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          Bloom Energy, ATE, EGAT, and EGCO Group signed a Memorandum of Understanding to Explore Investment Opportunity in Solid Oxide Fuel Cells and Electrolyzer Technologies, new fuel alternatives for power generation, to support Thailand’s decarbonization and energy transition to hydrogen, moving towards carbon neutrality goal.

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         On December 16, 2021, Mr. John D. Breidenstine, Minister Counselor for Commercial Affairs and ASEAN Regional Senior Commercial Officer, U.S. Embassy; Mr. Edwin C. Sagurton, Jr. Counselor for Economic Affairs, U.S. Embassy; and Mr. Kulit Sombatsiri, Permanent Secretary of Ministry of Energy, attended the signing ceremony of the Memorandum of Understanding (MOU) to Explore Investment Opportunity in Solid Oxide Fuel Cells and Electrolyzer Technology, among Mr. Tim Schweikert, Senior Advisor, Market Development, Marine Solutions of Bloom Energy Company; Mr. Arak Chonthaanon, Managing Director of ATE Co., Ltd.; Mr. Boonyanit Wongrukmit, Governor of Electricity Generating Authority of Thailand (EGAT); and Mr. Thepparat Theppitak, President of Electricity Generating Public Company Limited (EGCO Group). This MOU will pave the way to Thailand’s decarbonization and energy transition to hydrogen. The signing ceremony was held at the 19th floor conference room, 50th Anniversary Building, EGAT Headquarters.

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         Permanent Secretary of Ministry of Energy revealed that the Prime Minister’s remark in the 2021 United Nations Climate Change Conference (COP26) underscored the utmost importance of Thailand to cope with climate change, aiming at reaching carbon neutrality goal in 2050. As a result, the Ministry of Energy has launched the National Energy Plan to make energy policies in line with the goal. Among the plans for power generation include increasing the share of renewable energy and clean energy from new power plants to not less than 50%, promoting the use of electric vehicles (EV), and advancing power system technology to support decentralized power generation in the micro-grid system. Moreover, it plans to liberalize liquefied natural gas (LNG) market to ensure the power system security and the balance between LNG domestic supply and import, to be the LNG trading hub. For oil sector, the smooth transition management is required to create the balance between biofuel and EV users. For renewable energy and energy conservation, the production and use of renewable energy will be promoted in all sectors to increase energy efficiency.

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         EGAT Governor said that this MOU marks cooperation between Thailand and the United States of America. Thai organizations joining in the MOU comprise EGAT, a leading state-owned power utility under the Ministry of Energy in response to the policy by seeking for a new power generation technology with zero carbon emissions and developing it in Thailand; EGCO, an energy company in which EGAT is a major shareholder; and ATE Co., Ltd., an energy solutions provider in service installation, renewable energy, and green hydrogen solutions. The American company under the cooperation is Bloom Energy, a supplier of hydrogen power generation equipment, including Solid Oxide Fuel Cell (SOFC) and Solid Oxide Electrolyzer Cell (SOEC), lowering carbon emissions by making the power grid cleaner and more efficient. This cooperation will lead to new energy alternatives to develop power plants in Thailand and achieve the net-zero carbon goal, with a plan to expand the project to other countries in South East Asia in the Future.

         EGCO Group President said that the cooperation is a great opportunity for EGCO Group to seek investment opportunities in SOFC and SOEC technologies, new power generation solutions for Thailand and ASEAN. These interesting technologies are high-efficient, reliable, and competitive, and can replace the conventional combined-cycle system in the future. In addition, this cooperation meets its business direction, “Cleaner, Smarter and Stronger to Drive Sustainable Growth” to move towards carbon neutrality in 2050, in line with the global trend for a low-carbon society.

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         Bloom Energy’s Senior Advisor said that this collaboration would explore solutions to expedite Thailand’s energy transition to clean energy with the commercialization, deployment, and support of Bloom’s solid oxide fuel cells and electrolyzer technologies for integrated clean energy and hydrogen operations in Thailand. Realizing the urgent need to reduce carbon dioxide emissions around the world, Bloom Energy praised EGAT, ATE, and EGCO for their commitment to move to clean energy transition for the future and to bring reliable and clean energy to Thailand.

         ATE Managing Director said it is an honor for ATE to be a part of the MOU that brings Bloom Energy’s SOFC and SOEC to Thailand. ATE expects that these latest technologies will facilitate the power generation to meet the current sustainable environmental need under the cooperation with EGAT, a power generation leader of Thailand.

         Recently, EGAT has announced EGAT Carbon Neutrality in 2050 with more share of renewable energy and less use of fossil fuel. Amid the ongoing projects, EGAT has pushed ahead with the development of hydro-floating solar hybrid projects, the first of which at Sirindhorn Dam in Ubon Ratchathani had performed the opening ceremony. Also, EGAT plans to develop its power grid to support clean energy, reduce carbon use in the power sector, and carry out a One-Million-Rai Reforestation Project for 10 years.