Discover the transformative potential of integrating battery storage in Filipino homes alongside renewable energy sources like solar energy for a greener, more resilient Philippines with sustainable lifestyle practices.
MANILA, PHILIPPINES - January 27, 2022 – Fluence (Nasdaq: FLNC), a leading energy storage technology and digital applications provider enabling the global clean energy transition, announced today that the first 20-megawatt (MW) / 20-megawatt hour (MWh) battery-based energy storage system in the 470 MW / 470 MWh portfolio the company is
President Ferdinand R. Marcos Jr. inaugurated on Friday the San Miguel Global Power Battery Energy Storage Systems Facilities (BESS) in Limay, Bataan. The BESS is the first of its kind in the Philippines and one of the largest integrated grid-scale battery energy storage projects in the world.
Manila: Filipino business tycoons are turning into battery barons. At times competing and at time cooperating, they''re all now racing to ramp up megawatt-scale "power banks" – including ones on floating platforms.
Multi-billion-dollar power bank projects had been completed or in the roll-out stage in more than 60 locations across the archipelago. That''s just for container-size battery energy storage systems (BESS).
Another key move: The One-Stop Action Center for Strategic Investments within the Philippine Board of Investments (BOI). The centre''s mission: to expedite the processing of permits and licenses for strategic investments — those with significant economic impact — in a whole-of-government kind of approach.
Another strategic move is the legislation allowing the expansion of undersea cables interconnecting power grids among the country''s main islands. This has created a market of inter-island trading in electricity.
These containers pack a punch: theystore much-needed electricity for contingency – or "dispatchable reserves", thus avoiding the need to build "peaker" plants powered by fossil fuel.The tech behind BESS is about to unleash an energy revolution.
Republic Act No. 9136, also known as the Electric Power Industry Reform Act of 2001 (EPIRA), allows for trading of power reserves between connected islands. The law has changed the game by enabling the interconnection of power grids and the trading of power reserves between the islands.
Recently, the government of President Ferdinand Marcos Jr has unleashed a raft of measures to further secure, stabilise and lower power rates. These include "green-lane" approvals and incentives.
More end-users, including companies, are now rolling their own BESS systems, too. For example, the SMGroup, one of the largest real estate developers in the Philippines (operating 88 malls in the Philippines) has been actively exploring the integration of BESS into its operations to enhance energy efficiency.
Conglomerates led by tycoons including the Aboitiz family, the Ayalas, Ramon S. Ang, Manny V. Pangilinan, and Edgar Saavedra are pouring billions of dollars into renewable power projects, coupled with BESS farms.
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