Why is it important
The global sector is currently facing of natural gas prices volatile and energy transition challenges from conventional to clean energy, leading to changes in customers’ requirements as well as competitive landscapes. B.Grimm Power recognises the importance of readiness in addressing these challenges through identifying innovations and digital technology to enhance organisational potential across all operations, alongside the development of systems and infrastructure that align with the digital era. We leverage collaboration with partners to develop products and services that meet the customer needs while fulfilling our role in the global community achieving our Net Zero Carbon Emissions goal. This demonstrates our resilience, agility, and the efficacy of achieving long-term growth.
Target and Performance
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2023 |
2023 - 2030 Target |
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| Innovation | Renewable Energy Certificate (REC) | Develop a digital platform, new tools, and business models to support energy transition towards the Net Zero Carbon Emissions for the industrial sector |
| Allow opportunities for university students in technology and innovation fields in Thailand to participate in the B.Grimm Pioneering Runway 2023 programme | Support innovation creation and startup ecosystems, including collaboration with universities in Thailand and overseas | |
| B.Grimm Pioneering Runway 2023 programme in collaboration with world-class business partners; Global Innovation Catalyst (GIC) | Collaborate with domestic and international partnersfor the innovation incubation project both inside and outside of the organisation | |
| Digitalisation | Data Hub and Data Governance Projects to promote data-driven business | Prepare for the transformation into a data-driven organisation |
Management and Strategy
Commitment
B.Grimm Power is committed to developing energy solutions and relevant businesses to improve energy management in a sustainable approach for industrial users, industrial estates, and large corporations. We provide a reliable energy management services and distribute the electricity in affordable prices, while striving on the development of new businesses that support growth of the energy business. This leads to the emergence of New S-curve businesses in alignment with our GreenLeap – Global and Green strategy, enhancing the effectiveness of business procedures throughout the entire value chain, from energy sourcing, electricity generation to distribution of electric current to customers.
Meanwhile, we are also committed to preparing ourselves towards the digital era (digital transformation), by applying technology to our business process improvement, advocate inter-departmental work effectiveness and cost effectiveness, leading to creation of business and value creation in the long run, through platform development, database system, together with the monitoring of cyber security in accordance with the international standards.
Governance Structure
Innovation
The Innovation Studio has been established to work in collaboration with different business units as well as B.Grimm Power’s System Planning and Energy Solution Business since 2022, under the investment, innovation and sustainability division that reports directly to the Senior Executive Vice President – Investment, Innovation and Sustainability, the business division in Thailand and Malaysia, and the Innovation Committee. The Innovation Studio’s mission is to encourage, promote and support the initiation and execution of new innovation projects within B.Grimm Power and subsidiaries through various types of endeavours such as Project Portfolio Management, Technology Roadmap and Foresight, External Partnership and Ecosystem Management, Accelerator Programme, Innovation Culture and Innovation Investment Supports, in order to foster a holistic execution in development and management of innovation projects, enhance growth and competitive advantages of the organisation by reporting the operating results to the Management Committee twice a year and reporting annually to the Corporate Governance and Sustainability Committee.
Digitaisation
The B.GRIMM Digital division was established and since 2023 it has taken part in a holistic digital management initiatives, with the roles and duties that cover digital operations, digital transformation, digital governance and cyber security, as well as software development or incorporation of digital technology to apply to power plants in a suitable manner. B.GRIMM Digital is responsible for taking care of the infrastructure, encouraging organisational growth and pushing for the supervision of cyber security to be of the highest effectiveness, through collaboration with B.Grimm Power’s Innovation Centre. In this regard, B.GRIMM Digital regularly reports progress and strategic plans to align with the organisation’s key goals, together with the Digital Committee, consisting of B.Grimm’s top executives, Executive Vice President, power plants’ management teams and executives in the financial operations.
Strategy
 Innovation |
Industrial SolutionsWe are committed to developing the innovative solutions to deliver services to industrial customers as follows: Distributed Generation:The power grid that analyses and manages efficiency linked to the solar rooftop, electric vehicles, smart meters, and battery storage system. Energy Management Solutions:Development of organisational capability to provide services that cater to customers’ Net Zero target, as well as to create new supporting services and energy efficiency management services. Renewable Energy OfferingsDeveloping the tailored solution, with an emphasis on electrification and pursuit of of Net Zero target. |
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Strive for development of innovations to scale up current businessesby developing the systems for energy management from multiple sources, for power generation efficiency improvement, and for energy trading management from grids to allow customers for uninterrupted consumption of power, steam, and renewable energy. |
Expand current businesses and energy-related businessesby elevating business collaboration with alliances at the national and international levels for the electricity industry. |
Establish, develop and expand the business in new approachesbeyond the current energy business, through investment with potential partners with digital and innovation calibre and proficiency. |
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 Digitalisation |
Promote innovation in the organisation’s business processes .
