Absolute Clean Energy PCL

SET:ACE

Business Description

Sector

Utilities

Industry

Utilities

Headquarters

Thailand TH

Employees

889

IPO date

Nov 13, 2019

Absolute Clean Energy PCL develops and runs renewable power plants in Thailand. Its main assets are biomass, biogas, solar, and waste-to-energy projects that turn agricultural residue, organic waste, and sunlight into electricity. The company also works on related clean energy projects and project development, but its core business is producing power from non-fossil fuel sources.

ACE sells electricity under long-term power purchase agreements, mainly to Thailand’s state power buyers and the broader power grid. It earns money by delivering electricity from the plants it owns and operates, so its business depends on plant uptime, fuel supply for biomass and biogas facilities, and the terms of its power contracts. This makes it more of an infrastructure owner than a commodity trader.

What sets ACE apart is its role in turning local waste streams into steady power output. Biomass and biogas plants need a reliable supply of feedstock, so the company sits at the point where agriculture, waste management, and electricity generation meet. For investors, that means the business is tied to long-lived energy assets and contract-based revenue rather than consumer sales or short-cycle industrial products.