Philux Global Energy Signs Agreement to Provide Pure Geomagnetic Energy Solutions to Improve Energy Efficiency, Eliminate Greenhouse Gas Emissions and Help Meet Malaysia’s New Renewable Energy Target.
Philux Global Energy (PHIL) has signed a Memorandum of Understanding with Koastal Eco Industries to distribute geomagnetic energy products in Malaysia. The technology utilizes Schumann magnetic resonance and lightning energy from the ionosphere, featuring advantages such as weather independence, compact size, and zero emissions. This initiative aligns with Malaysia's new renewable energy target of 70% in the power mix by 2050, requiring investments of MYR637bn (US$143bn). The country's energy demand is projected to grow at 2.1% annually, reaching 69 Mtoe by 2035, with the industrial sector accounting for 38% of consumption.
Philux Global Energy (PHIL) ha firmato un Memorandum of Understanding con Koastal Eco Industries per distribuire prodotti di energia geomagnetica in Malaysia. La tecnologia utilizza la risonanza magnetica di Schumann e l'energia dei fulmini dall'ionosfera, presentando vantaggi come l'indipendenza dalle condizioni meteorologiche, le dimensioni compatte e le zero emissioni. Questa iniziativa è in linea con il nuovo obiettivo energetico rinnovabile della Malaysia, che prevede il 70% nel mix energetico entro il 2050, richiedendo investimenti di 637 miliardi di MYR (143 miliardi di USD). Si prevede che la domanda energetica del paese cresca del 2,1% all'anno, raggiungendo 69 Mtoe entro il 2035, con il settore industriale che rappresenta il 38% del consumo.
Philux Global Energy (PHIL) ha firmado un Memorando de Entendimiento con Koastal Eco Industries para distribuir productos de energía geomagnética en Malasia. La tecnología utiliza la resonancia magnética de Schumann y la energía de los relámpagos de la ionosfera, presentando ventajas como la independencia del clima, su tamaño compacto y cero emisiones. Esta iniciativa está alineada con el nuevo objetivo de energía renovable de Malasia, que busca alcanzar el 70% en la mezcla energética para 2050, requiriendo inversiones de 637 mil millones de MYR (143 mil millones de USD). Se proyecta que la demanda energética del país crezca un 2,1% anualmente, alcanzando 69 Mtoe para 2035, siendo el sector industrial responsable del 38% del consumo.
Philux Global Energy (PHIL)는 Koastal Eco Industries와 함께 말레이시아에서 지구 자기 에너지 제품을 배급하기 위한 양해각서(MOU)를 체결했습니다. 이 기술은 슈만 자기 공명과 이온권에서 생성된 번개 에너지를 활용하여 날씨에 독립적이고 소형이며 제로 배출의 장점을 갖추고 있습니다. 이 이니셔티브는 2050년까지 전력 믹스의 70%를 달성하겠다는 말레이시아의 새로운 재생 에너지 목표와 일치하며, 6,370억 MYR(1,430억 달러)의 투자가 요구됩니다. 나라의 에너지 수요는 연간 2.1% 성장할 것으로 예상되며, 2035년까지 69 Mtoe에 이를 것으로 보이며, 산업 부문이 소비의 38%를 차지합니다.
Philux Global Energy (PHIL) a signé un protocole d'accord avec Koastal Eco Industries pour distribuer des produits d'énergie géomagnétique en Malaisie. La technologie utilise la résonance magnétique de Schumann et l'énergie des éclairs provenant de l'ionosphère, présentant des avantages tels que l'indépendance aux conditions météorologiques, une taille compacte et zéro émission. Cette initiative s'inscrit dans le cadre de la nouvelle cible énergétique renouvelable de la Malaisie, qui vise 70% dans le mix énergétique d'ici 2050, nécessitant des investissements de 637 milliards de MYR (143 milliards USD). La demande énergétique du pays devrait croître de 2,1% par an, atteignant 69 Mtoe d'ici 2035, le secteur industriel représentant 38% de la consommation.
Philux Global Energy (PHIL) hat ein Memorandum of Understanding mit Koastal Eco Industries unterzeichnet, um geomagnetische Energieprodukte in Malaysia zu vertreiben. Die Technologie nutzt die Schumann-Magnetresonanz und die Energie von Blitzen aus der Ionosphäre und bietet Vorteile wie Wetterunabhängigkeit, kompakte Größe und null Emissionen. Diese Initiative steht im Einklang mit Malaysias neuem Ziel für erneuerbare Energien, das bis 2050 eine 70-prozentige Beteiligung am Strommix vorsieht und Investitionen von 637 Milliarden MYR (143 Milliarden USD) erfordert. Die Energienachfrage des Landes wird voraussichtlich jährlich um 2,1% wachsen und bis 2035 69 Mtoe erreichen, wobei der Industriesektor 38% des Verbrauchs ausmacht.
