Panama’s industrial sector has long been a key driver for the country’s economy and progress. However, the increase in energy and power rates, together with the high temperatures brought by climate change and the El Niño phenomenon, have significantly impacted the sustainability and competitiveness of many companies.

The recent updates to the tariff regime, with increases of up to 15% in energy costs and 33% in the charge for maximum power, approved by the Public Services Authority of Panama (ASEP) in October 2023 and in January current year, make it necessary for companies to develop new strategies to reduce costs and increase efficiency with which they can improve the profitability of their businesses and reduce uncertainty in the face of external factors.

Supported by the benefits framed by the industrial development law, Erco Energía presents itself as a strategic ally for companies and large clients in Panama that are looking for advice and solutions regarding energy efficiency for their production processes, such as solar systems. photovoltaics (SSFV) and battery energy storage systems (SAEB).

Solar photovoltaic systems (SSFV) represent a sustainable and economical solution when harnessing solar energy to generate electricity, as they allow easy integration into existing electrical infrastructure, reducing dependence on the traditional electrical grid and associated costs. On the other hand, battery energy storage systems (SAEB) allow the energy generated by SSFVs or other renewable sources to be stored and in this way not only serve as a backup source, but also enable the implementation of control strategies. of demand, such as cutting maximum power peaks (peak shaving), which translates into significant savings and an improvement in the final costs of many productive and industrial processes.

With the decrease in the prices of the main equipment, the strengthening of technology at a global level and the tax benefits provided by Panamanian regulation, the combination of SSFV and SAEB systems offer a comprehensive and effective solution to face uncertainty and the increase in energy costs in industries and large Panamanian clients.

At Erco Energía we understand well the needs of the industrial sector and companies in Panama and we are committed to continuing to develop and implement innovative energy solutions that promote the sustainability and competitiveness of our clients so that they can take the first step towards reaching the Net. Zero.

This is the time to invest in a solar solution for your company, get advice from experts and choose to generate savings, have efficient consumption and contribute to a sustainable future through clean, economical and digital energy from Erco Energía.

Contact us at +507 8348249 or visit www.erco.energy.sa.