Global innovation platform Plug and Play announced today that AboitizPower, a leading energy
company in the Philippines, will be its newest Anchor Partner of the Smart Cities Innovation
Program in the Asia Pacific (APAC) Region.
AboitizPower will work hand in hand with Plug and Play APAC to discover new technologies and
trends to accelerate its 10-year renewable energy growth strategy to achieve a 50:50 balance
mix between its thermal and renewable portfolios by 2030. The partnership will also boost
AboitizPower’s digitalization strategy, which is a key driver of its sustainable energy
transformation journey.
“Sustainability has always been at the core of AboitizPower’s operations. Our balanced mix
strategy has enabled us to supply our customers with reliable and affordable energy while
keeping our environmental impact at a minimum. We expect that our partnership with Plug and
Play will provide us with increased agility, adaptability, and innovative solutions that will allow us
to achieve our growth aspirations and build a more sustainable future,” said Emmanuel V.
Rubio, President and CEO, AboitizPower.
“With increasing uncertainty comes opportunities for adaptation. At AboitizPower, we believe
that we must innovate to both sustain our current business and to create the future of energy.
We believe that we cannot do this alone and that we must do this as a community. It is with
belief that we join the Plug and Play community.” said Carlos Aboitiz, Chief Corporate Services
Officer, AboitizPower.
“We’re delighted to have AboitizPower, the largest subsidiary of the Philippines’ most respected
conglomerate Aboitiz Group, join the Plug and Play global innovation platform. Our goal is to
provide the line of sight into the most innovative startups shaping the future of sustainable
energy as well as digital transformation across other relevant Smart Cities industries,” said
Shawn Dehpanah, Executive Vice President and Head of Corporate Innovation and Investment
at Plug and Play APAC.
Plug and Play's Smart Cities startups will now be able to work alongside AboitizPower and
collaborate on new ideas and relationships towards its ‘4D’s Modern Energy System strategy
including Decarbonization, Digitalization, Decentralization and Democratization. Some of the
key focus areas this year include Hydrogen, DERs & Virtual Power Plants, Energy Marketplace
Platform, Carbon Capture & Storage and EV/EV Infrastructure.
About AboitizPower
AboitizPower is the holding company for the Aboitiz Group’s investments in power generation,
distribution, and retail electricity services. It advances business and communities by providing
reliable and ample power supply at a reasonable and competitive price, and with the least
adverse effects on the environment and host communities. The company is one of the largest power producers in the Philippines with a balanced portfolio of assets located across the country. It is a major producer of Cleanergy, the company’s brand for clean and renewable energy with several hydroelectric, geothermal, and solar power generation facilities. AboitizPower, together with its partners, is the Philippines’ largest owner and operator of renewable energy based on installed capacity. It also has thermal power plants in its generation portfolio to support the country’s baseload and peak energy demands.
The company also owns distribution utilities that operate in high-growth areas in Luzon,
Visayas, and Mindanao, including the country’s second and third largest private utilities.
In the next 10 years, the company will significantly expand its Cleanergy portfolio, in support of
the government's efforts to promote renewable energy in the country. AboitizPower will build an
additional 3,700 MW of renewable energy, growing its existing Cleanergy capacity threefold by
2030.
About Plug and Play
Plug and Play is a global innovation platform. Headquartered in Silicon Valley, we have built
accelerator programs, corporate innovation services and an in-house VC to make technological
advancement progress faster than ever before. Since inception in 2006, our programs have
expanded worldwide to include a presence in over 35 locations globally, giving startups the
necessary resources to succeed in Silicon Valley and beyond. With over 30,000 startups and
500 official corporate partners, we have created the ultimate startup ecosystem in many
industries. We provide active investments with 200 leading Silicon Valley VCs, and host more
than 700 networking events per year. Companies in our community have raised over $9 billion
in funding, with successful portfolio exits including Danger, Dropbox, Lending Club and PayPal.
For more information: visit www.plugandplayapac.com
As an in-house venture capital, our goal is to fund the teams that are building the defensible businesses of the future. By leveraging our capital, our network of VCs, and our corporate partners, we give our portfolio companies an added advantage. Find out more here!
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