- Strategic partnership secured for distribution in Malaysian market
- Technology offers multiple competitive advantages including weather independence and zero emissions
- Aligns with Malaysia's significant renewable energy investment plan (US$143bn)
- Targets growing energy market with 2.1% annual demand growth
- Non-exclusive distribution agreement may limit market control
- Early-stage technology without proven commercial implementation
- Faces competition from established renewable energy sources (hydro, solar, biomass)
New York, Nov. 25, 2024 (GLOBE NEWSWIRE) -- PHI Group, Inc. (n/k/a Philux Global Group Inc., www.philuxglobal.com, PHIL), is pleased to announce that PHILUX GLOBAL ENERGY, INC. (“PGE”), a subsidiary of the Company, website https://philuxge.com/ and KOASTAL ECO INDUSTRIES, CO., LTD, a (“KEI”), subsidiary of KOASTAL ECO SND, BHD, a Malaysian company with headquarters in Kuching, Sarawak, Malaysia, have signed a Memorandum of Understanding to grant KEI a non-exclusive right to sell and distribute geomagnetic energy products manufactured, produced, or sold by Philux Global Energy in Malaysia.
PGE’s core technologies will include Schumann magnetic resonance, utilizing energy from lightning in the ionosphere, storage in the natural atmosphere as Energy Storage Systems (ESS), acceleration of Muon particles (subatomic particles) in the module, taking advantage of wave nodes and wave troughs in the process of transmitting energy in the form of multi-frequency impulses.
The distinctive advantages of this “Multi-Impulse Energy System” include: 1) not depending on weather conditions, 2) does not require much land and/or water surface, 3) no need for large space, easy to transport, 4) electromagnetic compatibility with living organisms and humans, no harm effects to the health of humans, livestock, pets, or vegetation, 5) no waste or greenhouse gas emissions, 6) no heat generation, 7) no noise generation, 8) easy know-how protection with quantum encryptions, 9) easy to set up virtual power plants by using proprietary modules to coordinate output synchronously, 10) easy to establish wireless power transmission systems with huge capacity without heat loss at close range, suitable setup for two-way recharging for electric cars.
Philux Global Energy plans to provide these "pure energy" solutions to support the energy transition in sectors ranging from electric vehicles to aerospace, aiming to cut dependency on traditional fuel sources while contributing to climate action goals. Our approach leverages proprietary technology to provide scalable energy options that remain unaffected by weather and environmental limitations, promising a low-impact energy source suitable for various industrial, transport and other needs.
Malaysia’s energy demand, excluding the international transport sector, is projected to grow at an average annual rate of
By 2035, natural gas will account for the largest share of the final industry demand (
The transport sector energy demand is projected to increase in the outlook period by an average annual rate of
The final energy demand for the ‘other’ sector, which includes commercial, residential, and agriculture sub-sectors, is projected to grow at an average annual rate of
The Ministry of Economy of Malaysia has announced a new renewable energy target, aiming to reach
Malaysia estimates an investment of MYR637bn (US
In addition, Malaysia will lift the ban on exports of renewable energy that was implemented in October 2021, as part of efforts to develop its clean power industry and boost non-fossil power generation.
In 2021, Malaysia produced about
Mr. Ting Teck Jin, Chairman of Koastal Eco Industries Co., Ltd., stated: “We are glad to partner with Philux Global Energy to bring better solutions to the energy needs of Malaysia, improve energy efficiency, eliminate greenhouse gas emissions, fight climate change and help meet Malaysia’s new renewable energy target.”
Henry Fahman, Chairman and Chief Executive Officer of Philux Global Group, Inc., reiterated : “We are pleased to cooperate with Koastal Eco Industries Co. and look forward to providing superior solutions to the energy needs of Malaysia. We are confident that our cooperation will create tremendous long-term benefits for both companies as well as for our shareholders, investors and all other stakeholders.”
About Philux Global Energy, Inc.
Philux Global Energy, Inc., is a Wyoming corporation and currently wholly-owned subsidiary of Philux Global Group, Inc., website https://philuxge.com/, set up to hold equity interests in energy-related acquisitions and partnerships, especially to develop and commercialize renewable energy products using geomagnetic energy technology and photon self-sustainable energy technology.
The Company has signed two separate agreements, one with SSE Group JSC to cooperate in the areas of energy efficiency and mitigation of global greenhouse gas (GHG) emissions by commercializing SSE Global Group ’s photon self-sustainable energy technology and another one with an inventor to produce generators and engines (for spaceships, airplanes, ships, cars, trains, motorcycles, etc.) using the earth’s available geomagnetic energy. The company is in the process of launching products in the U.S. markets.
About PHI Group
(n/k/a Philux Global Group, Inc.)
PHI Group (n/k/a Philux Global Group Inc., www.philuxglobal.com, PHIL) primarily focuses on developing the Asia Diamond Exchange (“ADE”) in conjunction with the proposed International Financial Center in Vietnam and the “Multi-Impulse Energy System” to provide superior solutions to improve energy efficiency, reduce greenhouse gas emissions and fight climate change. The Company also advances its Philux Global Funds SCA, SICAV-RAIF, engages in mergers and acquisitions and invests in attractive businesses and select special situations with large, growing market potential that may generate extraordinary long-term shareholder value.
Safe Harbor Act and Forward-looking Statements
This news release contains “forward-looking statements” pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected,” which are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements as a result of various factors.
Contact:
Philux Global Group Inc., (f/k/a PHI Group, Inc.)
Email: info@philuxglobal.com
Phone: +1-714-793-9227
FAQ
What is the renewable energy target set by Malaysia that PHIL aims to support?
What are the key features of PHIL's geomagnetic energy technology?
How much investment is Malaysia planning for renewable energy infrastructure?
What is Malaysia's projected energy demand growth rate according to the PHIL announcement?
