Energy Absolute's EA Anywhere build 1000 EV stations

Thailand's Energy Absolute Plc announces plans for 1,000 electric vehicle charging stations. The renewable energy company, set up in 2006, is preparing an investment of 600 million baht (US$18 million) to build a vast infrastructure under the EA Anywhere brand by the end of 2018 to accelerate the electric car facility.

Tinuku Energy Absolute's EA Anywhere build 1000 EV stations

Energy Absolute has debuted EA Anywhere in a free charging service at two shopping centers in Bangkok. The company will expand its stations evenly across the country until 2018. Energy Absolute listed on the Thailand Stock Exchange in 2008 also produces biodiesel fuel.

The company made a net profit of 3.2 billion baht on sales of 10.4 billion baht for the year ending in December and is now diversifying into markets related to electric vehicles. The Thai government has determined at least 1.2 million electric vehicles by 2036.

Thailand has only about 30 electric vehicle charging stations in March. Six of them are operated by an oil and gas company PTT which also plans to build 20 stations this year. German car maker BMW also plans to open 50 stations.

Energy Absolute said the project will be conducted through a subsidiary of Energy Mahanakorn Co. (EMN). Energy Absolute CEO Sompote Ahunai said EMN also signed a memorandum of understanding with the Metropolitan Electricity Authority to coordinate and facilitate the EA Anywhere project.

Ahunai said charging stations have been designed for EVs technology of plug-in hybrid and EVs batteries. The company expects that charging stations are available throughout Thailand within the next two years. The filling rate is expected to match the price of electricity approved by the Energy Regulatory Commission.

Energy Absolute is also preparing to develop Thailand's largest wind power plant in Chaiyaphum, Hanuman Wind Farm, with a total capacity of 126 megawatts and developing a lithium battery production facility.