Actis Invests In Philippines Energy Storage Project

Why does Cebu need a strong power supply?

Cebu, which accounts for half of Visayas' energy use, faces growing power demands. The expansion is crucial for meeting these needs, ensuring stable electricity supply for the region's expanding economy. Cebu's expanding economy mirrors the nation's growing energy needs, with both requiring reliable power supply to sustain growth.

Does Cebu need more power investments?

DOE Central Visayas Director Renante Sevilla lauded the BESS project in Mactan, saying that Cebu needs additional power investments given its rapid progress. / KOC

Why is energy security important in Cebu?

As demand rises from key sectors such as IT-BPM, manufacturing, and tourism, energy security is becoming increasingly crucial. Cebu, heavily dependent on power imports from islands like Leyte and Panay, also receives some electricity from Luzon. Approximately 60% of Cebu's energy comes from plants outside the city.

Will Lapu-Lapu City be redirected to underserved areas in Cebu?

With Lapu-Lapu City now assured of reliable power, he noted that energy supply from the National Grid Corporation of the Philippines (NGCP) could be redirected to underserved areas in Cebu. Cebu Governor Pamela Baricuatro, also present at the launch, lauded the project for aligning with the province's climate and development agenda.

What is a hybrid energy storage system in Central Visayas?

Considered one of the first large-scale energy storage systems in Central Visayas, the hybrid BESS will provide ancillary services by storing surplus electricity and releasing it to the grid when needed to help stabilize power supply.

How important is energy storage in 2031?

According to the Department of Energy, the share of variable renewable energy like solar and wind could rise to as much as 28 percent by 2031. In this context, energy storage systems like BESS will be essential for managing fluctuations and ensuring reliable delivery of power.