Taiwan Energy Stocks Investment Map: 10 Selected Targets Under the 2026 AI Power Revolution

The investment environment for Taiwan’s energy stocks in 2026 has been thoroughly transformed. In the past, the narrative around new energy was centered on capacity competition and price wars, but now the focus has shifted to technological iteration, AI energy consumption, and grid smartening. As global data centers experience explosive demand for electricity, Taiwan’s energy stocks are becoming the most noteworthy structural growth opportunity in the market. This article highlights recommended energy stocks in Taiwan and the U.S. to help investors seize this turning point.

Why 2026 Is a Structural Opportunity for Taiwan’s Energy Stocks

Traditional new energy investments rely on “policy subsidies + economies of scale,” with electric vehicle and solar cell companies profiting from government support and capacity expansion. But this logic is now outdated. The new logic for 2026 is “AI-driven electricity demand.”

Training AI models and operating data centers consume staggering amounts of power. According to the latest forecasts from IEA and Goldman Sachs, global data center electricity use will surge from 460 TWh in 2022 to about 1,050 TWh in 2026, with AI-related growth accounting for over half of this increase. Power consumption for a single large AI model training can reach thousands of MWh—equivalent to the annual electricity use of tens of thousands of households.

Traditional wind and solar power generation face intermittency issues and cannot meet the 24/7 stable power supply requirements of AI data centers. This directly boosts investment demand for nuclear power, grid upgrades, and stable power sources. For Taiwanese investors, companies manufacturing grid equipment, power electronics solutions, and green energy infrastructure will command the highest premiums.

Data Center Power Shortages: A New Growth Engine for Taiwan’s Energy Stocks

The following data clearly shows that AI’s rigid demand for electricity is a market reality:

Comparison of Power Use: Traditional Data Centers vs. AI Data Centers/Clusters

(Source: IEA, Goldman Sachs, Deloitte 2025-2026 reports)

This table reveals an investment opportunity: “Easy to generate power, difficult to transmit” is now the biggest bottleneck. The aging global power grid, with long lead times of 2-3 years for high-voltage transformers and switchgear, remains strained. Major international firms like Hitachi Energy have invested billions to expand capacity but supply shortages are expected to persist until at least 2027.

Forecasts indicate that data centers will account for over 8% of total U.S. electricity consumption in 2026, up from 4% in 2023. This will directly boost the revenue growth rate of power companies from around 1% to 4-6%. The core logic for investing in Taiwan’s energy stocks is thus: high gross margins, long order visibility for grid equipment manufacturers, and power-related companies with ample grid connection capacity are the real “selling shovels” opportunities.

Recommended Taiwan Energy Stocks: Three Major Tracks—Power Electronics, Grid Upgrades, Green Energy

1. Delta Electronics (2308) – Leader in Power Electronics

Delta is a global leader in power electronics and data center power supply solutions, offering UPS uninterruptible power supplies, inverters, and smart grid solutions. The surge in orders for AI servers with high power density is expected to continue into 2026, sustaining Delta’s growth momentum.

Among the top 20 automakers worldwide, 75% are Delta’s clients. As EV penetration increases and certification barriers protect the industry, Delta’s automotive electronics revenue is poised for significant growth, creating a dual-engine driven by power electronics and automotive electronics.

2. Walsin Lihwa (1519) – Key Player in Grid Upgrades

Walsin is a long-term partner of Taiwan Power Company (Taipower), supplying transformers and other core products. In 2022, Taipower announced a “Strengthening Grid Resilience” plan with a total investment of NT$5.645 trillion to upgrade the national grid’s ability to respond to emergencies. Walsin will directly benefit from this large-scale grid upgrade, with clear order visibility.

Additionally, Walsin leads the domestic EV charging station industry, with nearly 20% market share. As EV adoption continues, demand for charging infrastructure grows. With the U.S. government actively bringing manufacturing back home and Southeast Asian economies booming, demand for power equipment from these markets is expected to increase, further solidifying Walsin’s manufacturing base.

3. United Renewable Energy (3576) – Solar Transition Play

United Renewable Energy is a leading domestic solar cell manufacturer. After capacity optimization in 2025, its gross margin has recovered. In 2026, benefiting from anti-dumping tariffs in Europe and the U.S. and upgrading to PERC to TOPCon technology, overseas module shipments are expected to grow over 15%.

The company’s vertical integration provides strong advantages. With global solar demand recovering steadily (IEA forecasts over 500 GW of new capacity in 2026), long-term EPS growth remains stable, making it a classic green energy stock.

4. Sunwoda (4733) – Wind Power Material Expert

Sunwoda specializes in wind turbine blade materials, with high market share in epoxy resins and carbon fiber composites. The third phase of offshore wind projects in Taiwan and development in Asia-Pacific (Vietnam, Japan, etc.) will accelerate, with backlog exceeding NT$10 billion. Revenue growth is expected to reach 18%.

