accessible and manageable for both businesses and consumers, and supporting Malaysia's sustainability goals."
