EDC provides uninterrupted supply of clean renewable energy through its green energy option program licenses for First Gen Energy Solutions, Bacman Geothermal Inc. and Green Core Geothermal Inc.Companies in the Philippines are taking a bold step to decarbonize their businesses by shifting to renewable energy through licensed green energy option program (GEOP) supplier First Gen Corporation and its 100% renewable energy (RE) arm, Energy Development Corporation (EDC).
“GEOP empowers businesses by giving them this opportunity to take a strong stand for the environment to also future-proof their operations as they become a part of the solution to our warming climate,” said Gideon Red Butalid, head of EDC’s market planning and contracts team.
EDC had the greatest number of GEOP switchers in the first batch with 11 out of 17 facilities signing up to avail of this program that allows them to lower their carbon footprint.
“Nothing made us realize how scarce our resources are than the past 24 months, and an earnest conviction is made by the team to better manage what is within our control, for everyone’s benefit,” said Celeste Romualdo, general manager of The Linden Suites.
Also among the first batch of switchers are Asahi Electrical Manufacturing Corporation, Bulacan HJR International Corporation, Engtek Precision Philippines Inc., Goldilocks Bakeshop bakery chain, HJR International Corporation, Mary Grace Cafe (Bluemantle Industries Inc.), Puratos Philippines, Puresteel Manufacturing Corporation and TMC International Corporation.
Considered the holy grail among RE technologies, geothermal energy provides uninterrupted baseload power, rain or shine, all year round, or what the leading RE firm refers to as Geo 24/7. Being powered by Geo 24/7 will enable customers to avoid a minimum of 1.86 million tonnes of carbon dioxide each year.
Apart from being able to lower their carbon footprint, GEOP customers may enjoy more affordable electricity rates that mainly come from having zero VAT on generation charges and fixed rates that are not indexed to foreign exchange since power is sourced from indigenous renewable energy sources. (Story/Photos by: Frances Ariola)