For the better management of solar power, the Electricity Generating Authority of Thailand (EGAT) has developed the first platform for the exchange of electric power in collaboration with Kasikornbank (Kbank) and Kasikorn Business-Technology Group.
The application called – Punfai application will enable the management of power generated from solar panels that will allow users to share their surplus electricity for a good return and facilitate reduction in the electricity cost.
As per the statement, the project is expected to start the trial in the third quarter. This application will facilitate shorter payback period and help in the maximum usage of generated electricity.
EGAT states that it plays a major role in implementing strategies to support Thailand’s commitment to achieve carbon neutrality by 2050 and net-zero emissions by 2065 through increasing the renewable energy share in the generation mix and the development of new technologies to so support the generation.
Earlier this month, EGAT signed a memorandum of understanding (MOU) with the Shell Company of Thailand for the development of clean energy technologies including carbon capture utilisation and storage (CCUS). This co-operation will also include the study on the use of hydrogen and ammonia as alternative fuels for electricity generation.