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.
It has identified eight LDES projects with a total estimated value of RM1.8bil.
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