Management guidelines for technology research and development
GRI 103-2

GPSC recognize technology and energy transition trends based on the 3D1C principle, which includes optimizing production and using renewable energy to reduce CO2 emissions(Decarbonization), distribution of electricity grids from the various energy sources(Decentralization), using a digital platform in energy management (Digitalization) and distribution of electricity that consumers can be both producers and consumers(Convergence), these issues will inevitably affect the power generation industry in the future. GPSC prepares and plans to change its business model by setting a higher investment budget to support this trend and generate returns from new businesses with strategies "S3: S-curve & Batteries" to develop innovative batteries and energy storage systems to support a wide range of industrial applications. GPSC also has a strategy of "S4: Shifting to Customer-Centric Solution" that focuses on the installation of small distributed generation power systems, design, development, and installation of a centralized cooling system (District Cooling), providing consultation and analyzing energy consumption, and integration of energy storage systems to increase power system's stability.

Decentralization
Decarbonization
Digitalization
Convergence

Decentralization

Decentralization of the power generation system from large to small power plants able to trade electricity between each other. This results in a more distributed generation of electricity in the form of Microgrids to use in the Smart Grid system, transition from consumer to prosumer where small power producers can be both buyers and sellers in person. The electricity generation will use renewable energy and may be coupled with Energy Storage as well by applying additional renewable energy such as the use of Solar Rooftop

Decarbonization

The shift from energy use to clean energy and environmentally friendly products, whether solar, wind, water, or biomass, can all reduce the carbon dioxide emissions from fossil fuels. The introduction of new technologies to reduce carbon dioxide emissions such as Carbon Capture, Utilization and Storage (CCUS), Hydrogen, etc. It also supports the Paris Agreement and the country's will from the 26th Conference of the Parties to the United Nations Convention on Climate Change (COP26) that Thailand has ratified to reduce the country's greenhouse gas emissions by 2030 to achieve Carbon Neutrality Goals and Achieve Net-Zero Greenhouse Gas Emissions Goals (Net-Zero Emissions)

Digitalization

Applying technology to increase work efficiency in both production and distribution systems can reduce time and cost for Peer-to-Peer Trading or electricity trading between buildings including the development of Smart Buildings to promote efficient use of energy as well as supporting businesses to adapt to technological society changes. Strengthen the ability to compete in the business that will change in the future.

Convergence

Reducing the limitation of entering the electricity business by allowing more free trade in energy. This resulted in competition in the electricity business from the same operators including new entrepreneurs. Allowing the distribution of electricity generation and trading to occur easily and quickly.


The innovation strategy in the power business is divided into 2 sub-strategies that are the main mechanisms driving the Company's energy innovation. To become a leading innovative power generation company can create new business and income opportunities as well as be able to adapt to the changing of technology and energy sustainably at an international level

S3 S-curve & Batteries

Developing energy innovation and business of the future whether it is the development of energy storage systems, development of electric car batteries and other vehicles, and expanding innovative business. It is the main mechanism in driving the Company's energy innovation with details as follows:

  • Research, development, and production of batteries to commercial products.

    GPSC researches and develops its own batteries from the beginning of production and usage as well as the development of energy storage systems and battery markets such as integration with renewable energy, electric vehicles, and charging stations. Currently, a semi-solid battery plant is set up to produce GPSC and 24M Technologies, Inc. innovated G-Cell batteries. with an initial capacity of 30 megawatt-hours per year. The company plans to increase the size to 10 gigawatt-hours per year within the next 10 years.

Strategy S4: Shifting to Customer-Centric

It is a service that meets the needs of customers primarily in the field of electricity generation and utilities by using innovations in primary power plants, alternative energy power plants, energy storage systems, and offering services that can manage energy for maximum benefit by developing a platform that meets the needs of customers to increase efficiency in electricity production that is environmentally friendly both in public and private organizations. The details are as follows:

  • Distributed generation system installation service

    Providing services for customers who want to produce renewable energy such as solar rooftops, Microgrid, Smart grids, and Energy Storage Integration For commercial and industrial customers to use in the organization, increase the share of renewable energy, reduce costs, and be environmentally friendly.

  • Centralized district cooling system

    Providing services from experts to develop, design, and install centralized cooling systems that suit the needs of users. This includes system management and maintenance services throughout the contract period for commercial and industrial customers who need refrigeration systems in their establishments.

  • Energy Management services

    Comprehensive smart energy management services that can enhance the energy consumption of customers through new technologies and innovations effectively and meet the requirement through consulting, inspection, analysis of energy consumption, real-time monitoring of energy consumption, remote energy management, and integration of energy storage systems to increase the stability of the power management system.

