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Energy & Technology

Energy & Technology, News

Seraphim Launches New PV Modules for Full-Scenario Applications

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BEIJING: Seraphim Energy Group Co Ltd, a world-leading solar product manufacturer, rolled out a series of new PV modules such as TOPCon bifacial module and HJT 720W module at the just-concluded SNEC 17th (2024) International Photovoltaic Power Generation and Smart Energy Conference & Exhibition (SNEC PV POWER EXPO 2024). The new products attracted widespread attention from the attendees at the expo which was held in east China’s Shanghai from 13-15 June this year. It is noted that among the new products with TOPCon and HJT solar cell technologies, the HJT bifacial modules under the Hydra series have a power of 720W and an energy conversion efficiency of 23.1%, with a bifacial rate of 90% + 5%. Such modules are suitable for large-scale ground power stations, industrial and commercial rooftops and other application scenarios. The Sable 620W TOPCon series of bifacial modules, another new product displayed at the expo, have an energy conversion efficiency of 22.9%. It can effectively reduce the hot spot effect and lower the risk of module hot spots. Against the backdrop of the PV industry facing mounting pressure, Seraphim relies on its deep accumulation of technologies and products to continuously consolidate competitiveness in the industry. “Moving forward, Seraphim will deepen its corporate strategy of promoting sustainable development through technological innovation, and work with upstream and downstream partners to embark on a new journey of net zero carbon emissions,” said Seraphim Chairman Polaris Li.

Energy & Technology, News

Key SSA Milestone Achieved, Telcos to Take Up Equity Stake

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KUALA LUMPUR: Digital Nasional Bhd (DNB) has confirmed that all the conditions precedent under the Share Subscription Agreements (SSA) were successfully met on 20 June 2024. It emphasised the importance of this milestone with respect to the SSA with 4 mobile network operators (MNO) in Malaysia, namely CelcomDigi Bhd through Infranation Sdn Bhd, Maxis Broadband Sdn Bhd, U Mobile Sdn Bhd and YTL Communications Sdn Bhd through YTL Power International Bhd. “With this crucial step completed, the SSAs are poised for completion by the end of June 2024 for all the MNOs, apart from Telekom Malaysia Bhd (TM) to increase their equity stake in DNB,” it said in a statement. On 1 December 2023, DNB and the Minister of Finance (Incorporated (MoF Inc) entered into SSA with 5 MNOs, enabling the MNOs’ participation in DNB through equity ownership. The long stop date for TM is 21 August 2024, for it to seek its shareholders’ approval in accordance with its governance requirements. Under the terms of the SSA, it is envisaged that the MNOs will collectively acquire a 70% equity stake in DNB with each MNO holding a 14% stake. The Malaysian government through MoF Inc, will retain a 30% stake and a Special Share in DNB for a designed period. As the parties move towards the completion of the SSAs, DNB remains committed to driving technological innovation and expanding digital services across the country, fostering a more connected and digitally empowered Malaysia. Meanwhile, in a filing with Bursa Malaysia, CelcomDigi Bhd announced its readiness to complete the conditional SSA and commence the process of building Malaysia’s second 5G network. The company also mentioned that all conditions precedent in the conditional SSA it entered into with MoF Inc and DNB on 1 December 2023 have been met. “We will work closely with the government and the Malaysian Communications and Multimedia Commission (MCMC) on the dual network transition plan for the second 5G network toward a fair, transparent and consultation process. “We hope to have an outcome that equitably balances the economic and market impact, that benefits that government and industry and more importantly Malaysian customers and businesses,” said CelcomDigi Chief Executive Officer Datuk Idham Nawawi. Additionally, U Mobile also said it is well-positioned to roll out the second 5G network if need be, solely to help the government realise its ambition of having 2 5G networks to drive competition and ensure the sustainability of the telecommunications ecosystem in Malaysia. Its CEO Wong Heang Tuck said that the company will also explore use cases to demonstrate the benefits of 5.5G as part of its efforts to support the country’s digital roadmap.

