Who is Thai Energy Storage Technology plc?

THAI ENERGY STORAGE TECHNOLOGY PLC. Formerly “Thai Storage Battery Company Limited” was found in 1986 and became a public company limited in 1994. It has become one member of Hitachi Chemical Group in September 2017 and changed the company name to “Hitachi Chemical Storage Battery (Thailand) Public Company Limited” by the time of 3rd January 2019.

How can energy storage help Thailand?

She said many energy storage technologies exist nowadays, such as pumped hydro, compressed air, flywheel, batteries, solar fuels and hydrogen. She also pointed out that energy storage can help Thailand in various aspects, such as electricity generation, renewable energy, system operation, and energy transmission and distribution.

Does Thailand need a flexible energy plan?

As Thailand further accelerates its clean energy transition, the country should still consider using a combination of flexibility options in its long-term planning to accommodate greater ambition for renewable energy deployment.

Does Thailand need a flexible power system?

While the Thai power system has significant latent flexibility and a high reserve margin, it will nevertheless need to adapt to the greater need for flexibility that comes with ongoing changes on both the demand and supply side. Thailand’s power sector has two main avenues to enhance its flexibility.

Why does Thailand need more flexible electricity generation?

Thailand is also set to increase its share of renewables in electricity generation, which creates a need for more flexible generation from the thermal fleet to accommodate variable renewables. IEA. Licence: CC BY 4.0

Does Thailand have an enhanced single-buyer system?

Thailand has an enhanced single-buyer system, which means that the vertically integrated utility buys power from both its own generation assets and from independent power producers. This study is conducted in the context of the enhanced single-buyer system, and identifies contractual flexibility within this scope.