Location >> Provincial Electricity Authority of Thailand signs MoU to assess energy storage system feasibility
Date：2024-12-18
The Provincial Electricity Authority (PEA) of Thailand will assess the feasibility of energy storage business models in partnership with a subsidiary of state-owned oil & gas company PTT Group.
PEA is Thailand’s state enterprise responsible for providing electricity in 74 provinces, covering most of the country excluding major urban centres like Bangkok which fall under the remit of the Metropolitan Electricity Authority (MEA).
Last week (26 June), PEA deputy governor Prasit Chanprasit signed a Memorandum of Understanding (MoU) with representatives of Nuovo Plus, which is a battery business launched by PTT Group.
Under the terms of the MoU, the pair will jointly study the feasibility of deploying energy storage system (ESS) technology in Thailand and the development of suitable energy storage business models, leveraging each party’s expertise and experience.
PEA noted that energy storage could increase access to clean energy including renewable sources, while helping stabilise the power distribution network and provide continuous and stable economic growth for the country.
Nuovo Plus manufactures products including battery solutions for electric mobility in both passenger and commercial electric vehicles (EVs), UPS for data centres and other applications, as well as energy management system (EMS) technology.
It also makes and markets battery energy storage system (BESS) solutions for commercial and industrial (C&I) and utility-scale segments, as well as providing system integration services to BESS projects.
The PTT Group-owned company is in a manufacturing joint venture (JV) with the Singapore subsidiary of major Chinese battery manufacturer Gotion High-Tech. Called Global Power Synergy Company (GPSC), it launched in late 2022 with a view to establishing a gigawatt-hour scale factory (‘gigafactory’) in Thailand producing battery packs and modules, as reported by Energy-Storage.news at the time.
GPSC’s products include GCELL, a lithium-ion (Li-ion) battery cell featuring the licensed SemiSolid electrode developed by US-headquartered battery materials and manufacturing platform company 24M.
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https://www.energy-storage.news/provincial-electricity-authority-of-thailand-signs-mou-to-assess-energy-storage-system-feasibility/
