Formosa Smart Energy Tech Corporation (FSET) has officially signed a Memorandum of Understanding (MOU) with SKB Group, Poland, establishing a strategic partnership across five key areas: electric buses, EV charging and integrated energy storage systems, commercial and industrial energy storage, smart energy platforms, and strategic investment and industrial collaboration. This alliance symbolizes the convergence of Taiwan and Poland’s technological capabilities in the new energy sector and lays a solid foundation for jointly expanding into the European market.

The MOU was signed on July 1 during the Poland-Taiwan Economic Forum in Taipei by Ms. Sandy Wang, Chairperson of FSET, and Mr. Bartlomiej Dobosz, Co-owner of SKB Group. The signing ceremony was witnessed by Polish business leaders, government officials, and scholars, including Michał Jaros, Undersecretary of State at the Polish Ministry of Economic Development and Technology, Cyryl Kozaczewski, Head of the Polish Office in Taipei, and Agnieszka Sygitowicz, Chairperson of the Polish-Taiwan Chamber of Commerce—highlighting the significance both parties place on this cooperation.

Chairperson Sandy Wang emphasized that Formosa Smart Energy has long adopted a global vision to advance its new energy business. The company has previously exported battery modules for UPS systems to markets such as China, Southeast Asia, and North America. With the recent completion of its LFP cell factory in 2024, FSET's LFP cells and modules now feature high energy density, outstanding safety and stability, and the branding advantage of Taiwanese local manufacturing. The company continues to secure domestic orders for e-bus and energy storage systems while actively exploring international markets.

By partnering with SKB Group, FSET will offer integrated solutions including battery packs, modules, and storage systems. These will be combined with SKB’s expertise in electric bus systems and components, renewable power plant construction, and public project contracting. Together, the two companies aim to co-develop energy storage infrastructure and electric mobility solutions across Europe.

According to Mr. Stephen Liu, President of FSET, the current e-bus penetration rate in Polish cities is only about 5–7%, falling short of the national goal of 75% by 2030. Additionally, with over 60% of Poland’s electricity generation still reliant on coal, there is an urgent need for energy diversification and carbon reduction. As Poland rapidly deploys solar, wind, and biogas renewable energy projects, corresponding energy storage systems are essential for stabilizing power supply during peak demand periods.

FSET plans to deploy its proprietary energy storage solutions to enhance peak load management while extending its capabilities to charging infrastructure and transportation systems, supporting the broader low-carbon transition in Poland and other European markets.

With a 35-year legacy, SKB Group is one of Poland’s leading companies in steel structures, renewable energy, and chemical industries, specializing in heavy industrial construction, energy infrastructure, cast iron production, and large-scale logistics. Under the newly signed MOU, both parties will collaborate in five key areas, including the co-development of an electric bus platform, initiation of pilot projects and demo sites in Europe, and commercial deployment of smart EV charging systems with V2G (Vehicle-to-Grid) capabilities.

In the energy storage sector, both sides will jointly design modular, scalable storage solutions suitable for residential, commercial, and industrial applications, integrate energy management platforms, and explore diverse business models. They will also develop AI-powered analytics tools to support customized infrastructure planning for clients.

Looking ahead, Formosa Group and SKB will leverage their combined strengths to explore joint investments in logistics, energy infrastructure, and advanced materials. Together, they aim to build a resilient supply chain and establish a strategic international alliance for the new energy industry across Asia and Europe.

About Formosa Smart Energy

Formosa Smart Energy was established in 2022 by Formosa Plastics Group with the mission to vertically integrate the Group’s resources and focus on energy saving, energy storage, new energy, and recycling. The company has built Taiwan’s largest production base for lithium iron phosphate (LFP) cells and modules, actively promoting the development of Taiwan’s battery industry chain and expanding into international markets.

The company is investing in the R&D of cutting-edge technology, including solid-state batteries, battery recycling, and microalgae-based carbon capture, to realize the vision of a circular economy. Formosa Smart Energy is committed to delivering sustainable energy solutions for the benefit of both the planet and humanity.

About SKB

The SKB Group is a diversified business conglomerate operating in the construction and industrial sectors. The company provides comprehensive general contracting services for construction projects, including industrial, commercial, residential, and public utility buildings (SKB LDR). It also specializes in the production of advanced drivetrain components for vehicles (SKB Drive Tech), implementation of flue gas cleaning systems, and projects related to the transmission, transport, and storage of hazardous, highly aggressive, and corrosive media (Plast Instal SKB). Additionally, SKB offers logistics services (Cordis Logistics) and energy solutions (SKB Energetyka).