Gen X Energy, ACE Enexor to co-develop Philippine LNG, green H2 project

EMEC hydrogen storage cylinders (Credit Colin Keldie)

January 18 (Renewables Now) - Gen X Energy and a unit of AC Energy Corp plan to jointly develop a 1,100-MW combined cycle power plant project in the Philippines with the capability to use both natural gas and green hydrogen as its fuel.

Gen X Energy announced this on Monday, saying it has entered into a joint venture with ACE Enexor Inc to each hold a 50% interest in the Batangas Clean Energy project. The plant will be built in the Batangas Bay Area of the Philippines, close to the load centre of Metro Manila.

The purpose of the project is to provide firm power to the grid to cater to the growing energy demand in the country and cut its reliance on coal-fired power generation, the announcement says. It did not give further details about the green hydrogen component of the scheme.

Join Renewables Now's free daily newsletter now!

More stories to explore
Share this story
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription