Lopez Group partners with Climargy Inc. to push for more EE&C in the Philippines

Energy solutions provider, Pi Energy, has partnered with Climargy Inc. to institutionalize energy efficiency and conservation (EE&C) projects that will aid businesses in reducing their carbon footprint. The deal between the two firms was designed “to remove massive amounts of excess, heat-trapping carbon dioxide (CO2) from the atmosphere and help businesses save on cost.”

Officially sealed last Dec. 9, the partnership has been classified as  “a rare contract in Southeast Asia between two energy developers that focus specifically on developing EE&C solutions mainly for commercial and industrial (C&I) companies.”

The partnership hopes to “jointly develop a portfolio of EE&C projects, aimed at reducing electricity usage of client-companies by 1 terawatt-hour”, which can result in savings of up to P7.5 billion through 2040.

Considered as the Philippines’ undisputed champion in clean energy solutions, the Lopez Group has taken the lead for energy-efficient solutions for businesses and public consumers alike.

Pi Energy also notes that the EE&C projects “provide a wider platform to support the Lopez group’s mission of forging collaborative pathways for a decarbonized and regenerative future.”

Pi Energy chairman, Frederico R. Lopez, spoke on the potential for eco-friendly energy in the future stating that:

 “Energy efficiency is the low-hanging fruit for decarbonization efforts and should be viewed as the first fuel that any economy must grant ‘priority dispatch’ before it optimizes traditional fossil fuels and renewable energy sources.”

He adds that EE&C is “the least cost option and fastest means to increase available energy capacities and abate greenhouse gas emissions.”

He conveyed “it is still quite rare that energy developers team up to execute a business partnership dedicated to EE&C project assets across multiple ESCOs (energy service companies) and multiple end-users.”

Source: Manila Bulletin