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.
Industry sources indicated that the adoption of locally-made batteries will grow as more production facilities in Taiwan are commissioned. As demand for energy storage systems and EVs rises, the battery industry continues to grow.
Taiwan has seen multiple energy storage projects recently. Taiwan Cement's 100MW E-dReg energy storage system has been completed and integrated into the country's power grid. Tatung Company is expected to finish a 100MV energy storage system by the end of 2023.
Like many other countries, Taiwan is trying to localize battery production while facing costs, production, and other challenges. According to estimates from research firm InfoLink, Taiwan's battery energy storage capacity will achieve 20GWh in 2030 with a market value of NT$200 billion (US$6.2 billion).
Big Taiwanese battery makers like Taiwan Cement, Formosa Smart Energy, and Foxconn are still constructing their production plants. In addition, most Taiwan-based battery manufacturers have limited production capacity. Their products are more expensive compared to large international players.
The densely populated island is snapping up energy storage as it strives to meet aggressive clean-energy targets amid national security and climate concerns. A Powin-supplied dReg battery site in the industrial town of Chiayi, Taiwan (Julian Spector/Canary Media)