Envision Digital Unveiled New Investments and Partnerships to Further Singapore’s Sustainability and Net Zero Goals
Envision Digital, the decarbonisation software leader for net zero, unveiled new investments and partnerships to further Singapore’s sustainability and net zero goals. These new initiatives were announced at the company’s fifth anniversary celebrations which took place this morning at the National Gallery Singapore and attended by Guest-of-Honour, Singapore Deputy Prime Minister and Coordinating Minister for Economic Policies, Mr Heng Swee Keat. DPM Heng was also joined by more than 80 executives from the public and private sectors.
New investments to propel Singapore’s green ambitions
As part of Envision Digital’s expansion plans in Singapore and the region over the next five years, the company announced that it will be setting up a Net Zero Centre of Excellence (COE). The new Net Zero COE will be a research and innovation hub focused on promoting sustainability across three major sectors – green finance, transportation (air, land, sea) and large-scale real estate portfolios.
At the same time, OCBC Bank has entered into a strategic partnership with Envision Digital, under which the Bank plans to develop green and sustainable financing solutions that harness Envision Digital’s net-zero technologies, which will help businesses better monitor and report their carbon emissions and environmental impact. OCBC Bank is also exploring utilising Envision Digital’s solutions to measure and track its carbon footprint within its own operations.
Ms Elaine Lam, Head of Global Corporate Banking, OCBC Bank, said, “As part of our contributions towards greening the entire economy, we are excited to partner with Envision Digital to support customers in our key markets across Asia in their transition to a low-carbon, net-zero world.”
Separately, Envision Digital will also establish a Digital Battery Centre of Excellence (COE) with an initial focus on safety, life cycle management, battery swapping and smart networks for Electric Vehicles (EV) and Energy Storage batteries. The Digital Battery COE will cater to Singapore’s rapidly growing EV market, which is forecast to grow by around 23% between 2023 to 2027.
Ong Kim Pong, Regional CEO, Southeast Asia, PSA International, who has signed an MOU to partner Envision Digital for the Digital Battery COE said, “We are pleased to be working with Envision Digital to explore innovation opportunities and develop capabilities across different aspects of the supply chain through the new Digital Battery COE. As PSA pursues electrification at scale, we look forward to collaborating with industry experts to break new frontiers in the world of digital batteries and EVs.”
Inaugural partnership with National Gallery
Singapore
At the event, Envision Digital also unveiled an inaugural partnership with the National Gallery Singapore to support the Gallery, currently comprising two National Monuments (the City Hall and former Supreme Court buildings), to become a Super Low Energy building in its journey to becoming net zero. As the first sustainability partner of the Gallery, Envision Digital
will equip the Gallery with technology as well as training and consultancy to track its carbon footprint and optimise overall energy consumption. These will support the Gallery’s decarbonisation journey.
Chong Siak Ching, CEO of National Gallery Singapore, said, “As an art museum that occupies two historic monuments, we are committed to sustainable practices anchored on respect for our environment and generating positive social impact. We are delighted to collaborate with Envision Digital as a key sustainability partner to become a Super Low Energy building by 2025, in our journey to achieve net zero before 2045.”
Lei Zhang, Founder and CEO, Envision Digital, said, “We are delighted to announce new investments and partnerships focused on key areas of innovation and technologies. We aim to play an integral role in globalising net zero partnerships, helping to empower stakeholders to achieve the step-changes needed for wide-scale decarbonisation.”
Apart from the COEs, Envision Digital announced net zero partnerships with companies in Singapore and across the region, in sectors like green finance, transportation, infrastructure, and energy. (Please refer to Annex A for additional quotes.)
Recently, SMRT Trains announced their partnership with Envision Digital to reduce Heating, Ventilation and Air-Conditioning (HVAC) energy consumption through predictive Artificial Intelligence (AI) to adjust setpoints, while maintaining commuter comfort.
Lam Sheau Kai, President, SMRT Trains, said: “Trains is the greenest mode of public commute in Singapore. To further reduce SMRT’s carbon footprint and accelerate our journey to net zero, we are expanding our green initiatives, which include our partnership with Envision Digital to lower energy usage in stations.”
Since setting up its global headquarters in Singapore five years ago, Envision Digital has grown rapidly and made headways in solidifying its relationships with the local government and leading companies. It now employs over 230 people in Singapore across various functions such as R&D, engineering, and others, and has more than 1,000 employees across Asia, Europe, and North America.
Image credit: Envision Digital
