Energy & Technology

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Government Saves RM10.5 Bil in Cumulative Energy

KUALA LUMPUR: Cumulative energy savings during the implementation of the National Energy Efficiency Action Plan (NEEAP) to date is 39,382 Gigawatt hours (GWh) equivalent to RM10.5 billion, according to the Ministry of Energy Transition and Water Transformation (PETRA). According to the ministry, until December 2023, the annual energy saving rate that has been achieved is 5.9% or 8,667 GWh which is worth more than RM2.11 billion. PETRA said energy users including data centre operators who use electricity equivalent to or exceeding 3 million kilowatt hours in 6 consecutive months are subject to the Efficient Management of Electrical Energy Regulations 2008 (EMEER 2008). “To date, there are 22 data centres regulated under EMEER, of which 20 data centres are located in Selangor and Kuala Lumpur, one data centre in Penang and one data centre in Johor Bahru,” said the ministry in a written reply to Datuk Mohd Shahar Abdullah’s (BN-Paya Besar) question regarding actions to promote energy efficiency in data centre operations and electricity and water reserve margins. The ministry said the Malaysian Communications and Multimedia Commission as the regulatory agency related to data centres is developing a technical code regarding green data centre specifications. The code addresses energy usage to improve energy efficiency in data centres and at the same time reduce carbon emissions from the sub-sector. Meanwhile, PETRA is also finalising the Energy Efficiency and Conservation Bill to strengthen the legal framework related to energy efficiency. “When this act is enforced on the industrial, commercial and residential sectors including data centres later, the government expects the national energy consumption savings until 2050 to reach 2,017 million Gigajoules equivalent to RM97.1 billion with a reduction in carbon emissions of 197,877 kilotonnes of CO2, it said. Meanwhile, to ensure that the projected electricity supply margin reserve is always at least at the minimum level of 25% due to the entry of data centres into the country, the Planning and Implementation Committee for Electricity Supply and Tariff (JPPPET) on 24 May 2024 has approved the Peninsular Malaysia Electricity Supply Development Plan 2024-2050 to ensure the security of electricity supply can be met. As an immediate mitigation plan, the JPPPET meeting also identified that several power plants will have their operating periods extended to ensure the security of electricity supply due to the inclusion of the data centres. “For the long term, additional new generation capacity of 70MW in 2030 and 2.8GW between 2031-2034 has been planned in the Peninsular Malaysia Electricity Supply Development Plan 2024-2050,” it said. As for the water reserve margin, PETRA said the National Water Services Commission recommends a comfortable reserve margin of between 10% and 15%. In 2023, the average margin reserve of treated water for Peninsular Malaysia and the Federal Territory of Labuan is 14.7%. “Based on this record, the margin reserve for treated water supply remains stable to support increased data centre investments into the country,” it added. — BERNAMA

Energy & Technology, News

Petronas Gears Up For LNG Canada With Addition of 3 New LNG Vessels

KUALA LUMPUR: Petronas has geared up ahead of the “start-up” of its LNG Canada project by adding 3 new energy-efficient liquefied natural gas (LNG) vessels built primarily for deliveries from North America to its customers. With the addition of the 3 new vessels, namely Puteri Sejinjang, Puteri Mahsuri and Puteri Mayang, the total number of LNG vessels dedicated to Petronas operations in North America stands at 6. “These were preceded by the delivery and naming of the first three vessels, Puteri Saadong, Puteri Ledang, and Puteri Santubong in January 2024,” Petronas said in a statement. The vessels, built at the Hyundai Heavy Industries (HHI) shipyard in Ulsan, South Korea, each have a cargo capacity of 174,000 cubic meters and are the largest ships within Petronas’ multi-sized fleet of vessels. Petronas Chief Operating Officer Adnan Zainal Abidin said LNG, a key component for just energy transition, is here to stay for the foreseeable future. “With the arrival of these new vessels, Petronas reinforces its commitment to deliver this much-needed fuel of choice to its customers in a cost-efficient and reliable manner,” it said. Petronas has a 25% stake in LNG Canada in Kitimat, British Columbia, which is one of the lowest carbon emissions intensity plants in the world. The facility is slated for start-up in the latter part of 2024. “With the strategic expansion of its LNG fleet, Petronas not only ramps up its readiness for the upcoming start-up of LNG Canada but also underscores its commitment as a progressive energy partner providing lower-carbon solutions for its customers,” the national oil company said. — BERNAMA

