As part of the company’s decarbonization and sustainability efforts, Lopez-led Energy Development Corp. (EDC) has launched its new electric vehicle (EV) powered by geothermal energy.
In a report by BusinessWorld, EDC supply chain head for indirect category and program manager for EV projects, Gloria Amboy, said that the company is looking to roll out its EVs in all EDC sites in the country as part of its long-term goal.
EDC said that the first three EVs are from its partnership with Hong Equipment and Development Corp. The EVs will undergo a six-month pilot test to determine the additional units for the other facilities.
The new EVs will be powered by EDC’s brand of baseload geothermal called Geo 24/7. It will be powered by steam energy from a charging station at the Tongonan geothermal power plant in Kananga, Leyte.
Meanwhile, EDC will also launch two more geothermal-powered EVs next year through its partnership with Hong Equipment and Development Corp.
Hong Equipment and Development Corp. vice president for business development William Hong stated the EVs powered by geothermal energy “makes it special because of its 100% renewable energy-powered mechanism.” He also pointed out that “EV is the vehicle of the future”.
To date, EDC has installed a renewable energy capacity of 1,476.59 megawatts (MW). Geothermal accounts for 1,181.8 MW of the company’s portfolio.