BusinessWorld April 22, 2021 | 12:08 am BW FILE PHOTO SAN MIGUEL Corp. (SMC), through its power arm SMC Global Power Holdings Corp., is spending more than $1 billion to build new battery energy storage facilities with a rated capacity of 1,000 megawatts (MW). In a press release issued on Wednesday, SMC said that 31 new battery energy storage units are underway. The company said that some storage facilities are in the advanced stages of completion. “Our ongoing investment into battery energy storage facilities will greatly benefit power consumers all over the country, because this will mean that even faraway provinces or areas can have the same stable and good quality power supply as everywhere else,” SMC President Ramon S. Ang was quoted as saying.