- General Electric (GE) and Malaysian Green Technology Corporation (GreenTech Malaysia) will collaborate to support the development of Smart Grid initiatives towards a more efficient and sustainable distribution of electricity across Malaysia
- Both parties will provide recommendations and share best practices on Smart Grid policy development and green technology deployment, supported by Tenaga Nasional Berhad
- The collaboration is an extension of the agreement between GE and GreenTech Malaysia to cooperate on green initiatives of strategic national interest, and is aligned with GE's commitment to support sustainable growth in Malaysia
SAN FRANCISCO, UNITED STATES --- September 23, 2013 --- General Electric (GE) and Malaysian Green Technology Corporation (GreenTech Malaysia) signed a Memorandum of Understanding (MoU) today to explore and develop Smart Grid initiatives in support of meeting future electricity demand and the deployment of green technology for sustainable electricity production and distribution in Malaysia.
The MoU was signed by Deb Frodl, Global Executive Director of ecomagination, GE, and Ir Ahmad Hadri Idris, Chief Executive Officer of Malaysian Green Technology Corporation, in the presence of the Prime Minister of Malaysia, Dato' Sri Mohd Najib Tun Abdul Razak at the 3rd Global Science & Innovation Advisory Council (GSIAC) Annual Meeting. The GSIAC is a joint initiative between the Malaysian Industry-Government Group for High Technology (MIGHT), an organization under the Prime Minister's Department of Malaysia and the New York Academy of Sciences (NYAS).
Deb Frodl, global executive director of ecomagination, GE said, "We are proud to work with Malaysia as its growing population leads to increased energy demand. This collaboration will elevate awareness of the Smart Grid and promote the use of efficient and reliable energy to power Malaysia's growth"
Ahmad Hadri said, "As energy demand continues to rise in Malaysia, the implementation of Smart Grid systems will be instrumental to improving the efficiency and reliability of the grid system operator while also empowering consumers with new options with regards to their electricity consumption needs. This will also help to reduce Malaysia's dependency on fossil fuel by encouraging renewable energy developers, in line with our vision to transform Malaysia into a global hub for green technology."
Under the MoU, GE and GreenTech Malaysia will jointly provide expertise and recommendations to support policy discussions around the development of a smart grid policy and regulatory framework in Malaysia. Recommendations on regulatory requirements and standards will be provided at industry roundtable discussions to advocate and raise Government and stakeholder awareness on best practices in Smart Grid policy development and technology deployment.
Both parties will explore the feasibility of conducting a joint study to assess key technologies and integrated Smart Grid solutions, undertaking best practices and benchmarking analysis to support and meet Malaysia's electricity demand and the deployment of green technology. Study visits to sites such as GE's Global Software Center in San Ramon, San Francisco, America and GE's Grid IQ Global Innovation Center in Ontario, Canada will be facilitated.
The MoU is an extension of an agreement signed in 2011 between GE and GreenTech Malaysia to collaborate on green initiatives of strategic interest in Malaysia that is aligned with the key thrusts of the National Green Technology agenda. It also cements GE's commitment towards supporting sustainable development of Malaysia into a high-income nation by year 2020.
In conjunction with the 3rd GSIAC Annual Meeting, officiated by the Prime Minister of Malaysia, Dato' Sri Mohd Najib Tun Abdul Razak, a High Level Forum themed, Green Future, was hosted by MIGHT in collaboration with the Ministry of Energy, Green Technology and Water (KeTTHA), supported by Tenaga Nasional Berhad, Universiti Tenaga National (UNITEN) and GreenTech Malaysia. The forum aims to explore various ways for Malaysia and potential partners to collaborate on countering the challenges of developing a low carbon economy as they work towards shaping a greener and better future. Deb Frodl, Global Executive Director of ecomagination, GE, spoke at the panel session titled, "Capacity Building Towards a Greener Future", on developing skills, knowledge and competencies needed to enable the adoption of resource-efficient and sustainable processes, allowing for the generation of new greener technologies.
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
About GE in Malaysia
GE's footprint in Malaysia began in 1975 with a sales and service centre. Today, GE is present in two major locations (Kuala Lumpur headquarters and an aircraft engine maintenance, repair and overhaul Center of Excellence in Subang) as well as several key customers sites throughout the country. All our key businesses (Aviation, Oil and Gas, Energy Management, Power and Water, Healthcare, Transportation and Lighting) are present in Malaysia .The Kuala Lumpur office serves as our ASEAN corporate headquarters, and Asia Pacific headquarters for GE Oil and Gas. GE is committed to contributing to the nation's sustainable development and prosperity, and is investing in its future with advanced technology solutions and services as a trusted and committed local partner. For more information please visit www.ge.com/my.
Ecomagination is GE's commitment to provide innovative solutions that make measurable differences and create sustainable outcomes for our customers and our own operations across the globe. ecomagination works to help build a world that is faster, cleaner and better for all of us. To learn more about GE's work to build solutions for today's environmental challenges while driving economic growth, visit www.ge.com/ecomagination.
About Malaysian Green Technology Corporation
Malaysian Green Technology Corporation or GreenTech Malaysia is a not-for-profit organisation under the purview of the Ministry of Energy, Green Technology and Water Malaysia (KeTTHA), charged in the development and promotion of green technology as a strategic engine for socio-economic growth in Malaysia.
For more information, please contact:
+603 2267 1892
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