AboitizPower to lead PHL-Japan Consortium on exploration of RE innovations
by Philippine Resources - February 14, 2023
Photo: (Seated, L-R) Senator Mark Villar, House Speaker Martin Romualdez, Senior Deputy Speaker and Former President Gloria Macapagal-Arroyo, Philippine President Ferdinand R. Marcos Jr., Department of Trade and Industry Secretary Alfredo Pascual, Special Assistant to the President Antonio Lagdameo Jr., and Philippine Ambassador-designate to Japan Mylene Garcia-Albano, together with (standing, L-R) AboitizPower Chairman Sabin Aboitiz, Amber Kinetics Chief Executive Officer Edgar Chua, IKS Co. Ltd. President Takashi Imai, and Kawasaki Heavy Industries’ Senior Managing Executive Officer and President of Energy Solution and Marine Engineering Tatsuya Watanabe.
As the country needs all forms of energy to fuel its growth aspirations while transitioning to an affordable and sustainable energy future, Aboitiz Power Corporation (AboitizPower), the holding company of power-related investments of the Aboitiz Group, has signed a memorandum of understanding (MOU) to lead a Philippines-Japan Consortium that will explore the development of technology and an integrated system for potential projects in the field of renewable energy.
On Friday, February 10, the MOU was signed by AboitizPower, represented by its Chairman of the Board Sabin Aboitiz, Kawasaki Heavy Industries, Ltd., represented by its Senior Managing Executive Officer and President of Energy Solution and Marine Engineering Tatsuya Watanabe, IKS Co. Ltd. (IKS), represented by its President Takashi Imai, and Amber Kinetics, represented by its Chief Executive Officer (CEO) Edgar Chua.
Under the MOU, the parties will leverage their respective new-generation technologies and expertise to optimize renewable energy development in the Philippines while contributing to energy cost savings and grid stability. This may lead to further exploration and expansion beyond the Philippines to ASEAN, Japan, and Australia.
“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 also expressed optimism in exploring opportunities and making a positive impact on the local and regional energy landscape.
“Ten years ago, Kawasaki started up the iVSG project in expectation of the recent energy trend. Now, we must be faced with a large amount of renewable energy penetration to a power system and a sharp increase in fossil fuel prices,” Watanabe narrated.
“I trust Virtual Synchronous Method will be a breakthrough solution to the problem. We are excited to work with Amber Kinetics, IKS and Aboitiz Group, and look forward to working together to deliver advanced technologies that would help the Philippines transition to more renewable energy,” Watanabe added.
Meanwhile, Imai said, “We are pleased with our contribution to stabilize the energy supply in the Philippines with IKS’s technology joining this partnership.”
AboitizPower is currently in the process of a 10-year renewable energy expansion to increase its renewable energy capacity by 3,700 megawatts (MW) by 2030. As renewable energy sources become more prominent in the power generation and distribution systems, grid stability issues become more pronounced and must be addressed. The issues are not, however, insurmountable.
As the Aboitiz Group undergoes its Great Transformation to become the Philippines’ first Techglomerate, it is investing in innovation and technology aligned with its sustainability vision. To address the grid stability issues caused by the greater prominence of renewable energy in the energy mix, AboitizPower is partnering with pioneering firms Kawasaki Heavy Industries, IKS, and Amber Kinetics under the Philippines-Japan consortium to develop technology-enabled solutions.
Kawasaki Heavy Industries channels its engineering prowess into trustworthy solutions for the future, including the use of virtual synchronous generator (VSG) technology. VSGs mimic the operation characteristics of traditional synchronous generators but with the former resulting in a more stabilized grid frequency.
The company plans to engage in businesses with inverters, Flywheel Energy Storage System (FESS), and power generating and distribution companies. In doing so, it will establish an integrated system that will enable ancillary services applications that provide grid stability working in consonance with renewable energies, power generation, and turbines as a distributed energy resource and by cooperating with other parties in micro-grids.
Kawasaki Heavy Industries will be joined by fellow Japanese firm IKS with its cutting-edge power control system (PCS), I_DENCON technology inverters. IKS aims to co-develop an integrated system that will easily allow other devices to connect and function seamlessly
Alongside them will be Amber Kinetics, a Silicon Valley firm that has developed long-duration FESS technology, which converts electricity into kinetic energy stored in the mass of spinning flywheels. It wants to further develop integrated energy solutions for its applications.
The MOU provides a platform for the consortium to work together with their proprietary technologies on projects that have the potential to transform the renewable energy landscape and drive sustainable economic growth in the Philippines, and throughout the region.
