(Last Updated On: October 20, 2021)
Converge ICT Solutions said it will get its clean power from First Gen Corporation (First Gen), a leading power generation company in the Philippines and switching to 100% renewable energy for its main office in Pasig City.
First Gen will provide a maximum of 1.5 megawatts during the first year, increasing to 2.5 megawatts through its second year. Purchasing a total of 2.5 megawatts (MW) of geothermal energy up to 2023, Converge disclosed to the stock market.
According to Converge CEO Dennis Anthony Uy, “The clean energy that First Gen will provide for our head office in Pasig complements our business in more ways than one. It reflects our choices as a responsible company that wishes to do its share for the environment,”
“Aside from helping save the environment, we also expect operating cost savings, although this isn’t the primary reason for the switch. Our driver for partnering with First Gen is to reduce our greenhouse gas emissions and give back to the planet,” said Converge President and Chief Resources Officer Grace Uy.
Converge ICT Solutions is taking a first major step to achieve their goal of a low carbon future and commiting to the sustainability with greener options for its operations. First Gen Corporation (First Gen) and Converge ICT Solutions Inc. has a two year supply contract and will become effective on September 26.
Converge ICT share price recovered for the second day of trading and close with a 5.97% gain for the day.