12th February 2020, Singapore/Bangkok – Envision Digital International Pte Ltd (“Envision Digital”), a global Digital AIoT technology leader headquartered in Singapore, has been appointed to develop the first Smart Grid for Thailand’s major energy company, PTT Public Company Ltd (“PTT”) which contributes to approximately 16% of the country’s GDP.
The contract involves developing an AIoT smart grid at Vidyasirimedhi Institute of Science and Technology (“VISTEC”), powered by Envision Digital’s AIoT operating system, EnOSTM. By integrating floating solar panels, rooftop solar panels, energy storage system, and electric charging stations in the campus with Envision’s EnlightTM and EnsightTM digital analytics software, the smart grid project will help PTT to achieve its 2020 strategic objective: Zero increase of absolute emission growth rate.
The contract follows a Memorandum of Understanding (“MOU”) signed between Envision Digital and PTT in April 2019 to collaborate on multiple initiatives revolving around new energy and digital transformation.
It is the first project of its kind in Thailand’s Eastern Economic Corridor of Innovation (“ECCi”), a specialised sector focusing on innovation under the Eastern Economic Corridor (“ECC”), an increasingly important region for ASEAN trade and commerce. It will serve as a pilot for similar projects across PTT’s other assets in Thailand.
“We are pleased to announce this important project with PTT. The application of AIoT smart grid technology offers huge potential for PTT and other major infrastructure operators, communities and companies across Thailand in promoting energy efficiency and transition,” said Sylvie Ouziel, International President, Envision Digital International.
Sylvie continued, “Transition to less carbon-intensive energy sources is critical to meet the emissions reduction targets of the Paris Agreement, which Thailand has ratified. AIoT technology constitutes a key enabler for this smart transition. Envision Digital team and myself are quite pleased to partner with the Thai energy leader PTT to jointly address this challenge.”
“Our project at VISTEC is part of our efforts in digital transformation and energy transition. Not only will it contribute to CO2 emission reduction, it will also serve as a sandbox for PTT Group and researchers at VISTEC to do their R&D activities around electricity value chain and smart city development, which we hope can later be applied for commercial uses”, said Darunporn Kamolpus, Executive Vice President, Innovation and Digital Development, PTT.
The AIoT smart grid for VISTEC is targeted for completion by end of 2020.
About Envision Digital
Envision Digital is a global AIoT technology leader headquartered in Singapore with over 500 employees across ten offices in China, France, Norway, the Netherlands, the United Kingdom and the United States.
Envision Digital owns EnOSTM– the world-class AIoT operating system which currently connects and manages over 63 million smart devices and 120GW of energy assets globally. Its monitoring, advanced analytics, forecasting and optimising applications provide insights to help clients better manage their assets and portfolio performance. Its offering extends to Smart Renewables (Hydro, Solar, Wind); Smart Cities; Smart Buildings; Connected Energy; Smart Plants; and Smart Networks; partnering companies and governments in their digital transformation journey.
As a major player in the AIoT operating system, Envision Digital is growing an ecosystem of partners to enable energy and digital transformation globally. Its growing list of over 250 customers and partners spans across ten industries and includes: Accenture, Amazon Web Services, GovTech Singapore, Keppel, Microsoft, Nissan, PSA International, PTT, Sonnen, Tableau and Total.
For more information, visit https://envision-digital.com/
About PTT Public Company Ltd
PTT Public Company Limited or “PTT” is a fully integrated energy company headquartered in Bangkok with activities across electricity generation, upstream to downstream petroleum, coal, and infrastructure businesses. PTT has now planned to increase its long-term investments in new businesses in the New S-Curve industries. The move is in response to the government’s Thailand 4.0 policy.
PTT also strongly believes that a higher-education research institute dedicated to science and technology with the missions to foster exceptional scientists and to build cutting-edge knowledge and innovation is crucial for the nation. Therefore, PTT Group has founded Rayong Institute of Science and Technology Foundation and in 2015 established Vidyasirimedhi Institute of Science and Technology (VISTEC), the first world-class research and educational institute in science and technology with the emphasis on knowledge discovery and interdisciplinary cutting-edge research.
For more information, visit https://www.pttplc.com/
T: +65 6351 9288