Ponix joins forces to install solar rooftop systems at Caltex fuel service stations to promote adoption of solar energy

Economy News Friday July 12, 2024 13:22 —PRESS RELEASE LOCAL

Ponix joins forces to install solar rooftop systems at Caltex fuel service stations to promote adoption of solar energy

Ponix, leader of clean energy for the new generation and comprehensive solar cell system solution provider, has partnered with Caltex, by SPRC subsidiary, Star Fuels Marketing Limited (SFL), the exclusive licensee of Caltex fuels in Thailand, to allocate station areas to install solar rooftops at Caltex fuel service stations in support of efficient use of renewable energy by using solar energy at service stations. Ponix has installed solar rooftop at 4 Caltex fuel service stations and plans to increase to 50 stations nationwide in 2025. The installations are expected to help saving electricity costs by 50% per station.

Pongsakorn Narkvichian, Chief Executive Officer of Ponix Company Limited revealed "Currently, alternative energy development and utilization have become a trend that has received a lot of attention worldwide not only in terms of its contribution to environmental conservation but also to energy security promotion. Solar energy has been one of the fastest growing forms of alternative energy over the past decade. In Thailand, solar cell market has continuously posted a high growth rate. In addition, the government promotes solar cell installations to generate electricity for household usage. At the same time, the industrial sector has also been encouraged to increase installations of solar panels to reduce energy costs and help lower greenhouse gas emissions. As a result, the solar cell market in Thailand has experienced continuous growth of 22% on average per year, which will amount to more than 67.268 billion Thai Baht in 2025. Our initiative aims to support the Thai government's goal to achieve carbon neutrality in 2050 and net zero greenhouse gas emission in 2065."

"Ponix, the leader of clean energy for the new generation, recognizes the opportunity to support Goal 7 of UN's Sustainable Development Goals (SDGs) which is to ensure access to affordable, reliable, sustainable, and modern energy for all as well as to reinforce our commitment in growing our clean energy business with an emphasis on solar rooftops. Therefore, Ponix has partnered with Caltex to allocate station areas to install solar rooftop systems at Caltex service stations. The installations are targeted to help reduce operating costs of stations and can lead to electricity savings estimated at 73,000 kWh per station per year. This partnership is considered an important collaboration to fulfill the business interests of both parties by leveraging strengths, competency, and expertise from both parties to enhance business opportunity while supporting energy efficiency."

"We possess both the experience and expertise in the field of solar system solutions comprehensive from design, installation to maintenance. Most importantly, we have chosen international leading brands renowned for their reliability, effectiveness and safety such as Jinko Solar, leading brand of solar cell panels, and SolarEdge, inverter brand for solar cell system, to ensure our customers are provided with quality equipment meeting international standards."

"Recently, we have already installed solar rooftop systems at 4 Caltex fuel service stations namely Caltex Station located in (i) Wang Chan, Rayong, (ii) Plangyao, Chachoengsao, (iii) Bang Pa-In, and (iv) Wang Noi, Ayutthaya. We plan to expand our installation of solar rooftop systems to 50 stations nationwide within 2025, which is expected to help save electricity costs by 50% per station", added Pongsakorn.

Sompratana Chermsirivatana, Vice President, Retail Business Development, Star Fuels Marketing Limited (SFL) said "In addition to strategically driving the expansion of our fuel service station network to enhance its growth, we strive to leverage our resources to minimize environmental impacts in our operations by looking for ways to increase efficiency in energy management. Therefore, we are proud to partner with Ponix for the solar rooftop system installations at Caltex fuel service stations. Solar energy is one of the key alternative energies that can promote effective power usage and help reduce electricity consumption."

"The company strives to increase potency and efficiency in providing services to customers to meet their satisfaction. We are also committed to driving growth through continued investment in high-quality fuel products and services, conducting marketing efforts with various partners, and enhancing robust expansion plans for our fuel service station network and non-oil businesses to cover broader areas throughout the country", concluded Sompratana.

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