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Ma underscores importance of energy storage technologies

Energy storage technologies are extremely important to Taiwan and Japan, President Ma Ying-jeou said yesterday. Even if one has a vast amount of renewable energy, one needs to be able to store it, Ma said during a meeting with NEC Corporation President Nobuhiro Endo (遠藤信博) at the Presidential Office.

Ma spoke about the agreements signed between Taiwan and Japan that have led to closer ties between the two nations. The president did not mention the recent controversy involving the National Palace Museum and the Tokyo National Museum.

When former Vice President Vincent Siew (蕭萬長) stepped down, he led a delegation to Japan and signed a letter of intent with the NEC, aiming to facilitate exchanges on wireless communication and energy storage technologies, Ma said.

The administration would very much like to see further developments made in energy storage, because like Japan, Taiwan also lacks energy resources and is dependent on importing energy, Ma said, adding that renewable energy, such as wind and solar power, needs to be stored in order for it to be efficient.

When Japan shut down 54 nuclear reactors three years ago, it needed to start importing a vast amount of liquefied natural gas, leading to a trade deficit, and this year, Japan decided to resume nuclear power plant operations, Ma said.

Japan has spent a considerable amount of effort in developing renewable energy, and just as it has in Taiwan, energy storage technologies have become extremely vital in Japan, Ma said.

The output of the information and communication technology industry in Taiwan has reached US$280 billion, while exports in the industry have reached US$120 billion, accounting for 33 percent of all exports, Ma said.

ICT products that Taiwan exports include laptops, motherboards, servers and wireless local area network equipment, Ma said, adding that Taiwan is in a leading position in terms of worldwide market share.

The industry plays a crucial role in Taiwan's economic development, the president went on to say.

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