The National Development Company (NDC) expects to sign the co-investment agreement for SolX Technologies, the country’s first power marketplace platform,
NDC assistant general manager for special projects group Saturnino Mejia said five co-investors, including NDC agreed to fund the startup.
NDC said it would use its startup venture fund under Republic Act 11337 or An Act Providing Benefits and Programs to Strengthen, Promote and Develop the Philippine Startup Ecosystem. SolX offers a real-time energy monitoring system which generates data and analytics for better decision making, and assist customers in submitting technical reports to comply with the Philippine government’s regulatory requirements on energy efficiency and conservation.
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