B.Grimm Power Public Co., Ltd. | APEA - Asia Pacific Enterprise Awards Asia Pacific Enterprise Awards

INSPIRATIONAL BRAND CATEGORY

B.Grimm Power Public Co., Ltd.

Information about the Company & Brand
Established in 1878, B.Grimm first started by producing European modern medicines for Siam. Since then, it has grown from ventures into infrastructure projects like building the Rangsit irrigation canals of 1,500 km, to operating the first telegraph license and many other industrial and trading activities.

The company continued to diversify further and in the 1990s ventured into the energy sector with B.Grimm Power as its strong investing arm. B.Grimm Power went public in 2017, earning THB27 billion in revenue in its first year, with a gross profit of THB8 billion. B.Grimm Power has grown from its first greenfield industrial power plant in Amata City in Chonburi to one of Thailand’s fastest-growing industrial and renewable power producers.

Today, B.Grimm Power is one of the core businesses of B.Grimm which has operated in Thailand for 144 years. B.Grimm Power's vision is "Empowering the world compassionately" and its mission is to support business growth with quality and sustainability in social, economic and environmental aspects.

Brand Elements
B.Grimm Power is a world-class energy company aiming to fulfill the needs of its associates, business partners, and society at large. The company focuses on the development, financing, construction, and operation of greenfield power plants, and has successfully developed gas-fired electricity and steam-generating power plants, purchased additional projects, and will develop more in the future. B.Grimm Power is also working strenuously to expand its investment in renewable energy, including solar energy, hydropower, wind energy, and energy storage systems (ESS). Sustainable generation of electricity from clean energy under a long-term power sale agreement in Thailand and abroad has been at the forefront of B.Grimm Power’s business strategies.

B.Grimm Power is determined to achieve net-zero carbon emissions by 2050 in line with the company’s vision of “Empowering the world compassionately” which is based on the principles of generosity, creating value for society, and growing alongside Thailand. B.Grimm Power's entry into each country is marked by being friendly to the society, helping the society and the environment, and being part of the society. This will strengthen B.Grimm Power’s S-Curve, meaning which every country the company enters, it can expand and grow sustainably.
Inspiring Identity
At B.Grimm Power, sustainability is the core, and it reflects the company’s commitment to “Empowering the world compassionately” through sustainable business practices covering economic, environmental, and social dimensions underpinned by good governance principles. In doing all these, B.Grimm Power constantly applies world-class standards and procedures; growing in a sustainable way domestically and internationally; working as a team with ethics, good governance, unity, and professionalism; creating desirable value for stakeholders and society; and being environmentally responsible and caring for the community.

Achievements & Impact
B.Grimm Power’s vision of “Empowering the world compassionately” has seen the company accelerate its expansion into renewable energy with investments in solar, wind, and hydropower energy projects. Along with its decarbonization initiatives, impeccable safety record, and support of human rights across its value chain, B.Grimm is the rare example of a company that matches its words with deeds.

Today, B.Grimm Power is one of the largest private power producers in Thailand, with 9 additional projects secured in 2021, totaling a further production of 606 MW. Three new countries (Poland, Malaysia, and South Korea) have been added to the portfolio, and the year-end saw a total operating capacity growth of 6.4% to 3,254 MW with a Power Purchasing Agreement (PPA) portfolio of 4,015 MW.

B.Grimm Power’s goal is to reach 7,200 MW in 2025 and 10,000 MW in 2030 all while pursuing net-zero carbon emissions by 2050. The company’s long-running partnerships are with Amata Corporation, BIP Industrial Park, WHA Chonburi 1 Industrial Estate, TTVN (Vietnam), and Korean Midland Power, while its new partnerships include Lisa Vento (Poland), reNIKOLA (Malaysia), Univentures (Thailand), Asia Industrial Estate, PTTLNG, Singha Estate, and Siam Cement Group.

Future Direction
B.Grimm Power aims to empower the world compassionately as a Utility Solution Provider with net-zero carbon emission in 2050. The five capabilities which are essential to B.Grimm Power winning the future are 1) the capability to find attractive opportunities; 2) the capability to be an attractive partner of choice; 3) the capability to build, operate and maintain starting from greenfield; 4) the capability to finance the company’s growth at attractive rates; and 5) the capability to embrace digital transformation. B.Grimm Power has a strong foothold across priority locations and business areas from which to expand its business, supported by excellent partners. The strategic initiatives of B.Grimm Power will empower the company to be a leading Utility Solution Provider.

