Post by account_disabled on Jan 3, 2024 0:43:22 GMT -5
Global battery industry trends The global battery industry continues to grow well. The government sector plays an important role in pushing for many countries have policies to promote the battery industry. There are 3 similar policies: 1. Policy to drive new demand (New demand-driven) 2. Policy to promote investment in the industry and its use through laws and regulations. (Regulation-driven) and 3. Promoting technology research and development. from the policy budget (Technical-driven) Battery demand trends in Thailand SCB EIC estimates that Thailand's battery demand will be no less than 36 GWh by 2030 from the promotion of electric vehicles and the production of electricity from renewable energy, from the.
Policy and from the National Electric Power WhatsApp Number List Development Plan (PDP 2018 Rev. .1) that has a plan to use batteries (BESS). SCB EIC estimates that the minimum demand for batteries for electric vehicles according to Thailand's policy may total not less than 34GWh in 2030 and for the manufacturing sector Electricity from Solar+BESS is not less than 2.76 GWh in 2030, representing a market value in 2030 of not less than 3,051 million US dollars. technology competition And the slowdown in costs will cause battery prices to continue falling. Costs from key minerals such as lithium and other battery components are likely to fall back to normal due to looser market conditions and oversupply. Combined with the development of batteries with higher Energy density (Wh/Kg) and lower operating costs (Opex), resulting in battery prices tending to decrease.
It is expected that battery prices will continue to fall, and in 2024 will drop approximately 21% to 121 USD/kWh. and is expected to continue to decrease by an average of approximately 12% per year during 2024-2027 to 83 USD/kWh. Falling battery prices boost demand for renewable electricity Future declines in battery prices will significantly increase demand for renewable electricity. And makes investing in electricity generation projects from Solar + BESS more interesting, with SCB EIC estimating the IRR at 11-15%. SCB EIC has assessed the worthiness of investing in electricity generation projects (Utility scale) for producing electricity from Solar + BESS according to PDP 2018 Rev.1 of Thailand. If the project starts in 2024 with investment in 2022-2023, there will be an IRR of 11-15% at D/E: 2.55 and the IRR tends to improve in line with costs. Solar PV and falling battery prices The groups suitable for installing a solar rooftop are still limited to those with high electricity consumption.
Policy and from the National Electric Power WhatsApp Number List Development Plan (PDP 2018 Rev. .1) that has a plan to use batteries (BESS). SCB EIC estimates that the minimum demand for batteries for electric vehicles according to Thailand's policy may total not less than 34GWh in 2030 and for the manufacturing sector Electricity from Solar+BESS is not less than 2.76 GWh in 2030, representing a market value in 2030 of not less than 3,051 million US dollars. technology competition And the slowdown in costs will cause battery prices to continue falling. Costs from key minerals such as lithium and other battery components are likely to fall back to normal due to looser market conditions and oversupply. Combined with the development of batteries with higher Energy density (Wh/Kg) and lower operating costs (Opex), resulting in battery prices tending to decrease.
It is expected that battery prices will continue to fall, and in 2024 will drop approximately 21% to 121 USD/kWh. and is expected to continue to decrease by an average of approximately 12% per year during 2024-2027 to 83 USD/kWh. Falling battery prices boost demand for renewable electricity Future declines in battery prices will significantly increase demand for renewable electricity. And makes investing in electricity generation projects from Solar + BESS more interesting, with SCB EIC estimating the IRR at 11-15%. SCB EIC has assessed the worthiness of investing in electricity generation projects (Utility scale) for producing electricity from Solar + BESS according to PDP 2018 Rev.1 of Thailand. If the project starts in 2024 with investment in 2022-2023, there will be an IRR of 11-15% at D/E: 2.55 and the IRR tends to improve in line with costs. Solar PV and falling battery prices The groups suitable for installing a solar rooftop are still limited to those with high electricity consumption.