Solarvest has launched an EV charging and mobility solution called “PowerBee”, to accelerate the adoption of clean electrified transportation in Malaysia.
The launch of PowerBee’s low-carbon mobility solution is aimed to boost the readiness of grid infrastructures and charging facilities to accommodate the increase in EVs.
At the current stage, the Group will build, own and operate EV charging stations in residential, commercial and industrial developments, as well as in public locations including highways. There is ample opportunity in this area, which includes targeting the Group’s commercial and industrial customers to install EV charging stations for its fleet of company motor vehicles. This will create a hassle-free experience for EV owners while enabling easier adoption of EVs in the country.
Executive Director and Group CEO of Solarvest, Davis Chong said, “The launch of PowerBee certainly bodes well with our transformation as a regenerative clean energy expert. Not resting on our laurels, we aim to build a resilient and sustainable ecosystem by venturing into a vertical expansion across the clean energy ecosystem. Leveraging on our existing renewable assets and expertise in solar, we are confident in Solarvest’s development of green charging infrastructure to provide reliable, accessible, and affordable clean energy solutions.” Mr. Davis commented.
Chief Strategy officer of Solarvest, Leon Liew highlighted, “In order to encourage the shift from internal combustion engine (ICE) vehicles to sustainable transportation systems, the development of clean charging infrastructure is the building block for EVs to gradually penetrate the mass market in Malaysia.”
“As Solarvest strives to foster green technological advancement in the clean energy sector, the introduction of this EV charging and mobility solution will further push the innovation frontier of the industry. Going forward, we aim to venture into EV battery storage systems encompassing Vehicle to Grid (V2G) technology and battery swapping station in supporting the overall clean energy ecosystem. To illustrate, 1 million EVs is equivalent to 100GWh power banks, which is sufficient to power up 10 million households for 5 hours. This can be used to strengthen the grid by providing multiple ancillary services, and in return helping the grid to integrate more renewable energy resources, which is the main hurdle at the moment” Mr. Leon added.
In the long run, the Group aims for EV charging stations to be powered by renewables and enabled with energy storage systems to be a truly clean energy ecosystem.
