New Clark City, Tarlac – Philippine President Ferdinand R. Marcos Jr. on Monday inaugurated the country’s first manufacturing plant for lithium-iron-phosphate batteries, a major step towards sustainable energy.
The StBattalion (StB) Giga Factory, located at the Filinvest Innovation Park in New Clark City, Tarlac, was funded by Australian investment firm St Baker Energy.
The project was part of the investment commitments announced at the ASEAN-Australia Special Summit in March, where President Marcos Jr. secured P86 billion pesos (around 1.5 billion USD) worth of business deals.
The factory, the first locator at the Filinvest Innovation Park, is expected to generate around P5 billion pesos (around 85 million USD) annually once it reaches full capacity, providing 2,500 jobs for local engineers, technicians, and administrative staff.
StB Giga aims to produce two gigawatt-hours (GWh) of batteries annually by 2030, enough to support around 18,000 electric vehicles (EVs) or nearly half a million home battery systems, positioning the Philippines as a key player in Southeast Asia’s clean energy storage landscape.
The company also plans to expand into the EV market, aligning with the administration’s vision to develop a local EV industry and reduce dependence on imported fuels.
Once StB Giga reaches its target capacity, the company will have invested around 35 million USD in the Philippines.
Leave a Reply