The Green Cost-Cutter: Sweden Drives Sustainable Tech Partnership to Combat the Philippines' High Energy Rates

Swedish innovation is targeting the Philippines' persistent problem of high industrial electricity costs (~18 US cents per kWh), the highest in Asia, alongside Singapore. Through a new collaboration push, companies like SKF and Atlas Copco are offering technology-driven solutions aimed at industrial energy efficiency, framing sustainability not as a cost, but as a critical driver of competitiveness and resilience for local manufacturers.