Global energy company Total and the leading Shanghai-headquartered smart energy technology company Envision Group have agreed to jointly develop on-site distributed generation solar projects for business-to-business (B2B) customers in China, Total in a press release published on Monday.
The 50-50 joint venture will offer its clients a unique combination of distributed solar energy systems and digital solar energy solutions running on Envision's Artificial Internet of Things (AIoT) operating system. This offer will allow clients to decarbonize their energy while reducing energy costs, optimizing and digitalizing energy management, and enhancing the safety and reliability of energy utilization, said the release.
"Companies of the industrial and commercial sector account for approximately two-thirds of Chinese power consumption. More and more industrial and commercial clients are committed to 100 percent renewable power. Our joint venture is there to help these clients to fulfill this target," said Alex Sun, CEO of the joint venture.
"Total is delighted to partner with Envision to enter China's booming distributed solar energy market. As a historic player of the solar sector, we are keen on growing our footprint in low-carbon electricity in China and enable local industries to reduce their carbon footprint," said Julien Pouget, senior vice president renewables at Total.
Envision has extensive expertise in digital energy platforms, wind and solar energy development, energy storage and vehicle-to-grid technology.
Total produces and markets fuels, natural gas and low-carbon electricity. It has integrated climate change into its strategy and expects low-carbon businesses to account for 15 percent to 20 percent of its sales by 2040.
Editor:Cherie
