Annica Holdings Limited has announced the acquisition of a significant project to deploy integrated solar and hydrogen energy systems in Sarawak, Malaysia. The project, awarded by Universiti Malaysia Sarawak (UNIMAS), will see Annica’s subsidiary, H2 Energy Sdn Bhd, implement off-grid power solutions as part of the Kampung Assum Living Lab initiative. The project is set to commence at the end of June 2026.
This development marks the conversion of a 2024 non-binding Memorandum of Understanding into a commercial contract, showcasing Annica’s capability to transform strategic engagements into business opportunities. The initiative aims to address the challenge of providing renewable energy to remote communities in Sarawak, which are not connected to the national grid.
In addition to the solar-hydrogen project, Annica’s subsidiary, Cahya Suria Energy Sdn. Bhd., is in discussions with Travia Consultancy Services Pte. Ltd. to expand their existing framework agreement. This expansion will focus on producing diesel-grade products from end-of-life tyres, enhancing feedstock security, and improving product quality. The recycling facility in Tanjung Malim, Malaysia, is expected to commence commercial production by the fourth quarter of 2026.
Annica is also conducting a rights issue to raise up to S$5.23m, which will fund project development and other corporate needs. CEO Sandra Liz Hon Ai Ling stated, “The Living Lab project underscores our ability to deliver real-world applications of our technology.” The company anticipates that these initiatives will significantly contribute to the growth of its renewable energy segment.
