As the Aboitiz Group embarks on a Great Transformation to become the country’s first “techglomerate” by 2025, the company’s energy arm is making great strides in achieving this ambition.
AboitizPower President and CEO Emmanuel V. Rubio said they are transforming their business through digitalization and innovation. At the same time, they are getting closer to their ambition to grow their Cleanergy portfolio. Cleanergy is AboitizPower’s brand for clean and renewable energy.
“We have nearly 1,000 megawatts of disclosed renewable energy projects so far, all of which are expected to be delivered within the next three years. With this, we are on track to deliver an additional 3,700 MW of renewable energy capacity by 2030 as part of our decarbonization journey,” he said.
AboitizPower announced last year its goal of generating net attributable capacity of 9,200 MW by the end of the decade, half of which will come from renewable energy and with no new coal-fired power plant. With this development, Rubio said they are “very optimistic” about achieving their goal.
“We look forward to completing these projects to continue meeting the country’s growing energy needs with renewable energy and contributing to a sustainable energy transition,” he added.
AboitizPower’s decarbonization journey is bolstered by its innovation and digitalization initiatives. These are at the forefront of the organization’s growth strategy and play a crucial role in the Great Transformation.
The Aboitiz Group is in full swing in its transition to becoming a “techglomerate” or conglomerate that strongly integrates technology and design thinking into all of its production, services and processes.
In partnership with Aboitiz Data Innovation, AboitizPower has launched its Data Innovation Program to strengthen its foray into artificial intelligence (AI), data science and new technology applications. The program aims to create shared value within the company and for all its stakeholders, impacting electricity costs and improving energy reliability and security in the country.
Rubio underscored the importance of innovation and data science to make meaningful progress in changing business outcomes and benefiting consumers. For AboitizPower, this is a concerted effort to drive innovation and data science. It is a driving force on all business fronts, including production, distribution and commercial operations.
The company is exploring various innovation projects proposed by members of the AboitizPower team to relaunch its data innovation program. These include battery optimization, predictive analytics, and smart benchmarking of existing assets, to name a few.
“We leverage technology and innovation to improve our operations and better serve our customers. This way we can bring more value to the communities where we operate,” Rubio said.
AboitizPower will continue to pursue innovative energy solutions towards a more sustainable future and strive to transform energy to fuel progress and contribute to prosperity for all.
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