Thailand Energy Storage & Batteries Market Intelligence
Thailand emerging regional EV battery hub. Amita (EA), BYD, CATL Thailand cell assembly. Grid-scale ESS via GPSC, Banpu NEXT. PDP 2024 storage targets 10+ GWh by 2037.
Key takeaways
- 1
Thailand pushing to become regional EV battery, energy-storage hub. Manufacturing capacity ramping fast: Energy Absolute's Amita Technologies (Chachoengsao plant target 50 GWh by 2030); BYD, CATL Thailand cell assembly announced 2024.
- 2
Grid-scale ESS deployment growing: Global Power Synergy (GPSC, Gulf/PTT JV), Banpu NEXT energy storage projects alongside utility-scale solar farms.
- 3
PDP 2024 sets storage capacity targets β projects ~10+ GWh grid-scale battery storage by 2037 to support renewable integration.
- 4
BOI Thailand 3.5 EV package: 15-year tax holidays for battery manufacturing, cell assembly, cathode/anode material production. Lithium exploration emerging (DPIM partnerships) for upstream supply chain.
- 5
Behind-the-meter (commercial, industrial, residential) ESS small but growing as Thai PDP 2024, ERC tariff structure favours self-consumption, peak-shaving.
Executive summary
Thailand's energy storage, battery sector is in early scale-up phase as the country pushes to become a regional EV, battery hub. The most concrete manufacturing project is Energy Absolute's Amita Technologies β a battery-cell plant in Chachoengsao with an announced target of 50 GWh annual capacity by 2030. BYD Thailand, CATL Thailand have announced local cell assembly, module, pack capacity, primarily to feed their own Thai EV production (BYD passenger EV factory Rayong; CATL EV battery for Thai OEM customers).[, ]
Grid-scale energy storage systems (ESS) are deploying alongside utility-scale solar, wind. Global Power Synergy (SET: GPSC, the Gulf Energy, PTT joint venture power company) has multiple ESS pilots, commercial projects. Banpu NEXT (Banpu's renewables, storage subsidiary) is active in commercial-scale battery, virtual power plant. PDP 2024 (Power Development Plan) sets a storage capacity target of approximately 10+ GWh by 2037 to support renewable integration.[, , ]
Policy: BOI Thailand 3.5 EV package extends 15-year tax holidays to battery cell manufacturing, cathode/anode material production, cell assembly, module/pack assembly, battery recycling. ERC has rolled out time-of-use, capacity-charge tariff structures favouring behind-the-meter ESS (commercial, industrial customers shifting load). Upstream lithium exploration is in early stage (DPIM partnerships) β commercial Thai lithium production 5-10 years out absent acquisition.[, , ]
Thai grid-scale battery storage capacity trajectory (GWh, indicative)
2024
Capacity (GWh)
2
Drivers
Pilot, early commercial
2025
Capacity (GWh)
5
Drivers
GPSC, Banpu NEXT projects ramp
2027
Capacity (GWh)
15
Drivers
Solar, wind, ESS bundle PDP
2030
Capacity (GWh)
35
Drivers
Amita 50 GWh, EV battery, grid
2037
Capacity (GWh)
50
Drivers
PDP 2024 horizon target
| Year | Capacity (GWh) | Drivers |
|---|---|---|
| 2024 | 2 | Pilot, early commercial |
| 2025 | 5 | GPSC, Banpu NEXT projects ramp |
| 2027 | 15 | Solar, wind, ESS bundle PDP |
| 2030 | 35 | Amita 50 GWh, EV battery, grid |
| 2037 | 50 | PDP 2024 horizon target |
Segment mix (% FY2024-FY2030 cumulative investment)
Behind-the-meter (C&I, resi)
Share %
Notes
Time-of-use tariff arbitrage
Battery recycling, 2nd-life
Share %
Notes
Emerging post-2027
| Segment | Share % | Notes |
|---|---|---|
| EV battery cell, pack | 50% | Amita, BYD, CATL |
| Grid-scale ESS (utility, IPP) | 25% | GPSC, Banpu NEXT, EGAT |
| Behind-the-meter (C&I, resi) | 15% | Time-of-use tariff arbitrage |
| Battery recycling, 2nd-life | 10% | Emerging post-2027 |
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Key figures
Selected anchors from the report evidence pack.
PDP 2024 grid-scale BESS capacity target (2025-2037)
EGAT Power Development Plan 2024, Energy Regulatory Commission, Ember Thailand Power-System Transformation report, Bloomberg NEF Thailand: Turning Point for a Net-Zero Power Grid
EA Amita lithium-ion installed capacity (2023-2025)
Energy Absolute, Amita Technology Thailand corporate, MarkLines, APEC Energy Working Group documentation
BYD Rayong plant cumulative EV production (2024-2025)
BYD corporate announcements, Karmactive, CarNewsChina, Electrive.com, Thailand BOI EV3.5 disclosure
Phang Nga lithium-bearing ore reserve
Department of Primary Industries and Mines, Bangkok Post, Nation Thailand, Electrive.com
BNEF global lithium-ion battery pack price (2020-2025)
BloombergNEF Lithium-Ion Battery Pack Price Survey, Energy-Storage News, PV Magazine
Thailand EV battery local-content target
Thailand Board of Investment EV3.5 announcement, NXPO, EEC Office
GPSC G-Cell battery production capacity
GPSC annual report, GPSC G-Cell announcements, PTT Group strategy disclosures, 24M Technologies licensing
Banpu NEXT energy-storage portfolio
Banpu NEXT corporate disclosures, BANPU annual report, EVME mobility platform release
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