Bangchak Group Partners KX - Knowledge Xchange to Accelerate Startups to Drive Future Energy Innovation through TECHBITE ENERGY

Mr. Chaiwat Kovavisarach, Group Chief Executive Officer and President of Bangchak Corporation Public Company Limited and Bangchak Group executives, joined Dr. Keita Ono, Senior Vice President, Innovation and Business Ecosystem Development at King Mongkut's University of Technology Thonburi (KMUTT) - KX Knowledge Xchange, in welcoming ten startup teams in the energy and sustainability space. These teams officially kicked off their journey to co-create innovations for the future of energy at the launch event of "TECHBITE ENERGY by Bangchak Group & KX," held at Bangchak Head Office, M Tower.

TECHBITE ENERGY by Bangchak Group & KX is a startup incubation program in the energy and sustainability fields, initiated through a collaboration between Bangchak Group and KX Knowledge Xchange. The program aims to co-develop an energy innovation ecosystem, build a platform for clean energy and low-carbon economy solutions, and support startups in refining ideas with expert guidance, conducting field pilots, and scaling towards real-world applications. Bangchak Green Miles members at no cost. Members can simply redeem their accumulated points to enjoy this special experience with Bangchak."

n his remarks to the participating startups, Mr. Chaiwat shared, "Being a startup is just the beginning. What truly matters is having the courage to think differently, to try, to take action, and to not be afraid of failure - because every failure is a valuable lesson and experience."

He emphasized that true innovation does not always require cutting-edge technology. What matters more is the ability to develop competitive, scalable solutions that meet real-world needs. He further noted that focusing on quick-win applications without sustainable direction may yield only short-lived outcomes. Instead, startups should concentrate on solving real problems, making the most of available technologies, and most importantly, scaling up and commercializing in a way that drives genuine growth. That is the true definition of success.

Mrs. Narupan Suthamkasem, Senior Executive Vice President, Corporate Strategy and Business Development, Bangchak Group stated, "The TECHBITE ENERGY by Bangchak Group & KX initiative serves as a vital platform for discovering and nurturing clean energy innovations, while promoting a low-carbon economy within the industrial sector. It supports the growth of new energy and sustainability ventures, aligning with Bangchak Group's strategic focus on five core technology areas, namely: 1. Renewable Energy & Storage; 2. Carbon Capture & Utilization; 3. Alternative Energy - Green Mobility & e-Fuels; 4. Sustainable Materials & Circular Economy; and 5. Digital Transformation for Sustainability

KX - Knowledge Xchange aims to strengthen the innovation ecosystem by bridging deep technology, knowledge, and business opportunities, empowering Thai startups to compete on regional and global stages.

Follow updates on TECHBITE ENERGY at: https://www.facebook.com/TECHBITEIncubator

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