Energy & Technology, News

NETR Expected to Attract RM60.7 Bil Investments

KUALA LUMPUR: The latest estimates on the effectiveness of the National Energy Transition Roadmap’s (NETR) flagship projects and initiatives show investments involved will be worth RM60.7 billion instead of the initial projection of RM25 billion when the roadmap was launched on 29 August 2023. The Economy Ministry said this was based on the March 2024 progress report, which also shows that 84,544 job opportunities would be created (development and post-project) compared with the initial forecast of 23,000 jobs. Furthermore, the reduction in greenhouse gas (GHG) emissions is now estimated at 24,264 gigagrams of carbon dioxide equivalent (Gg Co2eq) per year compared with 10,000 Gg co2eq per year that was initially forecast, the ministry said in a written reply posted on the Parliament website. This was in response to Datuk Seri Dr Shahidan Kasim’s (PN-Arau) request for a status report on the NETR and the New Industrial Master Plan (NIMP) 2030. The ministry added that the government is committed to ensuring the energy transition management is based on the whole-of-nation approach encompassing the Federal Government, state governments, general public and international community for a unified policy planning and implementation in balancing the energy trilemma of security, affordability and sustainability. “The effectiveness in the NETR implementation is expected to increase the contribution to the national gross domestic product, create job opportunities, enhance the people’s socioeconomic status and ensure energy security and environmental sustainability,” it added. — BERNAMA

Energy & Technology, News

ICPT Mechanism to Have No Impact on Business Operations

KUALA LUMPUR: The implementation of the Imbalance Cost Pass-Through (ICPT) mechanism will be neutral and not affect the company’s business operations and financial positions.   In a filing with Bursa Malaysia, Tenaga Nasional Bhd (TNB) said that the Ministry of Energy Transition and Water Transformation’s (PETRA) recent announcement follows the government’s decision to continue the ICPT mechanism from 1 July to 31 December 2024. “The decision was made to address the additional generation costs due to higher fuel prices used for electricity supply from 1 January to 30 June 2024. “To date, the government has successfully implemented 20 cycles of ICPT since the mechanism’s introduction in 2015,” TNB said. On 29 June, PETRA announced that there would be no increase in electricity tariffs for all users in Peninsular Malaysia from 1 July to 31 December 2024. Commercial and industrial users will experience a reduction in the ICPT rate of 1 sen per kilowatt-hour during this period, PETRA said. — BERNAMA

