Professional Documents
Culture Documents
Company Mission
Company Nature
Maxwell Renewables has been producing hydrogen for energy purposes since 2017. Our
company is known globally to be the first solar and hydro powered hydrogen producer in all of
South East Asia. The company has gone to great lengths on building a safe and reliable control
systems that is up to date and up to the task. The company always ensures the safety of the
production and making sure that its service quality remains high.
Maxwell Renewables is born with the idea of having a true reliable green energy alternative
for the benefit of the environment. It is a solution on the growing problems of the country’s thin
electric reserves and its woes on the effects of climate change.
Engr. Mark Luke Ulit introduced the concept and worked with Engr. Whendell Pentinio
on the feasibility studies of the concept. Engr. Fritz Jervy Buenafe came as an investor and the trio
started the company on January 17, 2017 as a renewable energy producer a first in the Philippine
History.
The Company faced challenges in its inception, since it is the first in the country there are
no policy yet made for this kind of technology. The company with the help of Engr. Adrian Justine
Manalo helped with the drafting of the Memorandum of Agreement of the company with the
Department of Energy and the Department of Environment and Natural Resources and they
subsequently provided a detailed policies regarding Large Scale Hydrogen Production for
Electrical Production and recommended a legislation to the Philippine Congress.
After sorting the policies regarding its operations, the company is allowed to register with
the Securities and Exchange Commission as a start up company in the energy industry. With this,
the company grew bigger with the arrival of investors such as Engr. Bernard Baldesco, Engr. Justin
Shane Ledesma, and Engr. Karl Custodio. The Company’s board stood the ground for the inception
of its first facility at Ilijan, Batangas City with the help of its investors. The company opened its
Ilijan Facility mid-2019 and started full operational capability in the first quarter of 2022.
The company inked a deal with KEPCO Ilijan Corporation (KEILCO) to retrofit and
convert its fuel source from natural gas into hydrogen. The first part of the partnership is riddled
with challenges, with the monsoon season peeping in, the solar power wasn’t generating enough
to power the electrolyzers that produces the hydrogen, and the Ilijan Power Plant is nearly losing
its reserve hydrogen fuels. With this in mind, the company inked another deal with San Miguel
Corporation to procure 50% of the energy produced by the joint venture Batangas Tidal Power
Farm off the coast of Batangas Province with the supervision of the Philippine Government to
supplement the reserves of the Ilijan Power Plant. After the configurations of the system, and the
upgrades in the utilized equipment such as the electrolySer, command control systems, and the
With this ground breaking achievement the company made headlines internationally. The
company is named by the nation’s President as the Country’s Premiere Renewable Firm, the
Department of Science and Technology together with the Department of Energy and Department
of Environment and Natural Resources acknowledge the achievement the company has made.
With the succeeding years, the company grew exponentially and is set to become the
country’s top company by year 2026 if the projections are set into stones. The company went into
great length to secure its operation even with the pandemic ravaging the world. The company put
in place a skeletal and virtual workforce and never once let go an employee as the company did
not suffer too much losses. The company also provided all of its employee with great benefits to
say afloat in the crisis.
The company is proud to produce a reliable green energy for the country’s need and
development. With all this in mind, Maxwell Renewables will continue to grow to improving the
service that we so deeply care, and to the continuing development of the technology for a better
and efficient production.
Maxwell Renewables Incorporated aims to provide the best green alternative to fossil fuels.
The services we offer are well-planned and executed with a high degree of care and accuracy. It is
in the core of the company to render service that of international standards.
Completed Projects
The Ilijan Power Plant Conversion is one of the biggest projects of the company with
partnership with San Miguel Corporation. The conversion into hydrogen made the biggest
power plant in the country green and carbon free. The plant originally outputs 1200MW at
maximum but in practice the plant only produces 1000MW due to high prices of fossil fuels.
The locally sourced hydrogen made it possible to run the Power Plant in its 100 percent
Capacity of 1200MW plus an upgraded capacity of another 1920MW totaling 3100MW
capacity, with enough hydrogen reserves for emergency situations.
Figure 2: Electrolyser at Ilijan Facility Figure 3: Inside of the Electrolyser (Ilijan Facility)
Pantabangan Hydrogen Fueled Power Plant is a venture of the Philippine Government and
Maxwell Renewables within the BOT agreement. The company is set to build the facility
within 4 years’ time and the company will be operating the facility within 50 years to
recuperate its investment. The facility will be transferred to the National Government after
the company’s tenure. The Facility is a hydrogen fueled power plant that is able to output
1800 MW of power that will free up the congested National Electric Grid. The government
ensured that the facility will receive 70% of its raw power input through the Pantabangan
Dam Hydro Power Plant and the company is then to build a solar farm to meet its 30% raw
power input requirement.
