Smarter News Now
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting
No Result
View All Result
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
No Result
View All Result
Smarter News Now
No Result
View All Result
Home Investing News

Meralco unit, Korean firms tie up for clean energy R&D

by
June 29, 2022
in Investing News
0
Meralco unit, Korean firms tie up for clean energy R&D
0
SHARES
15
VIEWS
Share on FacebookShare on Twitter
Sebastian Ganso / Pixabay

A unit of Manila Electric Co. (Meralco) has partnered with a Korean company for a research and development project in the Philippines on how the use of clean energy technologies can drive sustainability.

Meralco Industrial Engineering Services Corp. (Miescor) and Seochang Electric Communication Co. Ltd. will put up an on-grid hybrid power service through a research grant from the Korea Institute of Energy Technology Evaluation and Planning.

“We are honored to partner with Seochang and other Korean companies in this initiative as we all share a common goal of bolstering the use of clean energy,” said Miescor President and Chief Executive Officer Ronnie L. Aperocho in a media release on Wednesday.

The project will set up a 50-kilowatt peak solar photovoltaic (PV) system and a 300-kilowatt-hour energy storage system (ESS) that will serve a Gawad Kalinga community in Cavite. It is aimed to benefit about 200 households in Brgy. Hugo Perez, Trece Martires City.

It will power commonly used facilities such as street lights as well as the community’s multi-purpose hall and development center. It will also serve as a potential energy source for electric vehicles.

“This project does not only support One Meralco Group’s sustainability goals, but also, this project most importantly, contributes to a cleaner and more eco-friendly environment, provides electricity to the community, and creates livelihood opportunities,” Mr. Aperocho said.

Project construction is set for September for completion in November 2022. Before full operations in the third quarter of next year, a performance evaluation and maintenance system will be in place.

The groups involved in the project aim to develop a sustainable energy network by using and optimizing used electric vehicle (EV) batteries that are suitable for local electric distribution facilities. They will also find ways to provide clean and reliable electricity service to communities.

“We in Seochang, are happy that Miescor partnered with us in this undertaking as we have been looking for the most appropriate and sustainable project that we can be a part of in our Asian neighbors,” said Seochang President Alika Yoon.

“And this project in the Philippines is, in our opinion, the most deserving one,” the official said, adding that the group is looking forward to expanding further to other areas in the Philippines.

Based in South Korea’s Daegu, Seochang specializes in advanced metering infrastructure (AMI) and the construction of various ESSs. It has been supplying watt-hour meters to Meralco for more than 10 years.

Miescor offers engineering, procurement, and construction services across power infrastructure, renewable energy, electromechanical works, telecommunication infrastructure, and general construction projects.

Other South Korean entities PMGROW Corp., Korea Testing Laboratory, and Korea Energy Convergence Association are also supporting the project. — VVS

ShareTweetPin

Related Posts

Stocks decline on profit taking, recession fears
Investing News

Stocks decline on profit taking, recession fears

August 23, 2022
Peso climbs vs dollar as RTB offer starts
Investing News

Peso climbs vs dollar as RTB offer starts

August 23, 2022
PNR cancels bids for 3 projects after finding them ‘non-feasible’
Investing News

PNR cancels bids for 3 projects after finding them ‘non-feasible’

August 23, 2022
Senate grills Rodriguez on approval procedures for sugar import order
Investing News

Senate grills Rodriguez on approval procedures for sugar import order

August 23, 2022
Trade dep’t expecting sugar price monitoring report by Friday
Investing News

Trade dep’t expecting sugar price monitoring report by Friday

August 23, 2022
Fisherfolk seek halt to reclamation on municipal fisheries
Investing News

Fisherfolk seek halt to reclamation on municipal fisheries

August 23, 2022
Next Post
World Bank: More than half of Filipinos have bank accounts

World Bank: More than half of Filipinos have bank accounts

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Email Address *
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
 

Recommended

Apple hovers above competition even as smartphone market stumbles, sources say 

Apple hovers above competition even as smartphone market stumbles, sources say 

July 14, 2022

Factory output up 2.4% in June

August 9, 2022
India to surpass China as most populous country in 2023 — UN

India to surpass China as most populous country in 2023 — UN

July 12, 2022
COVID-19 remains the go-to alibi for manipulative investors and it is destroying trust with sellers

COVID-19 remains the go-to alibi for manipulative investors and it is destroying trust with sellers

July 5, 2022
AboitizPower net income up 79% to P7 billion in Q2

AboitizPower net income up 79% to P7 billion in Q2

July 27, 2022
Google apologises after software update causes search engine to go down

Google apologises after software update causes search engine to go down

August 9, 2022
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2022 SmarterNewsNow.
All Rights Reserved.

Disclaimer: SmarterNewsNow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

No Result
View All Result
  • About Us
  • Contact Us
  • Email Whitelisting
  • Home
  • Privacy Policy
  • Terms & Conditions
  • Thank You

Copyright © 2020 SmarterNewsNow. All Rights Reserved.