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Stewards of Compassion: Growing a Business Through Compassion (Sponsored Content) · Bloomberg Intelligence

• 0:02
  Speaker 1: Hello. Since you're a subscriber to this Bloomberg podcast, we
• 0:06
  Speaker 1: thought you'd be interested in a sponsored podcast called Stewards
• 0:10
  Speaker 1: of Compassion. Produced by BGRIM and Bloomberg Media Studios, it
• 0:15
  Speaker 1: explores how trust, partnerships, and long-term thinking are shaping renewable
• 0:20
  Speaker 1: energy growth around the world. We hope you enjoy this episode.
• 0:30
  Speaker 1: Begrim is Thailand's oldest established company. In 2028, it will
• 0:34
  Speaker 1: mark 150 years. In this episode of Stewards of Compassion,
• 0:40
  Speaker 1: we follow Begrim's expansion in renewable energy from Thailand to
• 0:44
  Speaker 1: South Korea and the United States. The Stewards of Compassion.
• 0:53
  Speaker 1: Let's hear from Dr. Harold Link, Chairman of Begrim. He
• 0:57
  Speaker 1: leads the company's long-term direction and speaks here about the
• 1:01
  Speaker 1: wider vision behind its expansion.
• 1:03
  Speaker 2: It doesn't come by Bikram showing up in Korea and
• 1:07
  Speaker 2: go to somebody and say, let's do that together. No,
• 1:11
  Speaker 2: everything has a story behind it.
• 1:16
  Speaker 1: The company's entry into the Korean market actually starts in Thailand.
• 1:20
  Speaker 1: In 2018, Begrim was selected by the Royal Thai Navy
• 1:24
  Speaker 1: as the operator for power plants and a cooling water
• 1:27
  Speaker 1: project at Utapau Airport. That opened the door to work
• 1:31
  Speaker 1: with Korean partners on battery technology and led to a
• 1:34
  Speaker 1: relationship that later grew in South Korea. South Korea is
• 1:40
  Speaker 1: one of Asia's most competitive renewable energy markets, home to
• 1:44
  Speaker 1: some of the world's largest industrial and technology companies. For
• 1:49
  Speaker 1: a Thai company, Building a successful renewable energy business there
• 1:53
  Speaker 1: represents an important milestone in its international growth. Now let's
• 2:00
  Speaker 1: hear from Piradej Patanachan, President of the Renewable Energy Business
• 2:04
  Speaker 1: at BGRIM. He oversees renewable energy development outside Thailand and Malaysia.
• 2:10
  Speaker 3: During the pandemic, everything got more difficult to do. I
• 2:14
  Speaker 3: could not come back, so I stayed in South Korea
• 2:16
  Speaker 3: quite long during that year.
• 2:18
  Speaker 1: Despite the challenges, Begrim invested in the Siamangum Sebit Power
• 2:23
  Speaker 1: solar plant, which has an installed capacity of 99 megawatts.
• 2:27
  Speaker 1: The investment went through in 2021, and the plant has
• 2:31
  Speaker 1: been in operation since March of 2022.
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  Speaker 3: After that success in 2021 and 2022, we got more
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  Speaker 3: opportunities from the Korean government and our partners over there.
• 2:46
  Speaker 3: In 2023, we got awarded for our NAKKWA project. We
• 2:51
  Speaker 3: are very proud to demonstrate the story of our journey
• 2:55
  Speaker 3: in South Korea. South Korea is a very unique market.
• 3:02
  Speaker 1: The 365 megawatt Nagual offshore wind project became Begrim's biggest
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  Speaker 1: step forward in South Korea. The United States presented a
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  Speaker 1: different challenge. It is one of the world's most mature
• 3:17
  Speaker 1: and competitive renewable energy markets, offering Begrim an opportunity to learn,
• 3:22
  Speaker 1: build partnerships and establish a foothold for future growth. The
• 3:27
  Speaker 1: same approach shaped Begrim's entry into the United States. Dr.
• 3:32
  Speaker 1: Link says the move into America was part of a
• 3:35
  Speaker 1: wider global ambition.
• 3:37
  Speaker 2: We follow our vision. The world wants to decarbonize. We
• 3:42
  Speaker 2: want to be carbon neutral by 2050. We have to
• 3:45
  Speaker 2: do that with renewable power. That's why we went to America.
• 3:49
  Speaker 2: So they worked with Kuntziron Bunrutai. She is in charge
• 3:53
  Speaker 2: of finance and accounting for the whole world.
• 3:56
  Speaker 3: We entered into US market back in 2023 for the
• 4:02
  Speaker 3: small hydro project 30 MW in Malachar. People would question
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  Speaker 3: at that time why? It's not about the scale of
• 4:10
  Speaker 3: the investment. It's about who we jointly investing together. Bikrim
• 4:17
  Speaker 3: got very fortunate way doing business by always having very
• 4:22
  Speaker 3: good and reliable partners. And our key partner in the U.S.
• 4:26
  Speaker 2: Is Brookfields.
• 4:30
  Speaker 1: Begrim's investments and expansion tie into a much larger ambition,
• 4:35
  Speaker 1: the company's Green Leap strategy to become a green company
• 4:38
  Speaker 1: reaching a capacity of 10 gigawatts by 2030.
• 4:41
  Speaker 3: In the next five years, we have to be able
• 4:46
  Speaker 3: to make 10 gigawatts in total capacity, making these energy
• 4:53
  Speaker 3: solutions for our strategic partners, either co-investors, or our shareholders.
• 5:03
  Speaker 1: As BGRIM expands across Asia, Europe and the United States,
• 5:07
  Speaker 1: a new generation of leaders is helping drive that growth.
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  Speaker 1: Executives such as Pyridesh are taking the company's renewable energy
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  Speaker 1: strategy into new markets while building on the values and
• 5:19
  Speaker 1: vision established over nearly 150 years. For Dr. Link, That
• 5:28
  Speaker 1: ambition comes back to one guiding idea.
• 5:32
  Speaker 2: Doing business with compassion.