International Interest in Philippines' Hydrogen Exploration Potential
Key Ideas
- Companies from Australia, Europe, and North America show interest in developing hydrogen sources in the Philippines for power generation.
- DOE pleasantly surprised by the high level of international interest in bidding for hydrogen contracts in the country.
- DOE policy offers incentives for investments in hydrogen energy to secure power supply and promote renewable energy use nationwide.
- Hydrogen exploration seen as a way to reduce dependence on imported fossil fuels and achieve a low-carbon future.
The Department of Energy in the Philippines has attracted interest from numerous companies across Australia, Europe, and North America for the development of hydrogen sources in the country, specifically for power generation. Energy Undersecretary Alessandro Sales expressed the department's astonishment at the substantial international interest in participating in future hydrogen contract bidding processes. The DOE has offered two areas in Zambales and Central Luzon for hydrogen exploration and plans to evaluate proposals in August. Energy Secretary Raphael Lotilla highlighted the discovery of natural hydrogen deposits in Mali and Europe as a driver for European entities' interest in the Philippines' hydrogen potential. A recent DOE policy aims to incentivize investments in hydrogen energy to ensure power supply security and promote renewable energy use. The policy offers various incentives for hydrogen energy projects focused on green hydrogen production for power generation and other applications. The government views hydrogen as a cleaner energy source that could enhance energy security by reducing reliance on imported fossil fuels and supporting the country's low-carbon future goals.