Billion Electric Co., Ltd., Updated: 04/07/2025

▲Mr. Pedersen Chen, Chairman of Billion Electric, delivered opening remarks at the investor conference, outlining the Group’s strategic roadmap for energy transition and its long-term vision for sustainable development.

Billion Group held its 2025 first-quarter investor conference on March 31, 2025. The event was co-hosted by Pedersen Chen, Chairman of Billion Group, Elsa Chang, General Manager of Billion Electric, and Elaine Chen, General Manager of Billion Watts Technologies. The management team provided updates on key initiatives including progress in the energy storage market, behind-the-meter (BTM) deployment strategies, and international expansion plans. Billion Group continues to build momentum with the steady advancement of its renewable energy and energy storage initiatives, signaling a resilient recovery in operational performance. In 2024, consolidated revenue reached NT$2.024 billion, maintaining double-digit year-on-year growth. Earnings per share (EPS) turned positive in Q4 2024, and revenue of the first two months of 2025 continue to grow. Gross margins in renewable energy equipment sales and system integration improved simultaneously in 2024, reflecting the synergies from Billion Group’s long-term commitment in the renewable energy sector. Furthermore, the consistent growth in contract liabilities and contract fulfillment costs reflects the Group’s sustained business expansion and increasing project pipeline.

In addition to its core focus on energy storage and solar energy, Billion Group is actively expanding into the communications sector. The Group has invested in the self-developed cloud-based monitoring system, targeting mission-critical IoT and enterprise IoT application markets. Its U.S. subsidiary, BEC Technologies, has successfully secured orders from leading North American utilities and retail chains. These deployments feature BEC’s fully self-developed 4G/5G industrial routers and the BECentral® cloud management platform, enabling modernized grid connectivity and centralized network management for point-of-sale (POS) systems. Billion’s enterprise IoT solutions stand out for their high scalability and replicability. These solutions are particularly well-suited for deployment across multi-location retail networks—an area identified as a strategic focus for the Group’s continued market expansion. By delivering high-speed, stable, and secure network connectivity, Billion Group is positioning its communications segment for sustained growth and enhanced profit margins.

In the power business segment, the Group has strategically focused on high-end, customized applications in the fields of industrial control and cybersecurity. Leveraging its strong capabilities in proprietary design and flexible manufacturing, the Group achieved a gross profit margin of 34% in 2024—an impressive increase compared to 26.8% in 2023. This significant improvement underscores the growing technological value of the Group’s products and the deepening loyalty of its customer base.

▲Elsa Chang, General Manager of Billion Electric, reported on the company's Q1 2025 operating results and strategic developments across its three core business segments.

Billion Watts Launches Global Expansion Strategy, Driving Green Energy Growth in Japan and Australia

Billion Watts, the renewable energy subsidiary of Billion Electric, has officially initiated its three-year international expansion plan following the establishment of subsidiaries in Japan and Australia in 2024. This strategic move demonstrated Billion actively develops global energy storage and power markets.

In Japan—a mature market recognized for its ongoing decarbonization efforts—Billion Watts will focus on the development of commercial and industrial energy storage systems, as well as high-voltage battery storage stations. The company plans to steadily scale up project deployment each year while deepening its participation in Virtual Power Plant (VPP) operations and the capacity market. These efforts aim to enhance grid dispatch capabilities and contribute to greater system stability.

Meanwhile, Australia’s energy transition—accelerated by the retirement of coal-fired power plants—presents a compelling growth opportunity. Billion Watts is strategically focusing on solar-plus-storage integration and electricity trading models as core development areas. By 2026, the company aims to acquire and operate multiple 5MW-class solar-plus-storage facilities across Victoria and New South Wales. Building on this foundation, Billion Watts plans to enter the development of transmission-level infrastructure and utility-scale projects by 2027, demonstrating strong momentum in its pursuit to become a leading player in the international green energy market.

▲ Elaine Chen, General Manager of Billion Watts, shared the company's overseas photovoltaic and energy storage project deployments and investment plans.

Expanding Energy Storage Footprint: Partnering with Industrial Clients to Meet Emerging Power Transition Demands

Elaine Chen, General Manager of Billion Watts, stated: "With rising electricity consumption and increasing industrial load demands—coupled with the phased decommissioning of nuclear and coal-fired power plants and the continued rollout of renewable energy policies—the long-term demand for energy storage is now well established. Billion Group has achieved substantial milestones in Taiwan's energy storage sector. In the front-of-the-meter segment, we have completed over 20 projects totaling 360.7 MWh, securing our position as the leading system integrator by number of projects. In the behind-the-meter segment, we have built 13 projects with a total capacity of 16.4 MWh, and we are actively negotiating 10 additional sites totaling 97.2 MWh—demonstrating strong interest and commitment from corporate energy users."

She further noted that Billion Watts will actively participate in local development initiatives and join forces with strategic partners to establish an integrated energy asset platform. The company is focused on advancing internationally certified equipment manufacturing and sales, with vertical integration across energy storage systems, EV charging infrastructure, and photovoltaic (PV) inverters, while enabling cross-functional deployment across applications. As one of the few energy companies with full-spectrum vertical integration, the Billion Group brings deep expertise in manufacturing, equipment sales, engineering, procurement and construction (EPC), operations and maintenance (O&M), and asset management. Leveraging a one-stop service model, Billion Group continues to optimize the renewable energy value chain, reinforcing its competitive strength in the global clean energy market.

▲ Pedersen Chen, Chairman of Billion Electric, addressed investor questions during the Q&A session of the investor conference, elaborating on the Group's future operational strategy and market outlook.

Strengthening Green Power Collaboration: Strategic Alliance Between Billion Group and Sino-American Silicon to Expand Energy Storage Value Chain

Billion Group and Sino-American Silicon continue to deepen their strategic partnership, engaging in comprehensive discussions across multiple fronts. These include behind-the-meter (BTM) energy storage system integration, collaboration on green power retail platforms, joint procurement to achieve economies of scale, and co-development of international markets. In particular, the BTM energy storage collaboration will focus on high power-demand sectors such as semiconductors, AI, and large-scale data centers—offering integrated green power and storage solutions to enhance energy resilience and support corporate carbon reduction goals.

To date, Billion Group has supported the grid connection of over 1,800 solar power stations, with a total installed capacity of 515 MWp. The Group also provides long-term (10 to 20 years) operation and maintenance services for more than 50 solar and energy storage sites across Taiwan, with assets under management exceeding NT$10 billion—highlighting its strong capabilities in energy system management. Additionally, Billion has installed 258 EV charging stations, further strengthening its position as a provider of integrated smart energy infrastructure solutions.

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