Aboitiz Power Corporation (AboitizPower), the Aboitiz Group's holding company for power-related activities, is leading a consortium that will explore renewable energy (RE) projects in the Philippines, in ASEAN countries, and in Japan and Australia.
Photo Insert: Signing the Memorandum of Understanding are Kawasaki Heavy Industries’ Senior Managing Executive Officer and President of Energy Solution and Marine Engineering Tatsuya Watanabe, IKS Co. Ltd. President Takashi Imai, Amber Kinetics Chief Executive Officer Edgar Chua and AboitizPower Chairman Sabin Aboitiz.
The company, now in the process of a 10-year renewable energy expansion that will increase its RE capacity by 3,700 megawatts (MW) by 2030, has entered into a partnership with Japanese conglomerate Kawasaki Heavy Industries, IKS Co. Ltd., and Silicon Valley start-up Amber Kinetics.
This newly-formed consortium seeks to develop new technologies that include inverters and battery storage innovations and an integrated system for potential RE projects as it pushes the envelope towards a sustainable future, a key element in the United Nations SDG or sustainable development goals,
Aboitiz and its new partners signed a memorandum of understanding (MOU) that allows them to harness their respective skills and technology to optimize RE development in the Philippines while also contributing to energy cost savings and grid stability during the five-day official visit of President Marcos Jr. in Japan.
The MOU establishes a framework for the consortium to collaborate on projects that have the potential to revolutionize the renewable energy landscape and generate sustainable economic growth in the Philippines and throughout the region, using their unique technology.
Sabin Aboitiz, Chairman of the Board of AboitizPower, expressed enthusiasm for the collaboration, stating that the consortium represents a formidable alliance that will push technical innovation and harnesses the power of renewable energy to create a brighter future for future generations.
“With this consortium, the Philippines and Japan can make a significant impact on our transition towards a more sustainable future. Our partnerships represent a powerful alliance that will drive technological innovation and harness the power of renewable energy to create a brighter future for generations to come,” said Mr. Aboitiz.
The consortium's goal is to address grid stability challenges created by renewable energy's rising importance in the energy mix. Grid stability challenges have become more pronounced and must be addressed as renewable energy sources grow more prevalent in power generation and distribution networks.
Kawasaki Heavy Industries, a leading Japanese conglomerate, intends to collaborate using inverters and Flywheel Energy Storage System (FESS), in developing an integrated system that will enable ancillary services applications that provide grid stability while working in tandem with renewable energies, power generation, and turbines as a distributed energy resource.
IKS Co. Ltd., another industry-leading Japanese company, will collaborate with Kawasaki Heavy Industries on its cutting-edge power control system (PCS), I_DENCON technology inverters. IKS intends to collaborate on the development of an integrated system that will allow other devices to connect and work effortlessly.
Meanwhile, Amber Kinetics, a Silicon Valley startup which has created long-lasting FESS technology that turns power into kinetic energy stored in the mass of spinning flywheels, intends to use this collaboration in expanding the application of its integrated energy solutions.