Energy & Technology

Boomi Unveils New Vision with Strategic Acquisitions and Latest Innovations at Boomi World 2024

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MALAYSIA: Boomi™, the intelligent integration and automation leader, today unveiled its vision for the company’s future, along with strategic acquisitions and key product announcements at Boomi World 2024. With more than 20,000 global customers and a network of approximately 800 partners worldwide, Boomi is leading the industry towards the future with a focus on integration and automation, API management, and data management, all made more important and powerful than ever with the emergence of the AI economy. In his keynote, Boomi CEO Steve Lucas emphasised the transformative impact of integration platform as a service (iPaaS), spotlighting its pivotal role in enhancing speed, agility, and effectiveness across business operations. Lucas explained how Boomi’s iPaaS streamlines connectivity — seamlessly linking people, systems, devices, and applications — for building stronger relationships and enabling swift, informed decision-making through real-time data access. But Boomi recognises the opportunity to take connectivity even further, and to bring connectivity solutions to more companies in more areas of business and IT. “Connectivity,” Lucas pointed out, “remains a critical challenge for almost every organisation. The chief culprit is digital fragmentation, a byproduct of digital shifts that, paradoxically, lead to digital silos and disjointed technical architectures that leave the average enterprise now juggling over 364 applications and numerous API gateways.” The emergence of the AI economy has further highlighted the challenges of digital fragmentation. “AI thrives on reliable, secure, and current data, yet too often, this data is fragmented, difficult to govern, and not securely managed,” Lucas noted. “What companies urgently need is a unified, enterprise-scale platform that not only bridges APIs, applications, data, and AI models, but also accelerates digital transformation.” To address these pressing challenges, Boomi unveiled key announcements at Boomi World, including: New Boomi Enterprise Platform Vision Boomi has expanded and deepened the capabilities of the Boomi Enterprise Platform with: Next-generation API management for the AI economy  An AI agent framework that provides out-of-the-box AI agents, pluggability for 3rd party AI agents, as well as the ability to automate AI orchestration workflows Enhanced data management to support data quality, data lineage, and metadata management Next-Generation API Management for the AI Economy Joining Lucas onstage, Matt McLarty, CTO at Boomi, explained that “companies today suffer from API sprawl: API gateways are everywhere, and there’s no effective global view or management dashboard for discovering, governing, and securing them, let alone rationalising API investments and promoting best-in-class APIs for adoption. The AI economy requires next-generation API management (APIM) that accounts for a fragmented APIM landscape and can handle the demands of enterprise-grade scalability and security that AI workloads place on APIM solutions.” To solve this problem, Boomi announced the acquisitions of APIIDA’s federated API management business and API management assets from Cloud Software Group. Both acquisitions accelerate Boomi’s roadmap for providing solutions to the most pressing API management challenges that companies face today, allowing enterprises to rapidly and securely deliver business value through API products in one end-to-end enterprise platform. Boomi AI Agent Framework To accelerate innovation in the AI economy, Boomi introduced the Boomi AI agent framework, a set of integration and no-code development capabilities that enable business and IT users to run AI agents built by Boomi or Boomi partners, and to build and run their own AI agents to solve pressing integration and automation requirements. Boomi introduced four new agents built into the platform that make use of the new AI agent framework, including: Boomi Answers: Agent for providing prescriptive help Boomi DataDetective: Agent for classifying data fields, protecting sensitive data like personally identifiable information (PII), and tracking where data is being moved Boomi DesignGen: Agent for autonomously building integrations Boomi Scribe: Agent for automatically documenting existing and built-by-AI integrations In addition, the Boomi AI agent framework is open to third parties, and supports pluggable AI agents, allowing customers to integrate third-party AI agents into the platform via APIs or Boomi GPT. In his Boomi World keynote, Lucas announced a strategic OEM agreement with Vianai Systems, a leading provider of conversational AI solutions for finance, and demonstrated one of the first third-party AI agents, Boomi FinTalk powered by Vianai. Customers can seamlessly connect to Boomi FinTalk powered by Vianai via Boomi GPT, leveraging Boomi’s AI agent framework. Using Boomi, the agent connects to sources of financial data in ERP systems, databases, documents, customers’ data lakes, and other data, and enables users to ask questions of their data through a natural language interface to discover and analyse financial data and trends in real-time, for immediate actionable insights. “Technology and business leaders have struggled to leverage the power of generative AI in their enterprises due to the very real issues of accuracy and security, relevance to business users with domain-specific requirements, and the inability to query both structured and unstructured data and systems in natural language,” said Dr. Vishal Sikka, Founder and CEO, Vianai Systems. “With Boomi FinTalk powered by Vianai, we are solving these issues with Boomi’s vast integration capabilities and Vianai’s conversational AI application for CFOs and finance users, enabling real-time, accurate, and actionable insights to drive business transformation.” Trusted Data Management Boomi also announced Boomi DataHub, a trusted data foundation for operational, analytical, and AI workloads. A high velocity, high quality data access layer, Boomi DataHub provides master data management, integration pipelines, and a framework that will expand over time to provide other data management capabilities, including enterprise scale movement and standardisation of data for AI and analytics initiatives. “Centralising data has proved to be a dead end for companies,” said Lucas. “A better approach is to build connectivity, governance, and automation into the IT resources companies already have, taking advantage of AI to make this work faster and easier than ever before. With the Boomi Enterprise Platform, we’re giving customers the foundation they need for connecting and managing all their data, and for accelerating AI and API development. Using Boomi, customers can say goodbye to the digital fragmentation that’s been undermining their digital transformation efforts, and finally get the comprehensive visibility, control, and automation they need.”

