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Delta Electronics helps customers use electricity more efficiently across data centers, factories, transportation systems, commercial buildings, and telecommunications networks.
As artificial intelligence, electric vehicles, automation, and digital infrastructure increase electricity demand, efficiency is becoming more important to companies, governments, and consumers. Delta’s power management, thermal management, automation, and energy-management technologies help customers reduce wasted energy, lower operating costs, and improve infrastructure reliability.
Taiwan-based Delta has built its business around a practical form of sustainability. Its products often work behind the scenes, addressing a major infrastructure challenge, using more electricity while wasting less.
Born With a Clear Vision
Since its founding in 1971, Delta has been guided by a clear mission: to provide innovative, clean, and energy-efficient solutions for a better tomorrow.1 Delta began as a power electronics company and expanded into data centers, industrial automation, electric vehicle charging, smart buildings, and telecommunications infrastructure.
We believe that evolution made Delta increasingly relevant as electricity demand rises. Customers are not buying its products only to meet sustainability goals. In our view, they are buying them because efficient power, cooling, automation, and energy-management systems can lower costs, improve performance, and make infrastructure more reliable.
Delta’s high-efficiency products shipped from 2010 to 2023 saved customers an estimated 46 billion kWh of electricity and reduced carbon emissions by nearly 24 million metric tons of CO₂e.2 We believe these savings show why Delta’s mission can also be a commercial advantage.
The Efficiency Template
Using less energy lowers costs.
That message resonates across several end markets. Data centers need advanced power and cooling systems to support AI workloads. Manufacturers need automation technologies that improve productivity while lowering energy use. Building owners need smarter systems to reduce electricity consumption. Transportation networks need efficient electrification infrastructure.
Demand for these solutions has contributed directly to Delta’s financial growth. From 2014 to 2024, Delta’s revenue increased from approximately $6 billion to $13 billion, more than doubling.3 We believe this growth reflects rising demand for technologies that make power use cleaner, more efficient, and more reliable.
Efficiency in Action
AI infrastructure provides a clear example. As data centers become more power intensive, operators are investing in better power conversion and cooling. At NVIDIA GTC 2025, Delta introduced power and liquid cooling solutions designed to help NVIDIA-enabled AI and high-performance computing data centers manage rising power density, improve energy efficiency, and support reliable performance. The solutions included Power Capacitance Shelves, high-voltage direct current server power systems, and 1.5MW liquid-to-liquid coolant distribution units.4
In India, Delta’s work with urban transit shows how efficiency can also support reliability and safety. In February 2026, Kolkata Metro inaugurated a 6.4 MWh/4 MW Battery Energy Storage System at the Central Sub-station of its Blue Line. Implemented by Delta Electronics India, the project made Kolkata Metro the first underground metro railway in India to install a large-scale battery storage system.
The system responds immediately if the grid fails, giving trains enough power to reach the nearest station rather than stopping in a tunnel. On normal operating days, it helps manage peak demand and improve energy efficiency. Delta built the core components in house, including the Power Conversion System, Energy Management System, and Battery Racks.5
Delta’s own facilities provide another proof point. Its Americas headquarters has achieved energy savings of up to 94 percent compared with conventional office buildings, while facilities in Beijing and India have reduced energy consumption by as much as 73 percent and 76 percent, respectively.6
Beyond Commercial Solutions
Delta’s sustainability commitment also extends beyond its commercial operations. In 1990, founder Bruce Cheng established the Delta Electronics Foundation in recognition of the role society had played in Delta’s growth. The foundation initially sponsored academic research to nurture scientific and technological talent. As climate change became more pressing, it shifted toward climate work.7
Today, the foundation channels resources into energy and climate, green building and transport, biodiversity, and green-collar talent cultivation. One example is the Namasia Mincyuan Elementary School Affiliated Kindergarten in Kaohsiung. Donated and constructed by the foundation, it became the first educational facility in Taiwan to receive the Levels 1+ Low-Carbon Building Label. Its total carbon emissions were assessed at 273,139 kgCO₂e, a 38.67 percent reduction compared with the baseline.8
Difference Maker
Delta shows how business results and environmental results can reinforce one another. More AI infrastructure increases demand for efficient power and cooling. More electrification increases demand for charging infrastructure, battery storage, and grid-related technologies. More industrial automation increases demand for efficient controls, drives, and energy-management systems.
