Formosa Smart Energy Tech Corp (台塑新智能科技) yesterday signed a memorandum of understanding with Poland's SKB Group in Taipei, hoping to build up its energy storage and electric transportation business in Europe, the company said today.
Under the deal, the Formosa Plastics Group (台塑集團) subsidiary would work with the Polish company on electric buses and vehicles, integrated energy storage systems, commercial and industrial energy storage, smart energy platforms, and a strategic investment alliance.
Formosa Smart Energy chairwoman Sandy Wang (王瑞瑜) and SKB CEO Bartlomiej Dobosz signed the agreement, witnessed by Polish officials and industry leaders.
Photo courtesy of Formosa Smart Energy Tech Corp via CNA
Formosa Smart Energy would provide integrated solutions for battery packs, modules and energy storage systems, while leveraging SKB's expertise in electric bus systems, component development, renewable energy plant construction and public infrastructure projects, Wang said.
Together, the two companies aim to create a blueprint for energy storage infrastructure and electric transportation development in Europe, she said.
The prevalence of electric buses in Polish cities is about 5 to 7 percent, notably lower than the goal of 75 percent set by the Polish government for 2030, Formosa Smart Energy president Liu Hui-chi (劉慧啓) said.
As more than 60 percent of Poland's electricity is generated by burning coal, energy storage systems are needed alongside the rapid construction of renewable energy power plants, such as those producing solar and wind power, to ensure stable electricity generation, Liu said.
Formosa Smart Energy would help enhance peak load modulation through its energy storage solutions, he said.
The company also plans to expand into areas such as charging infrastructure and traffic systems to support a low-carbon transition in the Polish and broader European markets, Liu said.
SKB is a Polish conglomerate providing services in construction, steel structures, logistics and power transmission assemblies, its Web site states.
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