VCI Global Partners with Tianneng for Renewable Energy Expansion
KUALA LUMPUR, Malaysia, Jan. 05, 2026 (GLOBE NEWSWIRE) - VCI Global Limited (NASDAQ: VCIG) has announced a significant strategic collaboration with Zhejiang Tianneng Energy Storage Technology Development Co., Ltd. This partnership, through VCI Global's controlled renewable energy platform, VCI Energy Sdn Bhd, aims to develop a scalable infrastructure that integrates 250MW of solar generation with up to 800MWh of battery energy storage systems (BESS).
Details of the Collaboration
As part of this collaboration, Tianneng will serve as VCI Energy’s primary Engineering, Procurement, Construction, and Financing Facilitation (EPC+F) partner. The project will initiate with a large-scale solar-plus-storage deployment located in Malacca, Malaysia. This innovative system is designed to provide reliable, round-the-clock clean power that supports the operational needs of AI data centers, hyperscalers, and various advanced digital infrastructure operators across the Southeast Asian region.
Strategic Implications of the Partnership
The collaboration marks a pivotal moment in Tianneng’s international growth strategy, positioning both companies to tap into the increasing demand for sustainable energy solutions. Mr. Yuan Ye, General Manager of Tianneng Global Marketing Center, commented, “We look forward to deploying our advanced energy storage technologies to support Malaysia’s rapidly growing AI and digital infrastructure ecosystem.”
Tianneng's Industry Leadership and Financial Strength
Tianneng Holding Group, a key leader in high-performance battery technology, reported an impressive US$10.7 billion in annual revenue in 2024, ranking 239 on the Fortune China 500 list. Tianneng's capabilities in battery manufacturing and energy management technologies position it as a formidable partner for VCI Global in this ambitious project.
- Production Capacity: Over 80GWh
- Dual-Listed: HKEX (0819) and SSE (688819)
Financial Highlights of the Initiative
The 250MW solar and 800MWh BESS project is structured under a specialized EPC+F model, facilitating non-dilutive project-level financing. Key financial highlights include:
- Project Value: Estimated between US$200 million to US$300 million
- Revenue Potential: Cumulative contracted revenue could reach US$360 million to US$480 million over 20 years
- Annual Revenue Target: Projected earnings of US$18 million to US$24 million, based on energy output
Dato’ Victor Hoo, Group Executive Chairman and CEO of VCI Global, remarked, “This collaboration with Tianneng secures the technical capability and financial strength required to execute energy infrastructure at a true institutional scale.”
About VCI Global
VCI Global Limited is committed to building innovative platforms across diverse sectors, including artificial intelligence, digital treasury systems, and capital markets solutions. By merging technological advancements with financial ecosystems, VCI Global is poised to capture evolving opportunities in the digital economy.
For further details, please visit VCI Global's website.
Forward-Looking Statements
This announcement contains forward-looking statements based on current beliefs and expectations. These statements are subject to a variety of risks and uncertainties that may cause actual results to differ materially. Investors and stakeholders should not rely solely on these predictions, which are not guarantees of future performance.
Contact Information
For media inquiries, please contact: VCI Global Limited at enquiries@v-capital.co.