These trends have expanded Delta’s addressable market while strengthening its relevance to customers. The company’s 10-year revenue increase shows how demand for sustainable and efficient energy solutions has become a meaningful driver of growth. Delta has also continued to reinvest in innovation, spending nearly $1.4 billion on research and development in 2024.9
For long-term investors, Delta illustrates how sustainability and durable growth can become connected. Its brand promise, Smarter. Greener. Together, captures the connection between what Delta sells, how it grows, and the contribution it can make.
Sustainable Development Goals
The Sands Capital six investment criteria tend to lead us to businesses that are innovators or vital facilitators of change in industries undergoing significant transformation. Delta Electronics is one of many portfolio businesses that create impact by addressing at least one major social or environmental challenge identified by the United Nations Sustainable Development Goals.
Delta’s products and technologies align with several United Nations Sustainable Development Goals, particularly SDG 7, affordable and clean energy, SDG 9, industry, innovation, and infrastructure, SDG 11, sustainable cities and communities, and SDG 13, climate action. Through education and community initiatives, including the Delta Electronics Foundation, the company also supports SDG 4, quality education.10
1. https://www.deltaww.com/en-US/company/about-delta
2. 2023 Delta Electronics ESG Report
3. https://filecenter.deltaww.com/IR/download/annual_report/2024annual.pdf
4. https://www.delta-americas.com/en-us/news/delta-unveils-next-generation-power-and-cooling-solutions-for-ai-data-centers-at-nvidia-gtc-2025
5. Delta Electronics India, Kolkata Metro Battery Energy Storage System project announcement, 2026.
6. https://brandnews.deltaww.com/en/SpecialDetail/12462
7. https://foundation.deltaww.com/en
8. https://www.deltaww.com/en-US/press/35296
9. https://filecenter.deltaww.com/IR/download/annual_report/2024annual.pdf
10. https://sdgs.un.org/goals
Disclosures:
The business profiled was selected based on its reported alignment with one or more U.N. Sustainable Development Goals.
The views expressed are the opinion of Sands Capital and are not intended as a forecast, a guarantee of future results, investment recommendations, or an offer to buy or sell any securities. The views were current as of the date indicated and are subject to change. This material may contain forward-looking statements, which are subject to uncertainty and contingencies outside of Sands Capital’s control. No reliance should be placed on these forward-looking statements. There is no guarantee that owning securities of companies meeting Sands Capital’s criteria will cause outperformance compared to a benchmark or index. All investments are subject to market risk, including the possible loss of principal. Tariffs and other policy actions may add to this risk, creating additional uncertainty and potentially affecting the value of certain investments. Tariffs can impact various sectors differently, leading to changes in market dynamics and investment performance. There is no guarantee that Sands Capital will meet its stated goals. Past performance is not indicative of future results. A company’s fundamentals or earnings growth is no guarantee that its share price will increase.
As of June 16, 2026, Delta Electronics was held in certain Sands Capital strategies.
The specific securities identified and described do not represent all securities purchased, sold, or recommended for advisory clients, and there is no assurance any security will continue to be owned. You should not assume any investment will be profitable.
As part of our ongoing research, Sands Capital regularly engages with the management teams and, if appropriate, board members of portfolio businesses to better understand each business’s long-term strategic vision and management of risks and opportunities, including those pertaining to environmental, social, and governance (ESG) matters. The use of the term “active ownership” and Sands Capital’s engagement with management teams and board members do not involve any direct or indirect attempt to exert pressure to implement specific measures, change policies, or otherwise influence control over the issuer.