The little-known company operates out of Thailand, and is currently engaged in renewable energy generation.

"Energy Absolute Pcl, which has morphed in recent years from a producer of biodiesel to Thailand's leading renewable energy company, is eyeing a major push into energy storage with plans to develop a factory somewhere in Asia that would rival Tesla's Gigafactory in both size and scope."

"Energy Absolute, founded by Somphote Ahunai, vowed in 2014 to spend about 46 billion baht to increase its renewable energy generation capacity to as much as 570 megawatts by 2017. Capacity at Energy Absolute's renewable power plants will increase to 404 megawatts this year and will climb further to 664 megawatts next year"