MERALCO PowerGen Corp. (MGen) on Friday said that it had switched on the first phase of its MGEN Toledo battery energy storage system (BESS) project in Cebu.
"Cebu is a key demand center in the Visayas and an important part of the MGen portfolio. The energization of the Toledo BESS marks an important milestone for the Visayas grid and reflects our continuing commitment to support a more reliable, resilient, and sustainable energy system," MGen President and CEO Emmanuel Rubio said in a statement.
Developed through MGen subsidiary Toledo Energy Development Corp., the system is capable of delivering 56.44 megawatt-hours (MWh) for both its first and second phase of operations.
The facility utilizes advanced lithium-ion technology to store electricity from both renewable and conventional power sourced via the Wholesale Electricity Spot Market.
The project’s second phase is scheduled for completion in June 2027, subject to regulatory clearances.
MGEN parent firm Manila Electric Co.'s (Meralco) share price fell by P14.50 to close at P645.50 apiece on Friday.
