In collaboration with its partner Espro Noodoe (EV charging management service provider), BGRIM launched its first solar-powered EV car charging station at River City Bangkok, one of the largest art and antiques centers in Thailand, April 2023. The company plans to expand to 100 by the end of the year.
BGRIM launched its first solar-powered EV car charging station at River City Bangkok.（Photo: BGRIM）
This move was driven by the increasing demand for EV car charging stations, reflecting the surging interest in electric cars in the country. This demand is evident in the 1,081% increase in Battery Electric Vehicle (BEV) registrations in Thailand during the first quarter of 2023, with a total of 14,777 registrations, compared to only 1,251 in the first quarter of 2022.
This marks a significant step toward clean energy for BGRIM, a company that has consistently provided industrial solutions through innovative power plant development, cutting-edge technology adoption, and sustainable fuels. It is now running 20 combined-cycle power plants (CCPP) and 35 renewable energy power plant projects both domestically and abroad.
Harald Link, president of BGRIM, unveils BGRIM’s next step direction and investment under the new 'GreenLeap - Global and Green' strategy aiming to grow their electricity production capacity to 10,000 MW by 2030 and achieving a net-zero carbon emissions status by 2050.
'GreenLeap - Globally Green' is the blueprint for enduring success, encompassing 3 main strategies.
- Industrial Solutions: supply energy under diverse electricity rates to industrial sectors by using solar energy projects on power plant roofs, incorporating heat and battery storage, as well as readiness for electric vehicles and advanced digital tools.
- Independent Power Producer: Scale up domestic and global renewable energy plant projects while positioning for carbon emissions reduction and improving flexible and renewable power.
- Sustainable Fuels: secure long-term gas supply agreements to advance proficiency in synthetic fuels for industrial and chemical applications, as well as alternative fuels for demanding sectors like aviation and maritime.
"The GreenLeap initiative aligns with the Global Temperature Control guidelines set by the International Energy Agency (IEA) for Non-OECD countries to prevent an increase of more than 2 degrees Celsius. BGRIM shoulders its responsibility to increase the share of renewable energy to more than 50% by 2030," declared Harold Link.
BGRIM to grow their electricity production capacity to 10,000 MW by 2030 and achieving a net-zero carbon emissions status by 2050.（Photo: BGRIM GreenLeap - Globally Green）
The company also discloses preparedness for financial management in line with future expansion. As of mid-2023, they have reserves of 29 billion Baht and are researching optimal capital structures and various investment channels, including Green Bonds for environmental initiatives, Perpetual Bonds, infrastructure mutual funds, asset monetization, and fundraising for subsidiary companies through an Initial Public Offering (IPO) format.