Bangkok Phase Change Energy Storage System Cost

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.

How much is fit for solar in Thailand?

In an unexpected move, the government of Thailand has introduced a feed-in-tariff (FIT) of THB 2,1679 ($0.057)/kWh over 25 years for solar and a 25-year FIT of THB 2,8331/kWh for solar plus storage.

How will Thailand's electricity supply change in 13 years?

According to the PDP, Thailand's total electricity supply is expected to reach 112,400 megawatts in 13 years, up from 53,868MW last year, which had most of the electricity produced from fossil fuels. The PDP is using the loss of load expectation (LOLE) method to better manage the power supply.

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.

Will Thailand shift to cleaner energy?

The plan is expected to pave a clearer path for Thailand to shift towards cleaner energy, central to government efforts to cut carbon dioxide emissions.

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.