In addition, the solar-covered car park is currently in the planning stage. It is planned to be fully executed by 2023, with which further collaboration between industries and financial institutions. This project is expected to increase electricity generation from solar photovoltaics, supporting the current rooftop solar project. Other projects in the planning stage include the installation of the Building Energy Management System (BEMS). This project is targeted to boost the energy efficiency of the building. This new system will be able to monitor and control the building's energy needs, including heating, ventilation, lighting, and air conditioning. This could assist in the decision-making process to improve the energy efficiency of the building. Furthermore, MIGHT is also considering installing micro-combined heat and power (CHP) for its building. The micro-CHP is targeted to generate electricity and to use recoverable thermal heat from combustion for space cooling. It is considered a low- carbon technology as it is more efficient than just demanding electricity from the grid. Other initiatives such as biogas reactors, battery energy storage systems (BESS), hydrogen fuel cells, indoor air quality management and rainwater harvesting are in the exploration stage.
All these initiatives will then be accounted for via a Carbon Credit (CC) system to enable MIGHT to monetise the carbon saved and gives value-add to the system. These initiatives could boost the MIGHT objective to revolutionise its building into a Net Zero Energy Building by 2025. Optimistically, this project can be replicated in any building and industry in Malaysia since it is designed to be easily replicated. The Zero Capex business model that has been injected as the main criteria of this project could eliminate one of the most significant barriers for the industries. First, the plan could reduce the energy consumption and the energy costs of the building due to improved energy efficiency and complete control over its electricity supply.
"The Net Zero Energy Building could also protect industries against any energy price hike in the future, citing uncertainty in the global energy market induced by many events such as the Russia-Ukraine conflict." Stakeholders also are shielded from sudden power cuts, brownouts and power surges, which could happen if the building still relies on the energy supply from the grid. These benefits could increase Malaysia's Competitiveness Index and solves some of Malaysia's energy trilemma. This project will support Sustainable Development Goals (SDG) such as SDG7- Affordable Clean Energy, SDG12- Responsible Consumption & Production and SDG13- Climate Action. At the same time, this will position MIGHT as a frontrunner of Malaysia's climate action and sustainable development towards Net Zero Carbon Emissions of 2050. 19
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