As a preferred baseload renewable energy source, wind power offers stable long-term demand, making it one of the most stable growth stocks in traditional new energy investments—suitable as a defensive component in a portfolio.

5. Yuanjing (6443) – Leader in High-Efficiency Solar Modules

Yuanjing is a major solar module manufacturer focusing on high-efficiency heterojunction (HJT) and TOPCon products. After the U.S. and Europe’s anti-subsidy investigations in 2026, Taiwanese firms’ market share will further increase. Yuanjing’s overseas orders are highly visible, with revenue expected to grow 12-15% annually. The company’s cost control and stable dividend policy make it suitable for investors seeking steady returns, with defensive qualities in the long-term green energy trend.

U.S. Energy Stocks Recommendations: Global Power Layout in the AI Era

Below are five U.S. stocks aligned with the theme of AI-driven power demand, with growth prospects more certain than traditional EV or solar stocks, featuring technological barriers and long-term value.

Constellation Energy (CEG) – Nuclear Power Operator Leader

The largest nuclear operator in the U.S., with about 20% of the nation’s nuclear capacity. In 2025, it signed a 20-year restart agreement for Three Mile Island with Microsoft, and in 2026, data center-related projects are expected to expand significantly. The company has stable cash flow, attractive dividends, and an EPS growth forecast of 15-20% annually—combining defensiveness with AI-based baseload growth, making it a core component of a new energy portfolio.

Oklo – Microreactor Pioneer

Oklo is a pioneer in microreactor technology, supported by OpenAI CEO Sam Altman, focusing on deployment near data centers. It has made significant progress in obtaining NRC approval in 2026, ahead of competitors, with potential clients like Amazon and Equinix in negotiations. Its fast-fission technology offers low costs and rapid deployment, with explosive potential in the AI power shortage era. Revenue is expected to start in 2026, with valuation likely to re-rate quickly.

Eaton (ETN) – Leader in Grid Smartening

Eaton is a global leader in grid automation and power management, offering transformers, switchgear, and smart grid solutions. The high power density of AI data centers has pushed transformer demand, with lead times extending to 24 months. Eaton’s orders surged in 2025, and its grid business is projected to grow over 25% in 2026. With high gross margins and institutional ownership, Eaton is a key “shovel seller” for solving grid bottlenecks.

GE Vernova (GEV) – GE’s Spin-off in Power and Grid

GE Vernova covers high-voltage transformers, HVDC transmission, and wind power equipment. It will benefit from global grid upgrade investments (estimated at $68 billion annually in 2026). The direct demand from AI clusters for transmission and distribution equipment will drive order growth. Backed by GE’s brand strength, backlog is at record highs, with revenue growth forecast at 15-18% in 2026 and reasonable valuation.

NextEra Energy (NEE) – Largest Global Renewable Energy Company

NextEra Energy leads in wind and solar capacity worldwide. In 2026, offshore wind and solar projects will expand, along with investments in energy storage and green data center power supply. The company’s dividends are stable (with annual growth over 10%), and in the long-term trend of global net-zero transition, EPS is expected to grow 8-10% annually—making it a defensive core in traditional green energy, balancing the volatility of AI power stocks.

Investment Strategy for Taiwan’s Energy Stocks: Disciplined Approach Amid Volatility

Risks in the new energy sector include technological failure, supply chain bottlenecks, or regulatory changes, but long-term returns can be substantial, often delivering excess alpha. Investing in Taiwan’s energy stocks requires patience and discipline.

Recommended Portfolio Structure:

• AI-driven power stocks 50-60%: High growth and volatility, mainly Delta, Walsin, and U.S. stocks like CEG, Oklo, Eaton.
• Traditional green energy stocks 30-40%: For stability and defense, including United Renewable Energy, Sunwoda, Yuanjing.
• Cash or bonds 10%: As a buffer for volatility and opportunistic buying.

Practical Tips:

1. Use short-term dips in a long-term upward trend as buying opportunities. The sector is volatile; chasing highs often costs more, but every dip is a long-term bull start.

2. Monitor leading indicators: Tech giants’ AI capital expenditure (visible in earnings reports), grid investment scale, order backlogs, and technological progress. Investment is about order certainty and rigid demand, not hype.

3. Regularly review portfolio allocation: When AI power stocks surge, increase the proportion of traditional green energy stocks to rebalance; when technical risks emerge, adjust positions early.

The renewable cycle is long, and bear markets are often accompanied by policy cold spells, but each trough lays the foundation for long-term bulls. Against the backdrop of AI era and global net-zero transition, 2026–2030 will be the most promising structural window for Taiwan’s energy stocks.