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Where is the Philippines' first lithium-iron-phosphate battery factory located?

NEW CLARK CITY — President Ferdinand Marcos Jr. led the inauguration of the Philippines’ first manufacturing plant for lithium-iron-phosphate batteries here on Monday. The new St Battalion (StB) Giga Factory, funded by the Australian investment firm St Baker Energy, is located at the Filinvest Innovation Park in New Clark City.

Will a lithium-ion phosphate battery plant be built in the Philippines?

The founder and deputy chair of Australian-based investment firm St Baker Energy Innovation Fund plans to establish a lithium-ion phosphate battery manufacturing plant in the Philippines with annual production capacity of 1.2 GWh by the end of the decade.

How many EV batteries will the Philippines produce a year?

He added that the company aims to produce two gigawatt-hours (GWh) of batteries annually by 2030. This output is projected 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.

Who funds Phlippine's first lithium battery factory?

The Phlippine’s first lithium battery factory is funded by Australian equity firm, StB Capital Partners. This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: [email protected].

Why should the Philippines invest in a battery manufacturing plant?

The President highlighted the importance of the battery manufacturing plant, calling it a major investment in a key industry that aligns with the country’s shift to renewable energy. “This facility runs in tandem with the Philippines’ renewable energy landscape as we transition our country to renewable energy.

Where is lithium iron phosphate (LFP) battery made?

Image: Philippine Board of Investments An Australian-funded lithium iron phosphate (LFP) battery gigafactory has hit go on its production line in the Philippines, 113 kilometres northwest of Manila in the Filinvest Innovation Park (FIP), New Clark City.

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