B.GRIMM Power (B.GRIMM) announces a long-term strategy “GreenLeap – Global and Green”, setting a target of 10,000 MW in 2030, highlighting its strength as a leader in industrial customers – renewable energy. Enhance global business cooperation To be a leader in sustainable and safe energy Ready to move towards becoming an organization with net-zero carbon emissions or Net-Zero Carbon Emissions by 2050.
B.Grimm Power Public Company Limited or B.Grimm Power, Thailand’s leading industrial power producer which operates 20 cogeneration power plants and 35 renewable energy power plants both domestically and internationally, announces its GreenLeap strategy that transforms its business operations according to a new strategic transformation approach aimed at keep growing Become a leading global company and a leader in sustainable and safe energy development by still adhering to the basis of conducting business with generosity
The GreenLeap strategy has taken the vision “Empowering the World Compassionately” and B.Grimm Power’s corporate values have been applied as GreenLeap’s approach, which is a proactive strategy aimed at the rapidly changing energy market. around the world to meet the changing needs of customers Toward the goal of becoming a world-class energy producer And achieve the goal of becoming an organization with net zero carbon emissions or Net-Zero Carbon Emissions by the year 2050 (2050).
Dr. Harald Link, Chief Executive Officer, B.Grimm Power Public Company Limited Revealed that B.Grimm Power is ready to move forward with the GreenLeap strategy along with 5 strengths:
1. Ability to create business opportunities
2. To be a good and trusted partner
3. Ability to develop and manage projects
4. Finding funding sources to support growth with reasonable costs
5. Availability of modern technology
“We are proud to support industrial customers in their transition to a low-carbon energy future. Through the GreenLeap strategy, B.Grimm Power and its customers will move towards using clean energy and Make a more positive impact on the environment. by supporting and expanding renewable energy projects Our aim is to empower the global community with compassion. by providing clean, sustainable energy high level of stability and accessible prices At the same time, we continue to maintain our profit margins while reducing our impact on the environment.”
B.Grimm recognizes the important role it plays in the energy sector to provide B.Grimm Power customers with clean, sustainable energy. high level of stability and accessible prices The goal is to increase production capacity from 3,379 MW at the end of September 2022 to 4,700 MW in 2024 and to 10,000 MW in 2030.
Under the new GreenLeap strategy, B.Grimm Power is also looking to enhance global business cooperation with local and international partners. To expand the business into raw material supply (Upstream value chain) to ensure fuel supply and drive the technology of synthetic fuel.
“We are committed to playing a leading role in the energy sector we serve now and in the future. and confident that the GreenLeap strategy is the key to long-term success.”
The GreenLeap – Global and Green strategy consists of three strategic plans.
1.Industrial Solutions: Aiming to supply power to industrial sectors under various tariffs, B.Grimm Power will use its rooftop solar project. Combined cycle power plants, batteries, and preparations to support electric vehicles and advanced digital tools
For example, systems that can support electrical connections from clean, distributed energy sources to maintain the balance of the B.Grimm Power grid, as well as support customers on carbon offsetting and increasing energy efficiency The strategy draws on B.Grimm Power’s knowledge to integrate renewable energy and energy storage. In order to provide a full range of energy services to customers
2.Independent Power Producer: aims to expand B.Grimm Power’s renewable energy power plant projects both domestically and internationally. And prepare domestic ports to reduce carbon dioxide emissions.
- Flexible Power: aims to improve the efficiency of the combined cycle power plant portfolio. Management of power backup systems from combined cycle power plants To create a balance to support the increase in renewable energy. and prepare for a future when combined cycle power plants will play a key role in balancing the power grid. including the use of alternative fuels and development of energy storage systems for the medium and long term. The key is B.Grimm Power’s expertise in operating and maintaining combined cycle power plants and its commitment to innovation and technology development.
- Renewable Power: An important part of the world’s energy transition and great opportunities, B.Grimm Power will draw on its experience in implementing renewable energy projects both in Thailand and abroad Global cooperation with partners Commitment to community and society and developing advanced proprietary software tools for managing renewable energy projects. B.Grimm Power focuses on fast growing and/or rapidly changing economies in Asia, and other regions to diversify risks and raise investment levels
3. Sustainable Fuels: The strategy aims to ensure gas supply through long-term supply contracts using B.Grimm LNG supplier and wholesale licenses, strengthening its synthetic fuel expertise for industry and chemicals as well as synthetic fuels for sectors that are difficult to reduce, such as aviation and marine. This strategy takes advantage of B.Grimm Power’s strengths in natural gas procurement. and long and strong cooperation with partners and equipment manufacturers with advanced technology.
GreenLeap’s strategy aims to achieve an annual EBITDA of more than 35 billion baht with an EBITDA margin of 35% by 2030 while maintaining a strong financial structure. We also adhere to good governance, sustainability and management principles. Responsible Value Chain taking into account the economic, social and environmental impacts
“B.Grimm Power’s goal is to achieve 10% compounded annual EBITDA growth while adhering to the 2°C global warming guideline set forth by Non-OECD countries. 2C Non-OECD) defined by the International Energy Agency (IEA) with more than 50% of renewable power plants by 2030, and we are proud to play our part in the fight once morest climate change. air,” concluded Dr. Harald Link.
