CostPlus to provide PH with hydrogen fuel cell technology

Technology firm CostPlus Inc. will provide the Philippines with access to hydrogen fuel cell technology.

In a press release, the firm said this is a critical step towards achieving energy independence and reducing the nation’s carbon footprint.

During President Ferdinand ”Bongbong” Marcos Jr.’ state visit to India, CostPlus CEO Anand Mahtani formally signed a Letter of Intent, marking the start of a groundbreaking partnership that is focused on the introduction of advanced hydrogen fuel cell technology into the Philippine market.

The partnership will provide the country with state-of-the-art energy solutions to meet its growing demand for clean, renewable energy—particularly in off-grid communities.

“CostPlus Inc. has always been at the forefront of technological innovation, particularly in the field of renewable energy,” Mahtani said in a press release.

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“This partnership marks an exciting opportunity to accelerate the Philippines’ transition to green energy while creating local jobs and contributing to a more sustainable future for our country,” he added.

The firm also said the signing of the LOI ”further solidifies the Philippines’ commitment to share a vision for technological advancement and environmental sustainability.”

Further, CostPlus is constructing LED carbon batteries manufacturing facilities in the Philippines.

CostPlus is also seeking to create meaningful opportunities between the Philippines and India via an open dialogue with Invest India. — Anna Felicia Bajo/RF, GMA Integrated News

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