Taiwan’s Penghu County Government and Cornwall Council in the U.K. signed a protocol of collaboration Nov. 5 in Taipei City on jointly promoting and developing smart grids, renewable energy and related technologies.
The agreement requires the local governments to work together in developing industry standards, power distribution networks, energy storage R&D and bilateral industry alliance tie-ups.
Smart grids are currently playing a key role in Taiwan’s sustainable development as they significantly increase power efficiency and cut usage, so working with Cornwall can tap into this rising industry and help build Penghu into a low carbon island.
On the other hand, implementation of smart grids in the U.K. will generate more than 13 billion pounds (US$20.77 billion) in economic benefits, while the country’s related exports could top 5 billion pounds.
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