After the expansion into European, Asian and African cement markets, Taiwan Cement Corp. (TCC), is ready to add another piece to its energy puzzle. The cement company had invested €132 million to acquire 60.48% shares and becoming the largest shareholder of French-based Engie Eps. With transactions to be completed in July, further cooperation plans will be announced in Europe.
Engie Eps is an energy storage system and electric vehicle charging infrastructure provider
Engie Eps is an energy storage system and electric vehicle charging infrastructure provider, located in Italy with shares publicly traded in France with proprietary technology in battery energy storage systems (BESS), charging infrastructure for electric vehicles (EVs), hydrogen power-to-power solutions and smart grid (microgrid) with projects spanning across Europe, America, Oceania and Africa. This year, Engie Eps formed a joint venture with the world’s fourth largest carmaker, Stellantis (a merged company of Fiat Chrysler Automobiles and the PSA Group), which owns 9% of the world’s market share with annual production of 7.70 million vehicles.
Stellantis announced in March on the plan to have all-electric or hybrid version of its vehicles in Europe by 2025 (around 3.38 million vehicles). What Stellantis’ goal to transform all its vehicles into all-electric or hybrid version means a total of 1.69 billion batteries are required each year after 2025. This also means there is a strong demand for charging and fast charging stations in Europe.
As TCC continues to actively expand our renewable energy, energy storage and battery business, this acquisition of Engie Eps shares allows TCC to become a global storage solution provider active across all continents, and the first Taiwan-based company to enter the battery and energy storage market in Europe. Europe leads the world in the development of renewable energy and energy storage. Engie Eps also unveiled a new name, NHOA (New HOrizons Ahead) for the new brand.
The EU has regulations to cut 55% carbon emissions by 2030. This year, TCC’s carbon emission allowances issued by the EU has reduced one-third. As part of the UN Climate Action
Engie Eps can supply what Taiwan Cement currently cannot produce in-house
The global market value of charging stations and related products is expected to reach US$450 billion by 2025, according to Marketsandmarkets ASD Reports. The EV market is believed to grow significantly which means demand for charging and fast charging stations will also see tremendous growth. EVs currently face challenges such as long charging time and higher vehicle prices. TCC believes the growth potential of fast charging stations, which can help lower EV charging time from eight hours to less than 30 minutes.
Charging and fast charging technology is Engie Eps’ core strength. Currently, EV charging is mono-directional, i.e. G2V (grid-to-vehicle), but Engie Eps technology is bidirectional (V2G, vehicle-to-grid) which means electricity can be transferred from the EV battery back to the grid making the EV a mobile power bank. TCC believes this is an important technology for the future and aims to play a key role in the EV-related equipment market.
Everyone has only one nationality, Earth.
-TCC Chairman Nelson Chang.
As one of the top ten cement companies in the world, TCC greatly emphasizes on the climate and environmental impacts the cement industry causes. The company has been investing in solar, wind power, geothermal, and ocean thermal energy conversion (OTEC) and has become one of Taiwan’s renewable energy leader. However, renewable energy is still an unstable energy source that requires energy storage systems to become the baseload power.
E-Moli, a subsidiary of Taiwan Cement, is Taiwan’s largest lithium battery manufacturer
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. In recent years, 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.
Taiwan’s first super battery factory
E-Moli will invest up to NT$10 billion (~US$350 million) to set up Taiwan’s first super battery factory in Kaohsiung 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.
Energy storage is a key part of renewable energy development because without energy storage, renewable energy cannot be effectively used.
-TCC Chairman Nelson Chang.
Although according to the Low Carbon Transition in The Cement Industry Report by IEA, the cement industry currently represents about 7% of the carbon dioxide (CO2) emissions globally and is the third-largest industrial energy consumer, TCC’s transformation of its energy business and carbon reduction efforts are clear.
The transformation includes shifting from coal-fired power generation to coal-biomass power generation, using alternative fuel and material to produce cement to reduce carbon emissions, continuing R&D of carbon capture technology, developing renewable energy, energy storage, and batteries, and reducing emissions of our company vehicles. These efforts will transform TCC into a low-carbon and environmental green engineering company.