Exora Technologies, a company that provides digital solutions to help clients cut down electricity costs, secured energy retail supply contracts for big brands such as Converge ICT, Bounty Farms, LCC Malls, Bestpak Packaging Solutions, Rain or Shine mother company, Asian Coatings, and Polyline Industries.
As the Philippine competitive retail electricity market opens up to enable full deregulation of the power market, Exora Technologies offers an end-to-end energy solutions platform that assists contestable consumers to lower energy costs through the use of technology and digitalization. This enables consumer choice and promotes open competition among the stakeholders.
“One of the sustainability strategies of Converge ICT was to switch to renewable energy. We have interviewed several retail electricity suppliers but when we worked with Exora last August, we were able to do the switch immediately. Through Exora’s digital procurement, we were able to cut down all of the interviews and presentations to a very streamlined process. It saves us a lot of time, effort, and energy and it helps us make business decisions easier,” said Enrique Balangue, Converge ICT facilities and administrative manager.
Making the process simple and efficient is Exora Technologies enabling the market to fully exercise choice and flexibility in supply. Exora streamlines the process and enables the country’s first and fastest digital energy procurement from the usual three to six months to 2.5 weeks.
“Exora is more than an auction platform. We are working on an advanced threshold management and machine-learning driven feature of analytics. We use the gathered data and analytics to further improve the fit of supplier offers to customer needs. These also serve as a basis for advice we give to our clients and energy efficiency and conservation solutions we may recommend,” said Exora chief executive Sergius Santos.
Exora interfaces with local engineering and facilities teams to beef up the expertise and knowledge base of any team at the cost of one entry-level full-time staff. This equips the teams to manage facilities better, forecast issues, and resolve them and reminders to ensure compliance to new energy regulations.
“Exora continues to be a valued partner of Asian Coatings. Their nuanced expertise in the electricity supply market and power, in general, has resulted in massive savings for our company. All that without any disruptions or modifications in our power supply and infrastructure, respectively. More importantly, their service has been impeccable in responding to our needs. Exora has reassured us throughout our partnership that a brighter tomorrow is, indeed, possible. Not through convincing words, but through proven action,” said Redmond Yu, assistant vice president for sales and marketing of Asian Coatings Phils. Inc., one of the leading paint manufacturers in the country.
Launched in 2019, Exora is an energy tech start-up company supported by the Department of Science and Technology and the Ateneo Intellectual Property Office. Exora was awarded the Philippine Chamber of Commerce and Industry the Alfredo M. Yao Award and Gawad DAGITAB (Dakilang Ambag sa Industriya sa tulong ng Teknolohiya at Agham para sa Bayan) as they continue to champion cheaper electricity for the Filipino people.