1 375mw solar container energy storage system in Bangkok

Why is energy storage important in Thailand?

Energy storage systems, including batteries and pumped hydro storage, play a pivotal role in storing excess energy from renewable sources and releasing it when needed. Thailand has been investing in renewable energy projects, such as solar and wind farms, and energy storage is essential to manage intermittent power generation.

Are there grid-scale energy storage projects in Thailand?

There are currently few grid-scale energy storage projects in Thailand, although the situation is likely to change. In furtherance of its commitments under the Paris Agreement, the Thai government has enacted policies which envisage renewable energy accounting for the majority of grid capacity and output by 2040.

Is energy storage a new business model in Thailand?

Energy storage is in its infancy in Thailand, and new business models are already emerging. As the regulatory framework adapts to accommodate new players in the market, we expect to see greater penetration in this area. Notes Energy Policy and Planning Office, Ministry of Energy, electricity statistics

Why is Thailand relying on more than just solar?

To close this gap, Thailand is relying on more than just solar. The government’s Alternative Energy Development Plan (AEDP) promotes energy diversification, including storage systems and emerging technologies like green hydrogen. These strategies are designed to not only boost generation capacity but also ensure energy stability and resilience.