Xitel New Energy approves listing transfer, capital raise to tap AI data center energy
Taiwanese energy-storage company Xitel New Energy (熙特爾新能源) held an extraordinary shareholders' meeting on Oct. 8, approving a cash capital increase tied to its application to move its listing to the main board, and elected a new director: Gambo Long, Asia-Pacific vice president and Taiwan general manager at Astera Labs. The company said the move targets AI data center energy demand and that it is developing backup battery units (BBU), high-voltage battery systems and smart energy management for data centers shifting toward higher power density and 800V high-voltage DC supply. General manager Chen Po-hsun said Taiwan's AI server manufacturing, system integration and power supply chain support next-generation data center power infrastructure.