Banpu NEXT unveils plan to promote clean energy technology in comprehensive strategy
Build a new S-curve with “Renewable Energies – Energy Storage – Energy Trading – e-Mobility” and take the lead as a global provider of smart energy solutions
BANGKOK, September 9, 2021 / PRNewswire / – Banpu NEXT, a flagship company of Banpu PCL, the leading provider of smart clean energy solutions in the Asia Pacific, is deploying its five-year commercial roadmap as part of the “Greener & Smarter” strategy and piloting clean energy technology to create a new S-curve for its five main activities: renewable energies, gas storage energy, energy trading, electric mobility and smart energy. The company is increasing its investments and expanding its client portfolios in all key business groups, both in domestic and overseas markets, in support of BANPU’s strategic goal of increasing the business’s contribution to EBITDA related to clean energy and energy technologies over 50% by 2025 to keep abreast of future energy trends in the “never normal” era.
Mr. James Rama Patmindaraviphas, Group Senior Vice President – Energy Technology, Banpu NEXT Co., Ltd., said: “Banpu NEXT has developed a 5-year strategic business plan or roadmap (2021-2025) by implementing the ‘Greener & Smarter’ strategy and the principles of environmental, social and corporate governance or ESG of the BANPU group to lead the organization in all dimensions through 3 main strategies as follows:
Data led to design solutions focusing on people, customer needs and weak points to analyze, develop and create solutions that meet the needs of business operations. We create added value for our customers’ businesses, respond to trends in energy consumption and consumer behavior in the future while creating sustainability for business, society and the environment.
Advance strategic investment by exploring new business opportunities, developing business partnerships and supporting talented Thai startups to strengthen business ecosystems and create exponential growth.
Proactively drive business growth across all solutions (EBITDA growth in 2025). To increase its share in BANPU’s EBITDA (earnings before interest, taxes, depreciation and amortization), Banpu NEXT will continue to develop its customer portfolio, increase clean energy capabilities and accelerate the development of new products and services towards its business objective, especially in flagship companies, namely renewable energy, energy storage, energy trading, electric mobility and smart energy. At the same time, the company will constantly expand its activities through Asia Pacific Region.”
Mr. Chanit Suwanparin, Senior Vice-President – Client experience, Banpu NEXT Co., Ltd., said, “Smart Energy is an important piece of the puzzle for Banpu NEXT. So we strategized for our products and marketing to create a new S-curve for the company with a plan to develop five Smart Energy solutions and a wider variety of new services. At the same time, we have introduced advanced digital technologies such as AI, big data and intelligent cloud computing as key enablers, which will empower customers to efficiently and real-time manage clean energy on an integrated data platform.
Smart Energy Solutions will be the growth agent for two areas of development: 1) Smart community and smart city development, with evidence of our recent success, including the development of the “Smart Campus” at the Thailand Rugby School in Chonburi, the launch of the first e-ferry for maritime tourism in Thailand and contribution to the development of the “smart security zone” by Phuket; and 2) Sustainable commercial and industrial development by delivering smart end-to-end energy solutions on a complete digital platform with 24/7 after-sales service, which is our unique selling point. “
“Banpu NEXT is confident that the five-year roadmap will pave the way for our company to become the leader in clean energy technologies and generate robust growth for our business. By 2025, we aim to increase our renewable energy capacity through Asia Pacificincluding solar and wind power, for a total of 1,600 megawatts of our current capacity, which includes 824 megawatts * from solar and wind power plants and 249 megawatts * from solar rooftops, solar carports and of floating solar energies. Additionally, we will increase our energy trading volume to 1,000 gigawatt hours, drive the growth of Durapower’s high-quality energy storage business, and leverage its ability to tailor our energy solutions to customer demands. . In the field of electric mobility, we will strive to achieve a more balanced development by increasing our carpooling coverage to 50,000 service points and by expanding our network of carpooling services to 5,000 sharing stations, in addition to our increase in the number of recharging stations and improvement of after-sales service. In addition, we plan to increase our smart city and smart community development to nine projects, compared to five currently * “, Mr. James concluded.
* Information for the second quarter of 2021.
SOURCE Banpu NEXT Co., Ltd.