INSPIRATIONAL BRAND CATEGORY

B.Grimm Power Public Co., Ltd.

Information about the Company & Brand
Established in 1878, B.Grimm first started by producing European modern medicines for Siam. Since then, it has grown from ventures into infrastructure projects like building the Rangsit irrigation canals of 1,500 km, to operating the first telegraph license and many other industrial and trading activities.

The company continued to diversify further and in the 1990s ventured into the energy sector with B.Grimm Power as its strong investing arm. B.Grimm Power went public in 2017, earning THB27 billion in revenue in its first year, with a gross profit of THB8 billion. B.Grimm Power has grown from its first greenfield industrial power plant in Amata City in Chonburi to one of Thailand’s fastest-growing industrial and renewable power producers.

Today, B.Grimm Power is one of the core businesses of B.Grimm which has operated in Thailand for 144 years. B.Grimm Power's vision is "Empowering the world compassionately" and its mission is to support business growth with quality and sustainability in social, economic and environmental aspects.

Brand Elements
B.Grimm Power is a world-class energy company aiming to fulfill the needs of its associates, business partners, and society at large. The company focuses on the development, financing, construction, and operation of greenfield power plants, and has successfully developed gas-fired electricity and steam-generating power plants, purchased additional projects, and will develop more in the future. B.Grimm Power is also working strenuously to expand its investment in renewable energy, including solar energy, hydropower, wind energy, and energy storage systems (ESS). Sustainable generation of electricity from clean energy under a long-term power sale agreement in Thailand and abroad has been at the forefront of B.Grimm Power’s business strategies.

B.Grimm Power is determined to achieve net-zero carbon emissions by 2050 in line with the company’s vision of “Empowering the world compassionately” which is based on the principles of generosity, creating value for society, and growing alongside Thailand. B.Grimm Power's entry into each country is marked by being friendly to the society, helping the society and the environment, and being part of the society. This will strengthen B.Grimm Power’s S-Curve, meaning which every country the company enters, it can expand and grow sustainably.
Inspiring Identity
At B.Grimm Power, sustainability is the core, and it reflects the company’s commitment to “Empowering the world compassionately” through sustainable business practices covering economic, environmental, and social dimensions underpinned by good governance principles. In doing all these, B.Grimm Power constantly applies world-class standards and procedures; growing in a sustainable way domestically and internationally; working as a team with ethics, good governance, unity, and professionalism; creating desirable value for stakeholders and society; and being environmentally responsible and caring for the community.

Achievements & Impact
B.Grimm Power’s vision of “Empowering the world compassionately” has seen the company accelerate its expansion into renewable energy with investments in solar, wind, and hydropower energy projects. Along with its decarbonization initiatives, impeccable safety record, and support of human rights across its value chain, B.Grimm is the rare example of a company that matches its words with deeds.

Today, B.Grimm Power is one of the largest private power producers in Thailand, with 9 additional projects secured in 2021, totaling a further production of 606 MW. Three new countries (Poland, Malaysia, and South Korea) have been added to the portfolio, and the year-end saw a total operating capacity growth of 6.4% to 3,254 MW with a Power Purchasing Agreement (PPA) portfolio of 4,015 MW.

B.Grimm Power’s goal is to reach 7,200 MW in 2025 and 10,000 MW in 2030 all while pursuing net-zero carbon emissions by 2050. The company’s long-running partnerships are with Amata Corporation, BIP Industrial Park, WHA Chonburi 1 Industrial Estate, TTVN (Vietnam), and Korean Midland Power, while its new partnerships include Lisa Vento (Poland), reNIKOLA (Malaysia), Univentures (Thailand), Asia Industrial Estate, PTTLNG, Singha Estate, and Siam Cement Group.

Future Direction
B.Grimm Power aims to empower the world compassionately as a Utility Solution Provider with net-zero carbon emission in 2050. The five capabilities which are essential to B.Grimm Power winning the future are 1) the capability to find attractive opportunities; 2) the capability to be an attractive partner of choice; 3) the capability to build, operate and maintain starting from greenfield; 4) the capability to finance the company’s growth at attractive rates; and 5) the capability to embrace digital transformation. B.Grimm Power has a strong foothold across priority locations and business areas from which to expand its business, supported by excellent partners. The strategic initiatives of B.Grimm Power will empower the company to be a leading Utility Solution Provider.