Energy & Technology

Siemens Malaysia Transforming Industries Across the Nation

Being at the forefront of technological innovations within the country, Siemens Malaysia has made significant headway when it comes to supercharging the transformation of industries and infrastructure. The tech giant has collaborated with the federal and state governments, businesses, SMEs and even the education sector to effectively align company strategies with initiatives like the New Industrial Master Plan (NIMP) and the 12th Malaysia Plan. Recently, Siemens established a partnership with the Selangor government to become the technology advisor responsible for accelerating digitalisation and automation technologies across industries like agrotechnology, communication, transportation, engineering and machinery, sustainability, education segments and many more. According to Siemens Malaysia President and Chief Executive Officer Tindaro Danze, the company offers advisory and consultancy services for the state government to bolster Selangor’s economic position and attract more investments to the state. “For example, the NIMP’s goal to create a ‘Smart Factory’ landscape for Malaysia is a sweet spot for us to get involved. With our portfolio of cutting-edge automation technology and software applications, we can support the government in reaching its ambitious NIMP 2030 goals,” Danze explained in an exclusive interview with The Exchange Asia. The Literal Backbone of Technology Elaborating further, Danze said that a highly skilled workforce is crucial to fostering such ambitious digitalisation and economic growth targets. Hence, Siemens has been working closely with institutes of higher education throughout ASEAN to provide training for students and industry professionals alike. Earlier in April, Siemens’ low-code app development business, Mendix partnered with Orangeleaf Consulting and Selangor Technical Skills Development Centre (STDC) to elevate Selangor’s digital landscape and nurture a skilled workforce that’s capable of driving technological advancements. “Through the collaboration, we transcend localised efforts by sharing globally-utilised syllabi and concepts across ASEAN countries, facilitated through knowledge exchange,” he said. Siemens also engaged with Universiti Malaysia Perlis (UniMAP) to lead and conduct relevant training courses for undergraduates pursuing a Bachelor of Technology in Industrial Electronic Automation degree with Industry 4.0 skills. “We will conduct product update workshops related to the latest trends in factory automation for UniMAP faculty members as the university has also purchased Siemens training-related hardware and software for these training courses,” informed Danze. Ease of Digital Utilisation Regarding industrial and technological advancements, Siemens offers solutions that integrate artificial intelligence (AI) into its software to efficiently predict faults, optimise data analytics and make human-machine interface safer and more intuitive, which will lead to better decision-making, saving resources and increasing output at the same time. An example of such a solution is developing smart, data-driven power grid management that will allow companies to better handle the volatility of renewable energy sources. Additionally, Danze mentioned that the partnership that Siemens has with NVIDIA allows it to create an industrial metaverse for its customers, enabling users to solve industry challenges collaboratively across borders and time zones. However, with the rapid evolution of the Internet of Things (IoT) and its application within Industry 4.0, there is a pressing need for scalable technology to effectively tackle issues involving global megatrends like globalisation and the shift towards net-zero initiatives. Optimising Energy for the Future In the topic of sustainability, Siemens’ innovative and green solutions allow users to significantly reduce energy usage and seamless energy monitoring and management. When it comes to grids, Siemens has conducted comprehensive studies on incorporating renewable energy into Malaysia’s power grid by digitalising the grid through its analysis, design and meter data management software. “Digitalisation enables us to optimise power distribution, ensuring it reaches where it’s needed most without over-generating power. This leads to operating closer to its limits, resulting in higher efficiency and enabling us to manage the growing energy demand effectively,” he added. Apart from optimising power usage, Siemens is also a Registered Energy Manager (REEM) after receiving the certification from the Energy Commission, officially recognising Siemens as an Energy Service Company (ESCO) and allowing it to conduct energy audits for businesses. “This can help us expand our energy portfolio in the market and align our business strategy with the National Energy Transition Roadmap (NETR),” Danze said, highlighting that Siemens is also working closely with local SMEs. “We partnered with one of the largest solar energy companies in Malaysia, Progressture Solar, to collaborate with industry players and deliver seamless energy solutions that facilitate substantial emissions reduction,” he stated. Jumping on the EV Shift Meanwhile, in the electric vehicle (EV) scene, Siemens is having ongoing conversations with the utility and local authorities, providing them with updated studies from Siemens’ best practices across the globe to adequately prepare Malaysia for the imminent shift towards EV adoption. “We are also actively engaged with industry groups, namely the Master Builders Association Malaysia (MBAM) and Zero Energy Vehicle Association (ZEVA), to advance this agenda. “This includes addressing fire safety concerns associated with lithium-ion batteries in EVs, as well as ensuring the requisite power distribution infrastructure, including sub-stations, for the deployment of fast chargers,” Danze said. To further amplify Siemens’ contributions to the industry, the tech giant shares these initiatives with local governments and agencies via multiple channels. In addition, Siemens is supporting its customers in their digital transformation journey through its Siemens Digital Enterprise Experience (DEX) Centers in Penang and Kuala Lumpur. Customers can gain access to cutting-edge technologies, a network of industry experts and a supportive ecosystem that fosters innovation and growth. “The mission of these centres is to empower manufacturing companies in Malaysia to embrace advanced manufacturing practices and remain at the forefront of industry advancements,” he concluded.

