SINGAPORE - Envision Digital is setting up a research and innovation hub here to promote sustainability as part of plans to expand in Singapore and the region.
The Net Zero Centre of Excellence will focus on the major sectors of green finance, air, land and sea transport, and large-scale real estate portfolios, said the sustainability software firm.
It will start operations from this quarter, and the firm hopes to have in place a team of 100 staff by the fifth year of operations.
As part of the new initiative, OCBC Bank has entered into a strategic partnership with Envision Digital to help businesses better monitor and report their carbon emissions and environmental impact. The bank is also exploring using the firm’s solutions to track the carbon footprint of its own operations.
Singapore-headquartered Envision Digital provides software services such as artificial intelligence software to help governments and companies reach their net-zero goals.
It will also establish a Digital Battery Centre of Excellence with an initial focus on safety, life cycle management, battery swopping and smart networks for electric vehicles (EVs), and energy storage batteries.
This will start operations from the second quarter of 2023. The firm expects to have a team of 50 employees in this centre by the third year of operations.
The Singapore EV market is set to grow by around 23 per cent between 2023 and 2027.
The total sum invested in these initiatives was not disclosed.
The firm is working with the National Gallery Singapore to support its goals of becoming a super-low-energy building by 2025 and achieving net-zero carbon emission before 2045. The gallery has taken steps to reduce its energy consumption and carbon footprint by using solar panels and optimising art transportation.
Envision Digital will equip the gallery with technology as well as training and consultancy to track its carbon footprint and optimise overall energy consumption.
These announcements were made at the firm’s fifth anniversary celebration at the gallery, with Deputy Prime Minister Heng Swee Keat as guest of honour.
