PETALING JAYA: Meta Bright Group Bhd
is expanding its presence in the renewable energy sector through a strategic joint venture to provide total energy solutions.
Meta Bright Group is a Main Market-listed company with diversified operations in property development, hospitality, investment property, renewable energy, leasing and financing and concrete business sectors.
In conjunction with the said expansion, Meta Bright Group said in a statement that it had partnered with United Success Holding Pte Ltd and Yang Lei to establish Meta Bright Solutions Sdn Bhd to develop and operate battery energy storage systems (BESS), electric vehicle (EV) charging infrastructure and energy efficiency solutions (EE) in Malaysia and potentially across South-East Asia.
“Meta Bright Energy Sdn Bhd, a wholly-owned subsidiary of Meta Bright Group, will hold a 55% controlling stake in the joint venture, with United Success and Yang Lei owning 10% and 35%, respectively.”
The group said the initiative aligns with Malaysia’s National Energy Transition Roadmap (NETR), which seeks to increase renewable energy’s gross domestic product contribution to RM220bil by 2050 while reducing carbon emissions in the energy sector by 32%.
“With the government’s RM300mil allocations under Budget 2025 for renewable energy, Malaysia is accelerating grid modernisation, energy efficiency initiatives, and renewable energy adoption— Meta Bright is well-positioned to capitalise on the growing demand for BESS EV charging infrastructure and EE solutions.
“To strengthen its technological capabilities, the joint venture has signed an exclusive technical support agreement with YTKJ.”
Meta Bright Group said YTKJ is backed by Ningbo Urban Construction Investment Holding Co Ltd, one of China’s state-backed urban infrastructure developers, reinforcing the joint venture’s strong technological and financial foundation.
“YTKJ collaborated with Ningbo Joyson Electronic Co Ltd to produce and manufacture BESS,” said the company.
