TECO Expects Growth in Three Major Business Groups, Power and Energy to Increase Quarterly

TECO Electric & Machinery President Kao Fei-yuan projected significant growth for the company's business groups this year. The electromechanical group is expected to grow by 20%, power and energy by 30% to 40%, and energy and system automation by over 20%. Growth drivers include doubled transformer orders in the US, AI-driven power grid demands in Taiwan, and data center opportunities in Southeast Asia.