Banpu Power preps US battery venture

SET-listed Banpu Power, the power generation arm of energy conglomerate Banpu Plc, is planning to venture into the battery energy storage system (BESS) business in the US, its second country for the business after Japan where it developed a battery farm.

- YUTHANA PRAIWAN

The company proposed a BESS project to the Electric Reliability Council of Texas, which oversees and manages the electrical grid to serve most of the southern US state, said Issara Niropas, chief executive of Banpu Power.

He did not reveal the development cost, saying only that the project may be partially funded by a subsidy programme aimed at supporting BESS businesses.

"The global market for BESS is experiencing rapid growth, driven by increasing adoption of renewables and the need for grid stability and energy security," said Mr Issara.