Billion Electric Co., Ltd. (TSE:3027, “Billion”) held its third-quarter investor conference on September 30. The Company reported consolidated revenue of NT$1.629 billion for January–August 2025, a 21.4% year-over-year increase, reaching 80% of full-year 2024 revenue. Full-year revenue is expected to surpass last year’s level and set a new record. Revenue from the energy segment has risen to 83%, making it Billion’s primary revenue source and core growth engine.

Full Ownership of Billion Watts to Integrate Resources and Strengthen the Renewable Core

Billion announced it plans to complete the 100% acquisition of Billion Watts in February 2026. Billion Watts’ operating results will be fully consolidated into Billion’s financial statements, enhancing earnings transparency, streamlining the governance structure, improving decision-making efficiency, and reducing duplicative costs. Looking ahead, Billion will continue to anchor its long-term strategy in renewable energy, leveraging the Group’s capital strength and Billion Watts’ proven capabilities in project development, execution, and operations & maintenance to further enhance shareholder value.

Dual-Track Progress in Energy Storage: Behind-the-Meter Market Taking Off

Billion has achieved a cumulative 210 MW of front-of-the-meter (FTM) energy storage, maintaining a leading position in Taiwan through multiple project deployments. Meanwhile, the behind-the-meter (BTM) market is gaining strong momentum, fueled by government incentives, widening power price gaps, and rising demand for energy resilience.

According to General Manager Elsa Chang, 2025 marks a pivotal year for Taiwan’s BTM energy storage. Supported by favorable policies and growing market needs, the sector is entering a phase of rapid expansion. Billion has completed or is building 14 projects totaling 24.41 MWh, with another 12 projects under negotiation, representing a potential capacity of 123.81 MWh.

Applications now span textile, semiconductor, printing, and photovoltaic industries, and have further extended into hotels, department stores, hypermarkets, leisure venues, and microgrids. This diversification indicates that the market is evolving beyond traditional manufacturing, expanding into lifestyle and service sectors—particularly in locations with high peak demand or zero-tolerance for power interruptions.

Partnering with SAS to Expand into High-Energy Industries and Advance Integrated Energy Solutions

Billion General Manager Elsa Chang explained that Billion has formed a joint venture, Relocate Energy Storage, with SAS Group’s subsidiary Susen Green Energy to advance a one-stop integrated project model covering smart energy management, core storage technologies, and EPC services. The partnership takes the semiconductor sector as its entry point, leveraging SAS’s extensive client network to quickly replicate proven solutions across other energy-intensive industries—driving scalable growth, stable project pipelines, and recurring revenue.

Although the behind-the-meter (BTM) market is still emerging, its potential is vast. As pilot projects mature, Billion expects to expand from single-site demonstrations to multi-site replication, driving standardization, modularization, and diversified financing models such as self-build, revenue sharing, and sale-and-leaseback. These approaches will lower adoption barriers and further scale up market capacity.

Elaine Chen, General Manager of Billion Watts, added that BTM clients span education, solar, plastics, hotels, retail, and semiconductors. The main drivers include Taipower’s financial challenges and the widening electricity price gap following rate adjustments. In addition, Taiwan’s Energy Administration is actively formulating subsidy regulations. It’s scheduled to launch a BTM subsidy program in 2026, offering over NT$1 million per MW for installations in industrial and science parks—likely spurring another wave of rapid project growth.

Steady Expansion in Overseas Solar-Storage Projects: Australia to Drive Next Growth Phase

Billion is advancing nine solar-plus-storage projects across Victoria and New South Wales, spanning construction, commissioning, and evaluation stages. Most are sub-5MW sites, allowing faster approvals and grid connections, with a total capacity of 48.52 MWp solar and 99 MWh storage. The Victoria 5.8 MWp / 11 MWh solar pilot site has begun construction and is expected to go online by Q2 2026, generating returns from spot trading, green power sales, ancillary services, and renewable certificates. Additional projects under development total 16.61 MWp solar and 33 MWh storage, while those under assessment reach 26.12 MWp solar and 55 MWh storage.

According to Elaine Chen, General Manager of Billion Watts, the Australian market has advantages such as fast approvals, short construction periods, flexible financing without the need for joint guarantees, and quick grid connection timelines, which help shorten the project development cycle. Currently, cooperation models have been established with Taiwanese investors, local EPCs, and acquisition parties to accelerate project implementation and revenue realization.

Billion General Manager Elsa Chang added, “Billion Group will leverage successful projects in Taiwan as a blueprint to export our technology and business models, steadily expanding overseas markets. Through our one-stop energy solutions, we aim to help enterprises realize energy assetization and create long-term value for our shareholders.”

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