KUALA LUMPUR, Aug 20 (Bernama) -- Solarvest Holdings Bhd’s subsidiary Solarvest Energy Sdn Bhd, a clean energy provider, has formed a joint venture (JV) with digital solutions specialist Agmo Holdings Bhd’s unit Agmo Capital Sdn Bhd to co-develop digital applications for the clean energy sector.
The JV company, to be owned 70 per cent by Solarvest and 30 per cent by Agmo, aims to develop digital applications that will significantly enhance efficiency, scalability, and user experience across the clean energy landscape.
“This initiative is set to digitalise various clean energy solutions, starting with enhancements to Solarvest’s existing offerings, including Vestech EcoHomes solutions, Powerbee green electric vehicle (EV) charging ecosystem, and Renewable Energy Certification management,” the partners said in a joint statement.
The JV agreement signing was witnessed by Deputy Prime Minister Datuk Seri Fadillah Yusof, who is also the Minister of Energy Transition and Water Transformation.
It was held today on the sidelines of the 6th International Sustainable Energy Summit (ISES) 2024 organised by the Sustainable Energy Development Authority (SEDA).
Solarvest Holdings group chief executive officer Davis Chong Chun Shiong said the digital app the company is developing will revolutionise how clean energy solutions are managed and scaled.
“This partnership highlights our commitment to advancing renewable energy and showcases our proactive approach to meeting the industry's evolving needs.
“Together, we are leading a digital transformation that will enhance the scalability and global impact of sustainable energy solutions,” he said.
Meanwhile, Agmo Holdings chief executive officer Tan Aik Keong highlighted the potential impact of the venture.
“We are excited to embark on this collaboration with Solarvest, leveraging our technological expertise to propel the clean energy revolution forward.
“This innovative initiative demonstrates our commitment to industry innovation, combining Solarvest’s clean energy expertise with our advanced digital solutions to create a comprehensive platform for managing and accessing clean energy,” he said.
-- BERNAMA
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