August 13, 2024 
 
 In the recent Annual Stockholders' Meeting held on May 30, First Philippine Holdings (FPH) shared exciting updates on its strategic initiatives. Francis Giles B. Puno (President and COO) highlighted various achievements and plans across FPH's diverse platforms.                                            A notable announcement was the partnership between First Philec and Nascent Batteries. First Philec, a key player under the FPH umbrella, is a pioneer and leader in transformer solutions in the Philippines. While its portfolio focuses on power distribution solutions, its product innovation goes into initiatives and solutions for the transitioning grid, including EV chargers and energy storage. This prompted First Philec's partnership with Nascent Technologies, a local organization composed of talented Filipino scientists and engineers looking for ways to develop sustainable sodium ion battery storage as an alternative to the looming scarcity of Li-ion energy storage. First Philec is set to lead the funding round for Nascent Batteries, a promising startup specializing in innovative battery solutions.                                                                    The partnership with Nascent Batteries is expected to drive significant advancements in the field of battery energy storage, aligning with FPH's vision of fostering sustainable and resilient energy infrastructures.                                                                                 About FPH                                              First Philippine Holdings (FPH) is a leading holding company in clean energy, real estate, manufacturing, and construction industries in the Philippines. Since 1961, FPH has been a trailblazer, focusing on sustainable practices for a better future. Their clean energy portfolio aims to reduce coal dependence and uplift community lives.                         Know more                                                                                             About First Philec                                              First Philec is a leading provider of electrical distribution equipment and solutions in the Philippines, serving various sectors for nearly sixty years. As part of the Lopez Group, it supports manufacturing and technology investments to boost the country's economy and enhance global competitiveness.                         Know more                                                                                             About Nascent                                              Nascent Technologies, headquartered in Metro Manila, Philippines, is an emerging energy leader in the nation's shift towards renewable energy sources. Specializing in battery energy storage technology for both stationary and transportation applications, Nascent Technologies recognizes the critical role of energy storage in balancing the variability of renewables and meeting growing energy demands. With a focus on decarbonizing industries, Nascent Technologies emphasizes the potential of emerging energy storage solutions to support the clean energy transition, aiming to lead Southeast Asia in providing innovative and effective solutions for a sustainable future.                         Know more