PEZA, Ampotech ink deal to modernize energy management in Philippine ecozones
(Left) PEZA director general Tereso Panga and Ampotech chief executive officer and co-founder William Temple (PEZA photo)
Singapore-based energy technology company Ampotech is entering the local market to deploy intelligent energy and carbon management solutions across ecozones supervised by the Philippine Economic Zone Authority (PEZA).
In a statement, the investment promotion agency said it signed a memorandum of understanding with Ampotech on Dec. 15 for a landmark project that remains under discussion.
But through this partnership, PEZA will work with the company to “demonstrate the real-world impact” of optimizing building energy management systems, solar and energy storage solutions, and asset tracking.
This initiative aims to equip ecozones and their locators with the insights needed to reduce energy consumption and track carbon emissions.
Scoping activities will begin in the first quarter of next year to develop the execution framework across multiple ecozones and define the project's next steps.
PEZA Director General Tereso Panga said the partnership with Ampotech is another step toward integrating sustainability and environmental, social, and governance (ESG) principles into the agency's operations.
“As such, we have taken initiatives towards future proofing, evolving, embracing, empowering, and modernizing our ecozones—from renewable energy integration and waste-to-resource programs to sustainable operations reporting and eco-industrial park certifications,” said Panga.
Ampotech is an advanced energy provider that harnesses artificial intelligence (AI) and the Internet of Things (IoT) to deliver innovative power solutions for businesses.
The collaboration with PEZA marks the company’s official entry into the country, following its recent expansion into Hong Kong, Malaysia, and Indonesia.
Ampotech chief executive officer and co-founder William Temple said the country's ecozone system presents a unique opportunity for the company to demonstrate its full suite of energy solutions.
Temple expects this to create a “meaningful impact that can serve as a template for other economic zones and industrial parks across Southeast Asia.”
PEZA oversees more than 430 ecozones in the country, which are home to over 4,000 export-oriented locator companies.
For the year, the agency approved ₱260.89 billion worth of investments, 22-percent higher than last year’s ₱214.18 billion.