United Renewable Energy Co., Ltd. (URECO)

United Renewable Energy Co., Ltd. (A company from Taiwan where the sun shines.)(“URECO”, or “the Company”, 3576 TT), is achieving successful strategic transformation over the past year after the merger in 2018. Over the past year, URECO invested and developed new business of Energy Storage System (ESS) and Hydrogen Fuel Cell (HFC) Motorcycle. In solar business, URECO focus on own-brand module and PV system after the merger. URECO modules take up nearly 50% market share in Taiwan in 2018. URECO provide 100 MW for the largest PV power plant project in the Changhua Coastal Industrial Park. URECO designs and develops different ESS products, such as Li-i on battery module, portable ESS, residential ESS, and industrial ESS storage. URECO’s industrial ESS is the first in Taiwan to achieve UL9540. URECO successfully develops the first HFC motorcycle, a rival to 125cc fossil fuel motorcycle, and the only waste is water. HFC provide people an alternative for clean energy.