GPSC prepares for future changes in energy consumption patterns by introducing new technologies and integrating them with products and services. The company also looking for new business opportunities and expanding the business model to consumers that cover from upstream to downstream of energy consumption to support and adapt to changes stably and sustainably as follows:

Upstream
Midstream
Downstream
Upstream Business

Providing services from the process of design, distribution, procurement, construction, and installation of electric power generation systems in the form of Engineering Design, Procurement and Construction (EPC) and Turn-Key projects that cover energy use both in the form of connecting to the transmission system (On-grid) and the disconnect to the transmission system (Off-grid) this include the Smart Grid system.

Midstream Business

Distributed Generation

Distributed power generation by small consumers by providing services to customers who want to produce energy for self-use in the organization, reduce costs, be environmentally friendly. and intelligent network system (Smart Grid) implementation

Related technology
  • Solar Rooftop (Photovoltaic: PV)
  • Floating Solar
  • Solar Farm System
  • Smart Grid
  • District Cooling System
  • Behind-the-Meter Energy Storage System: BTM ESS
Energy Storage

Integration of energy storage and generation systems to optimize energy efficiency for both stationary and mobillity applications. Moreover, GPSC see opportunities to penetrate both the data center system, telecommunications, and electricity business market both domestic and international

Related technology
  • Small energy storage system (<100 kWh)
  • Large energy storage system (≥100 kWh)
  • Charging Station
  • System Integrator
  • Lead-acid replacement battery
  • Small electric vehicles such as electric tuk-tuks, electric motorcycles, and electric golf carts
  • Large electric vehicles such as electric buses
Energy Management

Providing inspecting services for energy systems and equipment to increase energy efficiency within the organization

  • Energy Audit
  • Real-Time Energy Monitoring
  • Energy Efficiency Equipment Supply
  • Energy Management & Solution Provider Development
  • Implementation of Power Purchase Agreement (PPA) and Regulatory Certification
  • Remote Management of the Power Management System
Downstream Business

Operation and Maintenance that covers after-sales service to customers by the company subject matter experts in the group of company such as

  • Operation and maintenance of renewable energy generation systems such as solar rooftops
  • Operation and Maintenance of district cooling system

GPSC recognize the importance of cooperation between departments to encourage commercialization development from innovation. The company foresees the opportunity of Open Innovation as a channel for accepting and exchanging knowledge, ideas, and experiences from external parties to add value or new products which makes businesses more competitive and enhances energy innovation. GPSC focuses on research and innovation development through various collaborations with the following projects:

Development of the first floating solar in Thailand (G-Float)

Collaboration to develop a pilot project to install a floating solar power generation system (G-Float) in collaboration with a company within PTT Group and Combined Heat and Power Producing Company Limited (CHPP), which is an innovative commercial floating solar buoy that supports industrial customers, government, and private organizations that want to use renewable energy in the organization

G-Float is designed to increase the efficiency of electricity generation by using innovative high-density polyethylene with special properties such as flexibility, strength, and durability, as well as reducing the collection of barnacles and harmless to marine life. G-Float can be installed quickly, conveniently, and easy to maintain. G-Float supports the installation of the standard to larger solar panels. with the lifespan of the material is up to 25 years and can recycle.

Productivity benefits
  • Increase the service lifespan to 25 years
  • Increased efficiency of power generation through the use of materials that are more resistant to corrosion
Benefits in generating income and reducing costs aspects
  • Save electricity cost by 390,000 baht (at 100 kilowatts installed)
  • Able to save costs throughout the service lifespan equal to 7.8 million baht
Human resource and innovations benefits
  • Create opportunities for employees of the company to expand capabilities, enhance skills and experience in floating solar power systems
Other benefits
  • Reduce greenhouse gas emissions by 36 tCO2 equivalent per year and over 725 tCO2 equivalent over service lifespan
  • Plastic pellets used to form products have no impact on marine ecosystems. (confirmed by the United States Food and Drug Administration)
  • Act as a case study example for communities that are interested in solar energy systems to learn.
Smart Energy Management Project to be a model community at Vidyasirimedhi Institute Of Science And Technology; VISTEC

Cooperation with PTT Public Company Limited in studying intelligent energy management systems through various technologies at Vidyasirimedhi Institute (VISTEC) by integrating new energy technologies and innovations. This will be used in the study as a guideline for further development and practical use in the future, such as the production of electricity from stable renewable energy (Solar Rooftop and Solar Floating), Energy Storage System usage to increase efficiency, renewable energy system using Artificial Intelligence (AI) technology to analyze the production, storage, and transmission of electricity as well as the application of a network system to store online transaction accounts (Blockchain) so that each building can buy electricity directly connected to the network between computers (Peer-to-Peer: P2P), which can conduct digital transactions with Smart Contract without the need for an intermediary and showing results in real-time, etc.

