Taiwan's HDRE is preparing to float its power-trading arm Star Power, a bet that selling and trading green electricity is about to become a much bigger business — good news for its investors if the growth holds.

• Star Power plans to list on Taiwan's emerging stock board by year-end and go public next year.
• The company expects revenue to grow at a compound rate of about 78% a year through 2028.
• Growth rests on three legs: long-term green power supply contracts, power trading, and building energy storage systems for corporate clients.
• Chip makers and AI data centers already account for more than half its electricity customers, tying its fortunes to Taiwan's tech boom.
• It is expanding abroad too, running battery storage in Japan's Hokkaido and setting up a trading team in Australia.

Outlook: The listing timetable and the heavy demand for clean power from chip and AI customers make near-term growth likely, though the aggressive revenue targets depend on storage projects coming online as planned.