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Despite challenges in the domestic energy storage market, LEI New Energy, a subsidiary of the LEI Group, is moving forward with its vision by partnering with Cold Electric to co-develop a 40MW E-dReg energy storage project. The project is scheduled to begin construction in Q4 2023 and is expected to be completed by Q4 2025.

This collaboration leverages LEI New Energy’s extensive expertise in EPC (Engineering, Procurement, and Construction) and Cold Electric’s domestically produced energy storage systems. As a leading lithium iron phosphate battery manufacturer, Cold Electric is led by Wang Kuei-Yun, the eldest daughter of Formosa Plastics Group founder Wang Yung-Ching. By using Cold Electric’s advanced energy storage systems, the project will exclusively feature domestically produced batteries, reinforcing the local supply chain and supporting Taiwan’s green energy goals.

LEI Group’s Expanding Green Energy Portfolio

LEI Group has built a strong presence in the green energy sector, with notable projects and initiatives, including:

• 綠立新能源: 3.5MW dReg 0.25 energy storage project
• 創立鑫能源: 40MW E-dReg energy storage project
• 芮德新能源: Focused on EV charging station operations

A Legacy of Excellence, A Future in Green Energy

As a well-established Taiwanese power supply manufacturer, LEI has a rich history specializing in switching power supplies and magnetic components. Amid growing industry competition, the company is reshaping its product portfolio and extending its power supply expertise into the green energy sector.

LEI General Manager Bao Shiao-Yu shared the company’s vision:
"For over 50 years, LEI has remained committed to the power supply industry. While continuing to strengthen our traditional business, we are evolving into the green energy sector with refined management and product innovation. Our focus on energy storage projects and EV charging solutions will drive sustainable growth for the future."