Solarvest Holdings Berhad (Solarvest), a Malaysian clean energy solutions provider, and Agmo Holdings Berhad (Agmo), homegrown digital solutions and application development specialist, entered a strategic joint venture to codevelop digital clean energy applications for the advancement of the clean energy sector.
Witnessed by the Deputy Prime Minister and Minister of Energy Transition and Water Transformation, Dato’ Sri Haji Fadillah Bin Haji Yusof, during the 6th International Sustainable Energy Summit (ISES) 2024, this partnership is expected to undertake a major digital transformation in Malaysia’s clean energy sector by providing comprehensive digital solutions that benefit both consumers and providers of clean energy.
The joint venture, established between Solarvest Energy Sdn. Bhd. (a wholly-owned subsidiary of Solarvest) and Agmo Capital Sdn. Bhd. (a wholly-owned subsidiary of Agmo), will leverage Solarvest’s strong project track record with Agmo’s technological expertise, this joint venture will develop digital solutions to streamline and automate the clean energy project lifecycle. The development will unfold in several stages, starting off with the enhancement to Solarvest’s current offerings, including Vestech EcoHomes solutions, Powerbee green Electric Vehicle (EV) charging ecosystem, and Renewable Energy Certification management.
By transforming these solutions into digital applications, Solarvest aims to optimize its clean energy offerings and project management processes to meet the heightened demand for clean energy. As an industry leader, Solarvest will pilot these innovative solutions to ensure their effectiveness before a broader market launch. Upon the successful rollout, these applications will benefit the wider community by enhancing the visibility of clean energy products and project development.
The rapidly evolving clean energy sector demands a hassle-free solution that consolidates clean energy services and simplifies business operations. This innovation will be instrumental in helping Malaysia to meet its renewable energy targets, allowing businesses to scale their operations through a digitalized and automated process. This joint venture underscores both parties’ commitment to driving progress and fostering growth through innovation and empowerment.
Executive Director and Group Chief Executive Officer of Solarvest Holdings Berhad, Davis Chong Chun Shiong (张俊雄) said, “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 revolutionize 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.”
Non-Independent Executive Director & Chief Executive Officer of Agmo Holdings Berhad, Tan Aik Keong, said, “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.”
Solarvest, Agmo Co-Develop Digital Clean Energy Applications
