Decision Making on the Renewable Energy Penetration in Malaysia via SWOT-PESTLE Analysis: Hydrogen Fuel Cell and Solar Photovoltaic Thermal Technology

Abstract

Malaysia is actively working to move towards renewable energy (RE) generation for sustainable growth. Hydrogen fuel cell (HFC) and solar photovoltaic thermal (PVT) feature emerging RE technologies that can supersede conventional power generation performance. HFC and PVT utilize renewable resources, which are hydrogen, oxygen and sunlight, to produce electricity without compromising the environment. However, no in-depth evaluation has been conducted to assist the decision-making of Malaysia’s HFC and PVT technology penetration. This study provides decisions on the feasibility and viability of HFC and PVT based on the Strength, Weakness, Opportunities, Threat (SWOT) and Political, Economic, Social, Technological, Legal, Environment (PESTLE) analyses. Based on the SWOT-PESTLE analysis, PVT exhibits great potential in Malaysia’s RE portfolio compared to HFC. Technology readiness and social acceptance are the merits of PVT diffusion in Malaysia. Nevertheless, this preliminary decision entails validation from the industries and experts to underpin the shorthand assessment of the present work