Thai energy company Ratch Group said it has agreed to partner with US-based Evlomo Technologies to establish a smart electric vehicle (EV) charging network and energy storage business in the US.
Thailand’s state-owned Electricity Generating Authority (Egat) is the largest shareholder of Ratch, which is listed on the Bangkok Stock Exchange, holding a 45% stake and primarily used as a primary vehicle for overseas expansion of alternative energy projects. doing.
Evlomo CEO Nicole Siyao Wu said the two companies will jointly invest US$100 million to jointly develop “an ultra-fast DC charging network in regions previously unsuitable for ultra-fast DC charging.” “It is in line with our mission to promote more renewable energy,” he said. Adaptable, responsive, predictable, reliable and smart, she’s energy percolating through her resources on the grid.
Evlomo recently signed a memorandum of understanding with Thailand’s PTT Oil, Retail Business and Toyota Tsusho (Thailand) to develop battery charging and replacement services for electric motorcycles in Thailand and boost the demand for electric two-wheelers in the country. Did.