Energy & Technology

Xiaomi to Elevate the AIoT Market in Malaysia

Global Chinese tech giant Xiaomi Corporation continues to strengthen its positioning in the Southeast Asia market by targeting to launch a total of 200 artificial intelligence of things (AIoT) products within the Southeast Asia (SEA) region and specifically, Malaysia. According to Xiaomi Country Manager for Malaysia and Singapore, Eddie Huang, this target was mainly driven by the region’s young demographic, their high purchasing power and their hunger for more sophisticated offerings, especially for the higher-end market. “We want to focus primarily on smartphones but at the same time, we also want to emphasise our artificial intelligence of things (AIoT) products, as consumers tend to prefer more technologically advanced products in the premium market,” he said. However, Huang stressed the need to keep high-end products at affordable prices to enable the medium market with accessibility to cutting-edge Xiaomi products. “The competition among smartphone companies continues to remain strong within the region, which is why we have to set Xiaomi apart from the rest of its competitors. That is evident in the products that we offer for the premium market,” Huang opined. Premium AIoT Products He said two years ago, Xiaomi started collaborating with Leica by becoming its exclusive partner, and in 2023, the tech giant introduced its first premium product in Malaysia. Earlier in February 2024, Xiaomi launched its second premium product line, namely the Xiaomi 14 series which features the Xiaomi 14 Ultra Photography Kit that can be attached to the smartphone and transformed into a smart camera. “When consumers look for a smartphone to purchase, we notice that the camera is one of the main features that could tip the balance between whether they should buy it or not. Realising this, we introduced the Photography Kit that could be fitted to Xiaomi smartphones to target the higher-end market. “This would be more attractive to younger consumers with high purchasing power. Hence, we believe that products like these would do very well in the Malaysian market,” Huang commented. When the brand finally launched the Xiaomi 14 series in mid-March, the first-day sales experienced a 400% increase compared to the launch of its previous version. “This significant growth boosted our confidence, demonstrating the consumers’ desire for better products,” he told The Exchange Asia in an exclusive interview. However, Huang noted that in order to cater to a diverse target audience, Xiaomi provides a variety of product offerings to consumers from the younger generation as well as those within the middle- and higher-end market with the Redmi and POCO products. While Xiaomi products cater to the higher-end market, Redmi offers attractive specs at affordable prices, while POCO is more known for its gaming capabilities. According to Huang, many other smartphone brands are also implementing a similar brand positioning strategy, which is why Xiaomi is now focusing on introducing a line of smart home products that would make the brand stand out from its competition. Integrated Smart Home Ecosystem With its headquarters located in China, Huang said that the Xiaomi brand is also synonymous with a whole line of smart home solutions that can be interconnected to enable users to have total control of other Xiaomi products within the home. Some of the products include humidifiers, air purifiers and televisions. “Because many other brands tend to offer a number of standalone smart home products, consumers would end up having numerous products from a variety of smart device companies scattered around in their home. “In Hong Kong, we offer the full range of smart home products in our stores that can be integrated with each other, which is what we are hoping to bring to consumers in the Malaysian market,” Huang said, adding that the brand plans to have a 40% increase in its AIoT segment. He revealed that currently, Xiaomi has about 170 AIoT products introduced in SEA countries, including Malaysia, and it plans to add many more before the end of the year. Huang also noted that Xiaomi is looking into the possibility of setting up service centres around Malaysia to better serve the consumers within the region, as the country has been a significant market for the brand for the past 10 years. “The SEA market represents a huge chunk of Xiaomi’s market share, so we believe it would be advantageous to develop Xiaomi centres here as the country has a large number of talent with multilingual capabilities, which will provide ease of communication with China companies like Xiaomi. “In terms of gross domestic product (GDP), Malaysia is one of the highest-performing in SEA, making Malaysia the perfect testing ground to introduce new business models or when bringing success business cases from China. Tapping Into the EV Market On another note, Huang highlighted Xiaomi’s venture into the electric vehicle (EV) sector, which was based on the public’s growing interest in renewable energy solutions. “Xiaomi is indeed strong in smartphones and AIoT products, but we also see that the market is getting bigger and bigger as our consumer base grows more diverse. So that is why we started to venture into the EV segment 3 years ago, and recently, we managed to get our SU7s out to the market,” Huang commented. According to a news report, the entry-level SU7 from Xiaomi costs around US$4,000 (RM18,808) less than Tesla’s Model 3 base model in China. Following the sale of over 7,058 units of the SU7 in April, Xiaomi became the 8th largest EV upstart in Malaysia. The company is targeting more than 100,000 deliveries this year, corresponding to monthly average sales of 11,618 units for the remainder of this year. Moving forward, Huang reveals that the Southeast Asia region is expected to remain one of the strongest markets over the next 2-3 years, globally. This is mainly due to its relatively young population, strong purchasing demand, and continuous influx of foreign direct investments. “Having that in mind, we remain optimistic and, from Xiaomi’s perspective, we are aiming to increase our average selling price (ASP) and improve our market share in the region,”

