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With several geothermal power plants in the Philippines (including in Bicol, Leyte, Negros Island, and Mindanao), Energy Development Corporation provides 62% (or 1,200 MW) of the country’s total installed geothermal capacity. [1]
The first geothermal area to be exploited for commercial electricity generation was The Geysers, a complex of 22 geothermal power stations located in Sonoma and Lake counties of California, which was commissioned in September 1960. [1]
Energy Development Corporation (EDC) is the largest geothermal producer in the Philippines and the second largest in the world. Today, it accounts for more than 60% of the installed geothermal capacity in the Philippines. Its steam fields are located in the provinces of Leyte, Negros Oriental, Bicol, and North Cotabato.
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In June 2018, Dandelion began the installation of the first sub-$20,000 geothermal heat pump, Dandelion Air. [7] The product was designed in-house by the company, which is installed in the backyard of a residential property and is currently financed over a 20-year term. [8] In September 2020, Dandelion announced its expansion to Connecticut. [9]
[3] [5] [6] The company's power generation unit is engaged in operations of solar, coal, oil, hydroelectric, and geothermal facilities. [7] [8] [9] On July 16, 2007, it became a publicly-listed company on the Philippine Stock Exchange with an initial public offering of 1.8 billion shares out of 7.2 billion registered common shares. [5] [10]
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