SEETEL

What SEETEL does

SEETEL New Energy Co., Ltd. (熙特爾新能源) is a Taipei-headquartered, vertically integrated battery energy storage system (BESS) provider founded in 2017 by Lin Sheng-Tse. The company covers the full stack from cell-level battery modules (manufactured at Aurosi Precision's 3 GWh annual-capacity facility inside Taichung Port Free Trade Zone) through standardized storage cabinets (AUROSI CXS 5MWB and CX-261), turnkey grid-scale EPC delivery, the proprietary GridLink OS Energy Management System (EMS) platform with 535 MW of signed capacity, a self-developed Battery Management System (BMS) with AI-driven capacity estimation, and 10-15 year Operations & Maintenance contracts covering 625+ MWh. Recent additions include mobile fast-charging units (270 kWh and 540 kWh, co-developed with Volvo Penta) and a quantum-secured BESS platform integrating Quantum eMotion's QRNG cybersecurity for defense and AI data center customers.

The company pursues a four-stream revenue architecture: (1) hardware sales of battery modules and cabinets — currently the largest revenue driver, with cumulative shipments exceeding 1 GWh; (2) one-time EPC project revenue booked progressively against construction milestones, including 225 MW of signed installation capacity anchored by two 100 MW Kaohsiung E-dReg projects worth approximately NT$9 billion (~US$280 million) for H1 2026 completion; (3) recurring EMS platform management fees tied to MW capacity; and (4) long-duration O&M service contracts that lock in stable cash flow and create switching costs. Pricing is project-specific and confidential across all B2B streams; gross margin reached approximately 63% in Q1 2025 on battery module and EMS revenue, with SinoPac Investment Service projecting full-year 2025 margin of 13.4% as lower-margin large-scale EPC projects become the dominant revenue base.

SEETEL listed on Taiwan's Innovation Board (ticker 7740) in June 2025 at NT$149.5/share (opening at NT$226, +51%) and sells primarily to Taiwan Power Company (Taipower) for dReg and E-dReg ancillary services, large industrial electricity consumers for behind-the-meter peak shaving (case study: NT$36 million / year in electricity cost savings on a 10 MWh installation), and is expanding internationally via exclusive distribution with Energy Plug/Malahat Battery Technologies into Canada (1 GWh annual allocation), a wholly-owned GK subsidiary ENSO NEW ENERGY in Japan (JC-STAR pre-mandate), the Volvo Penta Asia-Pacific dealer network for mobile charging, and a strategic alliance with Aegis Critical Energy Defence for US and NATO-aligned defense procurement. Headcount scaled from a 3-person founding team to approximately 200 employees by 2025.

Name

SEETEL

Legal name

SEETEL NEW ENERGY Co., LTD.

Website

https://seetel-energy.com

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

SEETEL New Energy is a Taiwan-based vertically integrated battery energy storage provider offering battery modules, AI-driven GridLink EMS software, turnkey EPC delivery, and long-term O&M services to utilities, defense, AI data centers, and industrial customers across Taiwan, Canada, Japan, and Southeast Asia.

Ownership category

akta.pro rank

Product category

Battery Energy Storage Systems

NAICS

Battery Manufacturing (335910), Other Measuring and Controlling Device Manufacturing (334519)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

BESS OEMs (Containerized Systems, Racks, Turnkey Solutions) (EUAFAAAC)

akta.pro secondary industries

Utility-Scale BESS EPC & Integration (EUAEAEAA), Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB), Energy Storage Software & Controls (EMS, monitoring, optimization, cybersecurity) (IMAGAHAJ)

Keywords

• Battery energy storage systems
• Energy management software
• Grid-scale BESS solutions
• Mobile EV charging systems
• Battery module manufacturing

Headquarters

HQ city

Taipei

HQ country

Taiwan

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Battery Module Manufacturing & Sales: Revenue from manufacturing and selling Aurosi Precision battery modules and cabinets to domestic and international customers. Manufactured at the Taichung factory (3 GWh annual capacity). Battery shipments exceeded 1 GWh cumulatively with 2025 shipments targeting over 1 GWh. Major customers include Taipower (Taiwan), Energy Plug (Canada), and Volvo Penta-based product buyers. This is currently the largest revenue driver.
2. EMS Platform Management Services: GridLink OS EMS platform generates recurring revenue through signed contracts (535 MW capacity). Customers pay for access to AI-driven energy management, real-time monitoring, and grid participation services. Platform enables access to Taiwan Power Company ancillary services markets (dReg, E-dReg). Long-term revenue visibility through O&M integration.
3. EPC (Engineering, Procurement & Construction): One-time project revenue from turnkey BESS site development including design, construction, fire safety certification, on-site acceptance testing, and grid connection. EPC-signed installation capacity of 225 MW. Revenue recognized progressively per construction milestones. Two large E-dReg projects in Kaohsiung (200 MW total, ~NT$9 billion project value) are major near-term revenue drivers.
4. O&M (Operations & Maintenance) Services: Long-term O&M contracts for BESS sites (10-15 year terms), covering 625+ MWh of contracted capacity. Generates stable recurring cash flows throughout the asset lifecycle. Reduces operational risk for customers and ensures system stability, deepening customer lock-in.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

