Energy Absolute: Somphote Ahunai's Renewable Energy Venture Since 2006
Photo by Matthew Moloney on Unsplash
Somphote Ahunai established Energy Absolute in 2006, focusing on renewable energy before expanding into electric vehicles, which included opening a battery gigafactory in 2021. Energy Absolute delivered 2,264 EVs in 2023 and has a charging station network. In 2023, Energy Absolute's shares declined and in June 2024, Ahunai sold some pledged shares.
Key takeaways
- In 2006, former securities trader Somphote Ahunai founded Energy Absolute, a renewable energy company that went public in 2013
- Since then, Energy Absolute has strategically expanded into the electric vehicle (EV) sector
- Key initiatives include a $3 billion battery gigafactory, operational since 2021, and the manufacturing of electric vehicles, including cars and buses, through its subsidiaries
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