IRA sparks opportunity for Taiwan''s energy storage industry amid
Taiwan''s energy storage market is experiencing turbulence as several recent projects have been paused, raising concerns among local players about future growth.
Several energy storage technology providers, such as Fluence, flow battery manufacturer Invinity and NHOA, are active in the market. It is worth noting that the Taiwan energy storage market is set to become a focus for Billion Electric with plans to develop 1.2GWh local battery system production capacity.
As Taiwan's renewable energy share continues to grow, stable energy storage solutions are becoming increasingly vital to offset fluctuations in solar and wind power generation.
According to Taiwan's Energy Administration, renewable energy accounted for 11.6% of the country's total electricity generation in 2024, with solar power contributing 44.7%.
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.
PDF includes complete article with source references for printing and offline reading.
Download detailed specifications for our photovoltaic containers, BESS systems, and mobile energy storage solutions.
Industrial Zone 15, ul. Fabryczna 24
Pabianice 95-200, Poland
+48 42 212 00 00
Monday - Friday: 8:00 AM - 5:00 PM CET