KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has signed a memorandum of understanding (MoU) with Microsoft to accelerate its digital transformation.
The utility giant said it was preparing itself to support the country’s energy transition while ensuring continued business growth as well as fast-track its own sustainability agenda.
President and chief executive officer Datuk Baharin Din said the MoU would allow both parties to explore modernising the digital foundations for TNB to support its strategic pillars, as well as explore opportunities within the energy transition space.
He said both parties have agreed to collaboratively work on discovering and validating potential opportunities which will be conducted through a series of identified pilot projects over a period of two years.
“Digitalisation is an important element of TNB’s Grid of the Future strategic pillar, which is a critical enabler in delivering the nation’s energy transition and to fast track TNB’s own sustainability aspiration of achieving net zero emissions by 2050,” Baharin said.
TNB’s Grid of the Future is envisioned to be the next generation of a grid that is smart, automated, and digitally enabled to ensure maximum efficiency and reliability of power supply.
Baharin also disclosed that to accelerate digitalisation for Grid of the Future and Winning the Customer, several key digitalisation implementations are identified for Regulatory Period 3 (RP3) in which TNB is committed to investing RM2.5bil to 2.7bil over the next three years.
TNB’s residential customers will also experience the effects of digitalisation through the deployment of smart meters which provides them with better visibility of energy usage as well as control of their electricity usage through awareness of their own consumption patterns.