MIKRO MSC Bhd has sealed a strategic partnership agreement with Hong Kong Cospower Technology Co Ltd (HKCT), the international commercial arm of Cospowers Group, to become the latter’s exclusive strategic partner in Malaysia for utility large-scale battery energy storage systems (BESS) projects.
The partnership marks a significant step in the ACE Market-listed group’s expansion into Malaysia’s fast-growing energy storage sector as the country accelerates its transition towards a more resilient, renewable-ready and future-proof power grid.
Cospowers Group is recognised as a BloombergNEF 2025 global tier-1 energy storage manufacturer with more than 30 years of lithium battery technology heritage, operations across more than 70 countries and regions, and cumulative energy storage battery shipments exceeding 23GWh.
Through HKCT, the group brings proven global manufacturing scale, technical expertise and deployment experience to support Malaysia’s emerging grid-scale energy storage requirements.
The agreement was inked by Mikro MSC’s executive director and CEO Syed Mohd Hafiz Syed Mohd and HKCT’s vice-president William Wang with Deputy Prime Minister II and Energy Transition and Water Transformation Minister Datuk Seri Fadillah Yusof witnessing the event.
Under the two-year collaboration, Mikro MSC and HKCT will jointly identify, develop, pursue, negotiate and execute BESS projects across Malaysia.
Formidable partnership
The exclusive arrangement covers utility large-scale energy storage target projects involving HKCT in Malaysia, including public utility-scale projects, grid-scale systems connected directly to the national power grid, renewable energy-integrated solutions as well as eligible commercial and industrial projects.
This will position both parties as a competitive and preferred BESS solution provider for government-led programmes, GLC (government-linked company) initiatives and renewable energy integration projects in the country.
“Mikro MSC is a leading provider of electrical protection and power systems solutions in Malaysia with deep relationships and an established track record built across the utilities, infrastructure and industrial sectors over nearly three decades,” commented CEO Syed Mohd Hafiz.
“We’re well-positioned to capture the significant opportunities that the NETR (National Energy Transition Roadmap) presents for the country’s energy future and long-term sustainable economic growth.”
Added Hafiz: “In HKCT, we’ve found a world leader in battery energy storage technology and a natural choice of partner, one that brings cost-effective, advanced solutions precisely aligned with Malaysia’s energy transition aspirations.”
The partnership specifically targets key opportunities under the NETR, anchored by the Malaysia Battery Energy Storage System (MyBeST) programme, the country’s inaugural competitive open bidding exercise for grid-scale energy storage governed by the Energy Commission.
Under the NETR’s Responsible Transition initiative which focuses on diversifying Malaysia’s energy mix and growing the green economy, investment opportunities are projected at between RM1.2 tril and RM1.3 tril by 2050.
This underscores the scale of Malaysia’s clean energy transformation and the strategic importance of energy storage in enabling greater renewable energy penetration.
Launched in November 2024, MyBeST targets 400MW of battery capacity and 1,600MWh of energy storage across four projects in Peninsular Malaysia in support of Malaysia’s target of 70% renewable energy capacity by 2050.
At 3.49pm, Mikro MSC was down 0.5 sen or 1.02% to 48.5 sen with 1.38 million shares traded, this valuing the company at RM586 mil. – June 4, 2026
