Solvarvest and AGMO form joint venture to lead digital revolution in clean energy sector 

• To include Vestech EcoHomes solutions & Powerbee green EV charging ecosystem
• Will develop digital applications that enhance the efficiency, scalability of clean energy solutions

Solarvest Holdings Berhad and Agmo Holdings Berhad have announced a strategic joint venture aimed at transforming Malaysia’s clean energy sector through advanced digital solutions. The partnership was unveiled during the 6th International Sustainable Energy Summit (ISES) 2024, with the Deputy Prime Minister, Haji Fadillah Bin Haji Yusof, in attendance.

This collaboration will see Solarvest Energy Sdn. Bhd. (a subsidiary of Solarvest) and Agmo Capital Sdn. Bhd. (a subsidiary of Agmo) working together to develop digital applications that enhance the efficiency and scalability of clean energy solutions. The initial focus will be on improving Solarvest’s existing offerings, including its Vestech EcoHomes solutions and the Powerbee green Electric Vehicle (EV) charging ecosystem.

Davis Chong Chun Shiong, executive director and group CEO of Solarvest, emphasized that this partnership represents a significant advancement in their mission to innovate within the clean energy sector. “Our collaboration with Agmo marks a significant leap forward in our mission to drive innovation and sustainability in the clean energy sector. The digital app we are developing will revolutionise how we manage and scale clean energy solutions, offering a seamless, integrated experience for users. This partnership highlights our commitment to advancing renewable energy and showcases our proactive approach to meeting the industry’s evolving needs. Together, we are leading a digital transformation that will enhance the scalability and global impact of sustainable energy solutions”, he said.

Agmo’s CEO, Tan Aik Keong, expressed enthusiasm for the collaboration, highlighting the potential for their technological expertise to revolutionize clean energy accessibility. “We are excited to embark on this collaboration with Solarvest, leveraging our technological expertise to propel the clean energy revolution forward. This innovative initiative in the clean energy sector demonstrates our commitment to leading industry innovation. By combining Solarvest’s extensive expertise in clean energy with our advanced digital solutions, this application is poised to be a game-changer, offering a comprehensive platform that makes clean energy more accessible and manageable for both businesses and consumers, effectively supporting Malaysia’s sustainability goals” he added.

As the clean energy sector continues to evolve, this initiative is expected to play a crucial role in meeting Malaysia’s sustainability targets by providing a seamless, integrated approach to clean energy services. The JV was announced at the recently concluded 6th International Sustainable Energy Summit (ISES) 2024, a key event for sustainable energy dialogue and innovation. Organized by the Sustainable Energy Development Authority (SEDA) Malaysia and hosted by the Ministry of Energy Transition and Water Transformation (PETRA), the summit’s theme of “Accelerating Energy Transition Through Innovation” reflected Malaysia’s commitment to leading the ASEAN region in the global energy transition through innovative technologies and approaches.