Taiwan's e-Formula Technologies Inc. Partners with Japan's Chodai Co., Ltd. to Enhance Behind-the-Meter Asset Management in Taiwan and Japan

(Left to right): Peter Chang, Chairman of e-Formula Technologies Inc.｜Hajime Sawai, General Manager of Tokyo Century Corporation｜Toshiaki Miyamoto, Chairman of Kyuren Environmental Development Co., Ltd.｜Toshimichi Hosoya, President of Chodai Taiwan Inc.

e-Formula Technologies Inc., a leading energy efficiency solutions provider in Taiwan, has signed a memorandum of understanding (MOU) with Chodai Co., Ltd., represented locally by Chodai Taiwan Inc. The partnership aims to strengthen behind-the-meter (BTM) asset management capabilities in Taiwan and Japan. As a distinguished leader in Japan's engineering consultancy sector, Chodai Co., Ltd. has a diversified portfolio spanning bridges, rail transportation, energy, and information and communication technology, excelling in public-private partnership (PPP) projects. Toshimichi Hosoya, President of Chodai Taiwan, emphasized e-Formula's strategic importance as the company’s primary international partner. From deploying intelligent energy management systems (EMS) to achieving energy savings, cost reductions, and carbon emissions mitigation, e-Formula has demonstrated exceptional execution capabilities in Taiwan. With a robust team, e-Formula brings extensive experience in green energy infrastructure, project financing, and fostering long-term relationships with local governments and supply chains. e-Formula Chairman Peter Chang highlighted that this collaboration underscores the company's position as a critical bridge for international investors seeking entry into Taiwan and the Asia-Pacific renewable energy markets. Recognizing e-Formula's potential for global partnerships, Chodai aims to jointly deliver innovative solutions to address key challenges in the renewable energy supply chain across the Asia-Pacific region. e-Formula continues to invest in cultivating local talent, inspiring a new generation in Taiwan to contribute to the green energy sector.

The partnership also includes Tokyo Century's financing and leasing solutions and Kyudenko's construction expertise, represented in Taiwan by Kyuren Environmental Development Co., Ltd., to optimize Chodai’s assets in the Asia-Pacific region. This MOU signing further validates the team’s professional and innovative capabilities, highlighting the competence of Taiwan-based companies in managing energy projects on an international scale. It also reflects Taiwan’s steady progress toward achieving its renewable energy ambitions under government leadership. e-Formula has recently achieved significant milestones in the smart energy sector. In February, the company signed an exclusive distribution agreement with France-based ENOGIA to deliver high-performance, low-noise Organic Rankine Cycle (ORC) generators to Taiwan Cement Corporation’s Hongye Valley Green Energy Hot Spring Resort, driving geothermal energy development in Taiwan. Additionally, E-Formula has partnered with AI energy scheduling pioneers NaiNeng and Dongyi to set a new benchmark in energy dispatch efficiency, leveraging AI technologies to meet the growing global demand for electricity. e-Formula is committed to contributing meaningfully to Taiwan's energy transition goals, including the nation’s target of achieving net-zero carbon emissions by 2050.

About e-Formula Technologies Inc.
Established in 2007 and headquartered in the Neihu District of Taipei City, e-Formula Technologies Inc. began as a provider of information and communication technology (ICT) solutions. Over the years, the company expanded into artificial intelligence of things (AIoT) services, leveraging its robust digital technology expertise. Since 2016, e-Formula has made significant strides in the research and development of intelligent energy management systems (EMS). The company delivers comprehensive energy solutions, including energy generation, advanced energy efficiency measures, energy storage, and microgrid services, enabling clients to address the electricity supply challenges posed by climate change. e-Formula's international footprint is underscored by its subsidiary in the Philippines, where its workforce now surpasses that of Taiwan, reflecting the company’s successful globalization efforts. A pioneer in energy management innovation, e-Formula is the first company in Asia to secure energy-saving insurance, underscoring its leadership in providing integrated solutions for energy efficiency, carbon management, and renewable energy integration. With a strong commitment to sustainability, e-Formula empowers businesses to transition toward a more sustainable future.

About Chodai Co., Ltd.
Founded in 1968 and headquartered in Tokyo, Japan, Chodai Co., Ltd. is a comprehensive engineering firm specializing in infrastructure planning, design, construction supervision, and technical consultancy. The company’s expertise spans a wide range of sectors, including roads, bridges, disaster prevention engineering, water resource facilities, and environmental protection. At the core of Chodai's operations are technological innovation and sustainable development. The company is dedicated to advancing smart infrastructure and low-carbon technology applications, offering end-to-end services from initial investigations to post-construction management. Chodai is also an active participant in international project collaborations, particularly in Asia and Africa, where it supports the development of transportation, energy, and environmental infrastructure. Guided by its mission to “build safe and prosperous social infrastructure,” Chodai is committed to delivering high-quality, environmentally friendly solutions that contribute to global societal well-being.