Digital energy solutions company SolX eyes to expand its customer base after signing an investment agreement with foreign investment firms Foxmont Capital Partners and Leave-A-Nest Investment in Makati City yesterday.
SolX runs a platform that can be tapped by companies in simplifying energy management, eventually leading to reduced consumption and power rates.
SolX said its platform removes the inconvenience of finding a suitable energy supplier for businesses and creates a competitive system for energy suppliers while enabling efficient supplier-buyer matching to maximize the benefits of Retail Competition and Open Access (RCOA) and the Green Energy Option Program (GEOP).
Under the current provisions of RCOA, companies are allowed to make a choice on their energy supplier if they have a monthly consumption of at least 500 kilowatt hours. GEOP meanwhile provides consumers with the option to source RE from a licensed supplier as opposed to consuming what is supplied by the distribution utility in their area.
Companies can tap SolX’ services for a minimum of a monthly fee of P15,000 to a maximum of P60,000 depending on services availed or either be under fixed fees or service-based fees.
To date, SolX has helped facilitate over 100 bids for over 50 clients including Converge ICT, Bounty Farms and Bounty Fresh, Pryce Gas, Splash Corp., Asian Coatings (Rain or Shine), Digital Edge Philippines, Steel Corporation of the Philippines and Bestpak Packaging, among others.
