It identified these technologies as small nuclear reactors, liquefied natural gas, battery energy storage systems, hydrogen and ammonia, electric vehicles as well as energy efficiency and conservation projects.The DOE is pursuing SMRs or advanced nuclear reactors that have a third of the generating capacity of traditional nuclear power reactors. Lotilla said the Philippines may have a nuclear facility up and running “within the decade.
These include FGen LNG Corp.’s interim floating storage regasification unit with a capacity of 5.26 million tons per annum that will be completed by September 2023; Linseed Field Corp.’s 3 MPTA terminal which was completed in May 2023; Luzon LNG Terminal Inc.’s 4.4 MPTA terminal for completion by December 2025; and Energy World Corp.’s 3 MPTA terminal with target completion of December 2023.
The DOE is pushing for additional 1,851,500 EVs and 42,000 EVCs in the medium-term from 2029 to 2034. Lotilla said the DOE is also developing a policy framework and guidelines for the integration of hydrogen within the energy sector. The agency is actively considering hydrogen and its derivatives as a promising and cleaner alternative energy.
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