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Banpu Plc has acquired the Megamouth Battery Energy Storage System project in Texas, marking its entry into the US battery energy storage market. The acquisition, valued at $4 million, was completed through Banpu Power US Corporation, a wholly owned subsidiary.

The project will have an installed capacity of 100 megawatts and an energy storage capacity of 200 megawatt-hours. Construction is set to begin in Q3 2025, with commercial operations expected to start in Q4 2027.

The total estimated investment for the project is $90 million. This acquisition supports Banpu's strategy to expand into lower-carbon power assets and aligns with its