A Powerful Combination! Fuwei Power Invests in Smart Power System to Transform into a Global AI Smart Energy Platform
2025.05.15 Taipei
On May 15, 2025, Fuwei Power Corporation announced its strategic investment in Smart Power System (SPS), a Taiwanese energy management company, acquiring a 51% stake through a combination of share exchange and cash investment. This move aims to transform Fuwei Power into a global AI-driven smart energy platform.
SPS, established in 2019, specializes in Energy Management Systems (EMS), smart monitoring technologies, and electromechanical integration applications. With a team of over 50 experts and a track record of profitability, SPS holds a significant market share in Taiwan’s energy management sector.
Fuwei Power, known for its focus on green electricity trading and large-scale energy storage, plans to leverage this acquisition to enhance its AI energy platform capabilities. The collaboration is expected to accelerate the development of high-value energy storage integration control technologies, grid resilience applications, and AI smart energy management systems, positioning the company at the forefront of the global transition to AI-powered energy solutions.
SPS, established in 2019, specializes in Energy Management Systems (EMS), smart monitoring technologies, and electromechanical integration applications. With a team of over 50 experts and a track record of profitability, SPS holds a significant market share in Taiwan’s energy management sector.
Fuwei Power, known for its focus on green electricity trading and large-scale energy storage, plans to leverage this acquisition to enhance its AI energy platform capabilities. The collaboration is expected to accelerate the development of high-value energy storage integration control technologies, grid resilience applications, and AI smart energy management systems, positioning the company at the forefront of the global transition to AI-powered energy solutions.
Source: https://www.ftvnews.com.tw/news/detail/2025515W0415
