KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has signed a memorandum of understanding (Mou) with Microsoft to help accelerate its digital transformation.
TNB ssid it was preparing itself to support the country's energy transition while ensuring continued business growth for the company as well as fast track its own sustainability agenda.
TNB president and chief executive officer Datuk Indera Baharin Din said the MoU would allow both parties to explore modernising its digital foundations.
This would enable TNB to adopt external use cases that could transform the core business to support its strategic pillars of "Grid of the Future" and "Winning the Customer", as well as explore opportunities within the energy transition space.
"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," he said.
He added that both parties had agreed to work on discovering and validating potential opportunities which would be conducted through a series of identified pilot projects over two years.
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.
The MoU was signed by TNB chief information officer Azlan Ahmad and Microsoft Malaysia managing director K Raman.
To accelerate the digital transformation of the company, Baharin said the company believed in establishing strategic partnerships with trusted technology partners that could assist in offering advice, guidance, and expertise in the field of digital technology.
He also disclosed that to accelerate digitalisation for "Grid of the Future" and "Winning the Customer", several key digitalisation implementations were identified for Regulatory Period 3 in which TNB was committed to investing RM2.5 to RM2.7 billion over the next three years.
He added that TNB's residential customers would enjoy the results of digitalisation through the deployment of smart meters, providing them with better visibility of energy usage.