Connect with us

Hi, what are you looking for?

Economy

Meralco, US firm offer solar storage systems

THE renewable energy arm of Manila Electric Co. (Meralco) has partnered with California-based supplier Enphase Energy, Inc. in distributing the latter’s micro inverter-based solar storage systems within the country, the US firm said on Monday.

MSpectrum, Inc. is set to distribute Enphase’s seventh-generation microinverters, including IQ 7, IQ 7+™, IQ 7A™, and IQ 7X™, to residential and commercial installers in the Philippines.

According to a press statement, Enphase microinverters are subjected to a rigorous reliability and quality testing regimen, and they can operate in hot, humid and coastal conditions.

“We are proud to provide Enphase Energy seventh-generation microinverters in the Philippines,” Robert Marlon T. Pereja, chief operating officer of MSpectrum, said in a statement.

“This next-generation technology will benefit solar customers through its high performance, flexibility, reliability, and most importantly, safety, due to the rapid shutdown device (RSD) built into Enphase microinverters,” he added.

For Enphase chief commercial officer Dave Ranhoff, the country’s solar market is promising for the residential and small commercial rooftop market segments.

“We believe Enphase’s unique value proposition of high-output performance and flexible installation, as well as a safe low voltage all-AC system architecture and rapid shutdown capability, resonates well in the Philippines solar market,” he said.

Meralco’s controlling stakeholder, Beacon Electric Asset Holdings, Inc., is partly owned by PLDT Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., that has interest in BusinessWorld through the Philippine Star Group, which it controls. — Angelica Y. Yang

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Investing

There is growing concern that free, face-to-face advice which helps hundreds of thousands out of debt each year could be cut. New contracts from...

Investing

The Bank of England’s new chief economist has warned that UK inflation is likely to hit or surpass 5% by early next year. Huw...

Economy

By Luz Wendy T. Noble, Reporter  The Philippines expects to narrow its budget deficit, with the government having raised tax collections as of end-September amid a coronavirus...

Economy

The Philippine economy is expected to grow by 4.3% this year — slower than originally expected — due to recurring coronavirus infection surges in the region, according to the ASEAN+3 Macroeconomic...

Economy

By Luz Wendy T. Noble, Reporter The Philippine central bank sold P100 billion worth of 28-day bills on Friday, with rates slipping as it...

Economy

The Department of Health reported 5,823 coronavirus cases on Friday, bringing the total to 2.7 million.  The death toll rose to 41,520 after 283 more patients...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Economy

Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Economy

Pfizer Inc on Wednesday raised its 2021 sales forecast for its COVID-19 vaccine by 29% to $33.5 billion, and said it believes people will...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.



Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!