Taipei, State-owned oil refiner CPC Corp. Taiwan has signed a memorandum of understanding (MOU) with Japanese electronics giant Panasonic Corp. to help it better manage its energy needs and develop green energy.
CPC and Panasonic signed the MOU in Taipei on Monday afternoon, paving the way for the two companies to work together on smart green energy development over the next three years.
Under the agreement, the two sides will focus on the development of gas stations powered by green energy, the establishment of a research center for the integration of smart energy resources, and an initiative to push the use of liquefied natural gas.
CPC Chairman Tai Chein (??) said the cooperation with Panasonic comes at a critical time as Taiwan is keen to make renewable energy a bigger component of its energy supply.
With Panasonic's help, the company's solar energy will be partly supplied to its own gas stations and will be also sold to Taiwan Power Co. (Taipower), Taiwan's state-run utility, Tai said.
According to CPC, Panasonic has plenty of experience in developing smart green energy, and the MOU will allow the Taiwanese partner to take advantage of the Japanese firm's experience in that area.
CPC is also diversifying its services and is planning to launch batteries for electric motorbike use in June 2019, and Tai did not rule out the possibility of working on the project with Panasonic, which produces lithium ion batteries for electric vehicles and supplies Taiwan's top electric scooter brand Gogoro.
Source: Focus Taiwan News Channel