Rendering of a NHOA Taiwan project, awarded by its parent company TCC. Image: NHOA.
Taiwan’s renewable energy goals will only be made possible with the deployment of energy storage equivalent to 20% of new installed renewable energy capacity, according to the chairman of Taiwan Cement Corporation (TCC).
TCC chairman Nelson Chang gave a speech at the company’s annual general meeting (AGM) earlier this week in which he said the company sees energy storage – and specifically batteries – as “the key to the future of energy”.
Taiwan’s government has planned for renewable energy capacity on the East Asian island to reach 27GW by 2025 and 45GW by 2030 and TCC believes that for this to be integrated and used efficiently and effectively, more than 5GW of energy storage will be needed by 2025 and more than 9GW by 2030.
This matters to TCC, a major cement…