Fortune Electric is capitalizing on the growth of AI and the global energy transition by delivering smart, efficient power solutions to customers around the world. Through this transformation, the company has become a key partner in the modernization of power grids globally.

In an era of rapid AI advancement, the importance of electricity cannot be overstated. Whether it is the accelerating deployment of high-voltage direct current (HVDC) transmission systems or the growing complexity of power grids integrating diverse renewable energy sources, access to reliable power has become a key competitive advantage in the next phase of industrial development. What many people may not realize, however, Fortune Electric is one of the driving forces behind Taiwan's resilient power grid and reliable electricity supply, a heavy electrical equipment manufacturer with nearly six decades in the history.

"Beyond the growing demand for computing power, the widespread adoption of EVs and the expansion of smart manufacturing also depend on our technologies," said Lin Chia-ching, Manager at R&D Center of Fortune Electric. He explained that Taiwan's electricity consumption patterns have changed dramatically in recent years. Significant voltage fluctuations, sudden surges in demand, and the intermittent nature of renewable energy generation are creating unprecedented challenges for the power grid. As a result, companies capable of delivering more efficient intelligent and higher-quality power equipment will become indispensable partners in driving industrial transformation. Against this backdrop, Fortune Electric has demonstrated its unique value and capabilities.

R&D Center manager Lin Chia-ching has championed the development of internal innovation initiatives and led his team in developing a smart regulating transformer, helping Fortune Electric,an established heavy electrical equipment manufacturer, build a clear competitive edge in the international market.

Electricity Has Become a Strategic Resource Shaping the Next Phase of Global Industrial Competition

Founded in 1969, Fortune Electric grew alongside Taiwan’s period of rapid economic growth and has become one of the country’s leading heavy electrical equipment manufacturers. The company operates five modern production facilities and offers a product portfolio that includes transformers, power distribution equipment, and power electronics. It is also one of the few suppliers in Taiwan, capable of manufacturing high-capacity high-voltage transformers, making it a key contributor to Taiwan's power infrastructure.

In the face of rapid changes across the energy sector, how has this nearly 60-year-old manufacturer maintained its competitive edge? Lin believes that the answer lies in an innovative spirit that stays ahead of industry trends and anticipates emerging opportunities.

To ensure that innovation is more than just a slogan, Fortune Electric established its New Products, Technologies, and Service Models Committee. Every six months, the committee solicits innovation proposals from employees across the company. Whether focused on technology development, process improvement, or new services, promising ideas can be formally adopted as projects and supported through R&D resources and patent incentives.

Transformer technology team leader Hsu Chia-tai has actively participated in R&D projects and received the  Outstanding Young Engineer Award, demonstrating how Fortune Electric provides an innovative platform for the next generation of engineering talent to demonstrate their abilities.

Fostering Innovation and Providing a Stage for the Next Generation of Engineers

Lin emphasizes that young engineers need opportunities to showcase their abilities, while Fortune Electric in turn benefits from practical and executable ideas that can be translated into real-world results. These ideas may involve new product development, new technology applications, process improvements, service model innovation, or even potential new business directions. With the right support and execution, good ideas can be turned into products and services.

Within a culture that actively promotes innovation and rewards initiative, many young engineers have thrived. One notable example is Hsu Chia-tai, a transformer technology team leader in the R&D Center. Since joining Fortune Electric, Hsu has participated in numerous R&D projects, gaining practical experience in areas ranging from transformer design to power electronics integration. Among these experiences, her work on a project for the Ministry of Economic Affairs Energy Administration's Industrial Energy Technology Program proved highly valuable. The successful implementation of that project also played a significant role in her receiving the Liu Shu-sheng Memorial Award's Outstanding Young Engineer Award (優秀青年工程師獎).

A New Global Vision for an Established Heavy Electrical Equipment Manufacturer

While continuing to strengthen its technological capabilities in Taiwan, Fortune Electric has also demonstrated agility and insight in international markets. Lin shared an example from the United States, where some substations have received complaints from local communities due to noise. "Transformers naturally produce low-frequency noise during operation," he explained. "When substations are located close to residential, commercial, or office areas, that noise can become a source of concern for nearby residents and businesses."

Rather than viewing this challenge as merely a problem to be solved, Lin saw it as an opportunity for innovation. Through a government-funded research project, his team invested in the development of smart regulating transformer technology, making improvements across materials, structural design, and manufacturing processes. The result was a product capable of significantly reducing low-frequency noise, effectively addressing customer concerns while helping Fortune Electric establish a differentiated competitive advantage in international markets.

"The heavy electrical equipment industry is no longer the rigid, slow-moving manufacturing sector that many people imagine," Lin notes. Fortune Electric's transformation demonstrates the close connection between technological advancement and business growth. Through the company's innovation incubation system, young employees are encouraged to contribute ideas, participate in strategic projects, and help shape new technologies and solutions. At the same time, they are given opportunities to build their careers in Taiwan while engaging with global markets andbecome a key force in the global energy transition.