Meta Bright expands retail energy footprint by supplying efficiency solutions to Best Fresh Mart
MAIN Market-listed diversified energy conglomerate, Meta Bright Group Bhd, has inked a memorandum of understanding (MOU) with supermarket and grocery retail chain Best Fresh Mart Sdn Bhd to explore and implement energy efficiency (EE) initiatives across the retailer’s properties.
This agreement marks a strategic expansion of Meta Bright’s energy portfolio. It builds upon the group’s existing relationship with Best Fresh Mart following an earlier zero-capex solar photovoltaic (PV) solutions initiative for the retailer’s outlets in Kapar, Selangor and Bukit Rambai Putra, Melaka.
While solar PV helps businesses generate cleaner energy, EE initiatives aim to reduce overall electricity consumption in supermarket buildings by optimising existing energy systems.
Under its MOU with Best Fresh Mart, Meta Bright will step in as the full-suite developer. The group will evaluate, finance, design, install and operate the energy efficiency systems.
In return, Best Fresh Mart will provide access to its locations and share energy usage data, thus enabling Meta Bright to conduct technical assessments to pinpoint exactly where power is being wasted.
The latest collaboration also reflects Meta Bright’s growing presence among supermarket and grocery operators.
Promote energy savings
For supermarket operators like Best Fresh Mart, electricity is one of the largest operating expenses due to the continuous energy demands of refrigeration, lighting and ventilation systems.
In this regard, Meta Bright undertakes the upfront investment by enabling retailers to benefit from immediate electricity cost savings and allowing the group to generate recurring income from its energy-efficiency initiatives.
“Retailers are getting squeezed by operating costs with electricity being a massive part of that monthly bill,” commented Meta Bright’s executive director (corporate and strategic planning) Derek Phang Kiew Lim.
“Best Fresh Mart is already taking the right steps with our solar PV systems and now we are looking at the next logical step – enabling their buildings to consume less power.”
For Meta Bright, this is a perfect fit for the group’s strategy in line with the objective of creating a strong, recurring income stream by solving real financial problems for its clients.
“By funding and operating these energy efficiency systems ourselves, we help businesses like Best Fresh Mart lower their overheads without spending their own capital while we build a resilient, long-term energy business,” envisages Phang.
By taking on the role of developer, financier and operator, Meta Bright is making energy efficiency highly accessible for commercial businesses.
The group sees significant potential to apply this same zero-capex model across other retail chains, hotels, commercial buildings and industrial facilities facing similar energy cost pressures.
At the close of today’s (May 25) market trading, Meta Bright was up 0.5 sen or 3,45% to 15 sen with 7.21 million shares traded, thus valuing the company at RM408 mil. – May 25, 2026