An agreement was signed between Aboitiz Power and JERA of Japan to work together on determining whether ammonia and hydrogen may be developed as substitute “greener” fuels for generating electricity.
During the third day of President Ferdinand Marcos Jr.’s official visit, the Philippines and Japan inked 35 investment agreements and pledges, including the memorandum of understanding (MOU) between the two companies.
In accordance with the MOU, AboitizPower and JERA agree to work together to analyze the viability of ammonia-fired power generation and to continue to expand the ammonia and hydrogen value chains in the Philippines.
The agreement is thought to promote the decarbonization of the Philippines and AboitizPower.
Since 2021, when JERA purchased a 27% share in the company, the Japanese company has been a strategic partner of AboitizPower. The partnership’s main goal is to investigate next-generation technology. GMA Integrated News, VAL