Article courtesy of the Philippine Stock Exchange
Place your Ad Here!
Place your Ad Here!
Philippine Resources - June 10, 2023
DMCI Mining Targets 1.5 Million WMT Nickel Ore Shipment in 2023
Photo Credit: dmcihouse.net DMCI Mining Corporation is targeting to ship 1.5 million wet metric tons (WMT) of nickel ore in 2023, after its subsidiary Zambales Diversified Metals Corporation (ZDMC) was granted an Environmental Compliance Certificate (ECC) in January to produce 2 million WMT of nickel ore. Prior to the ECC issuance, ZDMC was only allowed to extract 1 million WMT. “We have the necessary facilities and mitigating measures to minimize the impact of our operations on the environment. With these in place, we’re targeting to produce anywhere between 1.7 million to 2 million tons of nickel ore this year,” said DMCI Mining president Tulsi Das C. Reyes. From January to March, ZDMC nickel ore production soared by 88 percent from 318,000 WMT to 599,000 WMT, its highest-ever quarterly output. This led to a 16-percent improvement in total inventory, from 154,000 WMT to 178,000 WMT. However, total shipment declined by 21 percent from 620,000 WMT to 487,000 WMT owing to the depletion of the BNC mine and stockpile, cushioned by the double-digit growth of ZDMC shipment. Average selling price increased by 11 percent from USD44 to USD49 owing to higher Zambales shipments of higher-grade nickel ore. Despite the mine and stockpile depletion of Berong, DMCI Mining standalone revenues narrowly declined (-8%) from P1.4 billion to P1.3 billion due to better selling prices while reported net income contracted by 15 percent from P543 million to P463 million.
Philippine Resources - June 10, 2023
DMCI Power to build wind facility in Semirara Island
Leading off-grid electricity generator DMCI Power Corporation (DPC) is set to build a wind power plant in Semirara Island, home of the biggest coal reserve in the Philippines. DPC intends to finalize the wind power capacity in the coming months, with projections ranging from 8 to 12 MW, and operational implementation expected within 12 to 15 months. The project will be funded and undertaken independently by the company. “We are also looking at solar energy to augment the supply in the island, but we are prioritizing wind resource development because it has shown the most promise,” said DPC president Antonino E. Gatdula, Jr. “Current studies suggest that wind power could potentially deliver a 33% plant utilization rate, compared to just 17% for solar. Capital expenditure per megawatt for both wind and solar projects are also roughly the same,” he explained. In a 2001 wind resource study conducted by the National Renewable Energy Laboratory (NREL), a United States Department of Energy (DOE) laboratory, it was found that Semirara Island has some of the best wind resources in the Philippines. The wind corridors between Luzon and Panay (including Semirara Islands and extending to the Cuyo Islands) were found to have good-to-excellent wind power density and speed for utility-scale or village power applications. DPC is in the process of validating these wind resource estimates to determine the final location and capacity of its wind project.
Philippine Resources - June 05, 2023
Semirara Mining and Power Corporation eyes Japanese market expansion
Photo credit: Bilyonaryo Integrated energy company Semirara Mining and Power Corporation (SMPC) is set to make its second trial shipment to Japan this June, in a bid to reduce its dependency on the Chinese market. The company will export 50,000 metric tons (MT) of Semirara coal to Shikoku Electric Power Corporation for its 700-megawatt coal fired ultra-supercritical power station. “China is still our main foreign buyer but with their industrial output growing slower than expected, we want to develop other Asian markets like Japan,” said SMPC president and COO Maria Cristina C. Gotianun. From January to March, Semirara coal shipments to China plunged by 50 percent from 2.2 million MT to 1.1 million MT, accounting for 72 percent of exports. South Korea was a steady market at 300,000 MT, representing one-fifth of export sales. The rest of the exports went to Japan (5%) and Brunei (3%). SMPC first made a trial shipment to Japan in January 2023, selling 78,410 MT of mid-grade coal to J-Power, a utility company that operates coal, hydroelectric, wind and geothermal power stations. “For 2023, we are targeting to export around 30 percent of our full-year sales target of 15 to 16 million MT,” added Gotianun. In the first quarter, standalone coal revenues sank by 40 percent from P25.7 billion to P15.5 billion mainly due to high base effect of record production, shipments and selling prices. Standalone reported net income slumped by 51 percent from P14.2 billion to P7 billion on topline weakness and slower decline in cash costs.
Place your Ad Here!
Place your Ad Here!