Energy & Technology, News

Petronas Announces First Gas Production at Jerun Field, Sarawak

SARAWAK: Petroliam Nasional Bhd (Petronas) announced that the Jerun field in Block SK 408 located approximately 160km off the coast of Sarak, offshore Malaysia has recently achieved its first gas production. In a statement, the company said Sapura OMV Upstream (Sarawak) Inc, the operator of this block holds 20$ participating interest while the remaining 60% is equally shared by Petronas Carigali Sdn Bhd and Sarawak Shell Bhd. “The Jerun field was first discovered in 2015 by Sapura OMV, following the drilling of 9 exploration wells from 2014 to 2015. “Capable of producing up to 500 million standard cubic feet per day, this project is poised to address the increasing global energy demand,” it said. Petronas Senior Vice-President of Malaysia Petroleum Management Datuk Bacho Pilong said the project promises significant contributions towards sustaining Malaysia’s long-term gas supply. “The unwavering support and cooperation from the Sarawak government and local authorities have been instrumental in the success of this project,” he added. — BERNAMA

Energy & Technology

Revolutionising Storytelling Through Digital Innovation

In the fast-paced digital era, where the ways people consume content are always changing, WEBTOON Entertainment has successfully garnered a large following by revolutionising the storytelling and sharing process.  In an age where content holds great importance, WEBTOON is recognised as a pioneering force. Its successful initial public offering and ongoing expansion demonstrate its substantial influence on the worldwide entertainment industry.  As a prominent player in the webcomics sector worldwide, the company recently made waves with its eagerly awaited initial public offering on the Nasdaq stock exchange. Closing at US$23.00 per share, a 9.52% increase from its opening price of US$21, WEBTOON’s successful market entry highlights its substantial influence on the digital storytelling landscape.  Established in 2005 by Junkoo Kim in South Korea, WEBTOON has evolved from a specialised platform into a cultural sensation. Naver, the company’s parent, identified its potential early and aided in its growth.  WEBTOON made a significant move in 2021 by purchasing Canada’s Wattpad for a substantial US$600 million, solidifying its position in the global storytelling industry.  With its American operations now based in Los Angeles, WEBTOON remains at the forefront of innovation in digital comics.  What distinguishes webtoons from traditional webcomics, manga, and Western comics is their unique format. WEBTOON are specifically tailored for mobile devices, allowing readers to scroll vertically from top to bottom.  This format offers a smooth and immersive reading experience, perfect for consuming content on the move. In contrast to other webcomics that stick to conventional page layouts, webtoons feature long, uninterrupted panels that improve WEBTOON flow and rhythm.  WEBTOON’s success is rooted in its wide-ranging and varied network of creators. With around 170 million active monthly users and a selection of 55 original titles, the platform has adapted nearly 900 titles over the years.  This has resulted in over 100 streaming series, films, 200 books, and 70 games. WEBTOON has sold over 11 million consumer products, solidifying its position as a dominant force in various entertainment industries.  The IPO of WEBTOON represents a major achievement in its development. The US$315 million raised will be essential in backing its strategic plans, such as growing in the US, forming new alliances, and improving technology for user satisfaction.  WEBTOON has also collaborated with Thales InFlyt Experience in Orlando to incorporate its comics into in-flight entertainment, demonstrating its dedication to reaching audiences creatively.  Its Founder and CEO Kim Jun-Koo along with Chief Strategy Officer Kim Yong-Soo have played key roles in guiding the company to success. In a recent interview, the duo emphasised WEBTOON’s mission to democratise content creation and revolutionise the storytelling format.  “Today marks an exciting moment in WEBTOON’s history,” said Kim Jun-Koo. “Through our global storytelling platform, we have spearheaded a cultural movement by making it easy to discover, share and create great stories.”   The impressive market debut and ambitious future of WEBTOON indicate a promising future for the company. By continuing to innovate and grow, WEBTOON is not only revolutionising and influencing the direction of digital storytelling.  With its distinct format, wide range of creators, and forward-thinking approach, WEBTOON Entertainment is poised to lead the way in the digital content revolution.  As WEBTOON continues to grow and introduce new ideas, it is evident that the platform is more than just a place for comics – it represents a groundbreaking shift in storytelling. 