Energy & Technology, News

Communications Minister Says Malaysia Ready to Roll Out Dual 5G Network

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KUALA LUMPUR: The Malaysian government remains committed to implementing a dual 5G network policy. Communications Minister Fahmi Fadzil said that telecommunication companies involved in the dual network model will complete the equity holding process in Digital Nasional Bhd (DNB) on 21 June. “Immediately after that, the process of identifying the telco that will develop the second 5G network will begin,” Fahmi stated on his Facebook page after a courtesy visit from China’s Minister of Industry and Information Technology, Jin Zhuanglong. During the 40-minute meeting, Fahmi said they discussed various telecommunications issues, including the implementation of the second 5G network. Fahmi said the development of the second network will only be open to telcos that have completed equity holdings in DNB. He said that while the implementation of the second 5G network is commercial in nature, the government through the Communications Ministry, decided on a dual network policy to drive competition and ensure the sustainability of the telecommunications ecosystem in Malaysia. “In addition, our discussion also focused on efforts to strengthen the relationship between the two ministries,” he added. According to Fahmi, the potential of ‘direct-to-cell’ technology involving low earth orbit satellites to help address internet connectivity issues in remote areas and placed with no internet access. — BERNAMA

Energy & Technology

Avanade, EDOTCO Group Forge Multi-Year Digital Transformation Partnership

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KUALA LUMPUR: Axiata Group Bhd subsidiary, EDOTCO Group has partnered with Avanade, a top Microsoft solutions provider, to enhance its Quote-to-Cash operations using the Microsoft Dynamics 365 Finance and Operations (F&O) suite. Avanade stated that this multi-year, multi-million-dollar partnership aims to boost EDOTCO’s financial visibility, operational efficiency, and customer satisfaction. It said the transformation will enable EDOTCO to swiftly capture new customer segments and adapt to market changes and macroeconomic trends. EDOTCO is Asia’s leading digital connectivity infrastructure services company. Further, the statement added that Avanade’s advisory-led consulting approach will support EDOTCO in establishing a foundation for new offerings and navigating the digital transformation journey. “The initiative aligns with EDOTCO’s goal to be Asia’s leading digital connectivity provider,” it said. Avanade president for growth markets Bhavya Kapoor said that the company’s expertise in Microsoft Dynamics 365 would help EDOTCO enhance productivity and drive growth. “This is a first-of-its-kind solution for independent tower management companies and would help EDOTCO Group advance its mission to accelerate equitable next-generation connectivity,” he added. Meanwhile, EDOTCO chief executive officer Mohamed Adlan Ahmad Tajudin said the company’s collaboration with Avanade marks a significant leap forward in its digital transformation journey, specifically by streamlining its Quote-to-Cash operations across eight key markets. “This strategic move empowers us with greater agility and financial transparency. “This, in turn, unlocks new market opportunities, fuels sustainable growth and allows us to deliver exceptional customer experiences across our diverse portfolio. “Ultimately, this positions EDOTCO for long-term success in an ever-evolving market,” added Adlan.

