GPSC and Electrify entered into a joint collaboration to develop and implement a cloud-based Peer-to-Peer energy trading platform in Thailand. The platform will be integrated with GPSC’s smart energy solution by Combined Heat and Power Producing Co., Ltd. (CHPP) (a wholly-owned subsidiary of GPSC) to offer customers in early technology adopter group to deploy in multiple pilot sites, making a master prototype for use case extension of decentralized energy, distributed solar generation and energy storage system in future potential projects.

Mr. Worawat Pitayasiri, President and Chief Executive Officer of Global Power Synergy Public Company Limited or GPSC, the innovative power flagship of PTT Group, and Mr. Martin Lim, Chief Executive Officer of Electrify Pte. Ltd. or Electrify, signed a Memorandum of Understanding to develop and implement Peer-to-Peer energy trading platform, strengthening GPSC’s business into smart energy solution for GPSC’s customers to deploy in multiple pilot sites. The proprietary Peer-to-Peer energy trading platform, “Synergy” developed by Electrify and already commercialized in multiple countries will be integrated with GPSC’s smart energy solution, comprising solar rooftop, solar floating, battery energy storage system and energy management system.

For the part of this collaboration framework, GPSC will take lead in the overall project management including the installation of smart energy solution components and IoT devices. Concurrently Electrify will be responsible for the development and deployment of a cloud-based Peer-to-Peer energy trading platform and educational knowledge transfer to relevant parties for academic collaboration and the use case extension of decentralized energy in the future potential projects.

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