StB GIGA Factory Inauguration Marks Bold New Chapter in Renewable Energy at Filinvest Innovation Park – New Clark City

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The StB GIGA Factory, a pioneering development in electric vehicle (EV) battery manufacturing as the first Lithium Iron Phosphate plant in the Philippines, was officially inaugurated within the first two Ready-Built Factory (RBF) units of the 120-hectare Filinvest Innovation Park – New Clark City (FIP-NCC). Poised to be a green and digital industrial hub for light to medium manufacturing, logistics, warehousing, cold chain operations, and data centers, FIP-NCC represents the future of sustainable industry in the Philippines.

This highly anticipated event brought together top executives from Filinvest Development Corporation (FDC), the Bases Conversion and Development Authority (BCDA), and StB Capital Partners (StB GIGA’s mother company in Australia), as well as Australian Ambassador Hae Kyong “HK” Yu, the heads of local government, and President Ferdinand “Bongbong” Marcos Jr., who led the momentous occasion.

A Milestone for Filinvest Innovation Park – New Clark City

The inauguration of the StB GIGA Factory not only constitutes a significant leap for renewable energy in the Philippines but also marks the emergence of Filinvest Innovation Park – New Clark City as a leading industrial hub. Offering Grade A Ready-Built Factories, and industrial lots, the park is designed to attract locators engaged in light manufacturing, electronics, e-commerce, logistics, cold chain, food, pharmaceuticals and data center-related operations. With access to a skilled, English-proficient, five million-strong workforce in the Central Luzon region, FIP-NCC is ideally positioned to support the country’s industrial transformation.

The inauguration of the StB GIGA Factory constitutes a significant leap for renewable energy in the Philippines and the emergence of Filinvest Innovation Park – New Clark City as a leading industrial hub. Offering Grade A Ready-Built Factories, and industrial lots, the park is designed to attract locators engaged in light manufacturing, electronics, e-commerce, logistics, cold chain, food, pharmaceuticals and data center-related operations.

Situated in Central Luzon and boasting access to a skilled, English-proficient, five million-strong workforce, Filinvest Innovation Park – New Clark City is perfectly positioned to drive the country’s industrial transformation. The inauguration of the StB GIGA Factory underscores these strengths, marking a pivotal moment in sustainable energy and industrial development. With this milestone, the Philippines is set to become a leader in electric vehicle (EV) and clean energy technologies, propelling the nation forward in these critical industries.

A Presidential Vision for Innovation

The event began with a ribbon-cutting ceremony led by President Marcos, with the latter pressing the symbolic Start button to signify start of the factory’s commercial operations.  Then followed a tour of the StB GIGA Factory, where President Marcos was shown the cutting-edge, future-ready technologies employed at the facility. The President’s keynote address highlighted the significance of this investment in the EV battery sector, calling it a bold and transformative step toward a sustainable future. He lauded the swift and collaborative efforts of both public and private sectors for the rapid establishment of the factory, operating just six months after the signing of the MOU during the Philippine Business Forum in Melbourne earlier this year.

President Marcos emphasized that the StB GIGA Factory, the first Lithium Iron Phosphate (LFP) battery manufacturing plant in the Philippines, positions the country as a key player in the global clean energy movement. He projected the factory’s full operational capacity by 2030, which will generate an estimated 5 billion pesos in annual revenue and create 2,500 quality jobs. The factory is expected to produce 2 gigawatt hours of batteries annually—enough to power 18,000 EVs or over 500,000 home battery systems. The President also underscored the Philippines’ growing reputation as a hub for high-tech, high-impact investments, encouraging global entrepreneurs and industry leaders to consider the Philippines as their next investment destination.

Global and Local Partnership in Action

Trevor St. Baker, Director and Founding Partner of StB Capital Partners and Chairman of StB GIGA, warmly welcomed the distinguished guests and highlighted the rapid progress of the Philippine business landscape. In his speech, St. Baker underscored the factory’s commitment to doubling its size by 2030 , as initially pledged to the President during a business summit in Melbourne. He also shared exciting plans for expanding StB’s electric trike operations in the Philippines and bringing renewable energy solutions to more cities and islands across the country.

Ambassador HK Yu congratulated both Australia and the Philippines for fostering a strategic partnership that goes beyond country-to-country cooperation, extending into business-to-business and people-to-people collaboration. She emphasized that the StB GIGA Factory exemplifies how global partnerships can tackle critical challenges of climate change, and she commended President Marcos for his ongoing support of bilateral initiatives.

VIP Attendees:

Government:

• President Ferdinand Marcos Jr.
• DTI Secretary Cristina Roque
• Capas Mayor Roseller Rodriguez
• SBMA Chairperson Eduardo L Alino
• CDC Chairperson Edgardo Pamintuan

BCDA:

• Chairman Thompson Lantion
• President and CEO Joshua Bingcang

Filinvest:

• FDC Vice Chairperson Josephine Gotianun-Yap
• FDC President and CEO Rhoda Huang
• FLI President and CEO Tristan Las Marias
• FDCUI President and CEO Eugenio Roxas
• FLI SVP and Industrial Business Unit Head Francis Ceballos

StB Group:

• StB Capital Partners Director and Founding Partner Trevor St. Baker
• StB Capital Partners CEO and Managing Partner Chris Hay
• StB Capital Partners Board Director Stephen St. Baker
• StB GIGA President and CEO Dennis Ibarra
• AMSL Aero CEO Max York
• PureEVs CEO Paul Johnston

The StB GIGA Factory inauguration at Filinvest Innovation Park – New Clark City marks the dawn of a new era in sustainable energy and industrial development in the Philippines, setting the stage for the country to lead the charge in EV and clean energy technology across Southeast Asia and beyond.

About Filinvest Innovation Park – New Clark City

FIP-NCC is a 120-hectare industrial development featuring Grade-A ready-built factories (RBFs) and prime industrial land for lease to modern businesses engaged in light to medium manufacturing, logistics, warehousing, e-commerce, data centers, electronics, and the like. It is part of the 288-hectare smart, resilient, mixed-use metropolis Filinvest New Clark City, a joint-venture of FLI and BCDA.

About Filinvest Land

Filinvest Land, Inc. (FLI), a subsidiary of Filinvest Development Corporation (FDC), is one of the country’s leading and multi-awarded full-range property developers. It is listed on the Philippine Stock Exchange under the trading symbol $FLI. Staying true to its mission, FLI continues to build the Filipino dream across the Philippines.

For over 50 years, FLI has built a diverse project portfolio spanning the archipelago, from its core best-value homes, to townships, mixed-use developments, mid-rise and high-rise condominiums, office buildings, shopping centers, and leisure developments.

These include the large-scale townships: Havila (306 hectares), Timberland Heights (677 hectares), and Manna East (60 hectares) in Rizal; Ciudad de Calamba (350 hectares) in Laguna; Palm Estates (51 hectares) in Talisay City, Negros Occidental; and City di Mare, the Lifestyle Capital of Cebu (50 hectares).

FLI owns 20% of Filinvest Alabang, Inc., developer of Filinvest City (244 hectares), South Metro Manila’s premier garden central business district. FLI is also developing two townships in the Clark Freeport Special Economic Zone: Filinvest Innovation Park-New Clark City (288 hectares) and Filinvest Mimosa+ Leisure City (201 hectares), the latter in partnership with FDC.