Guidelines for research and techonology development management
GRI 103-2

GPSC Group is aware of the trend of technology and energy transformation in accordance with the 4D1E prinicples, which include Decentralization Digitilization, Decarbonization, Deregulation and Electrification that may affect the electrical power business, specifically in regards to the centralized power system, which is to be changed into a decentralized power generation system in the future (Decentralized power system). This coupled with the trend of high demand for electricity, GPSC Group has therefore prepared to and plans on adjusting the business model by setting a higher investment budget to accommodate these changes and generate return from new businesses in the future. The "S-Curve" approach is the main strategy to support organizations to drive innovation to new businesses in line with the changing trends of the energy business, as well as adjusting the value chain to be more consistent with business operations in the future.

Decentralization
Decarbonization
Digitalization
Deregulation
Electrification

Decentralization

The process of distributing energy generation systems from large production plants to small factories, where electricity can be traded with one another by applying additional renewable energy, such by as using solar rooftops to connect to Micro Grid systems for use in Smart Grid systems.

Decarbonization

The shift to energy usage patterns towards more environmentally friendly prodcucts, such as solar, wind, water or biomass, which are all able to reduce the carbon footprint caused by fossil fuels. Decarbonization also support the Paris Agreement, which Thailand has ratified to reduce the greenhouse gas emissions of the country by 2030.

Digitalization

The application of technology to improve work efficiency in both production and distribution systems, reduce time and costs, as well as to support businesses to adapt to a technological society, in order to enhance competitiveness in any given dynamic business sector.

Deregulation

Relaxation of restrictive energy regulations (regulatory sandbox) to foster innovation and its testing, as well as to support new energy developers to lead future regulatory changes, such as the use of energy produced by small users that can be supplied into the transmission line system.

Electrification

Preparation for technological support for the full use of electric vehicles, which is one of the major energy consumers in the Smart Grid system, by expanding the electric train network and the supporting of various technologies, such as charging stations, storage systems, battery swap and exchange centers (Battery Swap Station), etc.


The “S-Curve” strategy is divided into 3 sub-strategies that are the main engine of the energy innovation drive of the company to become the leading innovation power generating company able to create new business and income opportunities, including being able to adapt to the transition through technological advancements and sustainable energy at an international level.

Battery Manufacturer with Own R&D

To build a prototype battery factory in Thailand with a capacity of 30 MWh, whereby GPSC Group is currently in the process of preparing for the management of the factory, its capacity development, as well as knowledge obtainment of batteries belonging to the company. In addition, research and development of batteries in the field production processes, recycling processes, along with raw chemical compounds, including the practical applications of such will also be undertaken to prepare for the opening of the factory, which is expected to be completed and to be ready for operations within the second quarter of 2021.

System Integrator

Developing the potential of the System Integrator to enable GPSC Group and/or its affiliates to provide a complete range of customer services from project studies, system development and installation of energy storage system for customers.

Digital Energy

Intelligent energy management, the study and application development of batteries to add value to the product, together with the evaluation of the business model, which is to be appropriate and in accordance with various application purposes, in order to support the decision to expand into the commercial market in the future.

GPSC Group is preparing and coping with the changes in energy usage patterns in the future by integrating new technology into products and services, by looking for new business opportunities and by expanding business models to consumers that cover upstream to downstream energy consumption, in order to support and adapt to the coming changes in a stable and sustainable manner, which are shown as follows:

Upstream
Midstream
Downstream
Upstream

These are services ranging from design process, distribution, procurement, construction and installation of electric power generation systems in the form of engineering design, procurement and construction (EPC) and a contractor project (Turn-Key), covering power consumption in both the On-grid and Off-grid connections, including Smart grids.

Midstream

Benefits to the Company

Energy production by distributed retail users, providing services for customers who want to produce energy for their own use in the enterprise, reduce costs and remain environmentally friendly, which includes establishing a smart network system (Smart Grid).

Related technologies
  • Solar Rooftop (PV)
  • Floating Solar
  • Solar Farm
  • Smart network system (Smart Grid)
Energy Storage

Integration of energy storage and production systems to optimize energy use for maximum efficiency in both stationary and mobility type applications.

