HD Renewable Energy Partners with Gigastorage to Build Energy Storage Asset Platform for Reserve Capacity Market Participation
HD Renewable Energy Partners with Gigastorage to Build Energy Storage Asset Platform for Reserve Capacity Market Participation
HD Renewable Energy, together with strategic partner Gigastorage Corporation, has established the energy storage asset platform, targeting opportunities arising from Taiwan's capacity market scheduled to launch in 2026.
HD Renewable Energy Co., Ltd. (TWSE: 6873, hereinafter "HDRE"), a leading smart energy company, announced today (29) a strategic partnership with Gigastorage Corporation (TWSE: 2406, hereinafter "Gigastorage"), leveraging the two companies' combined technological capabilities and market expertise. Together with other industry partners, they have jointly established an platform which focused on energy storage asset investment and the reserve capacity market.
The platform will also draw on the asset management and power trading experience of Star Trade, a subsidiary of the HDRE Group, to capture opportunities arising from Taiwan's reserve capacity market, scheduled to commence in 2026, and to proactively position for future capacity trading.
The first energy storage project of the platform represents a total investment of approximately NTD 3.5 billion and is located in Xinshe District, Taichung City, with an installed capacity of 100 MW. Construction is expected to begin in 2026, with commercial operation targeted for 2027. Upon completion, the project will participate in reserve capacity mechanisms such as Energy-shifting with Dynamic Regulation Function Reserve (E-dReg), providing real-time backup power during peak demand periods.
In terms of operational roles, this energy storage asset platform integrates the HDRE Group's strengths in project development and asset management. HDRE will oversee energy storage project development, tariff bidding, equipment procurement, and engineering execution. Once the project enters the operational phase, Star Trade will be responsible for power market operations, renewable energy trading, reserve capacity transactions, and related value-added services.
Leveraging Star Trade's expertise in trading strategies, capacity allocation, and risk management, the platform is able to continuously optimize its revenue mix and asset utilization efficiency on the back of its existing energy storage capacity. This approach upgrades energy storage projects from one-off, construction-focused investments into power service assets with stable cash flows and long-term return potential.
With the platform as the starting point, HDRE and Gigastorage will continue to deepen their strategic partnership in the energy storage and power services space, while further connecting with additional industry partners. Together, they aim to expand the new alliance to strengthen industry collaboration and advance the development of a comprehensive energy ecosystem.
HDRE has long partnered with life insurance capital and diversified strategic investors to establish multiple green energy investment platforms. Through a one-stop service model covering project development, construction, and operational management, the Group supports investors in effectively managing risks across all project stages while generating stable, predictable returns. To date, HDRE has established four major green energy asset platforms: Star Power Energy, focused on ground-mounted solar PV; Aquastar Energy, centered on Fishery and solar electricity symbiosis projects; Star Energy Storage, dedicated to front-of-the-meter energy storage; and Fubon Green Power, integrating solar PV and energy storage solutions. The total assets under management across these platforms are expected to exceed NTD 72 billion.
With the addition of this energy storage asset platform, HDRE further strengthens its overall strategic positioning in the energy storage and power services markets, continuing to enhance the long-term value and market impact of its energy asset portfolio.
About HD Renewable Energy (HDRE)
HD Renewable Energy (TWSE: 6873) is a pioneering force in the renewable energy sector. Guided by the vision "Smarter Energy, Accessible Green," Anchored in solar power, HDRE provides end-to-end renewable energy solutions through its subsidiaries, including Star Trade (green power consulting and energy storage asset integration), Star Chargers (EV charging operations), Star Aquaculture (agrivoltaics and aquaculture integration), and Hongbo Energy (asset operations and maintenance). With operations in Taiwan, Japan, Australia, and the Philippines, HDRE is expanding its global presence through strategic partnerships and accelerating the transition to smarter, greener energy worldwide. Learn more: www.hdrenewables.com
