Keystone Renewable Energy Pte. Ltd. ("Keystone") and Geothermal Resources Sdn. Bhd. ("GRSB") are pleased to announce the signing of a Memorandum of Understanding (MOU) to jointly research, develop, and utilize geothermal energy resources in Malaysia. This collaboration marks a significant step toward accelerating the nation’s clean energy transition and enhancing energy security.

This MOU aligns closely with the National Energy Transition Roadmap (NETR) and Malaysia Renewable Energy Roadmap (MyRER), which aim to increase the share of renewables in the energy mix and promote indigenous, low-carbon resources. The joint efforts between Keystone and GRSB will support these national objectives by fostering innovation in geothermal technology, developing local talent, and unlocking Malaysia’s untapped geothermal potential.

“This partnership reflects our shared commitment to responsible energy development,” said a Keystone spokesperson. “By combining Keystone’s international project experience with GRSB’s local knowledge and academic strength, we are confident this initiative will complement Malaysia’s policy direction and pave the way for long-term sustainable growth in the renewable energy sector.”

The collaboration will focus on identifying geothermal resources, conducting feasibility studies, and exploring scalable project models that benefit both the economy and the environment.

Keystone Renewable Energy, an affiliated company of Keystone Offshore Pte. Ltd. (https://www.keystoneoffshore.com), brings strong technical and commercial expertise in offshore and renewable energy. Headquartered in Singapore, Keystone is committed to supporting global net-zero ambitions through partnerships in land and offshore wind, solar (including floating PV), ocean wave energy, carbon capture and storage (CCS), and geothermal development.

Geothermal Resources (https://geothermal-resources.com)  is an affiliated company of Universiti Kebangsaan Malaysia (UKM) under Centre for Innovation & Technology Transfer (INOVASI@UKM), a leading research university in Malaysia. Represented by UKM's Faculty of Science and Technology and lead by Assoc. Prof. PGeol. Ts. Dr. Mohd Hariri Bin Arifin, GRSB leverages academic excellence, scientific research, and local knowledge to advance sustainable energy initiatives.