Shih Den: Focusing on Green Energy Transformation and Turnkey Projects, Eyeing AI Heavy Electrical Applications

Heavy electrical equipment manufacturer Shih Den held its annual shareholders' meeting today, approving a cash dividend of NT$5 per share and completing a board of directors reshuffle. The company stated it will continue focusing on business opportunities in green power, energy storage, and energy efficiency transformation this year, actively pursuing turnkey projects in wind and solar power with energy storage, transportation and public infrastructure, and Taiwan Power Company's grid resilience program. It also aims to expand into overseas markets including North America, Europe, the Middle East, and Southeast Asia.

Regarding the overall market outlook for this year, Shih Den noted that the growing momentum around artificial intelligence (AI) is boosting the semiconductor and electronics industries. With continued government initiatives in grid resilience, renewable energy, and rail and transportation infrastructure, sales are expected to remain strong.

In overseas markets, increasing electricity demand—driven by rising AI-related needs in the United States and expanding overseas investments by domestic enterprises—is creating favorable conditions for exporting power distribution products to the U.S. market.

Shih Den highlighted that the deepening applications of AI and high-performance computing are fueling robust growth across the electronics and information and communications supply chain, strengthening momentum in the heavy electrical industry. Additionally, Taiwan Power Company's 'Grid Resilience Enhancement Construction Plan' has entered its peak implementation phase, while major international tech giants and Taiwanese manufacturers are expanding data centers, generating substantial demand for power infrastructure.

The company expects its operations to continue benefiting from global energy transformation trends, power grid modernization, and data center expansion plans. Power transmission and distribution transformers have become critical resources, with strong order momentum. Export orders to North America, Japan, and Southeast Asia have shown significant growth. Notably, major U.S. tech companies' investments in AI training and data center development are expected to drive rapid market demand growth over the next 5 to 10 years. Shih Den plans to accelerate obtaining international certifications for high-voltage, high-capacity equipment in Europe and the U.S., transforming into a globally recognized supplier.