Gen X Energy, ACE Enexor to jointly develop 1.1 GW LNG and green hydrogen-fueled power plant in Batangas

Gen X Energy enters into a joint venture with ACE Enexor Inc., a subsidiary of AC Energy Corp., to develop Batangas Clean Energy, Inc.’s (BCE) 1,100 MW combined cycle power plant project.

The project will use natural gas and green hydrogen as its fuel to provide firm power to the grid to meet the Philippines’ growing energy demand and reduce the country's reliance on coal-fired power generation. The joint venture will result in Gen X Energy and ACE Enexor each holding a 50% interest in BCE.

The project will be located in the Batangas Bay Area of the Philippines, close to the load center of Metro Manila. Gen X Energy will continue holding a 50% interest in BCE through its wholly-owned subsidiary Red Holdings B.V.