▲ With energy storage at its core, Billion Electric is extending from front-of-the-meter deployment into energy dispatch and asset management services, deepening customer-side energy applications in Taiwan, expanding its solar-plus-storage footprint in Australia, and advancing into Japan’s high-value-added energy market to build an Asia-Pacific energy services platform.

Billion Electric Co., Ltd. (TSE: 3027) has built extensive experience in front-of-the-meter energy storage deployment and solar engineering services in recent years, accumulating capabilities in project development, engineering management, system integration, and operations and maintenance. To date, the Group has completed more than 360 MWh of front-of-the-meter energy storage system deployment in Taiwan and manages nearly 800 MWh of energy storage assets under O&M services, demonstrating its proven capabilities in integrated energy services.

As Taiwan’s front-of-the-meter energy storage market becomes increasingly mature and competitive, market demand has encountered its most significant headwinds since the sector first opened. This market transition has been a major factor behind Billion Electric’s year-on-year revenue decline in the first four months of 2026. In response, Chairman Pedersen Chen is leading the Group’s transformation strategy, centered on customer-driven energy applications, overseas market expansion, and high-value-added product solutions.

With Taiwan, Australia, and Japan serving as the three key markets for this transition, Billion Electric is evolving from a Taiwan-based front-of-the-meter energy project developer into an integrated energy dispatch service provider with a balanced focus on customer applications, high-value product solutions, and regional market development across Asia-Pacific.

Billion Electric also announced today that its revenue for May 2026 reached NT$148.745 million, representing a 64% increase from NT$90.290 million in April. Cumulative revenue for the first five months of 2026 reached NT$591.318 million. The Company noted that revenue recognition for energy projects is closely tied to construction progress, equipment delivery, and customer acceptance schedules. During the transition period, monthly revenue may continue to show short-term fluctuations.

Going forward, the Group aims to strengthen the stability of its revenue structure and regain long-term growth momentum through integrated solar, energy storage, EV charging, and energy management applications, high-value-added product shipments, O&M service expansion, and the advancement of overseas energy projects.

Chairman Pedersen Chen stated that the rapid growth of electricity demand driven by the AI wave, together with the rising penetration of renewable energy, has made energy dispatch structures centered on energy storage systems increasingly critical to grid stability and customer-side energy management. Billion Electric will continue to build on its core capabilities in energy storage, dispatch, and management, deepen customer-oriented energy applications in Taiwan, and accelerate its expansion in Australia and Japan as it advances toward becoming a regional energy dispatch services platform.

Deepening Customer-Side Energy Applications in Taiwan

Taiwan remains the Group’s most important home market. As corporate electricity consumption patterns continue to evolve, peak load management, self-consumption, and EV charging demand are becoming increasingly important operational priorities. Energy management is shifting from simple electricity monitoring toward comprehensive optimization.

Billion Electric will continue to strengthen its integrated services across solar power, energy storage, EV charging, and energy management. Its application scenarios are expanding from large-scale front-of-the-meter projects to customer-side markets, including factories, commercial buildings, and EV charging stations.

Recently, Billion EVC has been preparing to complete VPC certification for its 480 kW DC fast charger. Through its investment in Fly Elephant Information Co., Ltd., the Group is also deepening its integration with EV charging operations management platforms. In addition, NoonSpare Energy Technology has launched the Fusio Nex energy storage system, further completing the Group’s customer-side energy storage application portfolio.

Sam Chen, Co-President of Billion Watts, stated that the Group will continue integrating its internal resources to help corporate customers reduce electricity costs and enhance energy autonomy. Through energy management platforms and O&M services, the Group also aims to increase the proportion of recurring revenue in its overall business structure.

Expanding Australia’s Front-of-the-Meter Market Through a Taiwan Team Approach to Target Sub-5 MW Solar-Plus-Storage Opportunities

Australia has become one of the Group’s key overseas growth markets. With a mature electricity trading framework and high renewable energy penetration, the market offers strong potential for solar-plus-storage development. In particular, the sub-5 MW segment provides advantages such as shorter development timelines, higher capital efficiency, and more manageable project risks.

The Group has established a portfolio of four demonstration projects in Victoria, one of which has commenced construction, while the remaining three are scheduled to begin between the second and third quarters of 2026. In New South Wales, the Group has also developed a portfolio of 10 solar-plus-storage projects, representing a total capacity of 58.41 MWp of PV capacity and 244 MWh of energy storage capacity.

Elaine Chen, Co-President of Billion Watts, stated that the Group will leverage its front-of-the-meter energy storage deployment experience in Taiwan and work with strategic partners to form a “Taiwan Team” for joint market development. This approach is designed to establish a replicable and scalable overseas development platform for future growth.

Advancing into Japan with Energy Resilience and High-Value-Added Solutions

Japan is an important market for the Group’s development of high-value-added energy products. As enterprises place greater emphasis on supply chain security and operational resilience, energy has become a key factor in business continuity.

The Fusio Nex energy storage system has passed Kyushu Electric Power’s grid connection technical review, giving the system the technical foundation required to enter Japan’s power grid. This milestone also lays the groundwork for future participation in virtual power plant applications and other advanced energy management scenarios.

Looking ahead, Billion Electric will continue to deepen customer-side solar, energy storage, EV charging, and energy management applications in Taiwan to build a more stable revenue foundation. In Australia, the Group will expand its solar-plus-storage market development to establish a scalable overseas project platform. In Japan, it will advance high-value-added energy storage products and energy resilience applications.

Through these three transformation directions, Billion Electric is evolving from an equipment and engineering-oriented business into an integrated energy services platform with capabilities in asset management, operational services, and cross-border market development. The Group will continue strengthening its revenue structure and long-term growth momentum as it advances toward its goal of becoming a leading integrated energy services provider in Asia-Pacific.

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