PTT Group and Envision Digital Partner to Achieve Net Zero
PTT Group, Thailand’s major conglomerate energy company and Envision Digital, the global decarbonization software leader headquartered in Singapore, have signed a Memorandum of Understanding (MOU) to jointly accelerate the energy transition as well as net zero and smart power management efforts for building management, renewable energy management and EV charging management, via a decarbonization platform.
Under the partnership, both parties will look at equipping pilot sites under PTT Group with tools and capabilities to track their carbon emissions and energy consumption. The collaboration is expected to accelerate PTT Group’s net zero ambitions by 2050.
Dr. Buranin Rattanasombat, Chief Operating Officer, New Business and Infrastructure, Mr. Cherdchai Boonchoochauy, Senior Executive Vice President, Innovation and New Business, of PTT Public Company Limited and Mr. Ko Kheng Hwa, Chairman of Envision Digital International Pte Ltd participated in the signing ceremony of the MOU today.
Dr. Buranin Rattanasombat, Chief New Business and Infrastructure Officer, PTT Public Company Limited, said, “This cooperation combines the digital technology and platform development capabilities of both organizations, by jointly developing an intelligent energy management system to monitor and control energy consumption, including assessing the ability to reduce greenhouse gas emissions in the project area. The first initiative was
developed by equipping EnOSTM, Envision Digital’s proprietary AloT net zero operating system in the Smart Grid at Vidyasirimedhi Institute of Science and Technology (“VISTEC”) in Rayong province, integrated with floating solar panels, rooftop solar panels, energy storage system, and electric charging stations at M4 building in the campus. This has allowed us to monitor and control electricity production from renewable energy and optimize this, to replace the use of electricity from fossil fuels appropriately. Therefore, the said building is a Zero Import Building, given we do not need to buy electricity from the grid that is produced from fossil fuel. Currently, PTT Group is in the process of expanding this model to other pilot areas in PTT Group.”
Mr. Cherdchai Boonchoochauy, Senior Executive Vice President, Innovation and New Business, PTT Public Company Limited, added, “According to PTT’s new business direction, Mekha V Co., Ltd. (Mekha V) has been established to support AI and Robotic businesses in various areas such as PowerTECH, HealthTECH, MobilityTECH, IndustrialTECH, and SoftpowerTECH. In the past, it has provided cloud services by Mekha Technology Co., Ltd. (MekhaTech) and trading of Renewable Energy Certificate (REC) through REACC company’s platform. In this collaboration with Envision Digital, Mekha V as the AI and Robotic Flagship company will be the representative of PTT Group, working with Envision Digital to study and test the said project. This is one of the key steps to drive clean energy and efficient energy management for a low-carbon society. It also supports PTT Group’s commitment to achieve net zero emissions by 2050 and Thailand’s goal of achieving net zero greenhouse gas emissions by 2065.”
Mr. Michael Ding, Global Executive Director, Envision Digital, said, “PTT’s commitment to net zero is clear with the momentum and speed in which they are moving. As their decarbonization partner, we believe our digital system for decarbonization will support their commitment to Thailand’s net zero goals.”