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Performance 2023
Investment in the Energy Management System (EMS)
a technological system that complements the Smart Grid (the electric system that operates and responds smartly and effectively), whereby EMS performs real-time tracking of grid actual energy usage and optimises multi-source energy distribution to customers, as well as helps plan the grid expansion in an effective manner, in collaboration with Schneider Electric and Yokogawa Electric Corporation.
Development of the Digital Twins System
a power plant management system that applies to combined cycle co-generation power plants, which represent the main sources of electric power in the Smart Grid through collaboration with leading partners. The objectives are
1) To evaluate the cost-effectiveness and overall efficiency of electricity generation
2) To enable predictive maintenance activities by analysing the data to notify machinery’s health and operating time in advanced and
3) To collect and organise the data on production and operations related to work procedures that require accuracy and effectiveness.
There are 3 major systems; AI Health Monitoring, Continuous Performance Optimisation (CPO), and the Common Plant Information Management System (PI) (for more information please refer to “Operational Excellence and Customer Relationship Management”).
Utilisation of the Advance Distributed Management System (ADMS)
The system is for industrial estate customers to manage multi-sources electricity generation, controlling the electricity transmission and distribution systems, whereby the system serves as a crucial component enabling comprehensive commanding, controlling, and managing data from several energy sources. The system consists of the hardware that collects the data, and the software that connects all systems of the energy sources with communication system (Supervisory Control and Data Acquisition Remote Terminal Units: SCADA RTU) together. It is capable of analysing, simulating the situation on the actual system, and forecasting the potential impact. The system also supports energy trading in preparation for the launch of the Third-Party Access (TPA) in the future.
Rooftop Solar Energy Service
Provision by using the Distributed Energy Resource Management System (DERMS) to accommodate customers’ requirements in the installation of rooftop solar PV and manage system reliability for industrial customers.
Presentation of the Renewable Energy Certificates (RECs)
to foster increased demand for renewable energy and reinforce investments in Thailand's energy sector, while also aiming to reduce indirect GHG emissions from energy consumption (Scope 2) for customers. The RECs are derived from major renewable energy sources such as solar, wind, hydro and biomass energy. These certificates meet international standard by the I-Track Foundation (I-REC (E)) and endorsed by the Electricity Generating Authority of Thailand, whereby the electricity of 1 MWh is equivalent to 1 REC. In the previous year, the RECs were distributed to our customers in 20 organisations.
Promotion of a Digital-age Corporate Culture through “B.Grimm Pioneering Runway 2023” Programme
an innovation and new business development course held in collaboration with Global Innovation Catalyst (GIC) since 2022, aimed at encouraging the innovation ecosystem in connecting the startups from young generations with the energy industry, by developing human resources from bringing together a group of internal and external participants, including within, business partners, and technology and innovation students from leading universities in Thailand with the interest and technological competency, data management and analysis, and innovation to learn the thought process, working procedures to cope with changes, as well as be enthusiastic in learning new things to develop the solutions, both in terms of business operations skills in the new era, business model design and successful execution. There were 11 projects being proposed for the business initiatives that are strategically connected to B.Grimm Power’s business.
Applied technology to Improve work procedures and organisational management (Digital Transformation), with the following key projects
Development of the Data Hub platform
to connect and gather data from different sources to be available for use in a systematic method, and presented in the forms of report and dashboards, which help reduce data collection procedures from different departments. It also serves as the data management tool for analysis and evaluation, enabling business decision-making in a timely manner both at the operational and managerial levels. In this regard, the execution of the Data Hub and Data Governance or identification of rights, duties, and responsibilities in data management, as well as data classification, data cleansing and data warehouse to ensure the quality of data, security and personal data protection. The pilot project has been executed, covering core departments, for instance, Investor Relations, Transmission and Distribution System Engineering, and Customer Service and Solution. In 2024, the plan is to expand to other departments such as Purchasing, Finance and Power Plant Technical Support, with the objectives of implementing the platform throughout the entire organisation. Moreover, the Data Hub is part of the preparation towards being the data-driven organisation by developing the Big Data platform to drive the organisation in the future.
Enterprise Resource Planning (ERP) platform
a platform that helps with planning and managing activities in the organisation in an effective and systematic manner. B.Grimm Power has been using the Oracle EBS together with the cloud system to develop the financial and procurement systems since 2022. The focus in the past year was on data collection and continuous reviews to develop and improve the system to enhance work operations in a more effective manner. Previously, the system was mainly used only in accounting, leading to the connection of the database among accounting, procurement and supplier management, which enhances inter-departmental work effectiveness and reduces administrative expenses. Following the system's deployment, there have been monitoring activities, data collection and consideration on a continuous basis to improve the system for enhanced effectiveness. In 2024, we planned to upgrade the Financial Consolidation and Close System (FCCS).
Improvement and application of the information system for organisational management that covers digital operations, with key projects in 2023 as follows:
