J&V Energy Technology Co., Ltd. (TWSE: 6869), an integrated low-carbon energy group in Asia, together with subsidiaries GREENET Co., Ltd. (TPEx: 7842) and Recharge Power Co., Ltd. (7921-TW), outlined the Group’s operating performance and future growth strategy. As AI data centers and advanced semiconductor manufacturing continue to drive electricity demand, J&V Energy is accelerating the integration of its capabilities in power generation, energy storage, green electricity and AI data centers, expanding from energy supply into computing services to capture opportunities in the AI infrastructure market.
Kai Tan, Vice President of J&V Energy, said the Group has established Leapcloud.ai Co., Ltd. to formally enter the AI data center (AIDC) market, with services spanning data center EPC, operations management and computing capacity leasing. The business is expected to begin contributing revenue this year, with related revenue expected to post multi-fold growth next year as AIDC projects and computing capacity leasing services progressively come online, positioning AIDC as a new long-term growth driver for the Group.
Driven by strong demand for green electricity from AI data centers and the semiconductor industry, GREENET expects green electricity trading to maintain rapid growth over the next three years. Following its acquisition of Taiwan Carbon Asset Electric Co., Ltd., GREENET will continue to evaluate consolidation opportunities within the sector to further expand its market share. The company currently holds green electricity contracts totaling 34.1 billion kWh, while green electricity wheeling volume reached 305 million kWh in the first half of 2026, already exceeding 70% of the approximately 420 million kWh delivered in full-year 2025, further reinforcing its leading position among private electricity retailers in Taiwan.
In energy storage, Recharge Power continues to scale its overseas operations. In Japan, 13 BESS projects have been connected to the grid, and the market has become a major contributor to revenue and earnings. Australia also began contributing revenue in July, with the company currently holding a potential development pipeline totaling 128MW/292MWh. Recharge Power plans to replicate its Japan strategy of building a track record first and then scaling up. As AI data centers expand rapidly, the company is also targeting AIDC-related energy storage demand, providing rapid load smoothing, backup power and energy management services to expand BESS applications across AI energy infrastructure.
For the first half of 2026, J&V Energy reported consolidated revenue of NT$3.498 billion. Gross profit rose 67% year on year to NT$570 million, while gross margin reached 16.3%, up 6.8 percentage points from the same period last year. Operating profit increased 195% year on year to NT$109 million, reflecting continued improvement in the profitability of the Group’s core operations. Electricity trading accounted for 49% of consolidated revenue, making it the Group’s largest revenue contributor, while energy storage engineering represented 23%. Overseas revenue also accounted for nearly one quarter of total revenue, demonstrating the growing contribution of the Group’s diversified businesses and overseas expansion.
Shu-Min Chao, General Manager of J&V Energy, said: “Over the past decade, J&V Energy has built integrated capabilities spanning power generation, energy storage and green electricity supply. In the next phase, we will further integrate new businesses such as AIDC and SOFC, creating stronger synergies across the Group. Our goal is to progressively build an ‘integrated energy fleet’ capable of supporting the development of the AI industry, extending the Group’s capabilities from energy infrastructure into computing infrastructure.”
Looking ahead, green electricity and energy storage will remain key growth drivers, while the recently acquired 187MW solar portfolio, AIDC, SOFC and overseas engineering projects are expected to make increasing contributions over time. J&V Energy expects overseas revenue to maintain double-digit growth, while its gross margin profile is expected to improve as the Group continues to diversify its business portfolio, supporting the Group’s next phase of expansion.
