And it is the Energy Development Corporation who is the largest producer of the Philippines’ geothermal energy. The company, formerly owned by state corporation, Philippine National Oil Company, is involved in several renewable energy sources, including hydro and wind energy projects. These all combine to support the overall purpose of the business; pioneering better ways of providing clean and reliable fuel for everyone.
In carrying out this work, the EDC is producing much more than renewable energy, providing needed jobs to those in the Philippines - an alternative to work in deforestation. This not only protects existing forests, but is complemented by the EDC's work to reforest bush and grasslands on the island. Additionally, they share the economic value of the electricity production with the community. This is done through the provision of health care services and education.
So what is geothermal energy?
Geothermal energy is heat from the earth and is an energy source that can be found just about anywhere, from remote, deep wells in Indonesia, to our own gardens.
It is an affordable and sustainable solution to reducing dependence on fossil fuels, and the global warming and public health risks that result from their use. UCSUSA states that, “…more than 8,900 megawatts (MW) of large, utility-scale geothermal capacity in 24 countries now produce enough electricity to meet the annual needs of nearly 12 million typical U.S. households (GEA 2008a).”
But energy production in the Philippines isn’t the only the EDC is doing, the company is taking its knowledge and experience from the volcanic backyard of the Philippines, to explore new geothermal frontiers across the world. And it is through this exploration that they determine the existence and viability of other geothermal energy sources.
- Find out more about Energy Development Corporation and the work they are doing in the Philippines.