Delta Electronics’ energy storage system in Taoyuan, Taiwan.
Taiwan’s energy storage market scale is expected to exceed NT$200 billion (US$6.9 billion) by 2030, attracting new entrants from traditional manufacturing sectors, according to industry sources.Due to the increasing awareness about environmental protection, the proportions of renewable power sources are rising. But renewable energy supplies are usually unstable, highlighting the need for more energy storage systems.Taiwan’s energy storage market scale was valued at NT$8.8 billion in 2022, which is estimated to exceed NT$200 billion by 2030, the sources said, adding that the global energy storage market will be much larger.Traditional industries in Taiwan have expressed keen interest in the energy industry.Tatung Consumer Products and Teco, both of which have long been electrical and mechanical products…
Taiwan’s traditional industries look to energy storage market