SEETEL designs, manufactures, and integrates battery energy storage systems (BESS) for utility-scale, commercial-industrial, defense, and mobile applications. It produces Made-in-Taiwan Aurosi battery modules and cabinets (3 GWh annual capacity) at its Taichung facility, supplies its proprietary GridLink AI-driven Energy Management System (EMS), and delivers turnkey EPC, long-term O&M, and mobile charging products (270 kWh / 540 kWh) co-branded with Volvo Penta. The company's solutions support frequency regulation (dReg/E-dReg), peak shaving, virtual power plant aggregation, and quantum-secured power for AI data centers and defense infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• GridLink: Self-developed Energy Management System (EMS) platform integrating real-time data, strategic dispatch, AI model control, BIM technology, and cloud-based multi-site integration for virtual power plant applications.
• AUROSI
• Mobile Charger Series

Products and services

• Mobile Charger 540 kWh Industrial-grade mobile energy storage with integrated Volvo Penta liquid-cooled battery subsystems and CCS2 fast-charging capability, for construction, mining, logistics fleets, and off-grid EV charging customers.
• Mobile Charger 270 kWh Compact mobile energy storage and fast charger co-developed with Volvo Penta, designed for electric vehicles, small construction vehicles, and electric logistics fleets.
• MBT-SEETEL 261 kWh Quantum-Secured BESS (CX-261) 261-kWh AC plug-and-play BESS integrating Quantum Random Number Generator (QRNG) cybersecurity, designed for Arctic and high-resilience environments for utility, defense, and data center customers in Canada and the Americas.
• AUROSI CXS-5MWB (5 MWh Liquid-Cooled Storage Cabinet) Standardized 5 MWh liquid-cooled storage cabinet for utility-scale and behind-the-meter grid storage deployments, manufactured in Taiwan.
• GridLink OS Energy Management System (EMS) Self-developed AI-driven energy management platform providing real-time monitoring, dispatch optimization, frequency regulation, predictive maintenance, BIM integration, and cross-site Virtual Power Plant aggregation for BESS owners and operators.
• Aurosi Precision Battery Modules and Cabinets Made-in-Taiwan lithium battery modules and integrated cabinets manufactured by subsidiary Aurosi Precision using automated laser welding and quality inspection, sold to BESS integrators and channel partners globally.
• Quantum-Secured BESS Platform BESS platform with embedded QRNG-based quantum cybersecurity, designed for defense, AI data center, utility, and remote microgrid customers in North America and globally.
• BESS EPC (Engineering, Procurement & Construction) Services Turnkey EPC delivery of grid-scale BESS sites, including design, construction, fire safety certification, on-site acceptance testing, and grid connection, for utility and large industrial customers.
• BESS O&M (Operations & Maintenance) Services Long-term (10-15 year) operations and maintenance contracts for BESS sites, covering monitoring, predictive maintenance, and performance guarantees for asset owners.

Quantifiable outcome

• Q1 2025 gross margin of ~63% driven by battery module and EMS services
• +5 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability5 records

Feature7 records

Partnerships

Eight partnerships are on record, tiered core, supporting and strategic.

