Connect with us

Hi, what are you looking for?

News

PHL energy security to hinge on emerging tech

REUTERS

THE PHILIPPINES will need to tap emerging technology like green hydrogen to shore up energy security during its transition to green sources of power, an Energy department official said.

Michael O. Sinocruz, director for Energy Policy and Planning at the Department of Energy (DoE), said during the BusinessWorld Economic Forum Forecast 2023 that diversifying the energy mix is a key step in achieving energy security.

As such, Mr. Sinocruz said that the government is “looking to harness” alternative fuels like green hydrogen and ammonia.

According to the DoE’s Philippine Energy Plan for 2020 to 2040, the Philippines is focusing on increasing the share of renewables in the power mix.  

Energy Secretary Raphael P.M. Lotilla has noted the Philippines’ dependence on imported coal for its power needs.

“The perspective (that the Russia-Ukraine war) gives us is that curve balls like this happen. Specific to the Philippines, it magnifies our reliance, our dependence on many things that are not innate to the country,” James A. Villaroman, chief renewable energy officer of Aboitiz Power Corp. said on the sidelines of the forum. 

Mr. Villaroman said “the implications of increasing REs to 35%, (needs to be understood in terms of) system needs; how the system will behave and what infrastructure we need to manage in energy system which is 35% RE (and) largely variable and intermittent.” — Ashley Erika O. Jose

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

News

REUTERS A landmark lawsuit by the US Justice Department against Alphabet’s Google over its dominance of advertising technology could help rivals and websites that...

News

North Atlantic Treaty Organization/Flickr STOCKHOLM — Swedish and Finnish hopes of quickly joining NATO (North Atlantic Treaty Organization) have run into an obstacle in...

News

Egg vendors arrange their products for sale at a store along Blumentritt in Manila, Jan. 26. Filipinos are grappling with soaring prices of food,...

News

ICC prosecutor authorized to reopen Philippines drug war investigation – BusinessWorld Online ...

News

Photo via freepik The past years saw climate change, defined by World Health Organization (WHO) as “the change in climate in time due to...

News

At Christmastime, monster waves and winds battered the 23-year-old Tubbataha Ranger Station. (Inset photo) Metro Pacific Investments Foundation, Inc. committed to provide an additional...

You May Also Like

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.