Total partners with Envision to tap on China’s solar energy market
Category: #energy-and-environment  By Anchal Solanki  Date: 2019-09-17
  • share
  • Twitter
  • Facebook
  • LinkedIn
Total partners with Envision to tap on China’s solar energy market

Smart solar energy is an emerging field and has virtually fascinated nations worldwide by means of its power generation capability. With the ongoing IoT revolution, companies and end-users are constantly acquainting themselves with the latest advancements in the solar energy sector.

Envision Group is one such smart energy solution provider that has recently announced its partnership with global energy company, Total S.A. to develop on-site distributed solar generation project for B2B customers in China.

Sources close to the move claim that the two firm’s 50/50 joint venture unit (dubbed TEESS) will offer its customers a combination of digital solar energy systems and distributed solar energy solutions that will enable consumers to decarbonize their energy, reduce energy costs, enhance the reliability and safety of energy utilization, and optimize and digitalize energy management.

Alex Sun, CEO, TEESS, claims that companies from the commercial and industrial sector account for around 2/3rd of China’s power consumption. With each passing day, clients are getting committed to 100 percent renewable power and the joint venture will proficiently fulfill these needs.

As per Julien Pouget, Senior Vice President of Total, the company is delighted to work with Envision to enter China’s distributed energy solar market. Pouget claims that their firm is focused on creating low carbon electricity, which eventually helps organizations in reducing their carbon footprint.

Reportedly, Evision has expertise in solar digital energy platform where the company develops energy storage and vehicle-to-grid technology. Total S.A. meanwhile markets and produces natural gas, fuels, and low-carbon electricity.

Sources claim that Total’s gross low-carbon power generation capacity currently stands at 7GW, of which 3GW comes from renewable sources of energy. Moreover, the company has adopted an environment-friendly business strategy to tackle climate change and expects to account 15-20% of its sales to come from low carbon businesses by 2040.

Source Credit - http://www.xinhuanet.com/english/2019-09/17/c_138396446.htm

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Anchal Solanki

Anchal Solanki    

A civil engineer by qualification, Anchal Solanki forayed into the domain of content writing in the midst of her graduation, embarking on the career path of a successful freelancer. Equipped with a short-term experience in market research, Anchal currently writes news...

Read More >>

More News By Anchal Solanki

Global Vibration Sensors Market: Growth Opportunities to Tap into in 2020-2026
Global Vibration Sensors Market: Growth Opportunities to Tap into in 2020-2026
By Anchal Solanki

An inherent blend of vital market definitions, the Vibration Sensors Market report comprises details pertaining to the overall scope of the industry, pivotal insights, and parameters such as the industry ecosystem analysis, growth drivers responsible...

Global Solid State Drive Market: Things to Focus on to Ensure Long-term Success 2020-2026
Global Solid State Drive Market: Things to Focus on to Ensure Long-term Success 2020-2026
By Anchal Solanki

The Solid State Drive Market report encompasses an in-depth analysis of the business space in question. All the growth facilitators responsible for furling the revenue scope of this industry are mentioned in the study in conjunction with the competit...

Global Universal Flash Storage Market: Leading Segments and their Growth Drivers 2020-2026
Global Universal Flash Storage Market: Leading Segments and their Growth Drivers 2020-2026
By Anchal Solanki

The study titled ‘Global Universal Flash Storage Market Research Report’ includes a detailed research undertaken by analysts as well as an in-depth analysis of the global market. A detailed, highly extensive study of this market alongside...