BCPG, a leading renewable energy company in Thailand and Asia-Pacific, is expanding its business into utility-scale energy storage with the investment of 24 million USD in VRB Energy, a global leader in vanadium flow battery technology and manufacturing. This strategic partnership paves a strong pathway for BCPG to fulfil its ambition to be at the forefront of the utility-scale renewable energy and energy storage business.
The investment is expected to fuel the expansion of VRB Energy’s production facilities to serve the rapidly growing demand of its VRB-ESS® systems in China and meet the rapidly developing energy storage market in Thailand and across the Asia-Pacific region.
The VRB-ESS® developed by VRB Energy is one of the most cost-efficient and longest lifecycle energy storage systems, which can integrate with clean power plants to ensure stability and reliability of renewable energy sources. The technology is a catalyst for the future of renewable energy – decentralized generation, virtual power plants, and smart grids.
The partnership between BCPG and VRB Energy is emblematic of the green energy revolution worldwide where energy storage is the key enabler to a shift from fossil-based to renewable energy generation.
“BCPG is a leader in Asia’s green energy revolution, and this investment reinforces our belief that VRB’s game-changing technology will be a catalyst for integration of massive amounts of renewable energy around the region”, said Mr. Robert Friedland, Chairman of VRB Energy.