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Inauguration of the StBattalion (StB) Giga Factory

New Clark City, Tarlac September 30, 2024 In a significant move towards sustainable energy, President Ferdinand R. Marcos Jr. inaugurates the StBattalion (StB) Giga Factory — the Philippines' first manufacturing plant for lithium-iron-phosphate batteries — in a ceremonial switch-on at the Filinvest Innovation Park in New Clark City, Tarlac on September 30, 2024. Funded by the Australian investment firm St Baker Energy, this project was part of the investment commitments announced at the ASEAN-Australia Special Summit in March, during which President Marcos Jr. secured PhP86 billion worth of business deals. StB Giga is the first locator at the Filinvest Innovation Park within the 9,450-hectare New Clark City managed by the Bases Conversion and Development Authority (BCDA). It is expected to generate around PhP5 billion annually once it reaches full capacity, providing 2,500 jobs for local engineers, technicians and administrative staff. The company aims to produce two (2) 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. In addition to battery production, StB Giga plans to expand into the EV market, aligning with the Administration’s vision to develop a local EV industry and reduce dependence on imported fuels. Once StB Giga reaches its target capacity, the company will have invested around US$35 million in the Philippines. *** Connect with RTVM Website: http://rtvm.gov.ph Facebook: www.facebook.com/presidentialcom and www.facebook.com/rtvmalacanang YouTube: @RTVMalacanang Tiktok: @RTVMalacanang

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