Envision & Thai Energy Giant sign MOU to collaborate on new energy and digital transformation

Envision signed 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.

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.”

Mr Wittawat Svasti-Xuto, Chief Technology and Engineering Officer of PTT, said that “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!”.

Envision already has extensive experience helping enterprises in their digital transformation journey, from renewables to conventional industries to smart cities.

Zhang Lei added that “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.”