Energy & Technology, Investment & Market Trends, News

Simpor Hibiscus to Acquire TotalEnergies Brunei for RM1.22 Bil

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KUALA LUMPUR: Hibiscus Petroleum Bhd’s indirect wholly-owned subsidiary Simpor Hibiscus Sdn Bhd has entered into a conditional share purchase agreement with Total Energies Holdings International BV to acquire the entire equity interest in TotalEnergies EP (Brunei) BV for RM1.22 billion. The group noted that TotalEnergies was incorporated in the Netherlands and is operating via its branch in Brunei Darussalam with its principal activity being hydrocarbon exploration and production. It also owns a 37.5% operated interest in Block B Maharajalela Jamalulalam (MLJ) field. Hibiscus Petroleum said in a filing with Bursa Malaysia that the MLJ field is a high-quality gas asset located offshore Brunei. “Located in a prolific hydrocarbon-bearing region, the asset was discovered in 1989 and has been producing gas and condensate since 1999. The asset has long-term production rights of up to 15 years (expiring on 23 Nov 2039) if extended with the agreement of the joint venture parties. “Other parties holding the remaining interest in the asset are Shell Deepwater Borneo Ltd (35%) and Brunei Energy Exploration Sdn Bhd (27.5%), a company ultimately owned by Brunei Minister for Finance Corporation,” it said. The group said the funding of the proposed acquisition is expected to be sourced from a combination of internally generated funds and its existing debt or other facilities. Hibiscus Petroleum said this asset is expected to add a net of up 21.7 million barrels of oil equivalent (MMboe) to the group proven and probable (2P) oil reserves, an increase of 36% from 60.9 MMboe to 82.6 MMboe as of 1 January 2024, while a total daily net production of oil, condensate and gas is expected to increase by circa 7,865 boe per day from 21,398 boe per day to 29,263 boe per day in calendar year 2024. This is expected to bring the gas production share of the group’s portfolio to almost 50%, in line with the group’s energy transition strategy of acquiring gas-weighted assets in stable regulatory jurisdictions. “This transaction also represents a significant step towards fulfilling the group’s aspiration of becoming a net zero emissions producer by 2050. The group is set to gain multiple benefits from the proposed acquisition. “Beyond acquiring a well-established gas asset in Brunei and taking over its operations, the proposed acquisition further strengthens the group’s position as an independent exploration and production (E&P) player in the region,” it said. Hibiscus Petroleum Managing Director Dr Kenneth Pereira said the additional volumes from this transaction are material for the group and will provide an uplift of nearly 86% to gas production while bringing the company closer towards achieving the 2026 mission of growing the group’s net production to 35,000 to 50,000 boe per day. “In addition, employees of TotalEnergies Brunei will be joining the group as part of the transaction. They bring with them a wealth of knowledge and experience. “We look forward to working together to enhance the value of the asset safely and efficiently for all stakeholders. Most importantly, we are excited by the opportunity to work with our joint venture partners, Shell Deepwater Borneo, Brunei Energy Exploration as well as the government of Brunei,” he said. — BERNAMA

