Hermes Cooperation Co, a developer of industrial estates, is embarking on a new venture to explore the potential of green hydrogen-derived electricity in Chon Buri, Thailand.
This initiative, in collaboration with a US partner, aims to support tech companies investing in data centres and cloud services.
Hermes Cooperation, a subsidiary of auto parts manufacturer SNC Former Plc, is set to conduct a feasibility study for a green hydrogen-based power plant. The project, part of a broader 2.8-billion-baht industrial complex development, is expected to generate 200 megawatts of electricity from green hydrogen. This initiative is seen as a response to the Thai government’s push for renewable energy to attract major tech firms such as Google and Microsoft.
Green hydrogen is produced through electrolysis, using electricity from renewable sources to split water into hydrogen and oxygen. This process is crucial for decarbonizing sectors that are challenging to electrify directly. The green hydrogen produced by Hermes is intended to power data centres and other high-energy tech investments, addressing the increasing demand for sustainable energy solutions.
Hermes Cooperation’s strategy aligns with global trends towards clean energy, particularly in the context of growing data centre and cloud service investments. The Thai government’s incentives for tech firms to expand operations in Thailand have created a significant market for renewable energy solutions. Hermes’ project aims to leverage this opportunity by providing a green hydrogen supply for these businesses.
