PETALING JAYA: EI Power Bhd (EIP) is set to be known as the power behind data centres (DCs), having successfully established a strong foothold within the segment in Johor.
The power engineering firm has managed to capture a 30.8% share of the 13 operational DCs in Johor, and 66.7% of the six in the Kulai district.
As the group is poised to list on the ACE Market of Bursa Malaysia, TA Research said its growth prospects are looking bright – underpinned by rising demand from end-user industries, particularly DCs.
“The broader economic growth, expansion in commercial, industrial, and residential property markets, Malaysia’s solar energy push, and increased foreign and domestic investment are also factors that will boost EIP,” the research house said.
The group is set to build energy efficiency systems by leveraging its power engineering track record and Construction Industry Development Board G7 status.
“The group will offer three solutions – chiller plant optimisation, smart LED lighting, and air handling and fan coil unit upgrades, featuring smart sensors, automated controls, and high-efficiency equipment to lower electricity use.”
It also plans to introduce a zero-capital expenditure model where it funds, installs, operates, and maintains the systems under 10 to 15-year agreements, earning a share of verified energy savings to generate recurring revenue.
On building expansion, EIP is looking at establishing a new headquarters cum warehouse in Shah Alam to replace its current rental.
“The new facility will enhance the group’s corporate image, expand its workforce, and provide a dedicated space for office operations and equipment storage to support business growth.”
Furthermore, it said the group’s expansion into Thailand via its wholly-owned subsidiary EIP Thailand is a timely one.