Energy & Technology, News

Proton to Launch 5 EV Models Under e.MAS Brand

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SUBANG JAYA: National carmaker Perusahaan Otomobil National Sdn Bhd (Proton) is planning to launch 5 electric vehicle (EV) models that use the Global Modular Architecture (GMA) platform under its newly launched EV brand, Proton e.MAS. Proton Edar Sdn Bhd Chief Executive Officer Roslan Abdullah said the first EV model under the new brand is set to be launched by 2025. “We have not decided on the timeline but the first model (will be launched) very soon, it could be early 2025 or earlier. We want to ensure the acceptance of Proton EV in the market. In terms of the volume and model, we will decide (to launch more EVs) based on the demand and acceptance by the public of Proton EVs,” Roslan said. He said that the company would look for suitable prices to market the Proton e.MAS EVs that would benefit the public and the government. “Apart from developing an automotive ecosystem, we are also entrusted by the government and shareholders to produce cars that are affordable for Malaysians. “We notice most EV cars currently in the market are ranged above RM100,000 and we are looking at a suitable price range that is good for Proton, the public as well as the government,” he added. Meanwhile, Proton CEO Dr Li Chunrong said, “This is the next step in the evaluation of the company and in the coming months, there will be additional announcements to build brand recognition and product advocacy in the run-up to the launch of the first Proton e.MAS EV in December this year.” — BERNAMA

Energy & Technology

NSG BioLabs, Eppendorf Group Partners to Support Biotech Companies in Singapore

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SINGAPORE: NSG BioLabs, Singapore’s largest provider of biotech co-working laboratory and office space, announces a new partnership with Eppendorf, a leading international life science company that develops, manufactures, and distributes instruments, consumables, and services for use in laboratories around the world. The partnership aims to support biotech startups by providing needed resources such as product and applications expertise and its networks to advance startup research and development (R&D). With the largest co-working biotech laboratory and office footprint in Singapore, coupled with extensive networks with local and international partners, suppliers, and industry experts, NSG BioLabs has helped over 40 companies as residents. The company’s residents include several multi-billion-dollar multinationals as well as many promising startups that have achieved key milestones. The startup residents alone have successfully raised nearly US$400 million in funding and supported hundreds of jobs. “We are thrilled to announce our strategic partnership with Eppendorf, a leader in life sciences equipment and services. This collaboration will provide our residents with exclusive access to Eppendorf’s cutting-edge equipment, consumables, and services, empowering them to accelerate their research and scale their innovations,” said NSG BioLabs Founder and CEO, Daphne Teo. “Eppendorf is proud to engage in a partnership with NSG Biolabs, affirming its shared vision for supporting innovators in creating impactful biotech solutions. “Being part of this scientific community is crucial and this collaboration will be the catalyst for transformative breakthroughs in Singapore and beyond,” said Eppendorf Southeast Asia Managing Director, Surendran Krishnamurthi. Since its inception, NSG BioLabs has been supporting biotech startups and multinational companies by providing BSL-2 certified private and shared laboratory spaces and offices, equipment, as well as privileged access with service providers and suppliers, and community engagement. After its first site opening in November 2019, NSG BioLabs expanded with its second site in August 2021, and recently in 2023 with its third site. Now, with three sites totalling 35,000 square feet located in the heart of Singapore’s R&D ecosystem, NSG BioLabs cements its space as a key hub for biotech innovation. As one of the largest private biotech incubators in the region, coupled with its strong partnerships and strategic investors, such as Celadon Partners and ClavystBio, a life sciences investor set up by Temasek, NSG BioLabs is poised to enhance its value-add offerings of infrastructure, services, and networks for its growing community.

