INNOPOWER enters REC trading business to promote full-scale green energy market
9 May 2022INNOPOWER Company Limited gets ready to enter Renewable Energy Certificate (REC) trading business to promote Thailand’s green energy market, a step towards carbon neutrality goal.
Mr. Athip Tantivorawong, Chief Executive Officer of INNOPOWER Company Limited announced the readiness to enter green energy market by launching a service of REC sale and purchase, which complies with the national direction and global trend and drives Thailand towards carbon neutrality achievement.
REC is one of the mechanisms that promote the development of production and use of electricity generated from renewable energy. INNOPOWER provides one-stop service of renewable energy device registration, issuing request, and REC trading to increase income for power producers of renewable energy and provide convenience for companies that run their businesses with the concept of Environmental, Social, and Governance (ESG) to achieve the goal of clean energy use in compliance with international standards. With a cooperation between EGAT and EGAT Group, the independent power producers of renewable energy in Thailand, INNOPOWER has been supported to develop REC trading business that meets every demand of electricity users. It is expected that the company will be able to provide REC trading service of more than 1 million RECs within this year. (For more information, please contact https://rexapp.io/ and info@innopower.co.th.)
INNOPOWER aims to operate energy innovation and technology business with a focus on domestic and international investment or venture capital, venture building, and business partnership to enhance capability of creating values from an emerging business and promote the growth of energy and technology industries in Thailand. The company is pleased to welcome business partners to drive Thailand towards an innovative country together.
About INNOPOWER Co., Ltd.
INNOPOWER Company Limited is an energy innovation company. Its ownership structure is composed of Electricity Generating Authority of Thailand (EGAT), RATCH Group Public Company Limited (RATCH), and Electricity Generating Public Company Limited (EGCO) with the portion of 40%, 30%, and 30% stakes respectively, and with the total investment budget of 2,960 million Baht. For those interested to be business partners, please contact info@innopower.co.th.