• Aegis Critical Energy Defence Corp.coreStrategic or Co-development Partner · 12 May 2026Strategic partnership to co-develop and deploy quantum-secured BESS platforms for defense, AI data centers, and utility markets. SEETEL provides hardware manufacturing and integration; Aegis contributes advanced EMS and microgrid integration expertise for harsh-environment and mission-critical applications; Quantum eMotion provides QRNG cybersecurity. Targeting US government procurement and NATO-aligned infrastructure. Initial US orders secured; expansion planned for Canada.
• Quantum eMotion Corp. (QNC)coreTechnology or Integration · 12 May 2026Integration of Quantum eMotion's patented Quantum Random Number Generator (QRNG) technology into SEETEL's BESS physical architecture to protect against 'Harvest Now, Decrypt Later' cyberattacks. QNC's NYSE-listed quantum encryption technology embedded directly into SEETEL hardware across Taiwan production facilities. Partnership targets defense, AI data center, and critical infrastructure markets in North America.
• Ontario Tech UniversitysupportingStrategic or Co-development Partner · 17 February 2026MOU with Aegis Critical Energy Defence and Malahat Energy Systems for hybrid Small Modular Reactor (SMR) and Battery Energy Storage System research. Advances nuclear-storage hybrid energy research. Part of Aegis's broader ecosystem strategy that includes SEETEL as battery module supplier.
• Malahat Energy SystemssupportingStrategic or Co-development Partner · 17 February 2026MOU with Aegis Critical Energy Defence and Ontario Tech University for hybrid SMR/BESS research. Indigenous-led clean energy company working on modular reactor and storage hybrid systems. SEETEL participates as battery module supplier within this ecosystem.
• Energy Plug Technologies Corp.coreChannel Partner/ Reseller/ Distributor · 8 July 2025Exclusive Canadian distribution rights for SEETEL products under co-brand 'MBT-SEETEL' (via Malahat Battery Technologies JV, 51% Indigenous-owned). 1 GWh annually allocated for Canadian markets. Expansion into US, Mexico, and Latin America. SEETEL supplies battery modules and BESS; Energy Plug handles commercialization and distribution through its Indigenous partnership model. Targets data centers, defense, and utility grid customers.
• Malahat Battery Technologies Corp. (MBT)coreChannel Partner/ Reseller/ Distributor · 8 July 2025Joint venture majority-owned (51%) by Malahat First Nation and 49% by Energy Plug. Key channel partner for distributing SEETEL products in Canada under MBT-SEETEL co-brand. Represents Indigenous economic empowerment and energy sovereignty in Canadian energy infrastructure. Headquartered in Malahat, British Columbia.
• Schneider ElectricstrategicTechnology or Integration · 8 July 2025Technology integration partnership. SEETEL's energy storage systems integrate with Schneider Electric's EcoStruxure platform, Modicon controllers, PowerLogic meters, and SCADA systems. Schneider Electric technology enhances SEETEL's system reliability and interoperability for global deployments.
• Volvo Penta (Volvo Group)coreStrategic or Co-development Partner · 19 June 2025Strategic MOU to co-develop integrated mobile fast-charging units (270kWh and 540kWh) combining Volvo Penta's liquid-cooled high-performance battery subsystems with SEETEL's EMS platform. Co-branded 'Powered by VOLVO PENTA'. Products distributed through Volvo Penta's Asia-Pacific dealer network (Taiwan, South Korea, Southeast Asia). 2025 prototype, 2026 mass production. Targets industrial EVs, construction sites, mining, and off-grid applications.

Scale indicators14 records

Recent moves11 records

Expansion highlights10 records

Broad incumbents

• BYD Energy Storage: Vertically integrated BESS provider covering cells (LFP), modules, containerized systems, and grid services software. Directly comparable to SEETEL's Aurosi-to-GridLink vertical stack, with deeper cell-level cost advantage and a much larger global deployment base.
• Sungrow Power Supply: China-headquartered incumbent supplying BESS, PV inverters, and energy management systems globally. Competes on utility-scale turnkey BESS and EMS — overlapping with SEETEL's product stack — but with much broader portfolio scale and a stronger global sales footprint.
• CATL (Contemporary Amperex Technology): World's largest battery cell manufacturer with growing BESS system integration (EnerC, Tener). Competes in upstream battery cells and downstream containerized BESS solutions; a key threat to SEETEL's Aurosi module business on cell cost and to its system business on scale.
• Tesla Energy: Largest single BESS OEM globally via Megapack; also holds JC-STAR certification like SEETEL. Competes in utility-scale and C&I segments; while a broader incumbent, the Megapack product line and Autobidder/Opticaster software directly overlap with SEETEL's hardware + GridLink EMS offering.
• Saft (TotalEnergies): France-based industrial battery and BESS provider (Flexion, Intensium Max) serving utilities, C&I, and mission-critical applications including defense. Comparable to SEETEL on integrated BESS + service offering and on the defense/critical infrastructure target segment where cybersecurity is a differentiator.

Direct peers

• Kokam: South Korea-based BESS integrator (now part of LS Electric) with cell-to-system capability and grid services focus. Comparable mid-scale BESS player serving utility, C&I, and defense applications in APAC — overlapping with SEETEL's Korea/Japan expansion ambitions and customer profiles.
• Powin Energy: US-based BESS integrator (Stack, Centipede) serving utility-scale and C&I markets with proprietary battery management and EMS software. Comparable to SEETEL on integrated BESS + software offering and grid services focus, though with a North American-led footprint and similar mid-scale positioning.
• Fluence Energy: Global pure-play BESS OEM and turnkey integrator (Gridstack, Cube) serving utilities, C&I, and developers. Most directly comparable to SEETEL on business model (hardware + software platform + services) and target customers (utilities, IPPs, C&I), though at materially larger scale.
• Wärtsilä Energy Storage: Finland-based GridSolv BESS product line serving utilities, grid operators, and developers with hardware + GEMS energy management platform + lifecycle services. Closely aligned with SEETEL's vertical integration model (cells/modules to software to O&M) and target customers in grid frequency regulation and C&I.

Regional players

• Delta Electronics: Taiwan-headquartered power and thermal management giant with growing BESS and energy management product lines. A natural Taiwanese competitor in the same geography with deep ties to local EPCs and grid operators, and similar capabilities in power conversion, controls, and EMS.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@Seetel_New_Energy/videos
• Facebookfacebook.com/seetel.new.energy
• LinkedInlinkedin.com/company/seetel-new-energy-co-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SEETEL