Business
Singapore, May 20, 2024 – (ACN Newswire) – REDEX will be the exclusive partner of TNBX and support the development of the Malaysian Green Attribute Trading System (mGATS) into the country’s premier digital trading platform for Malaysian Renewable Energy Certificates (mRECs). The upgraded platform provides new avenues for companies to conveniently advance their renewable energy initiatives and accelerate the nation’s pursuit of a sustainable energy future.
Founded five years ago as an information hub on RECs, the revamped mGATS leverages REDEX’s innovative technology solutions to facilitate live trading and auctions, while providing users with price transparency for acquiring mRECs. To do.
Kang Jen Wee, Founder and CEO of REDEX, said: “REDEX is honored to have been chosen by TNBX as a partner to develop mGATS into the best digital trading platform for the Malaysian market. We are committed to creating a sustainable future for current and future generations. I’m excited to be a part of this country’s journey to create.
“This partnership further deepens our presence in Malaysia and highlights our innovative technology solutions to the broader REC industry. Leveraging our expertise and experience, REDEX will work closely with TNBX to enable more renewable power certifications in Malaysia.”
TNBX, a wholly owned subsidiary of Malaysia’s leading utility company Tenaga Nasional Berhad (TNB), is the premier one-stop mREC solution provider for consumers and businesses in Malaysia.
TNBX Managing Director Ir. Mohd Razif Abd Halim said, “The revamped mGATS is an important step in Malaysia’s journey towards a low-carbon energy future.” This initiative, in line with the National Energy Transition Roadmap (NETR), will promote renewable energy and strengthen 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 look forward to working with them to develop a world-class platform for use by Malaysian businesses and industry bodies. TNBX continues to provide practical and easy-to-use renewable energy solutions to our valued customers and the Malaysian market. mGATS is currently accepting account registrations at the following locations:www.mgats.com.my. For more information on obtaining mREC in Malaysia, please contact TNBX. ”
About REDEX
REDEX provides innovative technology solutions that make it easy for businesses to deploy renewable energy. Headquartered in Singapore, REDEX develops and operates Asia’s leading renewable energy certificate (REC) trading platform. We provide a one-stop ecosystem for RECs, supporting clients throughout their REC lifecycle: asset registration, validation, market and disposal.
REDEX is committed to accelerating the global transition to clean, green and renewable energy and has been awarded the 2023 Emerging Enterprise Sustainability Award in Singapore.
Learn more about www.redex.eco.
About TNBX Sdn Bhd
TNBX is a wholly owned subsidiary of TNB and is focused on “beyond the meter” solutions. TNBX aims to offer more value propositions to its customers, especially through smart and innovative solutions in renewable energy (RE) and energy efficiency (EE). This will be achieved by providing customers and the nation with one-stop center solutions such as the Supply Agreement for Renewable Energy (SARE), Malaysia Renewable Energy Certificate (mREC) and EV charging platform.
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Topic: Press Release Overview
sauce: redex
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“Singapore, May 20, 2024 – (ACN Newswire) – REDEX becomes the exclusive partner of TNBX to support the development of the Malaysian Green Attribute Trading System (mGATS)…”
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