Big bets on Bess
Dubbed MyBeST, the initiative is structured as a two-stage bidding process and targets 400MW of battery power capacity with 1,600MWh of energy storage, slated to begin full operation by 2026/2027.
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New Straits Times
15 hours ago
- New Straits Times
PublicInvest initiates HE Group at 'Neutral', sets target price at 37 Sen
KUALA LUMPUR: PublicInvest Research has initiated coverage on HE Group Bhd, an electrical engineering service provider, with a "Neutral" rating and a target price of 37 sen. The target price is based on 12 times earnings per share for financial year 2026 (FY26), reflecting a 25 per cent discount to industry peers and the Kuala Lumpur Construction Index, given HE Group's smaller market capitalisation and lack of diversification in earnings. Listed on the ACE Market of Bursa Malaysia since Jan 30 last year, the company is currently seeking a transfer to the Main Market, aiming to elevate its corporate profile. The company specialises in power distribution systems for end-user premises and boasts an established client base, particularly among multinational corporations in the semiconductor, medical device and electronics manufacturing sectors. Despite its solid track record, HE Group has yet to secure a significant foothold in the data centre (DC) space, an area it is actively targeting. Leveraging its expertise in substation development and industrial power systems, the company is positioning itself to tap into Malaysia's growing DC industry, which is closely intertwined with the semiconductor sector. "The growing DC industry in Malaysia is expected to drive demand for advanced semiconductor chips, creating a connection between these two critical sectors that are important to HE Group. "Renewable energy (RE) sector also presents an emerging opportunity, as supportive government policies accelerate RE adoption, particularly driving interest in battery energy storage systems. "HE Group is able to leverage its expertise in power distribution system for the RE industry as its strong fundamental knowledge in energy delivery closely aligns with the technical demand for BESS projects," PublicInvest added. The firm expects a three-year net profit compound annual growth rate of six per cent for the period FY24 to FY27, driven by stable contribution from the electrical equipment hook-up and retrofitting and power distribution system segments. It currently holds an outstanding orderbook of RM68.7 million and is eyeing RM50 million in replenishment for FY25, with a tender book valued at RM675 million. PublicInvest, however, flagged several key risks, including the highly fragmented mechanical and electrical industry, intensifying competition and macro challenges stemming from global trade tensions and cyclical downturns in end-user industries. "We like HE Group's proven execution in the semiconductor space and believe its skillsets are transferable to the DC segment. "However, without clear visibility on job wins in new verticals and amid external headwinds, we are cautious in the near term," the firm said.
The Star
2 days ago
- The Star
Big bets on Bess
AS the market awaits the award of the large scale solar 5+ (LSS5+) programme, strong interest is also building around the country's inaugural tender for battery energy storage systems (Bess), which was launched late last year. Dubbed MyBeST, the initiative is structured as a two-stage bidding process and targets 400MW of battery power capacity with 1,600MWh of energy storage, slated to begin full operation by 2026/2027.
Malaysian Reserve
21-07-2025
- Malaysian Reserve
Trina Storage Strengthens APAC Footprint with Japan-Based Dual Deployment
TOKYO, July 21, 2025 /PRNewswire/ — Trina Storage, a global leader of integrated battery energy storage systems (BESS) solutions, has successfully deployed and commissioned its Elementa 2 BESS at two utility-scale power plants in Japan's Gunma Prefecture. The project represents a key milestone for its growing footprint in APAC, where over 2.4 GWh of utility-scale BESS capacity is under execution. The Elementa 2 units were delivered simultaneously to two separate sites and brought online in less than three weeks. This dual-site deployment and commissioning was successfully executed under a compressed timeframe with Trina Storage's global engineering team collaborating with local technical specialists to support the system delivery and installation phases. This reflects a high-efficiency delivery model that combines global expertise with local execution. The client lauded Trina Storage for its professionalism, speed, and flexibility throughout the delivery process. Their decision to select Elementa 2 was based not only on product performance but also on Trina Storage's proven capability as a system integrator and the reliability of its local support. Combined, the systems deliver approximately 16 MWh of storage capacity, equivalent to powering 1,500 households. The project demonstrates Elementa 2's readiness for high-compliance environments. It meets Japan's stringent high-voltage grid standards, with the system supporting a range of applications including energy arbitrage, frequency regulation, and capacity firming. Elementa 2 meets major international safety and performance standards, including the world's first UL certification for liquid-cooled thermal control, IEC 61508 Functional Safety Process Certificate, TÜV NFPA69 explosion-proof ventilation certification, and Japan's JET fire propagation test — the first granted to an overseas brand. Backed by a reliable supply chain, comprehensive warranties, and long-term performance guarantees, Trina Storage ensures both operational reliability and financial bankability. The company is a BloombergNEF Tier 1 energy storage manufacturer for six straight quarters and ranks among top global BESS providers in its bankability surveys. 'Delivering two grid-integrated projects within three weeks highlights not only our product readiness, but also our local execution capability,' said Li Na, General Manager of Trinasolar Japan. 'Trina Storage offers a full-scope delivery framework from manufacturing to commissioning and a strong local team that understands Japan's regulatory and grid environment. We deeply appreciate our customer's trust and will continue building on this foundation to support the energy transition.' Japan's regulatory environment is among the most rigorous in the region. Completing this project positions Trina Storage to support customers in APAC's growing market.
