The renewable energy sector in the Philippines is continuously advancing as the latest technologies and innovations provide opportunities to bolster the sector of the country.
In the recently concluded PhilEnergy Expo 2024, the three-day event gathered pioneers, delegates, key industry players, and leading technology dealers in the country to open avenues not only for exchanges in the renewable energy sector but to also consider energy efficiency as a means to back the green sector.
Informa Markets’ Country General Manager Rose Chitanuwat said “The energy industry in the Philippines, particularly the renewable energy, energy efficiency, electric and power, electric vehicles, energy storage sectors, and much more, has much more potential.”
The event not only housed exhibitions from international developers but also spearheaded the Energy Efficiency Day. Present at this conference were ambassadors from different countries who also shared the paths of their respective countries in implementing energy efficiency.
“Apart from engaging multi-sectoral energy efficiency market stakeholders, we at PE2 continue to build collaborative partnerships with the Philippine government…to achieve the shared vision of mainstreaming energy efficiency as the economy’s first fuel towards the aspirations of Philippine Energy Plan 2020-2040 which is being updated to 2024-2050,” said PE2 president Alexander Ablaza.
Ablaza also said that progressive companies and economies utilizing energy efficiency to achieve a decarbonized and net-zero energy future are something the country could draw inspiration from.
Department of Energy (DOE) Director of Energy Utilization Management Bureau (EUMB) Patrick Aquino also shared that the department had been implementing policies and programs to promote energy conservation strategies.
“With the advent of modern and accessible EEC technology, consumers have many options and opportunities to practice EEC, and this is due to large-scale applications, especially in energy management, for industries and buildings,” said Aquino.
Additionally, the DOE said that Republic Act No. 11285, or the Energy Efficiency and Conservation Act (EEC), would not only support but also improve how energy is being utilized in the country as it faced challenges to achieve the perfect balance of resource utilization and savings.