Energy & Technology, News

Southern Cable Secured RM99.6 Mil Contract from TNB

KUALA LUMPUR: Cable and wire manufacturer Southern Cable Group Bhd secured a contract worth RM99.6 million from Tenaga Nasional Bhd (TNB) to supply underground cables and conductors of various sizes. This latest contract, awarded to Southern Cable’s wholly owned subsidiary Southern Cable Sdn Bhd, increases the total value of the group’s ongoing supply agreement with TNB to RM854.3 million. “We are committed to supporting TNB’s development initiatives through our cable and wire solutions that enable grid expansion, renewable energy integration and modernisation efforts,” Southern Cable Group Managing Director Tung Eng Hai said. With the latest contract, Southern Cable’s orders in hand now exceeds RM1 billion, providing strong revenue visibility until 2026. These orders encompass the supply of cables and wires, rectifier and battery systems as well as other related products. — BERNAMA

Energy & Technology, News

Pahang Targets 100% 4G Coverage by Year-End Through JENDELA

KUANTAN: The Pahang government aims to ensure all areas in the state will have access to 4G broadband coverage by the end of this year through the National Digital Network (JENDELA) initiative. State Communications and Multimedia, Youth, Sports and Non-Governmental Organisation Committee Chairman, Fadzli Mohamad Kamal said that the JENDELA 4G 1.0 project, aimed at improving Internet access in Pahang was scheduled for completion by June but faced delays due to certain constraints. “It is divided into 2 phases; the first involves tower construction, and the second aims to expand the communication network for the benefit of the people. I’ve already discussed this with the Malaysian Communication and Multimedia Commission (MCMC), which regulates the JENDELA project. “It was scheduled to be completed by the middle of this year, but due to some constraints such as land acquisition and coordination with stakeholders like the forest office and the Public Works Department (JKR), as well as awaiting approvals from the authorities,” he said. He said this to reporters after officiating the Pahang state-level Communication Infrastructure Planning Guidelines Implementation and Compliance Seminar (GPP-1) recently. Fadzli expressed confidence that the remaining 6 months would be enough time to complete the project and have it operational by the end of this year. “After this, our focus will be on JENDELA 2.0 and identifying areas that require communication towers,” he said. As of last March, 4G mobile coverage in populated areas of Pahang stood at 94.42%, compared to 89.10% before the implementation of JENDELA. Meanwhile, Fadzli said the seminar organised by the Pahang MCMC in collaboration with the State Secretary’s Office served as a platform for stakeholders to engage in dialogue, exchange ideas and find the best solutions for the development of communication infrastructure in the state. According to him, the seminar, which emphasises GPP-l compliance, aims to help state authorities, local authorities, developers, and stakeholders plan the implementation of communication infrastructure. “This is a strategic move to ensure that Pahang not only delivers high-quality infrastructure and meets established standards for the benefit of all stakeholders but also serves as a pivotal platform for the state’s economic development. “For this reason, the state government places a strong emphasis on developing a holistic, systematic and comprehensive communication infrastructure to ensure that high-speed broadband services are accessible to all residents across Pahang, including those in the interior areas,” he said. — BERNAMA

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