BANGKOK, May 17, 2023 /PRNewswire/ -- With Thailand devoting itself to reducing the carbon emission to "Zero", renewable energy is becoming increasingly vital in the country's energy structure. Undoubtedly, energy storage continues to play an essential part in solving intermittency and volatility.

Sungrow Thailand Future Energy Summit 2023

Energy storage is increasingly included in energy policies. "Thailand introduced a new feed-in-tariff (FIT) scheme, offering a 25-year PPA agreement at THB 2.8331/kWh for solar-plus-storage projects, which will drive 600 MW storage colocated with solar between 2024 and 2030," said Anqi Shi, Senior Analyst of S&P Global at Sungrow Thailand Future Energy Summit organized on May 15th in Bangkok.

"Currently, Thailand is leading the trend of solar-plus-storage applications in Southeast Asia and seeks more opportunities with technological innovations. Sungrow, as a dedicated solar inverter and energy storage system supplier, prepares for further contribution to the energy transition of this vibrant country," said Steven Zhu, Regional Manager of Sungrow at the summit.

The Company provides cutting-edge solar and storage solutions, including the competitive 1+X Modular Inverter and its liquid cooled energy storage system (ESS) PowerTitan. The 1+X Modular Inverter is an innovation combining the advantages of both central and string inverters with a 1.1 MW single unit as the minimum capacity and can expand to 8.8 MW by combining eight units.

The PowerTitan is a professional integration based on Sungrow's power electronics, electrochemistry, and power grid support technologies. The ESS offers exceptional safety, durability, and a maximized return on investment for customers. The PowerTitan, associated with Sungrow's inverter solutions, was already installed in Super Energy's SPP Hybrid project in the Sa Kaeo province, the largest solar-plus-storage project in Southeast Asia, with a capacity of 49.01 MW PV and 136.24 MWh energy storage.

Sungrow has been strategizing the Thai market for over eight years and has installed a total of over 1 GW capacity of PV inverters and over 150 MWh energy storage systems in the country. The Company supplied inverter solutions to Sirindhorn Dam, one of Thailand's largest floating solar projects of 45 MW in the Ubon Ratchathani province, and signed a 90 MW of another significant floating PV project of National Power Supply Public Company Limited (NPS) in the Prachinburi province. Sungrow also supplied a 6.19 MWh energy storage project for Electricity Generating Authority of Thailand (EGAT) in the Mae Hong Son province, and a 4.12 MWh energy storage project for Provincial Electricity Authority (PEA) in Chiang Mai.

With a 26-year track record, Sungrow is now offering PV inverters, energy storage systems, wind energy converters, EV chargers, and PV hydrogen solutions. A few months ago, the Company signed an MOU with the Provincial Electricity Authority of Thailand (PEA) to explore profound cooperation in spaces like energy storage and green hydrogen. In addition, with the EV market surging in Thailand, Sungrow is also preparing to introduce its EV charger to build a low-carbon society.

Sungrow is committed to advancing renewable energy across a range of fields and driving technical innovations through collaboration with more stakeholders. During the summit, Sungrow announced its donation of two inverters to King Mongkut's University of Technology Thonburi (KMUTT), one of Thailand's most renowned academic institution, to support scientific research. The Company also aims to establish a talent development program in Thailand that integrates industry, education and research.

About Sungrow

Sungrow Power Supply Co., Ltd. ("Sungrow") is the world's most bankable inverter brand with over 340 GW installed worldwide as of December 2022. Founded in 1997 by Professor Cao Renxian, Sungrow is a leader in the research and development of solar inverters with the largest dedicated R&D team in the industry and a broad product portfolio offering PV inverter solutions and energy storage systems for utility-scale, commercial & industrial, and residential applications, as well as internationally recognized floating PV plant solutions, NEV driving solutions, EV charging solutions and renewable hydrogen production systems. With a strong 26-year track record in the PV space, Sungrow products power over 150 countries worldwide. Learn more about Sungrow by visiting www.sungrowpower.com.

Source: Sungrow Power Supply Co., Ltd.