Introducing the Corporate Renewable Energy Supply Scheme (CRESS) marks a significant step toward Malaysia’s remarkable transition to open grid access and the nation’s aspiration of incorporating 70% renewable energy into its capacity mix by 2050.
CRESS allows corporate consumers to directly source renewable energy from renewable energy developers in line with their sustainable goals, paving the way for a more sustainable electricity market.
This publication discusses the key takeaways from the CRESS town hall organised by the Ministry of Energy Transition & Water Transformation and the Energy Commission of Malaysia earlier this month. It provides a glimpse of the CRESS framework, its participating requirements, and information on battery energy storage systems (BESS).
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