Yulon Finance Co., Ltd. (9941) has achieved remarkable success in renewable energy investments in recent years. Its subsidiary, Shinshin Credit Corporation today formally announced a collaboration with Billion Watts Technologies Co., Ltd., a subsidiary of Billion Electric Co., Ltd. (3027), to develop a 64MW energy storage facility. Officially commissioned in March, the project showcases a mutually beneficial partnership in the green energy sector and has emerged as a key force in stabilizing Taiwan’s regional power grid.

Located in a designated industrial zone in central Taiwan, the facility supports both energy shifting and frequency regulation and will participate in Taiwan Power Company’s E-dReg ancillary service market. By leveraging energy shifting, it provides stable power supply during peak nighttime hours, ensuring round-the-clock reliability for local users. With a rapid response time of 200 milliseconds, the system can react instantly to sudden grid disturbances, helping to maintain frequency stability.

Shinshin Credit Corporation stated that the commissioning of this 64MW energy storage facility will significantly enhance nationwide power dispatch capabilities, ensuring grid stability during peak demand periods. The facility boasts a storage capacity of 262.43MWh, providing instant backup power equivalent to the daily electricity consumption of approximately 26,000 households, further strengthening Taiwan’s grid resilience.

Billion Watts Technologies Co., Ltd. highlighted that Taiwan’s renewable energy market is in a growth phase, and this facility has been built to the highest safety standards. It is equipped with a comprehensive fire protection system, including firewalls, safety distance planning, water reservoirs, and fire suppression devices, along with real-time monitoring and anomaly alert systems. These features not only enhance power stability and frequency regulation in the industrial zone but also ensure community safety through robust design, reinforcing the company’s vision of "energy security, environmental sustainability, and social inclusion." This project is expected to set a new benchmark for Taiwan’s energy storage sector.

Accelerating Carbon Reduction and the Green Energy Transition

The renewable energy sector has become a global focal point, with unprecedented momentum in green energy trading, reflecting the rise of corporate sustainability commitments. According to Taiwan’s Bureau of Energy, renewable energy accounted for 11.6% of Taiwan’s total electricity generation in 2024, marking a 2.1% increase from the previous year, with solar power contributing 44.7% of that share. However, addressing the intermittency and variability of renewable generation remains a critical challenge. The International Energy Agency (IEA) has emphasized that expanding global battery storage capacity is essential for achieving net-zero emissions targets.

Billion Electric Co., Ltd. has built its foundation on technological innovation, focusing on developing Taiwan-made green energy solutions under its own brand. The company has an annual production capacity of up to 1.2GWh for battery energy storage systems. Its subsidiary, Billion Watts Technologies Co., Ltd., leverages deep expertise in power engineering and market influence to integrate solar power, energy storage, EV charging infrastructure, and intelligent monitoring. With a market share exceeding 10% in Taiwan’s energy storage sector, it is now the leading provider of integrated energy storage solutions.

Billion Watts Technologies continues to strengthen its resource integration within the group to ensure rigorous quality control. Looking ahead, the company will accelerate its expansion into commercial and industrial energy storage, behind-the-meter applications, and virtual power plant (VPP) solutions. By integrating ESS, PV, and EV charging infrastructure through its Energy Management System (EMS), the company applies AI-driven analytics and forecasting to help businesses optimize energy efficiency, reduce operational costs, and navigate electricity price fluctuations and carbon fee regulations. These advancements drive smarter and more sustainable energy applications for the future.