Amber Kinetics, a leading designer of long-duration flywheel energy storage systems (FESS), marked a milestone in renewable energy deployment with the signing of a formal agreement with Indian Energy (IE), a 100% Native American–owned and operated microgrid developer. The agreement covers the...
Aboitiz Power Corp. (AboitizPower) announced that a subsidiary of its Therma Power Inc. will construct a battery energy storage system (BESS) in Cebu, which will be slated for commissioning by next year. In a statement, AboitizPower said Therma Power’s East Asia Utilities Corp. (EAUC) will soon...
SPC Power Corporation is actively exploring new project acquisitions and developments, including the integration of renewable energy (RE) sources. During the annual stockholders ' meeting on June 11, SPC Power Chairman Alfredo L. Henares stated that the company aims to support the Philippines...
The Department of Energy (DOE) is anticipating a total of 19,190 megawatts (MW) worth of energy projects from 2025 to 2030, spanning across non-renewable and renewable energy (RE). These capacities projected by the DOE would help meet the country’s rising power demand and further support economic...
While not exactly turning its back on fossil fuel-based conventional technologies, Alcantara-led Alsons Power Group will be pursuing wider diversification on its power generation portfolio by focusing its next investment on utility scale solar farm installation that will have energy storage...
Danish firm Copenhagen Infrastructure Partners (CIP) is eyeing to diversify its capital formation for renewable energy (RE) projects in the country, with its investment sight now expanding into solar and energy storage systems. The Danish firm first entered the Philippine market last year with its...
Several Chinese companies have been shortlisted by SP New Energy Corporation (SPNEC) of the Manila Electric Company (Meralco) Group for soon-to-be awarded contracts on the supply of photovoltaic (PV) modules and energy storage systems (ESS) for the $4.0 billion Terra solar project, an expansive...
Meralco PowerGen Corporation, the power generation investment arm of Manila Electric Company (Meralco), has shortlisted two bidders for the transmission connection that will transport the capacity of its P190 billion Terra Solar project upon reaching commercial operations by 2026. MGen President...
The Department of Energy (DOE) will be studying cost implications as well as supply reinforcement impact of the forthcoming innovations for energy storage systems (ESS) before integrating a pie of ‘renewable energy + ESS’ in the forthcoming green energy auction (GEAs) for RE projects. Energy...
