Tatung Smart Energy Partners with Chin Hsing Textile for Major Green Power Supply Agreement

Tatung Smart Energy, a subsidiary of Tatung Company (2371), recently announced a significant partnership with Chung Hsing Textile. The company has signed a green electricity supply contract to deliver over 1 million kilowatt-hours of green energy over the next three years, commencing in the second quarter of this year. This collaboration marks a crucial step in Tatung Smart Energy’s journey as a leader in the green energy sector, boasting a record of supplying over 10 million kilowatt-hours of green energy to date. The company anticipates a remarkable growth of over 200% in its green electricity supply business this year.

<b>Huang Yun-Wei</b>, the General Manager of Tatung Smart Energy, emphasized the importance of making sustainable energy choices in light of the global focus on climate change. He expressed pride in partnering with Chung Hsing Textile to help them achieve carbon neutrality and reduce their carbon footprint, providing reliable green energy over the next three years.

Tatung Smart Energy has established itself as a pioneer in Taiwan’s EPC (Engineering, Procurement, and Construction) market, offering comprehensive services in solar energy, operational maintenance, charging stations, and energy storage. The company has successfully completed 1,551 solar projects with a total capacity of 328.48 MW, generating approximately 400 million kilowatt-hours of electricity annually and reducing carbon emissions by nearly 200,000 tons, equivalent to the annual carbon absorption of 514.24 Da'an Forest Parks.

Green energy provides stable and high-margin revenue, and Tatung is confident that with the ongoing green electricity supply and carbon pricing systems in Taiwan, it will foster long-term growth for the company's overall operations.

<b>Tatung Smart Energy</b> is also actively providing hybrid energy solutions to help businesses mitigate carbon taxes. With the recent high tariffs imposed by the United States, there is heightened scrutiny on carbon reduction. <b>Lin Jian-Hong</b>, Director of the Zero Carbon and Low Carbon Business Unit at Tatung Smart Energy, stated that companies are dedicated to reducing carbon emissions and will continue to pursue this goal. The company is well-versed in the fields of solar energy and energy storage, managing various complex energy management projects while providing integrated energy solutions.

Despite challenges in developing ground-mounted solar projects and fishery electricity cases, Tatung Smart Energy focuses on commercial rooftop and public sector projects. In the first quarter, the company saw a counter-cyclical growth in project acquisition. General Manager Huang Yun-Wei is optimistic about energy storage and is committed to creating a second growth curve. Expanding the price differential between peak and off-peak electricity rates can encourage more businesses to invest in energy storage. Companies that understand electricity policies can leverage energy storage not only for backup supply but also for optimizing energy costs.

With over 320 MW of installed capacity and an annual output of 400 million kilowatt-hours, Tatung has a strong foundation and confidence in its pricing, minimizing default risks. The development model for energy storage is similar to that of solar energy, evolving from self-built projects to investments and leasing arrangements for construction. Tatung Smart Energy is also assisting banks in enhancing their understanding of energy storage, benefiting small and medium-sized enterprises in financing.

While over a hundred power sales licenses have been issued in Taiwan, the margins for green electricity sales are low, and the risks associated with not meeting contractual obligations can lead to penalties. Tatung Smart Energy provides flexibility to power suppliers and operators, ensuring stable electricity supply during transitional periods while offering various net-zero solutions to help companies achieve energy savings and carbon reduction, advancing ESG goals toward sustainable operations.

On March 28, 2025, Tatung Smart Energy signed a green electricity procurement agreement with <b>Central Automotive</b>, targeting a collaboration that will facilitate the purchase of over 20 million kilowatt-hours of green energy. This partnership is expected to reduce carbon emissions by approximately 11,000 tons, demonstrating the company’s commitment to sustainable development and addressing climate change.

Furthermore, Tatung Smart Energy’s innovative energy solutions encompass energy creation, energy saving, storage, and usage, assisting businesses in improving energy efficiency and reducing waste. As the demand for renewable energy continues to surge, the company plans to expand its green electricity sources and provide diverse solutions, enhancing the flexibility and efficiency of green energy utilization.

On March 19, 2025, a delegation from <b>Saint Kitts and Nevis</b> visited Tatung's solar and storage facilities. The visit marked the beginning of energy exchanges between Taiwan and Caribbean nations and highlighted Tatung Smart Energy's ambitions to expand EPC opportunities in Central America.

In a separate initiative, Tatung Smart Energy is showcasing its innovative energy solutions at the <b>2025 Smart City Exhibition</b>. The company is presenting its comprehensive energy management systems, which integrate solar power generation, energy storage, and intelligent energy management. The goal is to provide households with reliable and efficient green energy solutions amidst rising electricity costs.

Tatung Smart Energy's commitment to sustainability is evident as the company continues to leverage its resources to provide integrated energy solutions, including services for electric vehicle charging stations. The company has successfully installed over 1,000 charging stations, further solidifying its role in the renewable energy transition.

As Taiwan approaches its carbon neutrality goals, Tatung Smart Energy remains at the forefront of the renewable energy landscape, continually seeking partnerships and opportunities to drive sustainable growth and technological advancements in the energy sector.