The Thai government has officially launched the Thailand FastPass policy, led by the Thailand Board of Investment (BOI), placing data centers, clean energy, and strategic industries at the forefront of national development priorities. The initiative is expected to unlock substantial levels of investment and significantly accelerate project implementation across Thailand and the broader ASEAN region.

BOI Policy to Accelerate Demand for Energy Storage

Under FastPass, key priority sectors include:

• Data centers

• Clean energy development

• Industrial parks and high-energy industries

• Advanced electronics and manufacturing

These sectors share common requirements: high electricity consumption, stringent power stability needs, and increasing emphasis on low-carbon and high-efficiency operations. As a result, Battery Energy Storage Systems (BESS) are becoming essential infrastructure rather than optional support technologies.

Energy storage is expected to play a critical role in:

• Ensuring reliable 24/7 power supply for data centers

• Supporting grid balancing and stability

• Smoothing renewable energy integration and output

• Reducing industrial and commercial peak demand and operating costs

• Enhancing grid resilience and backup capabilities

In effect, while BOI policies are driving investment, energy storage is emerging as one of the key enablers of Thailand’s and ASEAN’s evolving energy systems.

ASEAN Energy Storage Market Enters a System-Level Development Phase

With supportive policy frameworks and accelerating market demand, the ASEAN energy storage market is transitioning into a system-level competition era, characterized by:

• Greater emphasis on safety and reliability

• Emerging business models such as Energy-as-a-Service (EaaS) and Virtual Power Plants (VPP)

• Project deployment expanding from megawatt-scale to gigawatt-hour-scale installations

Driven by national energy transition strategies, expanding renewable installations, rising industrial energy needs, rapid data center development, and growing electric mobility ecosystems, Thailand, Vietnam, Indonesia, and the Philippines are positioned to become the region’s most dynamic and high-potential markets for energy storage.

Implications for Global and Regional Energy Players

For battery manufacturers, energy storage system providers, PCS/BMS/EMS suppliers, EPC contractors, integrators, and industrial energy users, ASEAN is expected to become one of the next GWh-scale growth markets. With policy momentum accelerating, companies that establish an early strategic presence will gain a competitive advantage over the coming 5–10 years.

Against this backdrop, the ASEAN Smart Energy & Energy Storage Expo 2026 will serve as a key international business and technology platform for global energy storage and smart energy enterprises seeking to enter or expand within the ASEAN market.

Date: March 25–27, 2026
Location: IMPACT Exhibition Center, Bangkok, Thailand
VIP Registration: https://wg.hwvips.com/t.php?i=3

Source: The Nation Thailand