Malaysia taps Hong Kong battery expertise to power ambitions for electricity grid

The two-year agreement between Mikro MSC Berhad and Hong Kong Cospower Technology Co Ltd (HKCT) makes the company HKCT’s exclusive strategic partner in Malaysia for utility-scale battery energy storage system (BESS) projects. Such battery systems are meant to address one of solar power’s biggest challenges: storing electricity generated during the day for use when demand rises. The tie-up comes as battery makers expand overseas to meet rising demand for electric vehicles and stationary storage, while Sino-US trade tensions push companies to diversify production outside China. The companies will jointly “identify, develop, negotiate and execute storage projects” linked to the national…