Lessons from 13 Companies Qualifying for the Third Green Energy Auction

Lessons from 13 Companies Qualifying for the Third Green Energy AuctionAs we kick off a new year in the world of renewable energy, it's exciting to see 13 companies with a total of 21 projects qualifying for the Department of Energy's (DOE) third round of the Green Energy Auction Program (GEA-3). In this blog post, we'll explore what it takes to succeed in this competitive landscape and share valuable insights for teachers and professionals looking to stay ahead of the curve.Understanding GEA-3: A New Year in Renewable EnergyBefore diving into the qualified companies, let's quickly recap the details of GEA-3. This program offers a significant amount of capacity for pumped-storage hydropower projects (4,550 megawatts), impounding hydropower (300 megawatts), and geothermal technologies (100 megawatts). Winning bidders will be granted incentivized power rates, making it an attractive opportunity for companies looking to invest in the green energy sector.Insights from Geothermal TechnologiesLet's start with the qualified companies in the geothermal space. Maibarara Geothermal Inc. takes the lead with three projects, followed by Energy Development Corp. with two projects. Other notable entrants include Bac-Man Geothermal Inc. and Tanawon Geothermal Power Plant-Unit 1.What can we learn from these successful applicants? First, having a strong track record in geothermal energy seems to be a key factor. Second, diversification of projects might just give you an edge over the competition.Lessons from Impounding HydropowerMoving on to impounding hydropower, we see three companies that have made the cut: Pan Pacific Renewable Power Phils. Corp., Pulangi Hydro Power Corp., and United Hydro Power Builders Corp. Each of these companies has a unique project in the pipeline, from Gened 1 and 2 power projects to South Pulangi and Dakgan.What can we take away from these successful applicants? Building strong relationships with local communities and demonstrating a commitment to sustainability seem to be key factors in this sector.Pumped Storage Hydropower: A Key ComponentLast but not least, let's look at the pumped storage component. Seven companies have qualified for this segment, including Ahunan Power Inc., First Gen Hydro Power Corp., Olympia Violago Water and Power Inc., Pan Pacific Renewable Power Phils. Corp., Coheco Badeo Corp., Repower Energy Development Corp., and San Roque Hydropower Inc.What can we learn from these successful applicants? For one, having a strong understanding of the technology and its applications seems crucial. Second, being prepared to invest in infrastructure and maintenance might just give you an edge over the competition.Lessons for Teachers and ProfessionalsAs we look to 2025 and beyond, what can teachers and professionals learn from these successful applicants? Here are some key takeaways:1. Diversification is Key: Having a diverse portfolio of projects or services can help you stay ahead of the curve in an ever-changing landscape.2. Build Strong Relationships: Building trust with local communities, partners, and stakeholders is crucial for long-term success.3. Stay Up-to-Date with Technology: Staying informed about the latest developments in renewable energy technologies can give you a competitive edge.4. Invest in Infrastructure: Investing in the right infrastructure and maintenance can help you reduce costs and increase efficiency.ConclusionAs we wrap up this post, it's clear that the green energy sector is heating up in 2025. With GEA-3 offering a significant amount of capacity for pumped-storage hydropower projects, impounding hydropower, and geothermal technologies, there's never been a better time to get involved.By learning from the successes of these 13 companies, teachers and professionals can gain valuable insights into what it takes to succeed in this competitive landscape. Whether you're looking to invest in renewable energy or simply stay ahead of the curve, we hope this post has provided you with some useful lessons to take away.

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.