Yinson's ESS investment presents enormous growth potential

KUALA LUMPUR: Yinson Holdings Bhd could be tapping into a huge growth opportunity in the global marine energy storage solutions (ESS) market following its recent stake purchase in Sterling PBES Energy Solutions Ltd (SPBES).

The group announced in a filing with Bursa Malaysia yesterday that it had invested in the Canada-based ESS provider through its Singapore-based subsidiary Yinson Venture Capital Pte Ltd.