BESS firm AESI plans Malaysian factory, enters new partnerships
Sep 12, 2024 12:13 CESTGlobal engineering, construction and consulting company Black & Veatch said on Tuesday it has been appointed by two Malaysian energy companies to conduct a hydrogen feasibility study in the Southeast Asian country.
In particular, Black & Veatch has been engaged by utility Tenaga Nasional Bhd (KLSE:TENAGA), or TNB, and oil and gas company Petronas. Its role will be to validate the findings of a joint feasibility study carried out by the two Malaysian companies to develop hydrogen in Malaysia and provide strategic, technical and commercial insights on the production, transportation, distribution and demand of green hydrogen.
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“Securing viable off-takers for green hydrogen is a key factor that affects the bankability of hydrogen developments. With Malaysia’s abundant renewable resources including solar and hydropower, this feasibility study has the potential to shape the development of a hydrogen economy in Malaysia over the next decade,” commented Jerin Raj, director, South & Southeast Asia, Taiwan at Black & Veatch.
Malaysia has a Hydrogen Economy and Technology Roadmap (HETR), which was presented by the Ministry of Science, Technology and Innovation (MOSTI) in 2023. The country aims to become a large hydrogen exporter in the Asia Pacific by 2050, Black & Veatch said.
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