Leader Energy inks MoU with BASF to develop long-duration energy storage projects

PETALING JAYA: Leader Energy Holding Bhd has signed a memorandum of understanding with Germany-based BASF Stationary Energy Storage GmbH to promote the development of long-duration energy storage (LDES) projects in South-East Asia including Malaysia.

In a statement, Leader Energy said it seeks to deliver comprehensive turnkey solutions for these projects and use NAS Batteries that will be supplied by BASF.