The energy investment climate in the Philippines is favorable, according to US Secretary of Commerce Gina Raimondo. She made these remarks during the first US Presidential Trade and Investment Mission in March 2024, where high-level meetings between top US business leaders and Philippine business groups took place. Raimondo commended the country’s efforts to boost renewable […]
Marking a significant leap in the country’s energy landscape, Aboitiz Power Corporation (AboitizPower) inaugurated the first-of-its-kind hybrid Battery Energy Storage System (BESS) in Southeast Asia. Built on a floating platform in Maco, Davao de Oro, this 49-megawatt (MW) facility represents a groundbreaking initiative by AboitizPower subsidiary Therma Marine, Inc. (TMI). Boosting Grid Stability and Supporting […]
Filipino ingenuity truly knows no bounds. Inspired by technology developed by NASA, Naga City’s Engr. Dexter de Castro has invented a product that cools down homes and other structures. His thermal insulation powder invention, developed in 2019 and now patent-pending, is meant to be mixed into paint and other materials such as concrete. When the […]
AboitizPower’s Therma Visayas, the Ramon Aboitiz Foundation, and partner farmers across Cebu work toward their goal of planting one million trees, with 770,000 already planted as of end-2023. Aboitiz Power Corporation marked Earth Month by recognizing its business units around the country that have made a concerted effort to empower year-round efforts to plant over […]
DATA CENTERS shared by energy firms can leverage high-level computing to break down the price of electricity and improve consumer awareness of its true cost, an industry player said. Energies PH, Inc. (EPHI) is looking to launch the Energy Community Digital Platform next year, which consists of Tier 3 colocation data centers for energy firms […]
ABOITIZ Renewables, Inc. (ARI) has secured a P20-billion loan agreement with state-led Land Bank of the Philippines to fund the expansion of its renewable energy (RE) portfolio, its parent firm said. “This loan will allow us to continue providing clean and sustainable energy to help meet the growing demand in the country,” James A. Villaroman, […]
Aboitiz InfraCapital (AIC) Economic Estates, the leading developer and operator of smart and sustainable industrial-anchored Economic Estates in the Philippines, recently joined forces with the Philippine Economic Zone Authority (PEZA) and the Philippine Trade & Investment Centers in Osaka and Tokyo for an investment roadshow in Japan. The Philippine-Japan Investment Forum aimed to showcase the […]
AboitizPower, JBIC strengthen cooperation in energy transition via MOU. Aboitiz Power Corporation (AboitizPower) signed a memorandum of understanding (MOU) with public financial institution Japan Bank for International Cooperation (JBIC) to foster international cooperation in developing the Philippine power industry. AboitizPower will leverage JBIC’s support to strengthen efforts in emissions reduction, introduce cutting-edge transition technologies like […]
