About Thailand s new energy storage
Thailand's 2024 plan increases renewable energy, highlighting crucial battery storage systems for buildings and power generation.
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About Thailand s new energy storage video introduction
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6 FAQs about [Thailand s new energy storage]
Does Thailand need a battery energy storage system?
Thailand may lack the Battery Energy Storage Systems (BESS) necessary to navigate supply and demand challenges. The 2024 PDP draft included 10,000 MW of BESS, but this may see the country struggle to fulfil carbon neutrality and Net Zero commitments over the coming decades.
What is Thailand's energy strategy?
Thailand’s energy strategy continues to adhere to three core principles: ensuring a secure electricity system, maintaining fair pricing, and promoting sustainability. Thepparat Theppitak, Governor of EGAT, highlighted the challenges of managing renewable energy, which is expected to account for more than 50% of the power grid.
Why is battery storage a problem in Thailand?
This is partly due to a lack of clarity on how battery storage fits into existing electricity infrastructure. In 2022, the Thai government approved 24 BESS projects, all of which were located alongside solar operations. Their total combined storage capacity was 994 MW.
How can Thailand improve energy security?
Development of Domestic Energy Sources To enhance energy security, Thailand is working on securing new domestic energy sources. This includes opening up exploration and production rights for onshore petroleum fields in the 25th round, expected to yield approximately 5.76 million barrels of crude oil and 20.7 trillion cubic feet of natural gas.
Why is Thailand relying on 75% imported energy?
“Thailand’s reliance on 75% imported energy means that global oil and LNG market prices, influenced by geopolitical issues, directly impact domestic prices. Increasing domestic energy sources will help reduce imports and lower electricity costs,” said Dr. Prasert.
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.
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