ENERtec Asia 2024 enhances focus on BESS by introducing battery and EV tech segment
06 Jun 2024
The upcoming ENERtec Asia 2024 will enhance its focus on Battery Energy Storage Systems (BESS) with the introduction of a new segment: battery and electric vehicle (EV) tech (energy storage and EV technology and solutions).
ENERtec Asia, organised by Informa Markets, will be held from 26 to 28 June 2024.
Informa Markets Gerard country general manager Leeuwenburgh said including battery and EV tech marked a turning point for Southeast Asia’s BESS industry.
“This positions Malaysia as a leader in the region’s energy transformation by accelerating innovation and attracting investment in BESS solutions,” he said.
Malaysian Investment Development Authority (MIDA) chief executive officer Sikh Shamsul Ibrahim Sikh Abdul Majid said the transformative power of BESS in Malaysia extends far beyond environmental benefits.
“With incentives like the Green Investment Tax Allowance (GITA), we’re creating an enticing platform for both local and international renewable energy investors.
“The integration of BESS is a monumental leap forward for Malaysia, propelling us toward a future powered by green energy,” he said in a joint statement from MIDA and Informa Markets today.
Sikh Shamsul said they anticipate significant emissions reductions, enhanced grid reliability, and a surge in green investments. Malaysia is on track to become a global hub of sustainable development and environmental stewardship.
The statement said that aligned with Malaysia’s ambitious goal of becoming a net-zero emission nation by 2050, MIDA has formed a strategic collaboration with Informa Markets to drive innovation, attract investment, and position Malaysia as a leader in the region’s energy transformation.
“The nation is also strategically positioned to leverage BESS to achieve its 2050 renewable energy target of 70 per cent.
“Under the Malaysia Renewable Energy Roadmap (MyRER), the nation outlines targets and investments for BESS projects as part of its energy transition plan,” the statement added.
Source: Bernama
