We are creating some awesome events for you. Kindly bear with us.

Malaysia and Australia Sign Peer-to-peer Energy Trading Tech Deal

Image Credits: Energy Storage News, Report

Malaysia’s Sustainable Energy Development Authority (SEDA) and an Australian technology firm will together launch an eight-month pilot project of the firm’s peer-to-peer energy trading technology.  The deal will see the firm test its blockchain-enabled P2P platform in Malaysia, with a trial due to start later this year. That pilot scheme will run for two months in an alpha test mode, before expanding to a beta run for six months.

SEDA hopes the trial will stimulate the growth of Malaysia’s solar PV rooftop market and accelerate the deployment of more distributed energy resources, such as battery storage, in the country. The tech firm, meanwhile, cited continuing regulatory change in Malaysia as opening the door for surplus, on-site generated power to be traded between buyers and sellers, using the grid as a ‘virtual battery’ to unlock further uptake.

The co-founder and chairman at the firm said that the project was part of a plan of the company’s to work with regulators and electricity retailers to make energy markets more efficient. Advancements in renewable energy technologies, coupled with regulatory changes, are starting to unlock new opportunities for the energy sector.

The firm has partnered with a number of renowned energy companies to improve the efficiency and transparency of energy markets globally. The Malaysia trial comes hot off the back of a similar announcement, made last week, which revealed the tech firm had partnered with a Japanese solar company and an energy supply firm to trial its technology in Japan’s Kanto region.

That project has been designed to offset the impact of feed-in tariff reductions taking place this month, due to affect more than 500,000 customers in the country. Both pilots expand on those previously announced in Japan and Australia, with energy storage set to play a pivotal role in allowing for the proliferation of such business models on those two cases.

Meanwhile, the Malaysia trial, for now, is focused on assessing and promoting the potential of rooftop solar, using the grid as a kind of ‘virtual battery’.

Malaysia’s Solar Tech Industry to Grow

  • OpenGov Asia reported recently that while a lower bid price for developers suggests that the scope for any margin of error, such as project implementation delays, could adversely hit project economics, Malaysia has a relatively favourable investment environment with low political, economic and operating risks compared to regional peers.
  • Earlier in September 2019, solar prices dropped to a record low, around the US$40/MWh mark in the third round of the country’s large-scale solar programme.
  • A Singapore-based firm forecasts that Malaysia’s solar capacity will double from 438MW installed in 2018 to 966MW within ten years.
  • The prospect of solar projects remains positive and point to scope for accelerating growth in the market over the coming years.
  • The country’s high irradiation levels, its established domestic solar manufacturing sector, and the government’s plan to launch more large-scale solar tenders after the last rounds were significantly oversubscribed will all contribute to growth.
  • A government push to improve the competitive landscape for the power sector will also create a more favourable investment environment, giving greater scope for renewables growth when more capacity is procured.
  • A reform of the Malaysian electricity retail market industry will launch in late 2019, and state-owned energy company Tenaga Nasional Berhad will be restructured by the third quarter of 2020.


CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.


Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.


SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.


HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 


IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

Send this to a friend