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GPSC’s energy storage unit factory starts operations, solidifying the group’s position as a leader in total energy management solutions and ASEAN’s first SemiSolid battery producer.

GPSC’s energy storage unit factory starts operations, solidifying the group’s position as a leader in total energy management solutions and ASEAN’s first SemiSolid battery producer.

GPSC kicks off operations at its ASEAN’s first SemiSolid energy storage unit factory, which uses technology that is not only safe but is also reliable and environmentally friendly. Playing a major role in driving PTT Group’s energy innovation, GPSC is ready to become the leader in battery technology and total energy management solutions. The company also aims to enhance its renewable energy power generation capacity to supply power plants, large industrial factories, and SMEs as well as further develop its production plan for electric vehicle batteries.

Today (19 July 2021) Global Power Synergy Public Company Limited or GPSC unveiled its G-Cell energy storage unit factory with a total initial capacity of 30 MWh (megawatt-hours), the first in South East Asia that employs the SemiSolid technology. Prime Minister and Minister of Defence, General Prayut Chan-o-cha graciously presided over the opening ceremony of the facility, which is located in Map Ta Phut Industrial Estate in Rayong Province. Also in attendance were Mr. Supattanapong Punmeechaow, Deputy Prime Minister and Minister of Energy, Mr.

Mr. Auttapol Rerkpiboon, President and Chief Executive Officer of PTT Public Company Limited, Mr. Pailin Chuchottaworn, Chairman of the Board of Directors of Global Power Synergy Public Company Limited, Mr. Worawat Pitayasiri, President and Chief Executive Officer of Global Power Synergy Public Company Limited and other executive members.

Mr. Worawat Pitayasiri, President and Chief Executive Officer of GPSC said that the company is prepared to support government policy to achieve net zero greenhouse gas emission, promote the electric vehicle industry, and reduce the renewable energy gap with the SemiSolid battery production technology developed by 24M Technologies Incorporation or 24M, a US-registered company. GPSC has been granted license to manufacture and sale of the technology, starting with the production of LFP (Lithium-Ion Phosphate) G-Cells, which are not only highly safe and durable but also easily recyclable, environmentally friendly which are suitable for a wide range of applications. The plant now has an initial capacity of 30 MWh per year, and is able to expand the production capacity up to 100 MWh per year. Expansion plan to a 1- GWh ( gigawatt- hour) facility is under study and in the process of further investment planning.

“The project will ensure energy efficiency readiness for the future S-Curve business especially the electric vehicle industry, as well as for the rise in the generation and use of renewable energy and the development of smart cities, etc., which will increase Thailand’s competitive advantage and enhance the livelihood of Thai people as per government policy. We are also considering building a gigawatt- scale battery plant, which will pave the way for the company to become a leading service provider of a battery & energy storage system and the nation’s leading energy management solution provider,” said Mr. Worawat.

Dissatat Hotrakit, Secretary General to the Prime

Minister, Dr. Tosaporn Sirisamphan, Chairman of the Board of Directors of PTT Public Company Limited,

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