Thank you for subscribing. U.S.-based Powin Energy, for instance, has cooperated with iBase Gaming Inc. in Taiwan and Murata Manufacturing in Japan on manufacturing parts for energy storage.45. Taiwan Power Company, Chueh-cheng Wu One example is California’s experience with ancillary services in electricity market operation.42 Ancillary services are those that are needed to ensure electric grid stability and reliability when using renewable power while keeping these at levels comparable to the use of fossil fuels. The IEA is an autonomous intergovernmental organisation based in Paris that works to ensure reliable, affordable and clean energy for its 29 member countries and beyond. So, to attract more and best-quality investment in the energy sector, especially around solar, Taiwan will need to deal assertively with these underlying cost constraints. The crisis has exposed deeply embedded vulnerabilities of the current system. Bluntly put, a paradigm shift is underway in how major energy stakeholders—such as government policymakers, producers, utility companies, and industrial end-users—approach their energy needs. Council on Foreign Relations, Han-shen Lee With 161 Members, IRENA plays a leading role in the energy transformation as a centre of excellence for knowledge and innovation, a global voice for renewables, a network hub and a source of advice and support for countries. After years of slow progress, technologies to capture carbon emissions and store or reuse them are gaining momentum, a trend that will need to accelerate significantly for the world to achieve its energy and climate goals, A major effort to develop and deploy clean energy technologies worldwide is urgently needed to meet international energy and climate goals, particularly in order to reduce carbon emissions from areas beyond the power sector such as transport, buildings and industry. 7 “International Collaborations,” International Energy Agency, accessed April 15, 2020, https://www.iea.org/areas-of-work/international-collaborations. But while the costs of renewables and battery storage are coming down, there are intrinsic limits to how much power can be stored at any given moment. Green Energy and Environment Research Laboratories You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. Taiwan produces very little of the natural gas it uses, importing 98 percent of it principally in the form of LNG. Taiwan has significant problems of power density: its main and offshore islands have limited acreage, which means it will have to pack a lot of MW per acre into its power solutions. The choice does not need to be an either-or: there are also short-term contracts of six months and up (but generally of one to three years duration) that could be considered as a diversification element of Taiwan’s gas purchase mix. One reason Taiwan is well-positioned to attract more American and other international investment is that it is one of the most cost-effective electricity markets in Asia. For Taiwan, the challenge is to look at sectors in an integrated way, not as disconnected parts of the energy system. Director, Research Division II “Governments are facing a difficult task of bringing the health emergency under control while introducing major stimulus and recovery measures. 17 Joshua S. Hill, “Taiwan Finally Announces 2019 Feed-In Tariff,” CleanTechnica, February 6, 2019, https://cleantechnica.com/2019/02/06/taiwan-finally-announces-2019-feed-in-tariff/. In simplest terms, a good deal of market analysis has moved away from the idea that the number of large-scale oil fields left to find has shrunk forever—or that the world is running out of a depleting, finite resource. The United States is a leader in storage technology, so there are natural complementarities with Taiwan’s strengths in manufacturing for electronic parts and batteries. 1000 Independence Ave., SWWashington, DC  20585202-586-5800.