Energy & Technology, ESG, News

Giti in the Running to Become as Fastest-Growing Tyre Brand in the World

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SINGAPORE: In Brand Finance’s recent release of its 2024 World’s Most Valuable and Strongest Tyre Brands ranking, Giti was recorded to have a US$924 million increase since 2023, an impressive 19% growth, which saw Giti’s Brand Value rank improve to 9th position out of the Top 10 Tyre Brands in the world, and be hailed as the “fastest-growing tyre brand in the world this year”. With over 70 years of development, Giti has continually grown its original equipment manufacturing (OEM) business base, currently appearing as original tyres on over 675 vehicle models around the world. This secures Giti strong, stable future revenue growth prospects while increasing brand presence around the globe through the export of vehicles from the manufacturing capital of the world. Outside the vicinity of its manufacturing facilities, Giti has experienced strong acceptance and brand loyalty in Indonesia, while its reputation has seen upward progression in the UK, Italy and Germany. Setting itself apart from other tyre brands of similar origins, Giti’s focus on sustainability has also been recognised, raising the brand’s Sustainability Perceptions Value up 3 positions, to 7th position. Dedicated to all-rounded sustainability, Giti sets ambitious targets, like 100% sustainably-sourced materials, and net zero manufacturing by 2050. On track to achieve these targets, Giti has reported a year-on-year decrease in carbon dioxide equivalent emissions through initiatives like reforestation and the installation of solar panels to offset factory energy requirements. Recognised by Brand Finance as establishing a ‘solid, core technology system’, Giti embraces Industry 4.0 concepts in its recently-announced new factory (that is in the process of being constructed), which will feature state-of-the-art manufacturing facilities and the latest sustainable warehousing technologies that reduce energy consumption. Poised with a wide array of products, with particular success in EV-ready tyres, Giti has armed itself with an arsenal of tools to ride on the wave of new energy vehicles (NEVs) that has been taking the world by storm. Providing worldwide support through its global distribution network, Giti brings its high-quality products to support the increasing global demand for tyres. “We are proud of our achievements thus far, but Giti is not going to rest on these laurels. Supported by a shared corporate direction, our dedicated team from all around the world will continue to work hand-in-hand to further our developments sustainably, and to build Giti into a brand that is synonymous with the future of the automotive industry,” comments Giti Tyre Head of Marketing (Rest of World), Shiroo Chia.

Energy & Technology, Investment & Market Trends

Foxconn to Build Advanced Computing Centre in Taiwan

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TAIPEI: Hon Hai Technology Group (Foxconn) announced its plans to build an advanced computing centre in Kaohsiung, Taiwan, with the NVIDIA Blackwell platform at its core. The collaboration signals a deepening commitment by the world’s largest electronics manufacturing service provider and market leader to make AI servers, alongside its world-class partner, to drive intelligent ecosystems covering AI, electric vehicles, smart factories, robotics, smart cities and other fields. Following the COMPUTEX 2024 event, NVIDIA Founder and CEO, Jensen Huang noted that NVIDIA and Foxconn have worked closely together on various product development, and the proof of the cooperation is clear. This is especially proven with the Blackwell product line-up, where Foxconn has excellent vertical integration capabilities and is a vital partner for the GB200. Meanwhile, Foxconn Chairman and CEO, Young Liu announced that Foxconn will join hands with NVIDIA to build an advanced computing centre in Kaohsiung with the NVIDIA Blackwell platform at its core. The cutting-edge computing centre consists of a total of 64 racks and 4,608 GPUs, is slated for completion by 2026. NVIDIA’s powerful AI technology will drive Foxconn’s three smart platforms, namely smart manufacturing, smart EV and smart city. Both companies will continue to deepen cooperation in AI, electric vehicles, smart factories, robots, smart cities and other fields, and demonstrate the strong competitiveness brought by AI through Foxconn’s huge manufacturing scale. Huang said, “A new era of computing has dawned, fuelled by surging global demand for generative AI data centres. Leveraging on NVIDIA Omniverse and Isaac robotics platforms, Foxconn is harnessing cutting-edge AI and digital twin technologies to construct their advanced computing centre in Kaohsiung.” The two companies will utilise NVIDIA Omniverse and create digital twins to introduce platforms for smart manufacturing, smart electric vehicles, and smart cities. For smart manufacturing platforms, image recognition technology, combined with the group’s autonomous mobile robots (AMR), will lead to changes for optimal capacity utilisation. The production line planning will encompass the existing manufacturing of AI servers and EV assembly plants. Toward that goal, the new Qiaotou automotive manufacturing facilities of Foxtron, a Foxconn subsidiary, will become one of the Group’s benchmark AI factories. Currently under construction, the site will utilise digital twin connected to cloud technologies and achieve collaboration between virtual and physical production lines. Digital real-time monitoring will ensure the manufacturing excellence of an award-winning electric bus, which is currently seeing orders outpacing output capacity. Going forward, the two companies’ collaborative efforts in the EV ADAS platform will be applied to future EV models designed by Foxconn. Presently, Foxconn is negotiating projects with traditional European and American automakers. Moreover, based on NVIDIA’s new generation of chips, Foxconn and NVIDIA jointly plan a ‘cabin-driving-in-one’ smart travel solution, creating a third living space.

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