Foxwell Power was established in 2019 and primarily provides comprehensive sustainable energy solutions, including green electricity trading, energy-saving and energy storage engineering and technical services, and Taiwan Power Company’s grid stability auxiliary services. As one of the first green electricity traders in Taiwan, Foxwell Power is engaged in turnkey projects for energy-saving and energy storage systems, offering integrated advantages across the upstream, midstream, and downstream sectors. The company also conducts on-site visits to client facilities to assess electricity usage and carbon reduction needs, providing customized energy integration services for a one-stop carbon reduction pathway.
Products and Services
Foxwell Power is one of the first electricity sellers after the liberalization of the energy market in Taiwan, with over 300 green electricity transfer points. The company helps clients in industries such as technology companies, telecommunication companies, and finance companies purchase green electricity. By integrating electricity generated from renewable energy sources, Foxwell Power sells renewable energy to electricity consumers according to the operational regulations for electricity supply and grid connection set by Taiwan Power Company. The company also transfers the corresponding renewable energy certificates (T-REC) for the purchased electricity to consumers. Currently, Foxwell Power integrates a total renewable energy capacity of 164 MW (including 135.2 MW of solar power and 28.8 MW of land-based wind power).
Foxwell Power provides comprehensive energy audits for clients, covering equipment operations such as electricity, lighting, air conditioning, air compression, and industrial furnaces. The company offers specific improvement suggestions and executes equipment replacement projects based on client needs. It also implements energy management systems to help clients monitor and track real-time energy consumption.
Foxwell Power primarily offers turnkey construction and operation services for energy storage systems and provides operational services for the Taiwan Power Company’s electricity trading platform. Currently, Foxwell Power owns projects such as the 7 MW dReg in Tucheng and the 50 MW E-dReg in Ilan, and assists clients in constructing energy storage systems. Additionally, as a qualified trader, Foxwell Power participates in Taiwan Power Company’s grid stability auxiliary services. The company provides rapid charge and discharge for grid-connected energy storage systems, helping the grid respond to short-term frequency fluctuations in the power system and improving power supply stability and reliability in Taiwan.
Competitive Advantages
Foxwell Power’s professional team, with years of technical expertise and experience, master key product technologies, design and plan based on individual customer needs, and provide customized solutions that effectively respond to market changes.
The company has established a green energy information service platform, which integrates data from electricity generation, consumption, and sales, enabling production and sales management as well as data analysis. This platform helps understand the purchasing patterns of electricity consumers, and performs resource scheduling and electricity management in advance to improve the success rate of electricity transfers by using the best algorithms. Through the platform, Foxwell Power offers a one-stop procurement service, improving matching efficiency and creating profit opportunities.
Foxwell Power also engages in turnkey projects for energy-saving and energy storage systems. Close relationship with suppliers and subcontractors gives the company an advantage in upstream, midstream, and downstream integration. By outsourcing to experienced vendors, Foxwell Power ensures the best engineering outcomes. Expanding raw material supply channels and building a procurement database to effectively control production costs creates reasonable profits and adds enterprise value.
Future Outlook
According to the International Energy Agency (IEA) “net-zero emission pathways” and the National Development Council "Taiwan 2050 Net-Zero Emissions Pathway and Strategy Summary", the share of green energy in global electricity generation will continue to rise year by year. The Taiwanese government is also actively promoting the deployment of green energy, which drive growth of the green energy industry chain, benefitting the future development of Foxwell Power.
Currently, small and medium-sized power generation companies in Taiwan face challenges due to the lack of precise renewable energy matching technologies, integrated green electricity trading systems, and professional green electricity trading teams. On the consumer side, difficulties include the variety of green electricity procurement sources, challenges in information integration, and high implementation costs. In recent years, Foxwell Power has been actively developing the green electricity cloud service to integrate market information and simplify the trading process, facilitating more deals of renewable energy transaction. This will contribute to the development of green electricity trading market in Taiwan.