Innolux Corp., Taiwan’s largest liquid crystal display panel manufacturer, announced a partnership with Delta Electronics Inc. to develop what it claims is the first large-scale energy storage facility in Tainan Science Park.
The 40-megawatt system with 70 megawatt-hours of capacity represents Innolux’s latest attempt to diversify beyond its struggling core panel business. The facility can supply power equivalent to 5,600 households for one day and will participate in Taiwan Power Co.’s frequency regulation services.
Innolux swung to a net profit of NT$6.47 billion ($196.3 million) last year from a loss of NT$18.64 billion the previous year, primarily due to asset disposal gains rather than operational improvements. The company reported its third consecutive year of operating losses at NT$7.92 billion.
The energy storage project builds on Innolux’s existing 46-megawatt solar power installations that are already connected to Taiwan’s electrical grid. The company has positioned energy storage as part of its transformation strategy to reduce dependence on volatile display panel markets.
Taiwan’s science parks are exploring shared energy storage solutions as the island progresses toward net-zero carbon emissions goals. Energy storage capacity is becoming increasingly vital as Taiwan’s renewable energy share grows, with solar contributing 44.7% of the country’s renewable generation in 2024.
Delta Electronics, a major power management systems provider, brings experience from completing Taiwan Power’s largest energy storage system on Kinmen Island. The Taipei-based company reported consolidated sales revenues of approximately NT$421.1 billion ($13.1 billion) in 2024.
The Tainan facility includes fire protection systems and real-time monitoring capabilities, according to Innolux’s announcement. The company said the project will help stabilize power grid frequency during demand fluctuations and power outages.