Related technologies
  • Small energy storage system(<100 kWh)
  • Large energy storage system (>100 kWh)
  • System Integrator
  • Commercial & Industrial Energy Storage System (C&I ESS)
  • Lead-acid Replacement
  • Small electric vehicles, such as electric tuk-tuks and personal electric cars.
  • Large electric vehicles, such as electric buses.
Energy Management

Providing services to audit energy use systems and equipment to increase efficiency within the organization.

Service
  • Monitoring of energy systems (Energy audit)
  • Energy efficiency enhancement
  • Development of energy systems (Energy Management & Solution Provider)
  • Execution of energy trading agreements (Power Purchase Agreement: PPA) and legal licenses (Regulatory Certification)
Downstream

Poviding services for operations and maintenance (Operation and Maintenance) which cover after-sales services to customers by experts with knowledge and experience of the company in the group

GPSC Group realizes the importance of cooperation among various departments in supporting the commercial development of innovation and foresaw the opportunity of open innovation as a channel for exposure and exchange of knowledge, ideas and experiences from outside of the organization, in order to create added value or new products to make the business more competitive, enhance energy innovation, emphasise on research and innovation development through various partnerships, which are as follows:

Innovation and
management
Type of innovation
cooperation
Details According
strategy
Corporate Venture Capital
Advanced Semi-Solid Battery Technology
24M Technologies, Inc. (24M)
Investing in a company with expertise in lithium-ion batteries (Lithium-Ion) in the United States to be developed as a secondary storage system for the industrial sector, to strengthen the stability of the power distribution network and to store energy produced from renewable energy.
  • Battery Manufacturer with Own R&D
Establishing cooperation with external agencies
Advanced Semi-Solid Battery Technology
National Metal and Materials Technology Center (MTEC)
National Science and Technology Development Agency (NSTDA)
Collaboration to bring the knowledge and expertise in science, technology and materials in the country to develop a high-efficiency prototype battery to be used as an energy storage system, which is key to the development of the power and utility business of the company.
  • Battery Manufacturer with Own R&D
Application and Market Development
PTT Public Company (Limited)
Creating a partnership to test battery prototypes in products and services, such as electric vehicles and charging stations to develop future commercial products.
  • Battery Manufacturer with Own R&D
Smart Energy Solution
PTT Public Company (Limited)
Vidyasirimedhi Institute (VISTEC)
Collaboration with PTT Public Company (Limited) in the study and development of smart energy management systems through various technologies at Vidyasirimedhi Institute (VISTEC), whether this may be in electricity generation from renewable sources, energy storage systems, artificial intelligence technologies, etc.
  • System Integrator
  • Digital Energy
Smart Energy Campus
Suranaree University of Technology
Collaboration with Suranaree University of Technology to develop a smart microgrid energy city model through the use of technologies ranging from renewable energy production, storage and distribution processes, while also including trading between private users (Private PPA).
  • System Integrator
  • Digital Energy
Academic Resource Collaboration
Kasetsart University
The exchange of knowledgeable personnel from the education sector to participate in research and development of battery technology, in order to increase the competitiveness of the industry and the country’s personnel in the production of lithium-ion batteries, which are still lacking.
  • Battery Manufacturer with Own R&D
Battery Manufacturing Process Development
IRPC Public Company (Limited)
Collaboration to develop battery manufacturing processes that meet high quality standards, low costs and short production times to support future commercial production.
  • Battery Manufacturer with Own R&D
The First On-Sea Floating Solar In Thailand Development
PTT Public Company (Limited)
PTT Global Chemical Public Company (Limited)
PTT Tank Terminal Company (Limited)
Collaboration to develop a pilot project for the installation of a floating solar photovoltaic system (Floating Solar), including development of special plastics to produce buoyancy for the collection of sea barnacles that are both environmentally and marine life friendly.
  • System Integrator
  • Digital Energy
Open Source
Young Social Innovator
Domestic high school and vocational students
An innovation contest for high school and vocational students or equivalent to embrace sustainable energy, natural resources and environmental ideas or innovations, where the winning projects will be further developed into functional products in the future.
  • Battery Manufacturer with Own R&D
  • System Integrator
  • Digital Energy
Revised as of February 2021

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