ENERGY STORAGE

Fluence expands to Taiwanese market with new office opening

March 19, 2024

Energy storage product provider Fluence has expanded its presence in the Asia-Pacific region via the opening a local office in Taiwan to “further engage in the country’s energy storage market,” the company said.

According to the Energy Administration, Ministry of Economic Affairs, Taiwan’s cumulative installed renewable energy capacity had reached 17,916 MW by the end of 2023, an increase of 150 per cent from 2019.

“This consistent year-over-year growth in renewables to meet the country’s ambitious clean energy targets is positioning Taiwan as a prime regional market for energy storage,” Fluence said.

Jan Teichmann, SVP & president APAC at Fluence explained: “Having already successfully collaborated with local partners to complete 10 storage projects in Taiwan, this expansion underscores our long-term commitment to the region. Harnessing our cutting-edge energy storage technology and leveraging our extensive field experience, we are committed to enhancing the reliability and stability of Taiwan’s power grid. Together with our customers, we aim to accelerate the pace of the energy transition, contributing to a more sustainable and resilient future for the region.”