NT$10 Billion Investment In Taiwanese Super Battery Factory

TAIPEI, April 6, 2021 /PRNewswire/ -- As one of the top ten cement companies in the world, Taiwan Cement (TCC) greatly emphasizes the climate and environmental impacts the cement industry causes. In 2019, TCCGE unveiled Taiwan's first Solar-Wind Renewable Power Station using the most advanced solar panels to enhance power generation and minimize the impact of the shaded area caused by the wind power installation to optimize the use of the land and natural resources. On March 31, 2021, TCC Group and TCCGE announced the beginning of the operation of Taiwan's First AFC Smart Storage System and TCCGE Changbin Base with installation capacity of 5MW. The installation will be connected to the grid in April 2021. This is Taiwan's first large-size energy storage project. Automatic Frequency Control (AFC) is a system that provides automatic frequency control mechanism to stabilize renewable energy when connected to the overall electricity grid. The system can prevent electricity service interruptions caused by grid imbalance and improve electricity stability in Taiwan. TCCGE also has another project in southwestern Taiwan that combines fishery with solar power generation. Furthermore, TCCGE is planning to build a geothermal power station in eastern Taiwan within a demonstration park called Hongye Valley that combines power generation with local community rejuvenation through tourism and local shops. E-Moli, a subsidiary of TCC Group, is Taiwan's largest lithium battery manufacturer and a main supplier of batteries for major European and American high-end home appliance brands. Of late, E-Moli has been conducting R&D of high-power and high-capacity batteries to focus on high-power demand applications such as wireless power tools, high-end wireless vacuum cleaners, new energy vehicles, mobile medical devices, large-size energy storage systems and drones…etc. TCC board of directors recently passed the resolution to invest up to NT$10 billion (~US$350 million) to set up Taiwan's first super battery factory in Kaohsiung in the south of the country, with the focus of manufacturing high-end, high-capacity, and high-charge-discharge nickel ternary batteries. The planned capacity is 1.8GW, equivalent to the volume of long-distance batteries needed for the annual production of 24,000 electric vehicles. Currently, E-Moli's annual capacity of its Tainan plant is 1.5GW. TCC Chairman Nelson Chang noted, "Mobile energy is the most important technological development for the future and batteries plays a key role. The modern life is filled with various power outlets and our imagination has been trapped by conventional power cords and connection technologies. With the development of the super battery, in the future, there might be a chance to breakthrough these conventional connectivity solutions to create infinite possibilities."

By PR Newswire