As Malaysia is at a critical point in its green energy transition, energy storage is key to the transformation as it allows for effective management of renewable energy (RE) and supports the development of a sustainable, low-carbon future.
According to Citaglobal executive director of energy division, Aimi Aizal Nasharuddin, while Malaysia incorporates more RE into the grid, the focus must be on developing resilient and flexible systems that can meet evolving demands.
“With battery energy storage systems (BESS) like the Malaysia Battery Energy Storage System (MYBESS), we are not only setting a foundation for energy security but also delivering a firm supply of RE at cost-competitive tariffs.
“Incentives like the Corporate Renewable Energy Supply Scheme (CRESS) also pave the way for greater corporate adoption of clean energy,” he said.
Currently, the country’s energy grid is predominantly supported by thermal-based power plants utilising coal and natural gas as fuel, which faces the challenge of balancing the intermittent power contributed by the influx of grid-connected solar power stations.
“Citaglobal’s MYBESS, developed in partnership with Genetec, can play a critical role in stabilizing the grid by providing frequency regulation, load balancing, voltage stabilization and smoothing the power fluctuations through efficient storage and release of surplus energy,” Aimi Aizal said.
MYBESS is designed to store and release surplus energy efficiently, providing backup support that helps stabilise the grid and enhances Malaysia’s capacity to handle intermittent energy sources like solar.
Meanwhile, 3 companies have successfully met the requirements to participate in the online bidding for a pilot to supply renewable energy (RE) across borders to Singapore through the Energy Exchange Malaysia (ENEGEM).
The Ministry of Energy Transition and Water Transformation (PETRA) said that 2 Singaporean companies were successful in their bid to secure 100 megawatts (MW) of green electricity with cross-border supply agreements currently being finalised.
“In conducting this cross-border RE trade, the government is committed to safeguarding the nation’s interests and ensuring mutual benefits,” PETRA said in a statement.
The ministry also stated that priority will be given to meeting the country’s growing demand for green electricity.
At the same time, the focus is also on attracting high-value investments that require green electricity, including from Singapore, particularly to the Johor-Singapore Special Economic Zone, creating new economic opportunities and generate wealth for the local RE industry.
