Philippines mobile energy storage vehicle equipment

The government sees energy storage as a vital enabler for the Philippines' “ambitious targets” for renewable energy, Marasigan said, aiming for 35% renewables in the energy mix by 2030, 50% by 2040 and continuing to rise from there.

Energy storage is a technology that can not only drive the modernisation of power infrastructure in the Philippines, but also attractor investors in the country's economy. “However, as a utility developer, we are looking at challenges in the implementation of the policy framework, and at technology challenges,” Briones said.

According to the International Trade Centre (ITC), the Philippines has the potential to export $788.4 million worth of solar photovoltaic (PV) modules and battery components, with key markets including the United States, China, the Netherlands, Vietnam, and Germany.

Beyond mineral wealth, government-backed research and development (R&D) facilities are enhancing the Philippines' capabilities in advanced battery production. The government has been introducing policies to attract foreign investors, including incentives for green energy projects, tax breaks, and streamlined approval processes.

EVAP President Edmund Araga emphasized that the Philippines offers distinct advantages for battery manufacturers, making it a compelling destination for foreign investment in EV component production. “With the rapid adoption of electric vehicles in Southeast Asia, the demand for EV batteries is surging.

With nickel and cobalt—two critical materials in battery production—abundant in the Philippines, EVAP asserts that the country is well-positioned to emerge as a key player in the global EV supply chain.