Exist Provides Tech Spark For Major Renewable Energy Projecthttps://exist.com/wp-content/uploads/Exist-Provides-Tech-Spark-768x487-1.webp768487Exist Software LabsExist Software Labs//exist.com/wp-content/uploads/logos/exist/logo-default.png
MANILA, Philippines — Exist, a global consulting and enterprise IT solutions leader, is currently working on the development of the country’s landmark nationwide system to establish the country’s renewable energy market (REM).
Faced with a tight bid schedule which threatened the 2019 project timeline, the Philippine Electricity Market Corporation (PEMC), the governance arm of wholesale electricity spot market (WESM) has finally found its worthy IT partner to help design and build the platform and all accompanying technical systems to run the Philippine Renewable Energy Market System (PREMS) that seeks to promote more RE-based investment locally.
“We are honored for the trust that was given to our team, for believing in our enterprise IT skills and experience to provide solutions for the local energy sector”, reveals Mike Lim, CEO of Exist. “Working on PREMS and previously on the WESM spot market system afforded us a unique perspective and as a result, we can say we have a better understanding of the local power sector and a bountiful supply of ideas for innovative solutions that could help market participants, as well.”
Under the joint auspices of the United Nations Development Program (UNDP), the Department of Energy (DOE) and the Global Environment Facility (GEF) called Development for Renewable Energy Applications Mainstreaming and Market Sustainability (DREAMS) Project, the development of PREMS is intended to curb local greenhouse gas (GHG) emissions through commercialization of the RE markets and incentivize investments in RE-based power generation projects.
“We’ve assembled our best software minds and utilized knowledge of up and coming technologies to ensure that we deliver a complete system that is perfectly capable to carry out PREMS’ supportive policies and regulatory requirements”, adds Mr. Lim. “As per practice, we keep close coordination with all partners concerned, working out changes to ensure that we still deliver within schedule.”
In 2008, The Philippine Renewable Energy Act was passed which aimed to elevate the use of renewable energy resources and its capacity development yet in many ways, adoption and preferential use of RE is still very much in a transition phase.
Mr. Lim further adds, “We are aware of the significance of this project, not only for its alternative power-providing component but for the focus this brings towards a cleaner environment and a sustainable future.”
We cannot afford any more delays. We understand this is also about doing our part as a nation to contribute towards the health of our planet”, concludes Mike.
You can view the official UNDP Procurement Notice for the Development of Software, Supply and Delivery of Hardware for the Implementation of the Philippine Renewable Energy Market System (PREMS) awarded to Exist here. (http://procurement-notices.undp.org/view_awards.cfm)
Exist, Ashnik and EnterpriseDB Power Digital Transformation for the Philippine Electricity and Power Sectorhttps://exist.com/wp-content/uploads/Exist-Ashnik-and-EnterpriseDB-Present-Postgres-Powers-Digital-Transformation-in-Southeast-Asia-–-Success-Stories-at-the-Future-Energy-Show-Philippines-2019-768x487-1.webp768487Exist Software LabsExist Software Labs//exist.com/wp-content/uploads/logos/exist/logo-default.png
At the recently concluded The Future Energy Show Philippines 2019, Exist, Ashnik and EnterpriseDB teamed up to highlight the advantages of using Postgres for a number of IT projects specifically within the electricity sector.
During the 2-day event, booth visitors and fellow sponsors personally listened to the stories about how Exist, Ashnik and EnterpriseDB were able to provide their skills and expertise for the local energy sector which began not too long ago.
With years of experience working on enterprise systems across a diverse range of industries from banking and finance to retail and healthcare, Exist was able to get the opportunity and win the trust of the main local energy corporations PEMC and WESM for developing mission-critical systems required to bring the electricity spot market closer to achieving its goal of having a transparent, fair, competitive, and reliable market for the trading of electricity throughout the Philippines.
Working closely with Ashnik as a partner, the push for the use of EDB Postgres has always made the most sense as the choice of database with the balanced mix between cost and features that make it the most complete open source-based data platform.
One of the highlights of our participation at the event is our talk entitled “Postgres Powers Digital Transformation in Southeast Asia – Success Stories”, presented by Rekha Ramaswamy, Enterprise Sales Manager at Ashnik and Jenish of Vyas, Solutions Engineer, SE Asia and Hong Kong at EDB Postgres. In this session, they shared compelling business cases and customer success stories highlighting the value of the open source-based EDB Postgres Platform in helping enterprises confidently deliver on the promise of digital business.
“Based on the open source Postgres platform, we’ve enhanced it in such a way that it has additional application security and improved performance. [In using EDB Postgres] we are not compromising on existing features but giving added flexibility with [their] existing legacy database.”
— Jenish of Vyas, Solutions Engineer, SE Asia and Hong Kong at EDB Postgres