RE storage now a reality, private sector urged to invest
QUEZON CITY, November 26, 2022 – As renewable energy (RE) technologies have become more efficient and affordable, the reality of energy storage systems (ESS) fills the gap that constrains the increase of RE's share in the power generation mix of the Philippines. With ESS, the variability of RE becomes a non-issue and 24/7 power with renewables is now possible. This was the clarion call issued yesterday by leading business analysts tracking energy trends in the country and Southeast Asia. “Developers recognize that they have to place their bets today. Coal is out of the picture in the next five to [...]
Private sector urged to incorporate sustainability and long-term resilience in business strategies
Two years into the COVID-19 pandemic, the private sector is urged to incorporate sustainability and long-term resilience into their business strategies in order to thrive in the new normal while dealing with the current economic challenges, which includes investing in the welfare of their employees, suppliers, and customers.
Shifting to RE generates significant savings – companies
QUEZON CITY, November 14, 2022 – Businesses and companies in the Philippines weighed in on the savings and positive impacts on the private sector brought by renewable energy through the Department of Energy’s Green Energy Option Program (GEOP), in the first of three webinars of the “Pilipinas: Aspire, Rise, Sustain” series last Friday. The series, which is certified by the Securities and Exchange Commission (SEC), is hosted annually by the Institute of Corporate Directors (ICD), in partnership with the Institute for Climate and Sustainable Cities (ICSC) and The Climate Reality Project Philippines. The first webinar focused on GEOP, a policy [...]