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Sustech Co., Ltd. is pleased to announce that it has signed a Memorandum of Understanding (MOU) with Vivant Energy Corporation, a core company of the Philippine conglomerate Vivant Corporation , for a strategic partnership concerning renewable energy business, battery storage business, Retail Energy Supply (RES) business, and the introduction and utilization of the AI power management platform “ELIC” in the Philippines.
In the Philippines, expectations for expanding the adoption of renewable energy are rising, driven by economic growth and increasing electricity demand. The Philippine government aims to increase the share of renewable energy in its energy mix, and there is a need to develop new power supply infrastructure utilizing solar power generation and battery storage.
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Vivant Energy is one of the Philippines’ leading energy companies, operating a wide range of energy businesses including power generation, retail electricity, and distribution, and is promoting the creation of a sustainable energy supply system.
Through this partnership, we will combine Vivant Energy’s regional network and business development capabilities with our energy technology and renewable energy development expertise to contribute to decarbonization and the advancement of energy infrastructure in the Philippines.
Source: PRTimes
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