NuEnergy Holdings Bhd
MMYX:NHB1.31
MYR
-0.01
(-0.76%)
ISIN
MYL5614OO002
Return %
Stock
S&P 500
1Y
92.65
14.20
3Y
113.01
81.12
5Y
194.38
68.34
Capital Structure
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- CEO
- Wei Hann Tang
- Full Time Employees
- 72
- Sector
- Utilities
- Industry
- Alternative power generation
- Address
- Petaling Jaya Malaysia
- IPO Date
- Jul 15, 1993
- Website
- nuenergy.com.my
- Similar Companies
- Business
- NuEnergy Holdings Berhad is a Malaysia-based investment holding company that specializes in renewable energy generation, solar infrastructure development, and clean energy engineering solutions. The company operates through core business segments dedicated to the development, construction, operation, and maintenance of solar photovoltaic (PV) facilities and energy storage infrastructure. Its principal products and services comprise utility-scale solar power generation and grid-connected solar farm development; engineering, procurement, construction, and commissioning (EPCC) services for ground-mounted, floating, and commercial and industrial (C&I) rooftop solar PV systems; battery energy storage systems (BESS) engineering, supply, and integration; solar asset ownership under long-term power purchase agreements (PPAs) and corporate green energy supply arrangements; and comprehensive solar plant operation and maintenance (O&M) services. NuEnergy Holdings Berhad primarily serves utility companies, government institutions, and commercial and industrial enterprises across Malaysia. Founded in 1991, the company is headquartered in Petaling Jaya, Selangor, Malaysia, and is listed on the Main Market of Bursa Malaysia. In recent strategic developments, the company executed a comprehensive corporate transformation from its legacy logistics business into a dedicated renewable energy company, officially rebranding from ILB Group Berhad (formerly Integrated Logistics Berhad) to NuEnergy Holdings Berhad in 2024. To accelerate this transition, the group completed the RM98 million acquisition of Armani Sinar Sdn Bhd and associated operating solar assets from Armani Energy Sdn Bhd. The company has subsequently expanded its operational portfolio by securing a RM270 million contract for the engineering, procurement, construction, and commissioning of a 65 MWp solar PV plant integrated with a 200 MWh battery energy storage system in Johor, as well as committing RM48.8 million toward a 21 MWp solar PV installation project across 49 government rooftop facilities.