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

CoreKinect & Kudelski debut disposable cold chain tracking solution
CoreKinect & Kudelski debut disposable cold chain tracking solution
By Anchal Solanki

The food track solution revolutionizes cold chain tracking.   Cutting-edge sensors manufactured at a disruptive price point takes a quantum leap. The Kudelski Group (SIX: KUD.S) and Corekinect today announced the roll out of much-anticipat...

Aroma Bit secures funds to develop next-generation odor imaging sensor
Aroma Bit secures funds to develop next-generation odor imaging sensor
By Anchal Solanki

The company has undertaker shares with Sony Innovation Fund by IGV, which will be used to enhance the feature of its odor sensors. Aroma Bit, Inc., a Tokyo-based tech organization, has reportedly undertaken a 3rd party allocation of new shares with ...

Amazon Australia announces partnership with Zip Co. for BNPL service
Amazon Australia announces partnership with Zip Co. for BNPL service
By Anchal Solanki

  Zip would become Amazon’s first “Australian installment payment option”. Zip shares soared around 24.1%, right after the market open to A$4.27. E-commerce giant, Amazon Inc.’s Australia unit has reportedly entered...