Ingrid Power Holdings Inc., a joint venture of ACEN Corp. and Axia Power Holdings Philippines Corp., plans to put up a 270-megawatt battery energy storage system in Barangay Malaya, Pililla, Rizal that will cost nearly P7 billion.
IPHI said in a report to the Department of Environment and Natural Resources the project would address the need for energy storage systems to handle the ancillary or reserve requirement of the power grid.
It said the Pililla BESS would be operated with energy time-shifting or energy arbitrage as its primary function. The plant will charge from the grid when there is excess energy and electricity marginal prices are low.
The stored energy will then be discharged and sold to the grid during high-power demand and high electricity market prices.
The charging and discharging from the grid will be via the 230-kilovolt Malaya Substation of…