The country’s electrical supply is far from reliable. Frequent power shortages and blackout
became the norm of this country. The Philippines is in need of more source of electricity and it
needs it clean and reliable. As the country also suffers the worst effects of the climate change, the
country needs to stick to its policies that going green energy is the best solution for its future. For
this, the Mindanao and Visayas Region is sparsely electrified and experiences more frequent power
shortages than Luzon. For this reasons, Maxwell Renewables is proposing the construction of
Mindanao Hydrogen Fueled Power Plant to be situated at Lanao Del Norte near the Maria Cristina
Falls Hydro Power Plant.
• Diversify and spread the source of electric power all throughout the Philippine
Archipelago,
• To reduce the reliance of the country on fossil fuels and making hydrogen fuel the biggest
contributor of electric power in the country,
• To provide the country’s overwhelmed electric grid a much-needed boost in its capacity.
Given the instability of fossil fuels prices that the country has no control, Maxwell Renewables
is offering the best alternative to lessen the dependency of the country on imported commodities
to produce electricity. This would be a great indicator that the public can be charged less for electric
consumption as the country will be paying significantly less price for our hydrogen.
The company’s model “The Green Hydrogen Production” has been a success based on the
Ilijan and the ongoing Pantabangan Project. The company is confident on the results and credibility
of the service rendered on the previous projects. The process of Electrolysis is better refined by
the research and development team of the company. The proposed project will be utilizing all the
updated equipment such as the new gas turbines, the new command and control systems, and the
improved solar panels that have been commission from Panasonic Japan.
B. Description
1.1 Procurement Process. Maxwell Renewables have made sure that all the required
assets and equipment necessary for the project. Making sure to ink partnerships
with both local and international firms for ma better and reliable service delivery.
2. Construction of the Main Facility
Maxwell Renewables have acquired a 15-hectare lot 500 meters from Maria Cristina Falls,
2 hectares of it will serve as its integrated power facility, where it will be the production
site of both the hydrogen and the gas turbines for a much efficient production of power.
This is the first of its kind, its predecessors the Ilijan and Pantabangan Projects have
separate facility for its electrolyzer and gas turbines connected by series of pipelines. The
decision has been made to integrate these two facilities, for easier maintenance and much
safer operations as there are less points of errors and less pipelines to be the source of
leakage.
AMOUNT
BUDGET LINE PROPOSED
DESCRIPTION NEEDED
ITEM SOURCE/S
Projected
Income for Year 1 Year 2 Year 3 Year 4 Year 5 Year 6`
Investors
Mindanao 25,000,000 35,000,000 45,000,000 55,000,000 65,000,000 75,000,000
Project PHP PHP PHP PHP PHP PHP
The company projects a 10 million increase per year of income from the investments due
to the ever-increasing demands in electricity. These demands grow as the population also grows.
This figure tends to fluctuate but if demands increase by larger margins the profit will also increase.
Time Table
Engr. Justine
Shane
Hydrogen is an energy carrier that can transform an economy dependent on fossil fuels into
a hydrogen economy that can provide a zero-emission transportation fuel. Hydrogen is an energy
carrier that can be used in internal combustion engines and fuel cells, and when burned with
oxygen produces virtually no greenhouse gas emissions. The only emissions of note are water
vapor. Climate change is a serious problem and is becoming increasingly apparent to large
segments of the population. Increasing CO2 concentration directly contributes to the global
warming phenomenon. Hydrogen is an energy carrier that can be produced and converted into
energy in a variety of ways. Electrolysis of water is considered the cleanest way to produce
hydrogen. Electrolysis of water requires electricity, which can be supplied from clean and
The company’s model is to rely solely on other renewable sources of energy to produce
the raw power to be used for the Electrolysis process. Mainly we use solar farms for daytime
operations and use hydro power for night-time use. With this model, we are able to produce round
the clock hydrogen in controlled and reliable manner.
The Solar Panel Farm is a10-hecare wide solar farm that will be able to power the Main
Facility and also be able to supplement the National Grid if needed.
The proposed location of the site is within 500meters of the Maria Cristina Hydro Electric
Power Plant that is to be 15-hectares in area.