Converge to buy clean energy from First Gen


Converge ICT Solutions Inc. has committed to purchase geothermal energy from First Gen Corp. for it to shift to a 100-percent renewable energy source in its headquarters in Pasig.

Dennis Anthony Uy, the chief executive officer of Converge, said the deal involves the acquisition of 2.5MW of geothermal energy from First Gen through 2023.

“The clean energy that First Gen will provide for our head office in Pasig complements our business in more ways than one. It reflects our choices as a responsible company that wishes to do its share for the environment,” he said.

First Gen Chairman Federico Lopez lauded Converge for actively reducing its carbon footprint through renewable energy.

The clean energy will be sourced from Tongonan geothermal power plant in Leyte, with the energy firm providing a maximum of 1.5 megawatts during the first year, increasing to 2.5 megawatts through its second year.

“The 2.5MW of purely renewable energy from Tongonan geothermal power plant owned by our subsidiary Energy Development Corp. will bring Converge one step closer to reducing its carbon footprint, and as we’d like to say – powered by good,” he said.

Converge President Grace Uy noted that this shift will also allow the company to reduce its energy costs.

“Aside from helping save the environment, we also expect operating cost savings, although this isn’t the primary reason for the switch. Our driver for partnering with First Gen is to reduce our greenhouse gas emissions and give back to the planet.”

Read full article on BusinessMirror

Leave a Reply