Thailand’s SET-listed Energy Absolute announced it had completed construction of a THB6bn (US$180m) lithium ion battery and energy storage plant in Chachoengsao, just east of Bangkok.
The factory is run by the renewable energy group’s Amita Technology (Thailand) Company subsidiary and has an initial production capacity of 1 gigawatt hours (GWh) per year, enough to power 4,160 public transport buses. The company claims the plant is the largest of its kind in south east Asia and it has plans in place to expand production capacity to 4GWh at a later stage.
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The factory will initially support the company’s plans to assemble 400 electric buses, as well as other forms of battery powered public transportation such as river boats.
The company said its batteries are produced using pouch cell technology, which it claims gives them a higher power density and lighter weight than standard lithium ion batteries currently in use.
Somphote Ahunai, chief executive officer of Energy Absolute, said the newly-built battery plant would help the government move closer to its goal of establishing Thailand as a regional EV production hub, as well as help the country move towards its net zero carbon emission goal by 2065.
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