Energy Storage News•about 1 month ago
Thailand’s energy storage market lags despite renewable push and upstream manufacturing support
Key Takeaway
Thailand's growing renewable generation combined with a lagging energy storage market and upstream manufacturing support signals a significant, yet currently untapped, opportunity for storage developers and large consumers.
AI Summary
- •Thailand is actively increasing its renewable energy generation capacity.
- •Despite the renewable push, the energy storage market in Thailand is significantly underdeveloped.
- •Government policy currently supports the upstream (manufacturing) segment of the energy storage industry, but this has not translated into a robust deployment market.
- •For developers and large power consumers, this indicates a significant, yet currently constrained, future market opportunity for energy storage solutions in Thailand as grid integration challenges for renewables grow.
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