Why should the Philippines invest in energy storage?

The Philippines has a substantial incentive to face the challenges of the effects of climate change as a tropical archipelago. The country wants 50% renewables in the energy mix by 2040. As an essential part of a low-carbon energy system, the Philippines’ energy storage market holds great potential.

Does the Philippines want 50% renewables in the energy mix?

The country wants 50% renewables in the energy mix by 2040. As an essential part of a low-carbon energy system, the Philippines’ energy storage market holds great potential. The country’s Department of Energy (DOE) has outlined a new draft of market rules and policies for energy storage in support of renewable energy integration and grid stability.

Does the Philippines have a good electric power supply policy?

In the past two decades the Philippines has passed on laws and policies to ensure the quality, reliability, security, and affordability of electric power supply while trying to address both grid and off grid electrification gaps through various policy and policy amendments. There is, however, room for improvement:

How can the Philippines improve energy access & reliability?

The Philippines grapples with aging infrastructure, particularly in less developed regions, which requires considerable investment to expand and modernize the grid. Enhancing transmission systems and integrating new renewable energy sources into the existing grid are critical to improving overall energy access and reliability.

Who is PowerSource Philippines?

PowerSource Philippines, Inc. (hereafter PowerSource), an operator qualified by the Philippines Energy Regulatory Commission, supplies electricity to off-grid communities.

How will the Philippines respond to growing electricity demand?

Increasing Electricity Demand: The Philippines is projected to significantly increase its electricity generation to meet growing demand, with a focus on both expanding capacity and enhancing grid reliability.