Advantech, a global leader in industrial IoT, has announced that Advantech Taiwan has committed to sourcing at least 50% of energy consumed from green power by 2026, with the aim of achieving 100% green power consumption by 2032. To achieve its Environmental, Social, and Corporate Governance (ESG) targets in regards to green power usage, it plans to collaborate with solar service provider RFD Micro Electricity on the development of a special purpose vehicle (SPV) for operating a solar power plant with an output of approximately 10 MW.
With “enabling an intelligent and sustainable planet” as its ESG mission, the company says it has focused on developing smart solutions that benefit the environment, such as green energy storage and wind energy equipment maintenance solutions. It has adopted building energy management, energy conservation, and carbon reduction mechanisms/strategies internally to optimize operations. The company also voluntarily participated in the Science Based Targets initiative (SBTi) to implement responsible production and formulate effective emissions reduction targets for 2030, obtaining international certification in June 2021.
To achieve its green power goals, the company says will partner with RFD Micro Electricity to jointly develop an SPV for operating a solar power plant. The Madou District and Xuejia District of Tainan City have been selected as potential sites for constructing the 10 MW solar power plant, at an estimated initial investment cost of NT$530 million (EUR 16.15 million). The green power output from this plant will enable Advantech to achieve its 50% green power consumption target by 2026.
According to the company, the new power plant will be equipped with its WISE-PaaS industrial IoT cloud platform and a solar energy management solution-ready package (SRP) in an effort to optimize operations, improve maintenance management, and enhance power generation efficiency. Thus, the solar energy SRP will provide an advanced cloud management platform and solution for the solar energy generation industry.
“Advantech’s cooperation with RFD Micro Electricity represents a small step toward realizing green energy consumption and carbon emissions reduction. In the future, Advantech plans to establish a Building Energy Management System (BEMS) business unit as well as a New Energy Solutions business unit for the energy conservation, power generation, and environmental protection sectors. Through long-term investment in these markets, Advantech hopes to make a significant contribution to green energy consumption and achieve its ESG targets,” the company said.
