Biogas also promises a 95% reliability rate. This waste-to-energy system transforms waste into useful resources such as steam and electricity. Biogas serves as an ideal replacement for carbon-intensive, non-renewable fossil fuels, which helps to significantly lower the amount of fossil fuels used in the production of energy from renewable sources. Time to compile with the ESG rules
Kinergy Advancement: Posts highest quarterly profit since listing, boosted by sustainable energy solutions. Kinergy Advancement (KAB)’s net profit jumped 19-fold to RM20.36m for the third quarter ended Sept 30, 2023 (3QFY23), its highest quarterly profit since listing in 2017, against RM1.05m in the previous year’s corresponding quarter. Boosted by the strong sustainable energy solutions (SES) business, operating profit also increased more than 90-fold to RM21.32m from RM219,000 while revenue more than tripled to RM12.88m from RM3.63m, due to higher tariffs, contributions from new projects and a gain from the acquisition of a mini-hydropower plant PT Inpola Mitra Elektrindo.