The Philippines has emerged as a notable contender in Southeast Asia’s escalating electricity price race, grappling with persistent energy costs that rank amongst the region’s highest. The surge in the cost of imported fuels and essential resources, such as coal, on the global market has placed a heavy burden on the country’s power generation expenses. Consequently, consumers are facing the brunt of this financial strain as escalating costs are being transferred onto them.
The nation’s energy crisis is far from a mere statistic, and as the situation grows increasingly dire, a cadre of proficient Filipino engineers and experts are stepping forward with a solution. This endeavor, spearheaded by a trio of Ateneo graduates and Filipino visionaries — Sergius Santos, Matt Tan, and Bradley Cua — has culminated in the establishment of SolX, a pioneering digital energy solutions platform targeted towards alleviating the energy predicament, particularly for prominent businesses within the Philippines.
Backed by robust support from New Energy Nexus, in addition to investments from Foxmont Capital and esteemed Japanese institutional investor Leave a Nest Capital, SolX has undertaken a steadfast mission. Their goal is to equip companies with the tools to make astute decisions regarding their energy consumption, ameliorating their expenditure in the process. Central to this effort is SolX’s all-encompassing digital energy platform, which intricately guides businesses in selecting optimal power contracts, identifying the most suitable Retail Electricity Supplier (RES), and skillfully negotiating for optimal value — all facilitated through their cutting-edge demand-supply matching technology.
“With almost every major Philippine conglomerate venturing into energy, we at SolX believe that our technology can serve as an exponential multiplier for all stakeholders. To date, our system has helped our clients save an average of 25% or over PHP300M on their energy costs by going a level deeper and providing them contract optimization and insights on demand charges to further the savings,” according to Sergius Santos, CEO of SolX.
Functioning as a versatile energy multiplier solution, SolX unfurls a gamut of utilities for its clients. Beyond merely addressing energy needs, the platform empowers businesses to seamlessly locate the most suitable energy supplier. However, the innovation doesn’t stop there. SolX introduces a real-time energy monitoring mechanism that delves deep into clients’ energy consumption patterns, providing a wealth of data and insights to steer cost-effective decision-making.
The imprint of SolX’s technological prowess has already etched its mark upon the nation’s business landscape, capturing the trust of notable industry entities. Notable clients include distinguished brands such as Converge, Bounty Farms and Bounty Fresh, Pryce Gas, Splash Corporation, Asian Coatings (Rain or Shine), Digital Edge, Steel Corporation of the Philippines, and Bestpak Packaging, to name but a few.
“The 2020-2040 Philippine Energy Plan (PEP) advocates for the development and use of existing and emerging technologies in the most efficient and sustainable manner. Our technology is your best choice in finding the perfect energy supplier for your business as we connect you directly to the right power plants through the right retail electricity suppliers to select the best energy portfolio for you,” said Matt Tan, COO of SolX.
In the throes of escalating energy prices, a singular beacon of hope shines. SolX, an entirely homegrown enterprise, presents a comprehensive solution to efficiently manage costs and consumption within a singular platform, serving as a testament to Filipino ingenuity and innovation.
To glean further insights about SolX’s pioneering strides, interested parties are encouraged to visit the official website or establish contact via email [email protected].