Can Thailand use energy storage?

Although Thailand is a regional leader in renewable energy, its use of energy storage is nascent. EGAT undertook some studies on the potential for energy storage and is piloting three battery energy storage installations. One is located alongside a solar project in Mae Hong Son Province to improve power supply stability.

What is Thailand's energy plan?

The plan aims to improve energy efficiency and enhance energy security in Thailand. Thailand does not plan to issue new permits for coal-fired power plants and will instead focus on renewable energy sources: solar, biomass/biogas, and wind. Thailand seeks to reduce emissions through carbon capture, utilization, and storage.

Is energy storage a viable business model in Thailand?

The Provincial Electricity Authority (PEA) of Thailand will explore the feasibility of energy storage business models in collaboration with Nuovo Plus, a subsidiary of state-owned oil and gas company PTT Group.

Will Thailand issue new permits for coal-fired power plants?

Thailand does not plan to issue new permits for coal-fired power plants and will instead focus on renewable energy sources: solar, biomass/biogas, and wind. Thailand seeks to reduce emissions through carbon capture, utilization, and storage. The plan aims to deploy smart generation, dispatch, transmission, and grid solutions.

What is Thailand's 2024 Power Development Plan?

Thailand’s 2024 power development plan (PDP) aims to increase renewable energy use, highlighting the importance of BESS alongside solar panels and wind turbines. This could create new business opportunities for entrepreneurs if prices decrease or new technologies emerge for stationary batteries.

Does Thailand offer private sector participation in renewable electricity generation?

The Government of Thailand has opened access for private sector participation in the renewable electricity generation business through its programs for small and very small power producers.