What is Formosa Smart Energy Tech Corp?

With FPG, Nan Ya Plastics Corporation, Formosa Petrochemical Corporation, Formosa Chemicals & Fibre Corporation, and Formosa Biomedical Technology Corporation jointly investing NT$7 billion, “Formosa Smart Energy Tech Corp.” was established in 2022.

When does Formosa smart energy start production?

Credit: DIGITIMES Formosa Smart Energy (FSE) has announced that the first phase of its battery cell and module plant in Changhua will commence mass production in November 2024. FSE president Hui-chi Liu stated that the company aims to achieve full capacity utilization of the 2.1GWh production line by 2025.

What is Formosa smart energy's production capacity?

Speaking at the groundbreaking ceremony on Wednesday last week, Formosa Smart Energy chairwoman Sandy Wang (王瑞瑜) said the first phase of the plant would have a production capacity of 2.1 gigawatt-hours (GWh) in battery cells and modules.

Where is Formosa smart energy building a storage facility?

As for energy storage, Formosa Smart Energy has inaugurated a facility in Tainan’s Yongkang District (永康) and plans to complete the construction of another plant in Changhua County by the end of this year, Wang said. In addition, the company is also planning to build storage facilities in Yunlin, Nantou and Chiayi counties, she said.

How many MW will Formosa smart energy build in 2022?

It is estimated that the capacity of the pro-duction line will exceed 50MW by the end of 2022. Furthermore, Formosa Smart Energy Tech Corp. has also planned to build two 100MW grid energy storage stations.

Will Formosa build a battery factory in Changhua Coastal industrial park?

Formosa Plastics Group has also planned to set up a factory for 2.1GWh (2.1 billion watt-hours) lithium iron phosphate battery cells in the Changhua Coastal Industrial Park.