FRIDAY, March 29, 2024
nationthailand

GPSC to start selling battery products early next year

GPSC to start selling battery products early next year

Global Power Synergy Public Company (GPSC), the power flagship of PTT Group, will start marketing activities for its battery products early next year, chief executive officer Chawalit Tippawanich said.

GPSC has signed a Bt1.1 billion contract with Japanese construction firm, Thai Takasago, to develop Thailand’s first semi solid lithium ion battery plant on a 12-rai plot in Map Ta Phut Industrial Estate.

The plant, with an initial total capacity of 30 megawatt hour (MWh), is due to commence operations by yearend.

GPSC aims to penetrate the high-end energy storage market in Thailand and Asean with plans to expand its production capacity to 100MWh to support future demands.

Chawalit said the equipment required has already been brought in, but will have to be installed by experts from Japan and US, who are still unable to come to Thailand due to restrictions put in place to curb transmission of Covid-19.

He said the company has petitioned for concerned agencies to relax the rules for these experts, and hopes the plant will go into operation by the end of this year as planned.

The CEO also added that once the plant produces its first lot of batteries, it will begin to ramp up its capacity to up to 100 MWh in line with the government’s policy of promoting next generation automobiles that use clean energy.

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