POWERTRENDS 2024 was organized in response to the global energy crisis that began in late summer 2021, driven by rising demand following the end of COVID-19 lockdowns, which led to soaring energy prices and economic hardship. The discussions aimed to provide insights for policymakers as they address the critical need for energy security during this challenging time.

About 200 government officials, top industry decision makers and technical experts gathered at the Powertrends 2024 Business Forum. POWERTRENDS 2024 was successfully held on October 3 - 4, 2024 at the New World Makati Hotel, Philippines with the theme “The Tightrope Walk to Energy Security: Navigating Challenges and High-Wire Solutions Along the Wave of Shift to Renewables”

POWERTRENDS 2024 officially opened with a keynote address from Philippine Energy Secretary Raphael P.M. Lotilla, represented by Assistant Secretary Mario Marasigan. Brief messages followed from Ambassador David Hartman of the Embassy of Canada in the Philippines, Ambassador Franz- Michael Skjold Mellbin of the Royal Danish Embassy Manila and Ambassador Christian Halaas Lyster of the Royal Norweigan Embassy of Manila.

Deep discussions on the complexities of shifting to clean energy while maintaining energy security were held, including the role of coal during the transition, the role of gas, and challenges facing renewables. Presentations on transmission grids as critical infrastructure, along with sessions focused on investments and policy alignment, climate innovation, and the impact of AI on energy transition providedinputs for enhancing the nation’s energy future.

After the discussions, the conference delegates left with a more optimistic view of our energy situation, recognizing that significant advancements are underway. There are set programs for decarbonization, exploration of alternative energy sources, and a commitment by the government and the private sector to staying current with technology. Additionally, the engagement of foreign investors and regulatory support were pointed to be crucial for driving these developments forward.