What is the future of energy storage in the Philippines?

Under the Philippine energy scenario, peak demand is seen growing by 5.3 percent annually until 2028. Energy storage is stepping into the spotlight of the country’s green transition, with more companies making bold investments to unlock its game-changing potential.

Why is the Philippines betting on battery energy storage systems?

The Philippines is betting on battery energy storage systems (BESS) to achieve its ambitious renewable energy (RE) targets and build a more sustainable energy future.

What is the Philippines' first solar-plus-storage hybrid?

The Philippines’ first large-scale solar-plus-storage hybrid (pictured), was commissioned in early 2022. Image: ACEN. The Philippines Department of Energy (DOE) has outlined new draft market rules and policies for energy storage, a month after the country allowed 100% foreign ownership of renewable energy assets.

How much battery storage capacity will the Philippines have?

As the Philippines gears up for the entry of more renewables into the grid, the government anticipates close to 2,000 MW of battery storage capacity to complement them. According to DOE data as of end-March, ESS projects with a combined capacity of 594 MW are committed to come online over the next three years.

What is EDC doing in the Philippines?

With the Philippines working to increase its renewable energy share and reduce dependence on fossil fuels, EDC’s twin focus on geothermal expansion and energy storage places it at the forefront of a low-carbon transition. Follow Power Philippines on Facebook and LinkedIn or join our Viber community for more updates.

Why is EDC expanding its power supply to the Philippines?

The expansion is part of EDC’s long-term strategy to provide more round-the-clock, zero-carbon power to the Philippine grid. “We want to ensure that we are ready to provide more of our reliable source of 24/7 clean power to the grid as the country accelerates its decarbonization mission,” Cainglet said.