Palmal Group has signed a Memorandum of Understanding (MoU) with AKS Hithium to accelerate the deployment of Battery Energy Storage Systems (BESS) across its manufacturing facilities, marking another important milestone in the Group’s journey toward greater energy security, renewable energy utilization and industrial decarbonization.
The MoU was signed by 𝗛𝗼𝗻𝗼𝘂𝗿𝗮𝗯𝗹𝗲 𝗠𝗮𝗻𝗮𝗴𝗶𝗻𝗴 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿 𝗠𝗿. 𝗡𝗮𝗳𝗶𝘀 𝗦𝗶𝗸𝗱𝗲𝗿 with AKS Hithium, with an initial 𝟰 𝗠𝗪𝗵 𝗕𝗘𝗦𝗦 𝗺𝗶𝗹𝗲𝘀𝘁𝗼𝗻𝗲 forming part of the collaboration.
The ceremony brought together senior representatives from 𝗔𝗞𝗦 𝗞𝗵𝗮𝗻 𝗘𝗻𝗲𝗿𝗴𝘆 𝗟𝘁𝗱., 𝗫𝗶𝗮𝗺𝗲𝗻 𝗛𝗶𝘁𝗵𝗶𝘂𝗺 𝗘𝗻𝗲𝗿𝗴𝘆 𝗦𝘁𝗼𝗿𝗮𝗴𝗲 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 𝗖𝗼., 𝗟𝘁𝗱., 𝗣𝗮𝗹𝗺𝗮𝗹 𝗚𝗿𝗼𝘂𝗽 𝗮𝗻𝗱 𝗕𝗚𝗠𝗘𝗔. Distinguished guests included 𝗠s. Samanzar Khan, Managing Director, AKS Khan Energy Ltd.; Mr. Andrew Smith, Chairman, AKS Khan Energy Ltd.; Mr. Hong Chen, Managing Director (APeC, MEA), Xiamen Hithium Energy Storage Technology Co., Ltd.; and Ms. Jenny, Global Corporate and Industrial Senior Sales Manager, Xiamen Hithium Energy Storage Technology Co., Ltd.
The event was also attended by 𝗕𝗮𝗿𝗿𝗶𝘀𝘁𝗲𝗿 𝗩𝗶𝗱𝗶𝘆𝗮 𝗔𝗺𝗿𝗶𝘁 𝗞𝗵𝗮𝗻, Vice President, BGMEA, along with other senior representatives from Hithium and Palmal.
For Palmal Group, the BESS initiative builds on years of investment in 𝗲𝗻𝗲𝗿𝗴𝘆 𝗲𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆, 𝗯𝗶𝗼𝗺𝗮𝘀𝘀 𝗮𝗻𝗱 𝗿𝗲𝗻𝗲𝘄𝗮𝗯𝗹𝗲 𝗲𝗻𝗲𝗿𝗴𝘆. The Group has installed 𝗿𝗶𝗰𝗲 𝗵𝘂𝘀𝗸 𝗯𝗶𝗼𝗺𝗮𝘀𝘀 𝗯𝗼𝗶𝗹𝗲𝗿𝘀 𝗮𝗰𝗿𝗼𝘀𝘀 𝗶𝘁𝘀 𝗳𝗮𝗰𝘁𝗼𝗿𝗶𝗲𝘀, strengthening energy security while supporting its long-term decarbonization objectives. At the same time, the Group has developed 𝗺𝗼𝗿𝗲 𝘁𝗵𝗮𝗻 𝟴 𝗠𝗪𝗽 𝗼𝗳 𝗿𝗼𝗼𝗳𝘁𝗼𝗽 𝘀𝗼𝗹𝗮𝗿 𝗰𝗮𝗽𝗮𝗰𝗶𝘁𝘆 across its manufacturing facilities.
The next step is to maximize the utilization of this renewable electricity through battery storage. Under the planned BESS strategy, surplus solar electricity will receive first priority for charging the batteries. When sufficient solar energy is unavailable, the batteries can also be charged from the electricity grid. The stored energy can then be utilized when required, helping reduce dependence on diesel-based backup generation.
The initiative is particularly relevant amid global fuel-market volatility and rising diesel prices, while also supporting Palmal Group’s broader decarbonization objectives.
Speaking at the ceremony, 𝗠𝗿. 𝗡𝗮𝗳𝗶𝘀 𝗦𝗶𝗸𝗱𝗲𝗿, Honorable Managing Director of Palmal Group, emphasized the Group’s continued investment in practical solutions that strengthen energy security while reducing environmental impact. He highlighted Palmal’s journey from rice husk biomass boilers to rooftop solar and now battery storage, with the objective of maximizing renewable energy utilization and progressively reducing dependence on diesel.
According to the Managing Director, the objective is not simply to install batteries, but to develop a more integrated and intelligent energy management system across the factories. By combining solar, grid electricity and battery storage, Palmal Group aims to make better use of renewable energy, reduce diesel dependence and improve the resilience of its manufacturing operations.
Palmal Group plans to progressively deploy BESS across its factories, using the initial projects to build technical expertise and operational experience for wider implementation. By integrating biomass, rooftop solar, grid electricity and battery storage, the Group aims to build a more resilient, cost-efficient and lower-carbon energy system across its manufacturing operations.
The signing of the MoU with AKS Hithium marks another step forward in Palmal Group’s commitment to cleaner energy, greater energy security and sustainable manufacturing.
𝗙𝗿𝗼𝗺 𝗯𝗶𝗼𝗺𝗮𝘀𝘀 𝘁𝗼 𝘀𝗼𝗹𝗮𝗿. 𝗙𝗿𝗼𝗺 𝘀𝗼𝗹𝗮𝗿 𝘁𝗼 𝘀𝘁𝗼𝗿𝗮𝗴𝗲. 𝗧𝗼𝘄𝗮𝗿𝗱 𝗮 𝗺𝗼𝗿𝗲 𝗿𝗲𝘀𝗶𝗹𝗶𝗲𝗻𝘁 𝗮𝗻𝗱 𝗹𝗼𝘄𝗲𝗿-𝗰𝗮𝗿𝗯𝗼𝗻 𝗳𝘂𝘁𝘂𝗿𝗲. 🌱🔋
