GPSC – GCL unveil Data Center and digital energy business plan, sign MOU to explore business expansion opportunities under “Data Power x Smart Power” strategy. Leveraging AI technology enhance business competitiveness with comprehensive renewable energy innovations, developing advanced energy management solutions and testing new solar panel technology to boost power generation efficiency, strategizing for Thai and international markets.

Recently, Professor Dr. Supot Teachavorasinskun, Chairman of the Board of Global Power Synergy Public Company Limited or GPSC, the innovative power flagship of PTT Group, graciously served as a witness at the signing ceremony of the Memorandum of Understanding (MOU) with Golden Concord Holdings Company Limited (GCL), a leading low-carbon green technology organization from the People’s Republic of China, which specialized in providing advanced power solutions for large-scale Data Centers. The collaboration aims to jointly develop an integrated smart low-carbon energy and data center project to elevate Thailand’s energy industry, while also establishing a solid foundation for expanding cooperation across multiple dimensions in the future.

Mr. Worawat Pitayasiri, Chief Executive Officer of GPSC said that this collaboration builds upon GPSC’s strategy of “Maximize existing assets with Best-in-Class performance”. The partnership leverages GPSC’s key strengths in delivering highly stable power supply, utilizing its existing power plants that ensure continuous power delivery, combined with GCL’s expertise in new-generation clean energy innovation and technology, particularly in renewables. Together, they will integrate AI technology to enhance the overall management efficiency of large-scale utility projects. The collaboration includes studying new Perovskite solar panel technology, advanced global technology, integration with Virtual Power Plant technology, smart power plant management and maintenance systems, carbon credit management and trading platforms, and supporting the offering of digital energy assets via Real World Asset (RWA) tokenization. This aligns with the direction of future energy innovations.

Both parties recognize the opportunities and the evolving direction of energy technology utilization in Thailand and globally, especially the importance of efficient energy management. This is crucial as businesses urgently need to adapt, emphasizing the adoption of AI technology and innovation to cope with competition amidst economic uncertainties, geopolitical volatility, and environmental and sustainability policies.

This marks a significant step for GPSC as a leader in energy innovation and carbon reduction, towards genuinely entering the energy and digital business. Through the collaboration with GCL, the partners will combine their expertise to develop businesses within Thailand, with goal of expanding investments into energy and digital projects across the region. This will enhance GPSC’s competitive capabilities in domestic and regional business, support the growth of its renewable energy business, and provide comprehensive potential in AI, Machine Learning, and Big Data technologies. This drives the organization’s transformation in the digital AI era and enables the expansion of the energy business, leveraging expertise in sourcing clean energy and Thailand’s utilities infrastructure. This aligns with and supports the government’s policy aiming to establish Thailand as a regional hub for renewable energy and data center business.

Mr. Zhu Gongshan, Chairman of GCL Group, stated that the signing of this MOU with GPSC is part of GCL Group’s strategy for overseas investment expansion in energy and technology with strategic partners. As a leading global clean energy innovation and digital business company, GCL Group will be a key part of enhancing energy potential and robust readiness. He expressed confidence that this cooperation will drive project success and establish new standards for the energy and AI industry in Thailand, supporting the growth of the Data Center business, especially in the Middle East and Southeast Asia regions. Thailand is a strategic target for GCL Group’s investment and long-term business growth creation via integration of its strengths in energy technology, intelligent manufacturing and global deployment.

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