AboitizPower adds 49 MW energy storage system in Therma Marine Mobile 1 power plant
Aboitiz Power Corp. starts the installation of a 49 MW battery energy storage system (BESS) in the floating power plant in Davao region of the Philippines.
Aboitiz Construction is partnering with Wartsila Corp. in installing the first BESS project in its Therma Marine, Inc. (TMI) facility in Maco, Davao de Oro.
BESS is a type of energy storage system that is capable of storing energy electrochemically. It can be connected to the grid, small grid, distribution system, or end-user facility to deliver the energy demand when needed.
Country updates
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March 12, 2021
AC Energy invests PHP2.2bn for battery storage project in Laguna
AC Energy has signed a subscription agreement with its subsidiary Giga Ace 4 for the purchase of shares for a total of PHP2,000 million (US$45.35 million). The investment will go towards the dev...
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February 24, 2021
Highland Infrastructure appoints MEM as owner’s representative and technical advisor for 250 MW wind project in the Philippines
Modern Energy Management (MEM) has been appointed as owner’s representative and technical advisor for Highland Infrastructure’s flagship 250 MW wind project in the Philippines. On 27 Janu...
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February 22, 2021
Sustainable Infrastructure Income Fund surpasses EUR100 million
ThomasLloyd, one of the world’s leading specialist impact investors and providers of climate financing, has announced that its Sustainable Infrastructure Income Fund (SIIF) has surpassed EUR100...
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February 15, 2021
GIC acquires minority stake in AC Energy
AC Energy Philippines (ACEN) and its parent company, AC Energy and Infrastructure Corporation, have completed the transaction with Arran Investment Pte Ltd, an affiliate of GIC Private Limited, for GI...
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February 10, 2021
MHI to supply equipment for the 29 MW binary geothermal power plant in Albay
Turboden S.p.A., a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Lombardy, Italy, and Mitsubishi Power, Ltd. have jointly received an order for 29-megawatt (MW) binary cycle power...
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