The Ministry of Economic Affairs announced that Taiwan energy provider, Taipower signed a memorandum of understanding with U.S.-based Electric Power Research Institute May 30 in Taipei City, underscoring the government’s dedication to advancing net-zero emission goals.
EPRI is a non-profit energy and electric power research institute with an annual R&D budget over NT$13 billion (US$400 million) which has a multinational exchange platform for 850 corporate entities from France, Korea, Japan and 42 other countries.
The pact was signed by the agency’s Acting Chair Tseng Wen-sheng and EPRI President and CEO Arshad Mansoor prior to the one-day 2024 TPC-EPRI Forum: Empowering Economy-wide Decarbonization in Taiwan. The forum was attended by local academics, government and industrial sector representatives.
After signing the agreement, Taipower will conduct research projects with EPRI on net-zero strategy, energy hub planning and carbon capture demonstration areas. Highlighting the importance of research, Taipower cited the Paris-based autonomous International Energy Agency as saying that by 2050 half of reduced carbon emissions achieved will be based on currently emerging technologies.
Taipower will also become a member of the Low Carbon Resources Initiative under the EPRI to jointly engage in the R&D of low and zero carbon technologies with American Electric Power Company, Korea Electric Power Corporation, Tokyo Electric Power Company and 51 other global power agencies, the MOEA added. (POC-E)
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