Kawasaki, Aboitiz eye Philippine launch for renewable energy tech - Nikkei Asia
Kawasaki, Aboitiz eye Philippine launch for renewable energy tech - Nikkei Asia
MANILA/TOKYO -- Philippine conglomerate Aboitiz and Japan's Kawasaki Heavy Industries are setting out to build a renewable energy model for developing countries that can provide electricity as reliably as coal or natural gas.
The partners' test bed for this technology is the Philippines, a regional leader in renewables that aims to have 50% of its power come from these sources by 2040.
Related Knowledge Center: ENERGY BASICS: renewables
Renewable energy sources — once the fuel of the future, then practical in specific, narrow applications — are increasingly economic mainstream sources of power generation. Hydropower was long the mainstay of U.S. renewable electricity generation, although wind power surpassed hydro for the first time in 2019, and solar continues its rapid growth. The continued growth of wind and solar, with their fluctuations, is tied in part to improvements in storage technology: batteries.