Country for PR: China
Contributor: PR Newswire Asia (China)
Thursday, April 11 2019 - 20:09
Envision and Thai Energy Giant PTT Sign MOU to Collaborate on New Energy and Digital Transformation
SHANGHAI, April 11, 2019 /PRNewswire-AsiaNet/ --

On April 8th, 2019, Envision signed Memorandum of Understanding (MOU) with PTT 
Public Company Ltd to collaborate on multiple initiatives revolving around new 
energy and digital transformation. Headquartered in Bangkok, PTT is the largest 
conglomerate in Thailand, a fully integrated energy company which engages in 
oil and gas, coal, electricity, and infrastructure businesses.

Both firms will collaborate in new energy technology and business development. 
Envision will work with PTT in digital transformation by adopting AIoT 
technology and implementing AIoT Platform EnOSTM to realize benefits like 
improvement in time to market and reduction in total cost of ownership. 
Additionally, both firms are set to evaluate joint energy assets investment and 
undertake smart energy pilot projects together. Among all, the key ones are 
battery business, renewable energy development, material supply for clean 
technologies, and electric vehicle related businesses.

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Mr. Lei Zhang, Founder & CEO of Envision Group said: "EnOSTM, the AIoT 
operating system, is the connector between the OT world and IT world. Based on 
EnOSTM, Envision is confident that we could support PTT to accelerate its 
digital transformation initiative especially in the new energy and 
electrification initiatives, thus improve the efficiency in exploring the 
business opportunities in new energy area."

"PTT is always at the forefront of innovations and has now planned to increase 
its long-term investments in new businesses including venturing into the 
electricity value chain and clean energy business, and accelerating digital 
transformation. We  also play a big part in Thailand 4.0 strategy by leading 
the smart city development in the Eastern Economic Corridor of Innovation 
(EECi). In this partnership with Envision, which is proven to be an 
ever-innovating digital energy company, we are very confident that our progress 
in these initiatives will be accelerated," mentioned Mr. Wittawat Svasti-Xuto, 
Chief Technology and Engineering Officer of PTT.

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Envision already has extensive experience helping enterprises in their digital 
transformation journey, from renewables to conventional industries to smart 
cities. "We believe both PTT and Envision have similar vision and values in new 
energy and digital transformation. With contemporary experience like Smart 
Nation DECADA project in Singapore, we are confident that we could add value to 
PTT's smart city initiative in Thailand," Zhang Lei added.

While this exciting partnership is going to create mutual benefit to both 
firms, it carries a larger objective to provide cleaner energy and higher 
living standards to Thailand and the regional community.

About Envision

Envision is a leading digital energy company with deep industry expertise. It 
owns the world-leading AIoT Operating System, EnOS™, which currently manages 
100 GW of energy assets globally. By integrating with technology partners such 
as Sonnen, ChargePoint, AutoGrid, and Bazefield, Envision is able to deliver a 
compressive energy IoT platform and smart city ecosystem.

Founded in 2007, Envision's heritage is in the wind sector and is currently one 
of the industry's leading wind technology companies. Headquartered in Shanghai, 
Envision has regional offices across Asia, Europe, North and South Americas and 
has established global R&D and engineering centers in Singapore, Denmark, 
Germany, the United States and Japan.

Envision's mission is to "solve the challenges for a sustainable future"; the 
company is committed to creating a world of beautiful energy where everyone has 
access to clean, secure and affordable energy.

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For all media communication, please contact:
Kunming Xu

About PTT

PTT Public Company Limited or "PTT", the largest conglomerate in Thailand, is a 
fully integrated energy company which engages from upstream to downstream 
petroleum, coal, electricity, and infrastructure businesses.

PTT was listed in Thai stock market on October 1, 2001. As a Thai Premier 
Multinational Energy Company, 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, which seeks not only to 
develop existing S-Curve industries, but also build New S-Curve industries for 
the country.

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Source: Envision Digital