Hyperdrive
Energy Absolute Plots Asian Project Rivaling Musk's Gigafactory
- Company mulling locations for lithium-ion battery factory
- Investment in the project could reach 100 billion baht
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A little-known company from Thailand with grand ambitions in clean energy wants to take on Tesla Inc. at its own game.
Energy Absolute Pcl, which has morphed in recent years from a producer of biodiesel to Thailand’s leading renewable energy company, is eyeing a major push into energy storage with plans to develop a factory somewhere in Asia that would rival Tesla’s Gigafactory in both size and scope.