Siemens and Progressture Solar join forces to support Malaysia's shift to green energy


From left: Siemens Asean & Malaysia head of finance, digital industries Thang Yuet Yeng, Siemens Malaysia president and CEO Tindaro Danze, Progressture Solar co-founder, chief executive officer Cliff Siaw and Progressture Solar co-founder, chief operating officer Ng Yew Weng.

KUALA LUMPUR: Siemens and Progressture Power Sdn Bhd (Progressture Solar) have teamed up to drive Malaysia's green energy transition agenda forward through digitisation technologies.

The two companies have inked a memorandum of understanding (MoU) at the Smart Nation Expo 2023 to advance converged energy solutions that integrates energy efficiency (EE) and renewable energy (RE).

In a joint statement, it said the partnership aims to engage and collaborate with industry players to deliver seamless energy solutions that enable substantial emissions reduction, and aid businesses to adopt sustainable, environmentally conscious business practices.

As enablers of industrial decarbonisation, Siemens and Progressture Solar are simplifying the adoption of renewable energy and energy efficiency through easy and accessible ownership models.

The partnership will also encompass technical support, resource sharing, and expertise exchange within the solar and energy market landscape between both companies.

"We are keenly aware of the challenges that businesses face when adopting clean energy solutions and energy-efficient technology, and that is why we are committed to present a wide spectrum of accessible and easy ownership models.

“From zero capex and outright purchase options to flexible leasing solutions, our goal is to ensure accessibility for all, regardless of their energy needs or financial constraints. In doing so, we will help businesses to reduce their energy costs, improve their overall operations and meet their ESG commitments,” Progressture Solar co-founder and chief operating officer Ng Yew Weng said.

Meanwhile, Siemens Malaysia president & CEO Tindaro Danze said: “Siemens is committed to transforming the industry and infrastructure sector in Malaysia through digitalization and automation. These are key levers enabling companies to use energy more efficiently, reduce carbon emissions, and therefore foster a more sustainable industry practice.”

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Kenanga Research raises automotive sector’s 2024 TIV projection to 740,000 units
Onsemi to cut 1,000 jobs globally
Ringgit opens lower against US dollar
Contract win sends Cabnet shares up 53%
FBM KLCI opens slightly higher but drifts lower
Trading ideas: Sunview, Solarvest, TH Plantations, Tex Cycle, Careplus, Taliworks, Apollo Food, Sapura Energy
AmBank selects 30 firms for BizRACE 4
Agreement on Project Nexus shared goals
Tex Cycle Technology proposes to buy Meridian World for RM55mil
Hanoi may allow firms to import gold

Others Also Read