“AboitizPower sees battery technology as a great opportunity to address concerns about the reliability, affordability, and sustainability of energy supply,” Emmanuel V. Rubio, president and chief executive officer of AboitizPower, said in a media release.
It is intended for ancillary services or power reserves. Power grids tap reserve power, engaged via ancillary services contracts, when baseload power declines. James A. Villaroman, chief renewable energy officer of AboitizPower, said during the BusinessWorld Economic Forum on Tuesday that energy storage systems will play a part in the country’s energy security.
Meanwhile, renewable energy firm SN Aboitiz Power , a joint venture between AboitizPower and SN Power of Norway, said that its 24-MW Magat BESS project at the hydroelectric power plant in Ramon, Isabela is seen operational by the first quarter of 2024, after it began construction in August.
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