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EIPGRID signs MoU with Naresuan University for co-establishing a Virtual Smart Grid Lab

Jun 29, 2023

EIPGRID, a leading energy community service and solutions provider, specializing in the Virtual Power Plant domain, signed a Memorandum of Understanding (MoU) with Naresuan University’s School of Renewable Energy and Smart Grid Technology (SGtech), for joint research in the field of virtual Smart Grid management. The MoU was officially signed on June 29th in Seoul, South Korea, during a ceremony where the two parties solidified their longstanding partnership and formalized an international collaboration in the sphere of smart grid and energy innovation.

As per the agreement, the parties will establish a dedicated Virtual Smart Grid Lab whose primary focus will be the research and development of cutting-edge technology and techniques in the smart grid domain, particularly in virtual smart grid management. This collaborative lab will serve as a crucial platform for the development and commercialization of innovative solutions and functionalities, addressing the various challenges arising in the energy market due to climate change and geopolitical circumstances.

SGtech, as part of one of the top government universities in Thailand, since its establishment in 1995, has been at the forefront of Thailand’s energy technology research and development meeting the needs of the country in the areas of Renewable Energy and Carbon Neutrality, Smart Grid, Smart City and Digital Innovation. In this joint project, SGtech will contribute its extensive knowledge and expertise in the ASEAN digital energy sector, providing guidance and coordination with stakeholders.

EIPGRID, recognized as Asia's energy management leader, has been active in the energy industry since 2010 and is boasting a proven track-record in developing customized solutions tailored to the laws, regulations, and market requirements of each country. For this particular collaboration, EIPGRID will integrate its software and hardware with SGtech for demonstration purposes, and facilitate knowledge transfer and customized training courses for the ASEAN digital energy stakeholders.

“Given the unprecedented challenges that the energy market is facing today, elevating our knowledge base through initiatives such as Virtual Smart Grid Lab is of utmost importance for building a sustainable life on Earth and energy industry as a whole”, said Tony Lee, EIPGRID CEO, emphasizing that the this project will not only reinforce EIPGRID's position as a frontrunner in Asia, but also accelerate the growth of the Southeast Asian energy market, and increase its global competitiveness.

Naresuan University’s President Assoc. Prof. Dr. Sarintip Tantanee commented “We are delighted to enter into this agreement which will expand our University’s horizons by advancing the smart grid technology research and development through cooperation with a global energy expert such as EIPGRID”, and stated that this commitment would foster a new level of cooperation between Thailand and Korea, facilitating the commercialization of new functionalities and jointly developed solutions from the lab.


EIPGRID Inc. is a community energy services and solutions provider with more than a decade of experience in the energy domain and operations all across the globe. Headquartered in Seoul, South Korea, the company offers a product line designed to support all energy market players, from community managers and end-users with energy resources, to power aggregators and utilities in charge of the grid. Through EIPGRID’s cutting-edge technology powered by AI, all market participants get to maximize their profits through the most optimal power management while diving into various business applications, including Demand Response, Solar, Energy Storage, EV, Micro-Grid, and simultaneously exploring numerous benefits of the RE100 business model and CO2 trading. For more information and updates, visit EIPGRID’s official website, LinkedIn and Twitter.

About Naresuan University (School of Renewable Energy and Smart Grid Technology)

Naresuan University is a government university in Phitsanulok Province, northern Thailand, and was established as a separate university on 29 July 1990. The School of Renewable Energy and Smart Grid Technology (SGtech) was established in 1995. As an autonomous institute within Naresuan University, SGtech works flexibly to develop renewable energy technologies to meet the energy demands of developing countries in South East Asia and to promote the industrial applications of renewable energy and smart grid. Follow the updates about Naresuan University on their official website and Facebook

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Ena Elek


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