Thailand’s firm Global Power Synergy (GPSC) PLC, a member of the PTT Group specialising in the electrical industry and smart energy, has tied up with PTT Digital Solutions Company Limited, a provider of information and communication technology and another esteemed member of the PTT Group.
As per the agreement, the partners aim to explore the development of an innovative energy platform for renewable energy, supporting energy trading and enhancing sustainable, clean energy management. Further, GPSC and PTT Digital will explore the development of an energy platform to produce clean energy that will support energy trading in the future, enhancing sustainable, clean energy management.
The firm informed that the MOU will help the PTT Group meet its own goals for sustainability, which are aligned with the UN SDGs on sustainable energy.
Rosaya Teinwan, Executive Vice President Business Development at Global Power Synergy Company Public Limited said, “GPSC is very pleased to partner with PTT Digital as it is a good opportunity to make use of their GAIA platform – which was developed by a team of Thai developers and developed specifically for the green power industry. Also, we expect the relationship will result in expanded business opportunities and increase our ability to successfully achieve our goals.,” while further adding, “GPSC believes digitalising operations management through the GAIA platform will increase power management efficiency, facilitate smoother and more resilient operations, and increase its competitiveness in the marketplace. Importantly, the platform gives us the ability to introduce future improvements to our renewable energy offerings which will help develop the market. Overall, the partnership will help both the PTT Group and GPSC to make significant progress toward achieving Goal 7 of the UN SDGs – making affordable clean energy accessible to all. This aligns perfectly with GPSC’s mission and vision to lay the foundation now for sustainable high-quality lifestyles of the future.”
Furthermore, she informed, “ GPSC has set 2050 as its own deadline for becoming carbon neutral and set 2060 as its deadline to achieve net-zero greenhouse gas emissions. GPSC is making strides to reduce environmental pollution, greenhouse gas emissions, and the effects of climate change by reducing the cost burden of power generation through renewable energy and local power storage. This year we saved our customers over THB 1,000,000. Also, we reduced our greenhouse gas emissions by 171,159 kg of C02 on a year on year basis and this year we aim to grow renewable energy production by 37%. Our long-term goal is to increase renewable energy production to 8,000 mw by B.E. 2030 as well.”
The partnership will use GAIA platform to generate and distribute solar energy. “GAIA will also aid GPSC in operations management through supply and demand planning, enabling the power supply to be managed based on total distribution capacity, set limits, or end-user demand. Additionally, GAIA will help ‘right-size’ solar farms by aligning costs with farm size – ensuring efficient returns on investment. Further, location plays a key role in determining solar farm investment costs – especially the distance to end-users or the grid, and must be carefully managed to ensure efficient energy production and distribution,” informed the firm.
Kaweesak Boonchaleaw, Managing Director of PTT Digital Solutions Company Limited, said, “Currently the introduction of clean energy – also referred to as renewable energy, into use represents a future mega-trend which can be seen from the continued sustainable growth of the renewable energy sector. Many companies are also turning to digital integrations to increase business confidence and certainty through forecasting or to see the ‘big picture’ in their respective markets. Digital solutions and integrations help organizations do strategic decision making more rapidly to keep up with market conditions. Each of these factors impact the organization’s ability to expand, grow, or even leap ahead – which is why we signed the MOU today.”