Taipei New Energy Battery Storage Box

How does Taiwan support the battery storage industry?

When exploring the Battery Storage industry in Taiwan, several key considerations stand out. The Taiwanese government actively supports the renewable energy sector, particularly through policies aimed at increasing energy storage capacity to enhance grid stability and support the integration of intermittent energy sources like solar and wind.

How many MW of battery-based energy storage will Taiwan have by 2025?

Taiwan aims to accumulate a total of 590 MW of battery-based energy storage by 2025, with a target of 160 MW managed and procured by state-owned Taiwan Power Company (TPC), and 430MW to be developed via private-sector, independently operated storage facilities.

Who will benefit from a new battery market in Taiwan?

Battery manufacturers in Taiwan, such as Formosa Smart Energy, Molicel, ProLogium, and Foxconn would be expected to benefit, though many target non grid-scale storage markets such as home energy storage and electric vehicles. Many have expanded capacity in recent years but continue to face challenges due to falling prices and insufficient demand.

What will Taiwan's battery cell & module plant do?

As the world embraces carbon reduction goals and the transition to new energy, the Battery Cell and Module Plant will serve as a key cornerstone in Taiwan’s new energy industry development.