Local clean energy solutionist, Plus Xnergy, underwent a rebranding exercise to optimize its business and reinvent energy. Formerly known as Plus Solar Systems Sdn Bhd, the company is now working to create more agility and focus in-house to push boundaries of respective areas, towards the redefinition of energy generation and efficiency.
“It is a rarity for businesses to rebrand during such difficult times, but we see an even more pressing need to transform and re-strategize our solutions. There is much-untapped potential in Malaysia and the region, with the Asia Pacific (APAC) renewable energy potential worth RM15.3 trillion,” said Ko Chuan Zhen, Group CEO of Plus Xnergy.
They are looking towards fitting 2,000 houses with solar power within its first year, and up to 5,000 by the second. This is aligned with the NEM 3.0 Rakyat program, which the government introduced early this year to encourage the growth and adoption of solar solutions for consumers and households. It is said that the result of the B2C efforts will lead to the creation of more than 500 microentrepreneurs.
Plus Xnergy’s rent-to-own program is capable of saving 90% of a household’s monthly electricity bills. Instead of monthly grid electricity payments, users can now divert this expense to offset the solar setup’s cost, resulting in minimal monthly expenses. After rental payments of approximately 5 years, the solar setup will be owned by the residents, granting marked higher savings. Within the period of repayment, operations and maintenance costs are borne by Plus Xnergy, removing any hidden costs. It has a warrantied performance period of up to 25 years, allowing continued gains.
Additionally, Plus Xnergy is also focused on offering its solar solutions for Malaysia’s commercial and industrial (C&I) buildings, many of which are struggling with cash flow due to the lockdowns. They are currently planning to secure up to 100MW in large-scale solar (LSS4) projects as well as to diversify into Energy Storage Systems (ESS), electric vehicle (EV) chargers, and floating solar.