Fluence Signed an MOU with EGAT to Develop Thailand Energy Storage Market, Expand Footprint in Asia
BANGKOK, Thailand, Dec. 14, 2022 (GLOBE NEWSWIRE) –
Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global provider of energy storage products and services, and cloud-based software for renewables and storage, has partnered with the Electricity Generating Authority of Thailand (EGAT) in a memorandum of understanding aimed at developing the battery-based energy storage market in Thailand.
This collaboration signifies a major step forward in Thailand’s efforts to embrace renewable energy sources and enhance the efficiency and reliability of its power grid. By leveraging Fluence’s cutting-edge technology and EGAT’s expertise in the energy sector, the two organizations are poised to drive innovation and sustainability in the Thai energy landscape.
The partnership between Fluence and EGAT is expected to pave the way for the adoption of advanced energy storage solutions in Thailand, which will help optimize the integration of renewable energy sources such as solar and wind power. This, in turn, will reduce the country’s reliance on traditional fossil fuels and contribute to a greener, more sustainable future.
Impact on Individuals:
As a consumer of energy in Thailand, this partnership between Fluence and EGAT could potentially lead to more reliable and cost-effective electricity services for you. With the development of the battery-based energy storage market, you may benefit from increased energy efficiency, reduced carbon emissions, and a more resilient power grid.
Impact on the World:
The collaboration between Fluence and EGAT to develop Thailand’s energy storage market has broader implications for the global energy landscape. By demonstrating the viability of advanced energy storage solutions, this partnership could inspire other countries to accelerate their transition to clean and sustainable energy sources, leading to a more environmentally friendly and resilient global energy system.
Conclusion:
The memorandum of understanding between Fluence and EGAT marks a significant milestone in the journey towards a more sustainable and efficient energy future for Thailand. Through innovation, collaboration, and a shared commitment to renewable energy, this partnership has the potential to not only transform the Thai energy market but also inspire positive change on a global scale.
