ABOITIZ POWER Corp. (AboitizPower), through its subsidiary Therma Marine, Inc. (TMI), has broken ground on a 48-megawatt (MW) hybrid energy storage system that might be integrated into its oil-fired power facility in Nasipit, Agusan del Norte.
TMI expects the project to come back online within the second quarter of 2026, AboitizPower said in an announcement on Tuesday.
This latest project follows AboitizPower’s installation of a hybrid BESS at its oil-fired power plant in Maco, Davao de Oro, which began business operations in 2022.
“These oil-fired power plants, coupled with BESS technology, play an important role in providing fast, responsive power to assist balance supply and demand within the grid as an ancillary service,” the corporate said. “Ancillary services or backup power are support functions that ensure a reliable and stable power system.”
A BESS is a sort of energy storage system that uses batteries to store electricity from the grid and releases it when needed to reinforce supply or improve power quality.
“Once accomplished, the Nasipit BESS project will help enable more grid stability and support the growing share of renewable energy in our grid. It’s a wise solution for a better energy landscape,” said AboitizPower Transition Business Group Chief Operating Officer (COO) for Operated Assets Ronaldo Ramos.
AboitizPower Transition Business Group manages and operates the thermal power generation assets of AboitizPower.
AboitizPower serves because the Aboitiz Group’s investment vehicle for power generation, distribution, and retail electricity, in addition to related energy solutions.
“Consistent with the country’s ambitions for its energy mix, AboitizPower goals to grow its portfolio of generation assets with renewables and chosen baseload builds,” the corporate said.
The Philippines goals to expand the share of renewable energy in the ability generation mix to 35% by 2030 and 50% by 2040.
At present, AboitizPower holds a portfolio of 4,482.13 MW from its 48 power generation facilities nationwide, based on its website.
For 2025, the corporate has targeted a capital expenditure (capex) budget of P78.1 billion, with 66% earmarked for its renewable energy portfolio.
The most recent capex represents a rise from the P73 billion allocated last 12 months as the corporate accelerates its investments in energy infrastructure.
“This reflects the corporate’s thrust to expand its clean energy capability to 4,600 MW,” AboitizPower said.
In 2024, the corporate recorded a 2% increase in its net income to P33.9 billion from P33.1 billion a 12 months ago, driven by increased energy sales.
Residential energy sales increased by 13%, while business and industrial demand climbed by 5%. — Sheldeen Joy Talavera
