iHandal Holdings Sdn Bhd (“iHandal”)
Industry Leader: Energy Efficiency Solutions Innovator
iHandal is an award-winning provider of turnkey consultancy and contracting company who supply energy efficiency solutions to commercial and industrial clients.
Headquartered in Malaysia, the company has a commercial footprint covering South East Asia (including Indonesia, Singapore, Thailand, Vietnam, Philippines and Timor Leste), South Asia (Sri Lanka), Oceania (Papua New Guinea) and North America.
iHandal’s vision of “Reducing CO2 emissions by 200 million tons annually” is driven by the immense sustainability impact of their proprietary Heatfuse solution across industries.
iHandal’s solutions have been internationally recognized, including its selection for the inaugural cohort of the Clean Fight New York (“TCF”), a not-for-profit accelerator aimed at driving building decarbonization in New York City funded by the New York State Energy Research and Development Authority (“NYSERDA”). iHandal was the only company outside of North America to be selected out of 150 applicants to join TCF’s first chapter of 9 companies.
This investment was completed via SPV in May 2021.
In August 2021, iHandal was featured in the inaugural Forbes Asia 100 To Watch list, which spotlights notable companies on the rise across the Asia-Pacific region. iHandal was one of four Malaysian companies that made it to the final 100 selected from over 900 companies.
Bintang's investment in iHandal represents a remarkable opportunity to contribute to the rapidly expanding global renewable energy market. The market is expected to grow at a CAGR of 8.3% from 2021 to 2028, with projections reaching a staggering US$2 trillion by 2028. With iHandal's trailblazing solutions and cutting-edge technologies, the world can accelerate its transition towards energy-efficient building systems. Through such advancements, we can significantly reduce carbon emissions and pave the way for a more sustainable future. Bintang's investment in iHandal reflects our unwavering commitment to promoting a greener planet and shaping a brighter future for generations to come.