(Red Core) is dedicated to the development, promotion and propagation of geothermal energy projects in the Philippines, with the intent of becoming one of the leading providers of geothermal energy in Asia. Red Core believes in, and is committed to, contributing to sustainable development in the Philippines to ensure not only the country’s international competitiveness in business, but also to the
conservation, preservation and protection of the environment. Red Core was created to fight climate change, while providing much needed electricity to fuel the Philippine economy. Designed to respond to the growing need and demand for renewable energy sources, specifically geothermal energy, in the Philippines, Red Core was set up in 2013 to develop, promote and propagate geothermal energy projects in the country. Red Core has been exploring potential geothermal energy resources and aims to build, own and operate clean, efficient and sustainable geothermal energy power plants around the country. Red Core has assembled geothermal talent, local and foreign, in-house and from specialist consultants, in the development of the company’s geothermal assets. We combined traditional exploration techniques with new and dynamic technologies to identify and measure potential geothermal resources. Red Core acquired equipment and expertise in leapfrog exploration technology, mostly derived from advances in the more complicated and challenging oil and gas sector. To date, the Company has developed one of the most dynamic exploration teams in the region, capable of:
securing key geothermal service contract areas, because of the Company’s exceptional exploration track record with the Department of Energy;
understanding the needs of communities within exploration areas in order to gain social acceptability for the projects; and,
making prudent decisions on projects with the Company’s geologic, geochemistry, and geophysics (particularly its in-house deep sub surface imaging team) expertise. Red Core is in the process of developing several projects: the Tiaong-Dolores, the Tayabas-Lucban, the San Juan, and a few more geothermal energy projects. Under the Geothermal Renewable Energy Service Contracts (GRESC) granted by the Department of Energy (DOE), Red Core will explore the geothermal prospect areas with the aim of identifying and proving commercially viable resources to develop into operating power plants. It is Red Core’s intent to develop the geothermal resources identified within the project areas into power plants within the next five (5) years.
