Thailand''s emerging energy storage sector
Energy storage is in its infancy in Thailand, and new business models are already emerging. As the regulatory framework adapts to accommodate new players in the market, it
Thailand may lack the Battery Energy Storage Systems (BESS) necessary to navigate supply and demand challenges. The 2024 PDP draft included 10,000 MW of BESS, but this may see the country struggle to fulfil carbon neutrality and Net Zero commitments over the coming decades.
Regulations in Thailand already permit behind-the-grid technologies such as rooftop solar and storage to be deployed, subject to the Energy Regulatory Commission (ERC)'s licensing regime.
Since Thailand has a pooled gas system, an increase in domestic gas consumption or lower reliance on LNG imports could reduce its average pooled gas price.
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