Bio Green Energy Tech Public Company Limited (“BIOTEC”) signed a Memorandum of Understanding (MOU) with Beijing Globe Super Power New Energy Technology Development Co., Ltd. (“BJGSP”), a Leading technology energy storage system manufacturer from the People’s Republic of China. The first phase will study a project to import solid-state lithium batteries or solar energy storage systems that are modern, inexpensive and capable of storing high amounts of solar energy. for household use or for people’s homes throughout the country by responding to BIOTEC’s business expansion plan strategy, focusing on investing in renewable energy businesses and operates in conjunction with the Company’s existing business That is, the marine business and the biodiesel business. It also responds to the government’s policy to help reduce the problem of high electricity prices. and also increase its sustainable energy strength over the long term.
Mr. Rungnirun Tangsurakij, Managing Director of Bio Green Energy Tech Public Company Limited or BIOTEC, which operates a Holding Company by investing through domestic and foreign subsidiaries such as maritime business. Palm oil business, which produces and sells biodiesel oil and glycerin, revealed that the company continues to expand its wings to expand its business. to renewable energy business from solar energy to step towards sustainability in the future The Company announced the feasibility study to invest in renewable energy business in the category of Solar and Batter Energy Storage. Recently, the Company has been entrusted by Beijing Globe Super Power New Energy Technology Development Co., Ltd. (“BJGSP”) by has signed a business cooperation agreement To study investment in a project to develop and import solid-state lithium batteries as a solar energy storage device for household use. Or a house in Phase 1 and in the future, BIOTEC and BJGSP are expected to jointly study in Phase 2 on the construction of a Battery Energy Storage (Solid-state battery) assembly plant in Thailand, which will be a joint venture between BIOTEC and BJGSP. By using modern technology from BJGSP, inexpensive, competitive in the world market. and can store high amounts of solar energy
for signing this cooperation It will create a joint project study between BIOTEC and BJGSP as well as joint development of a business plan. BJGSP will develop and manufacture solid-state lithium batteries in China, and BIOTEC will is the sole importer, distributor and installer of product equipment in Thailand ready to create business alliances with solar energy entrepreneurs It is expected that BIOTEC will soon sign a contract with two other partners to carry out the installation of solar energy systems. and advanced software which will be able to provide services to the household sector or residential homes across the country in a complete range
“This collaboration is also an extension of new business. In addition to being a distributor and installation of battery-type products to be used to store energy from the sun It also increases investment opportunities in related projects in the future. This is because the tendency to use solar energy increases from the adjustment of electricity rates that increase every year. The use of solar energy is another alternative to meet the growing demand for electricity of households. or residential house from the rate of electricity charge per unit that is lower than that of the government And the price of solar panel installation continues to decline. and to develop solar energy storage devices for higher efficiency.”
Managing Director of Bio Green Energy Tech Public Company Limited added that At present, solar renewable energy used to generate electricity is still limited. Due to the instability of the power source that may not produce electricity consistently. and an imbalance between use and production Therefore, energy storage systems in the form of batteries must be developed to be able to store high amounts of solar energy. And the price of equipment and installation must be lower as well. To be a source of backup energy to be used as electrical energy when needed. especially during the night for efficient power generation management It also promotes the use of renewable energy which is clean energy. and responding to the government’s policy of becoming carbon neutral. and net zero greenhouse gas emissions.
BIOTEC sees that investment in renewable energy business, which is clean energy, shows the awareness of the Group. on climate change and reducing greenhouse gas emissions which focuses on producing electricity from clean renewable energy instead of relying on the traditional production process from fossil fuels This helps to reduce pollution and environmental problems. It also reduces the cost of electricity for homes to be lower. and support the Company’s goals for long-term sustainable growth and development. This is the next strategy that the company will use to expand the business of the group of companies. by focusing on expanding the business into new industries It is one strategy to diversify risks from fluctuations in raw material prices in the biodiesel industry. Including reducing risks that may arise from interference in the electric vehicle (EV) business in the future