Delta Launches Energy Storage Systems in France
2014/07/11 | By Quincy Liang
Delta has been aggressively widening its business scope, with its market value having reached NT$509.4 billion (US$16.98 billion) to rank it one of Taiwan's top-10 enterprises.
A manager of Delta says that his company's market value has surged in the past two years. The new management team consists of chairman Yancey Hai and CEO Cheng Ping, who took the helm in late June, 2012, when the market value of Delta was about NT$200 billion (US$6.67 billion). Bruce Cheng, founder and honorary chairman said earlier that he is quite satisfied with the new management team's performance.
Industry sources said that Delta's new smart energy-storage system enables European customers to store energy by using PV inverter installed on rooftops, essentially the Taiwanese company's newly developed building energy storage system (BESS).
Hai says that that among regenerated energy types, wind and solar power are relatively unstable, so energy storage plays a vital role in power management, which is also a focus of Delta's development.
Delta recently announced having concluded an agreement with Mitsubishi Heavy Industries, Ltd. (MHI) of Japan to acquire its business assets, including machinery, in lithium-ion (Li-ion) rechargeable batteries. MHI will shift to Delta its management resources into energy storage systems employing Li-ion rechargeable batteries, and, according to recent Japanese media reports, plans to withdraw from the Li-ion business, in which MHI had invested about 10 billion Japanese yen in 2010, and sell it to a Taiwanese enterprise.
Another Delta executive said that Delta's energy storage and management solutions can greatly cut power spending by maximizing regenerated-energy efficiency.
Delta offers a diverse lineup of electro-thermo products, including power and thermal management solutions, being a global-scale enterprise with approximately 200 facilities worldwide including production, sales and R&D operations.