AI Energy PCL

AI Energy Public Company Limited is a Thailand-based company, which is engaged in producing and distributing energy product (biodiesel) and vegetable oil. The Company’s products include Biodiesel: B100, Refined Breached Deodorized Palm Olein: Palm Olein, Refined Glycerin, and Raw Materials and By-products. The Company manufactures and distributes palm olein in tank trucks and in packaging under PAMOLA brand to customers domestically. The customers who use Palm Olein could be divided into two groups: large food manufacturing industry which mostly orders by tank truck, and packaged customers, chained restaurant that ordered in bag-in-box 13.75 liters under the brand PAMOLA. Its Refined Glycerin products have a range of chemical properties, so it can be used as a substance in downstream industries such as consumer products, food, medicine, cosmetics, and others. The Company sells raw materials, including CPO, RBD Palm Oil, and Refined Bleached Deodorized Palm Kernel Oil: RBDPKO.

• PPA pricing trends ($/MWh) (leading)
• Order book / installed capacity backlog (leading)
• Installation cost curves (LCOE) (trend)
• Inverter / battery $/kWh trajectory (trend)
• Grid-interconnection queue depth (coincident)

• China solar/wind tariffs + IRA domestic-content rules · exposure: very high
• Rare-earth supply (China = ~85% global rare-earth processing) · exposure: high
• Permitting + grid-connection bottlenecks · exposure: high
• Energy security policy shifts · exposure: medium-high

• MW shipped / installed — core volume metric
• EBITDA margin % — 8-15% manufacturers; 20-40% developers
• Order backlog months — 12-24 months healthy
• Capacity factor (utility scale) — wind 35%+, solar 18%+, varies geo
• LCOE trajectory — decreasing = competitive vs grid

Detailed financial analysis, valuation snapshot, multi-period history, and AI narrative are pending — generated when this company is included in the next analysis batch. Profile data above is point-in-time as of 2026-04-30.