US-based energy storage system developer Powin Energy has chosen Taiwan-based iBASE Gaming Technology and Formosa Electronic Industries (FEII) as OEMs for lithium battery modules, according to company chairman Joseph Lu.
Due to US-China trade tensions, many US-based users of energy storage systems have refrained from using China-made lithium battery modules, Lu said, adding Powin will shift production for such modules from China to Taiwan.
While Powin focuses on the US, Europe and Australia markets, it does not plan to tap the Taiwan market for the time being, mainly because state-run Taiwan Power Company dominates power supply in Taiwan, and power prices in Taiwan are relatively low, said Lu.
