StB Giga Factory disclosed plans to establish two additional facilities in the Philippines to enhance its battery manufacturing capabilities, with an estimated total investment of P10 billion by 2030.
StB Giga head of business Development Paulo Salvador said the growing domestic demand for advanced energy storage solutions supports the country’s shift towards sustainable energy.
“Due to this demand, we are establishing a local entity and planning two more facilities, with a target of reaching 2 gigawatt-hours [GWh] by 2030, operating around the clock,” he said over the weekend.
StB Giga’s initial P5-billion investment paved the way for the construction of a newly-inaugurated plant, equipped with an initial capacity of 200 to 300 megawatt-hours (MWh). The facility aims to increase production capacity to 600 MWh within two years to address local market demands.
Located at the Filinvest Innovation Park in New Clark City, Tarlac, the facility was inaugurated on Sept. 30, 2024.
“This investment sends a message to the world, [that] the Philippines is now ready to innovate [and] lead to become a go-to destination for high-tech, high-impact investments,” Salvador said.
The plant, funded by Australia-based StB Capital Partners, will generate about 2,500 direct and indirect jobs, including 500 positions focused on engineering, technical, finance and administrative roles, aligning with the government’s mission to address the nation’s “brain drain” by providing high-skilled job opportunities locally.
StB Giga anticipates contributing over P5 billion annually to the local economy, with revenue streams benefiting a network of businesses, suppliers and partners.
The facility’s production line, which has an annual capacity of 300 MWh, will produce batteries for around 6,000 electric vehicles (EVs) or 60,000 home battery systems.
By 2030, the plant aims to expand production to 2 GWh per year, enough to support about 18,000 EVs or 400,000 home battery systems.
StB Giga plans to export about 70 percent of its output to markets in Australia, Southeast Asia, and North America, while the remaining production will serve domestic demand in the Philippines.
