TPI Energy to list on emerging stock market May 27; Japan becomes primary market

CNA reporter Chang Chien-chung, Taipei, May 25. TPI Energy, a storage firm under Cloud Energy, is scheduled to list on the emerging stock market on May 27 with a reference price of NT$108 per share. General Manager Feng Hao-hsiang stated that revenue from the Japanese market will surpass Taiwan this year, making it the company's primary market. At a media briefing today, Feng noted that TPI Energy, founded in 2019, provides one-stop integration solutions including planning, financial assessment, construction, and operation management. In 2025, total revenue reached NT$3.282 billion, a 404% increase, with a net profit of NT$336 million and EPS of NT$8.49. The Japanese market accounted for 23% of revenue. Driven by growth in Japan, revenue for the first four months of this year reached NT$638 million, with a net profit of NT$126 million and EPS of NT$3.16. The Japanese market share reached 76%. Feng stated that Japan will be the main driver of growth. Two solar-plus-storage projects in Taiwan are expected to contribute this year, along with new contributions from the Australian market.