Industry leaders in Taiwan have reported launched an “alliance” to promote the development of the domestic energy storage market— and boost the take-up of lithium-ion systems.
The Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) launched the initiative on 31 January with founding members including the Taiwan Power Company, ITRI and Taiwan Institute of Economic Research, according to state media channel CNA.
Meanwhile, Yang Chang-chung, a deputy technology chief at the Green Energy and Environment Research Laboratories under ITRI, was quoted as telling local journal DigiTimes that the current lead-acid-battery-dominated energy storage system market could be replaced by lithium technology by 2030.
The demand for energy storage systems in Taiwan remains low, Yang said. He argued that local business should promote the needs of energy storage systems domestically before tapping overseas markets, particularly in China and Southeast Asia.
TEEMA’s chairman TC Guo reportedly said Taiwan’s existing battery industry had a strong integrated supply chain of components and systems integration capabilities— and faced “good opportunities” in the energy storage market.
According to CNA, Japanese battery companies NEC and Panasonic are interested in Taiwan’s energy storage industry and have held talks with authorities in Taipei.
Taiwan’s economic affairs minister, Jong-Chin Shen (pictured), said the value of the energy storage systems business in terms of residential, industrial and grid applications is expected to increase by more than TWD200 billion ($6.8bn), CNA reported.