by AUFA MARDHIAH / pic source: gentari.com
PETROLIAM Nasional Bhd (Petronas) has introduced a new subsidiary company, Gentari Sdn Bhd, for the purpose of accelerating the adoption and commercialisation of clean energy.
The new entity aims to deliver a suite of renewable energy (RE), hydrogen and green mobility solutions that are safe, responsible, cost-optimised and emissions-abated by applying an integrated approach across the clean energy value chain for customers globally.
In accordance with the vision of the new subsidiary, the name Gentari was inspired from the English word generation or to generate and the Malay word of “lestari”, which means sustainable — the portmanteau captures the essence of Gentari’s purpose of providing the world with sustainably generated and responsibly sourced energy that allows society to change how it lives today and progress into the future.
Gentari chairman Datuk Tengku Muhammad Taufik informed that the subsidiary company will offer cleaner energy solutions to meet the energy needs and lower carbon aspirations of Malaysia and its customers at home and abroad.
“Elevating the progress that Petronas has achieved to date under its existing New Energy Business and building on partnerships with next generation energy and technology providers, Gentari will benefit from the immediate capacity and resources to pursue clean energy at an industrial scale, starting with Malaysia and Asia-Pacific (APAC).
“We look forward to meeting the energy requirements of today and provide the future with cleaner energy solutions that fuel progress in a just and sustainable manner,” he said in a statement.
In its rollout by 2030, he also presented the company’s aspiration which encompasses: Building an RE capacity of 30 gigawatts (GW) to 40GW, specifically in solar with added opportunities in wind and battery storage; supplying up to 1.2 metric tonnes per annum of hydrogen by leveraging competencies in developing large projects to achieve scale as a low carbon hydrogen producer beginning with projects in Malaysia; and becoming a preferred green mobility solutions provider, supporting the electric vehicle (EV) ecosystem by capturing 10% market share (circa 25,000 charging points based on current estimates) across key markets in APAC with an anchored presence in Malaysia and India.
While being committed to provide a more feasible net zero solution for its customer, Gentari also plans to grow the overall market for clean energy by investing and innovating with like-minded partners to achieve greater results.
To date, Gentari’s clean energy assets and projects include over 1GW peak of solar capacity in India and Malaysia; a pipeline of clean hydrogen projects being developed in Malaysia and other prioritised markets together with partners; the first of these projects is targeted to come onstream in 2025; and over 220 EVs under the Vehicle-as-a-Service model as well as scaling the existing network of some 170 charge points in India and Malaysia.