CostPlus keen on hydrogen fuel cells

CostPlus Inc., a local energy firm, and its prospective partners in India are looking at pioneering advanced hydrogen fuel cell technology in the Philippines.

Company CEO Anand Mahtani said CostPlus plans to collaborate with Indian firms in providing energy solutions to meet the country’s growing demand for renewable energy (RE), particularly in off-grid communities.

“CostPlus Inc. has always been at the forefront of technological innovation, particularly in the field of renewable energy. This partnership marks an exciting opportunity to accelerate the Philippines’s transition to green energy while creating local jobs and contributing to a more sustainable future for our country,” Mahtani said.

The company will also explore further investments in RE infrastructure and technology development, ensuring that the Philippines remains a key player in the global transition to clean energy.

The company started building LED carbon battery manufacturing facilities in the country to strengthen the local supply chain.

CostPlus added that it will continue working with Invest India to encourage open dialogue and expand collaboration opportunities between the two countries. This move aligns with the Philippines’ long-term goals of achieving energy security and fostering economic growth through sustainable practices.

Mahtani earlier joined President Marcos Jr. and other business leaders in New Delhi, India. The state visit was meant to strengthen bilateral cooperation.  During the CEO roundtable, Mahtani delivered a speech before the distinguished delegation, highlighting the company’s RE vision and the importance of Philippines–India collaboration.

Last July, the company announced that it partnered with the government to energize a remote off-grid public school with solar energy and energy storage system (ESS).

The company said it designed, delivered, and installed the complete solar and ESS, enabling the Datu Saldong Domino Elementary School in Agusan del Norte to access reliable electricity and high-speed internet for the first time.

CostPlus is the exclusive distributor-manufacturer of Kidlat EV, a Philippine-based provider of sustainable energy and electric mobility, offering solar-powered solutions and electric vehicle charging infrastructure.

Read more: https://businessmirror.com.ph/2025/08/18/costplus-keen-on-hydrogen-fuel-cells/