Delta, expanding their horizons
Delta Electronics Thailand is a maker and distributor of power management solutions and electronic components. The company is currently undergoing studies in the feasibility of an energy storage business in response to the global popularity of electric energy. Storage of which comes with it, hand in hand.
It has been confirmed that Delta will team up with the PTT Group and the Electricity Generating Authority of Thailand (EGAT) to invest in energy storage in future.
“Our feasibility study is for the energy storage business and the future market, both locally and overseas,” Kittisak Ngoenngokngam, business director for Southeast Asia, said.
“Delta expects this collaboration to be concluded soon.”
Mr Kittisak said that ‘Delta will install trial energy storage of 500 kilowatt-hours at its plant in the Bangpoo Industrial Estate in the third quarter’.
He further said that ‘energy storage will be included in Delta’s business segment of infrastructure together with its solar-panel inverter and charging station for electric vehicles (EVs)’.
Delta has recently provided a 2MW solar rooftop at the Bang Poo plant which supplies ‘quick charges of 25-50 kilowatts (KW)’.
Hsieh Shen-yen, Delta’s president, said that the renewable energy business and energy-saving solutions are a growing global trend. Delta is continuously searching for new opportunities to grow and invest in those business, mainly in the form of mergers and acquisitions in order to keep up with the public demand.
Delta expects 2018 revenue growth of 10% to 50 billion baht, thanks to demand growth for products globally, especially in Asean and India.
Last year, the company posted revenue of 49.3 billion baht, up 5.1%, though net profit fell by 10.6% to 4.9 billion baht.