The launching of the PhP7-billion batteries manufacturing plant in the Philippines will entice more investors to enter the country’s renewable energy (RE) landscape as it transitions to clean energy amid the threats posed by climate change, President Ferdinand R. Marcos Jr. said on Monday.

The President stressed StB Giga Factory is the country’s first manufacturing plant of advanced lithium iron phosphate batteries.

“This facility runs in tandem with the Philippines’ renewable energy landscape, as we transition our country to renewable energy. Your products could help entice more investors in renewable energy facilities in the country,” President Marcos said during the StB Giga Factory inauguration in New Clark City.

“The upstream and the downstream businesses that will come from this are just going to be tremendous,” he said.

“We also welcome StB Giga’s plan to enter the EV product market in the coming years. This aligns with our plans to develop the country’s EV industry and produce locally-made EVs and EV components, reducing our reliance on imported fuels.”

While renewable energy sources and EVs were once seen as options, their adoption must be prioritized to mitigate the effects of climate change, the President pointed out.

He said every step towards sustainable energy development “is an investment in a brighter, healthier future for our children, for our country.”

President Marcos thanked the entire team behind the StB Giga Factory for taking the leap of faith with the Philippines, emphasizing that it has laid a foundation for a cleaner, greener, and a more prosperous Bagong Pilipinas. | PND