In August, Taiwan’s Executive Yuan announced a budget of NT$116.1 billion for next year, with NT$900 billion allocated by 2030 to promote green energy, energy storage, and energy efficiency. Despite recent setbacks in some energy storage projects, TCC (Taiwan Cement Corporation) is moving forward by partnering with Volkswagen Taiwan to create a “charge and store” system at EV charging stations.
The partnership integrates energy storage with Volkswagen’s rapid EV charging stations at 14 locations across Taiwan. This system stores energy during off-peak hours and discharges during peak times, helping reduce over 40 tons of CO2 emissions per station annually. TCC also introduced its new EnergyArk400 energy storage unit, tailored for EV charging, with a capacity of 400kWh, occupying the space of a single parking spot.
TCC has already established similar stations in eastern Taiwan, helping stabilize the power grid and improve charging efficiency. The global energy storage market is projected to grow significantly, with an expected market size of $167.9 billion by 2032. TCC’s energy storage solutions are also expanding internationally, helping balance grids and reduce emissions abroad.