- CEO
- Hsia Feng Hao
- Full Time Employees
- 43
- Sector
- Electronic technology
- Industry
- Semiconductors
- Address
- No. 49, Sec. 4, Zhongyang Road New Taipei TP Taiwan 236040
- IPO Date
- Jan 15, 2025
- Business
- Foxwell Power Co., Ltd. (6994.TWO) provides comprehensive sustainable energy solutions in Taiwan, specializing in green electricity trading; energy storage system construction, turnkey projects, and operation; energy conservation services including audits, equipment upgrades, and performance assurance; as well as energy-related information technology platforms for data integration, management, and trading optimization. The company integrates renewable energy sources such as solar (135.2 MW) and onshore wind (28.8 MW) power, operates over 300 green power transfer bases nationwide, and supplies renewable energy certificates (T-REC) to clients in technology, telecommunications, finance, manufacturing, and other high-energy sectors; it also participates in Taiwan Power Company's grid stability auxiliary services with projects like the 7 MW dReg in Tucheng and 50 MW E-dReg in Yilan. Founded in 2019 and headquartered at No. 49, Section 4, Zhongyang Road, Tucheng District, New Taipei City, Foxwell Power operates as a subsidiary of Shinfox Energy Co., Ltd. (6806.TWO), with paid-in capital of NT$600 million and approximately 60 employees. In recent developments, the company listed on the Taiwan Stock Exchange in January 2025, approved a private placement of up to 15 million shares at its 2025 annual shareholders' meeting to attract strategic investors and bolster working capital, and entered a strategic partnership to acquire approximately 51% of Smart Power System Co. via share and cash investment, expected to close in Q3 2025 and form a consolidated subsidiary enhancing energy management and grid technologies. It also reinvested in Fwcert Certification Co., Ltd. for expanded services, secured major green power contracts including with Formosa Solar (over 65 million kWh annually), Air Liquide Far Eastern, Phison Electronics (10-year deal), and Nanya Technology, financed a NT$1.75 billion loan for its 50 MW Yilan energy storage project, and reported 2024 consolidated revenue of NT$1.886 billion (up 114% year-over-year) with net profit growth of 50%.