GPSC Invests THB 1.1 Billion In Developing Thailand’s First Semi-Solid Battery Plant

Global Power Synergy Public Company Limited (GPSC) is developing Thailand’s first semi-solid battery pilot plant in the Map Ta Phut Industrial Estate. GPSC has signed a THB 295 million construction contract with Thai Takasago Co., Ltd., a professional Japanese company with extensive experiences in battery plant construction and the total investment of this battery plant (including machines and equipment) is estimated at THB 1.1 billion.

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This project worth over THB 1.1 Billion will have a total capacity of 30 megawatt-hours (MWh), due to complete and commence operation by December 2020. Furthermore, GPSC plans to expand its power capacity up to 100MWh in 2021.

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Depending on future demand, GPSC will consider building a new giga scale commercial battery plant with potential partners from power industry, electric vehicle manufacturing industry and other related industries in preparation for the increasing demand in the future, particularly in the Eastern Economic Corridor (EEC) and new smart city development, which help increase competitive advantage in energy businesses.

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“GPSC is PTT Group’s flagship in power business, which has been focusing on developing new S-Curve innovation to align with disruptive technology. The battery plant will lead GPSC to be a leading energy management solution provider, using unique technology from 24M Technologies (a Boston based semi solid lithium ion battery licensor), GPSC aim to produce and distribute the battery produced from this plant in Thailand and ASEAN market,” said Mr. Chawalit Tippawanich, President and Chief Executive Officer, GPSC.

“GPSC plans to produce the battery to serve the needs of PTT Group at initial stage and will expand to Thailand and ASEAN market to meet rising demand in the region particularly in Laos, Myanmar, Cambodia, Vietnam, Indonesia and Philippines,” added Mr. Chawalit.

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