REDEX to be an exclusive partner to TNBX in Malaysia to support the Malaysia Green Attribute Trading System (mGATS) platform
2024年5月20日 - 11:00AM
JCN Newswire
REDEX will be an exclusive partner to TNBX to support the
development of the Malaysia Green Attribute Trading System (mGATS)
into the country's preeminent digital trading platform for Malaysia
Renewable Energy Certificates (mREC). The upgraded platform will
provide a new avenue for businesses to conveniently pursue their
renewable energy commitments and accelerate the nation's pursuit of
a sustainable energy future.
Launched five years ago as an information hub on RECs, the revamped
mGATS will leverage REDEX's innovative technological solutions to
facilitate live trading and auctions while providing users with
price transparency for mRECs acquisition.
REDEX Founder and CEO Kang Jen Wee said, "REDEX is honoured to be
chosen by TNBX as a partner for the development of mGATS into a
premier digital trading platform for the Malaysian market. We are
excited to be part of the country's journey to create a sustainable
future for current and future generations."
"This collaboration also deepens our presence in Malaysia and
highlights our innovative technological solutions to the wider REC
industry. It also paves the way for deploying such similar proven
solutions in other countries. Utilising our expertise and
experience, REDEX will work closely with TNBX to enable more
renewable electricity certification in Malaysia."
A wholly-owned subsidiary of Malaysia's leading utility company
Tenaga Nasional Berhad (TNB), TNBX is the premier one-stop mREC
solutions provider for Malaysian consumers and businesses.
TNBX Managing Director, Ir. Mohd Razif Abd Halim said, "The
revamped mGATS is a significant step forward in Malaysia's journey
towards low carbon energy future. In line with the National Energy
Transition Roadmap (NETR), this initiative will promote renewable
energy and bolster the country's ambition to achieve net zero
carbon emissions by 2050."
"We are pleased to have REDEX, an experienced REC solution provider
as our exclusive partner and we look forward to working with REDEX
to develop a world-class platform for Malaysian corporate and
industrial entities to use. TNBX will continue to provide practical
and user-friendly renewable energy solutions for our valued
customers and the Malaysian market. mGATS is now open for account
registration at www.mgats.com.my. Do contact TNBX for more
information on acquiring your mREC in Malaysia."
About REDEX
REDEX provides innovative technological solutions that enable
companies to adopt renewable energy with ease. Headquartered in
Singapore, REDEX developed and operates Asia?s leading trading
platform for Renewable Energy Certificates (RECs). We offer a
one-stop ecosystem for RECs, supporting clients through the full
REC lifecycle ? asset registration, verification, marketplace and
retirement.
Committed to accelerate the global transition towards clean, green
and renewable energy, REDEX won the 2023 Emerging Enterprise
Sustainability Award in Singapore.
Discover more at www.redex.eco.
About TNBX Sdn Bhd
TNBX is a wholly-owned subsidiary of TNB that focuses on 'beyond
the meter' solutions. TNBX aims to provide more value propositions
to customers through smart and innovative solutions especially in
Renewable Energy (RE) and Energy Efficiency (EE). This is done
through providing a one-stop center solution to the customers and
nation such as Supply Agreement - Renewable Energy (SARE), Malaysia
Renewable Energy Certificate (mREC), and EV charging platform.
For media queries, please contact:
Lin Daoyi
Manager, Public Affairs and Communications
Tel: +65 98508979
Email: daoyi.lin@redex.eco
Source: REDEX
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