Productivity benefits
  • Increase the proportion of renewable energy generation within the building by more than 38.5%
Benefits in generating income and reducing costs aspects
  • Received income from solar power system installation total of 1.75 million baht in the first phase and expect to increase to 4.16 million baht in 2021, totaling 5.8 million baht
Human resource and innovations benefits
  • Enhance knowledge on renewable energy innovations for future investments
  • The company staff has access to technology and new innovations such as solar power systems installed on rooftops, floating on the water, and electric storage systems usage
  • Respond to the company's main policy who want to drive the use of environmentally friendly technology and beneficial to nearby communities
  • Act as a case study of innovation in the electricity business group including expanding various energy management guidelines in the future
Other benefits
  • Reduce greenhouse gas emissions by 1,211,306 kg-CO2 equivalent per year
  • Set up a renewable energy learning center for the community
  • Build a good relationship between the companies and nearby communities
  • Encourage students in VISTEC to participate in the study and experiment with innovations
Battery Innovation of the Future: G-Cell Battery

GPSC has partnered with 24M Technologies, Inc., specializing in lithium-ion batteries in the United States, to research and develop a semi-solid battery named G-Cell to support commercial expansion. It is distinguished by its long service life or recharging cycles of 1000-10,000 times and its storage time of up to 350 days, which is 1.2 times more than conventional lithium batteries. G-Cell can also regulate its own temperature even in high-temperature environments to reduce the chance of electric shock inside the battery. G-Cell is also lightweight and environmentally friendly without a binder, the battery cells are easier to recycle at a lower cost than other types of batteries.

G-Cell can be applied in a wide range of products both stationary and mobile through modifications to products such as G-Pack and G-Box, also supporting future technologies such as charging station systems, telecommunication systems, and data centers that require the stability of the electric power distribution system.

Productivity benefits
  • Can reduce production time and reduce costs by 50%
  • Reduces the use of coatings on battery components by 30 percent, making batteries easier to recycle
Benefits in generating income and reducing costs aspects
  • Expected to generate revenue of over 2,500 million baht per year from G-Cell products based on the projected capacity of 10 GWh
  • Generate about 3,000 baht per kilowatt-hour in 2025
  • Reduce import tariffs on energy storage systems from abroad by 23 percent
Human resource and innovations benefits
  • Build skills for employees through joint research studies with international energy storage system subject matter experts
  • Enhance the development of energy storage systems in Southeast Asia
Other benefits
  • The battery is very safe and can control temperature under high-temperature environments in Southeast Asia.
  • Manufactured by parts that use 40 percent less coating than usual, making batteries easier to recycle and in line with the circular economy concept
Collaboration to promote research and other innovation developments
Innovation and
management
Type of innovation
cooperation
Details According
strategy
Advanced Semi-Solid Battery Technology
National Metal and Materials Technology Center (MTEC)
National Science and Technology Development Agency (NSTDA)
Collaboration to bring the country's expertise in science, technology, and materials to develop high-efficiency prototype batteries to be used as an energy storage system, which is the heart of the Company's power and utility business development
  • S3: S-curve & Batteries
Application and Market Development
PTT Public Company Limited
Collaboration to test the prototype batteries in products and services such as electric vehicles and charging stations in order to commercialize products in the future
  • S3: S-curve & Batteries
Smart Energy Campus
Suranaree University of Technology
Collaborating with Suranaree University of Technology to develop a Smart Micro Grid Energy City model through the use of various technologies. From the production of renewable energy, storage, and distribution, as well as the trading between private users and the private sector (Private PPA).
  • S3 S-curve & Batteries
  • S4: Shifting to Customer-Centric
Academic Resource Collaboration
Kasetsart University
Personnel exchange with knowledge and expertise from the education sector to research and develop battery technology to be more efficient in order to create competitiveness in the industry and the country's personnel in lithium-ion battery production that still lacking
  • S3: S-curve & Batteries
Battery Manufacturing Process Development
IRPC Public Company Limited
Collaboration to develop a battery production process that meets standards, low cost, and has a short lead time to support future commercial production.
  • S3: S-curve & Batteries
Battery management research studies throughout the value chain

From the trend of the energy transition to the future world toward clean energy with the use of digital technology, energy storage systems are therefore indispensable in energy eco-systems. However, the increase in battery usage could have a long-term environmental impact if there is no proper study and post-use management. GPSC, as a manufacturer and provider of energy storage systems, sees opportunities and ways to reduce the impact of battery usage by planning production research studies, performance, and the recycling process after use.

With the success of building a battery factory, GPSC plans to establish an Innovation Center (R&D Center) in the same area as the factory located in the strategic area for national economic development, which is the Eastern Special Development Zone or EEC, with a total amount of over 230 million baht. The facility will be used as the Company's battery research center to cover the production process, safety test, practical use, and proper recycling process throughout the value chain. The company aims to gain confidence in being a leader in environmentally friendly energy storage systems.

Updated as of February 2022

The content above is based on sustainability reporting standards by The Global Reporting Initiative (GRI Standards), and externally validated and verified for accuracy of the reporting data at "Limited Assurance" level