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Billion Electric Expands Investment in VGwatt and Noon Spare Energy Technology to Strategically Develop Taiwan-Made MIT Photovoltaic Inverters and Industrial Energy Storage Solutions

2024 Jun 25

Billion Group officially completed a joint venture with Noon Spare Technology in April of this year. The image showcases Noon Spare Energy Technology’s fully automated battery production facility located in Tanzi, Taichung City, Taiwan.

In the midst of the global energy revolution, the Ministry of Economic Affairs has assessed the increasing electricity demand driven by the AI boom, forecasting an average annual growth rate of 3% over the next 5 to 10 years. The rise in AI's electricity consumption has garnered significant attention from the industry. However, building a traditional power plant takes six years, whereas a solar power plant can be completed in just two years. NVIDIA CEO Jensen Huang has expressed concerns, stating that "power limitations are a challenge." Will Taiwan have enough power to meet demand?

Billion Group (TW: 3027), with over 50 years of experience in power electronics and network communication technology, has made strategic investments in "VGwatt Energy" and "Noon Spare Energy Technology " The company is actively advancing the localization of photovoltaic inverters and Energy Storage Systems (ESS), collaborating on key technologies to strengthen Taiwan's position in the global market. Billion Group aims to expand its reach to international markets, targeting the U.S., Japan, Australia, and beyond for overseas sales.


VGwatt – A Trusted Brand for Safe Innovation and Localized Service in Solar Power Generation and Installation

VGwatt, established in 2019, is the official authorized distributor of GROWATT in Taiwan. With over 10 years of experience in power technology and the solar energy industry, VGwatt has earned a reputation as a reliable partner in the renewable energy sector. GROWATT, a global leader in the new energy equipment industry, selected VGwatt as its key sales partner when entering the Taiwanese market in 2019. In collaboration with Billion Electric, VGwatt introduces the new BNI SERIES string inverters (40-60kW and 100-125kW), which have passed the National Voluntary Product Certification (VPC). These products offer exceptional competitiveness in terms of quality, pricing, and after-sales service.
 

VGwatt's General Manager, Mr. You Guo Zhou, stated that due to continuous technological innovation, ongoing improvements in quality, and the highly competitive industry, the differences in cost-effectiveness among brands have gradually narrowed. As a result, superior service has become the key to winning in the market. VGwatt has always adhered to a customer-centric approach, prioritizing the best service, and working closely with the local technical teams of the original manufacturers. The company strives to provide customers with the highest quality solar equipment options and services, with expectations to achieve remarkable growth this year, potentially doubling their performance.


Noon Spare Energy Technology – Innovating Technology, Smart Manufacturing, and Achieving Efficient Energy Storage Applications

Founded in 2018, Noon Spare Energy Technology boasts 40 years of local experience in the home appliance export supply chain. The company specializes in contract manufacturing of U.S. home energy storage products, as well as small-scale residential and large-scale commercial and industrial solutions. With ISO9001 management and UL production certifications, Noon Spare Energy Technology ensures its products meet local quality standards. The professional team gathers expertise in lithium battery cell material production, battery testing, module design, and packaging, and is equipped with high-standard testing facilities to maintain stringent quality control. The company is capable of flexibly designing and developing solutions tailored to energy storage system applications, and facilitating mass production. In addition, it integrates power conversion systems and energy management systems to optimize battery performance.

Noon Spare Energy Technology's Business Development Manager, Jesse Chen, stated that Noon Spare is focused on developing its own energy storage system production capabilities. In addition to collaborating with National Taiwan University of Science and Technology on industry-academic partnerships, the company is actively advancing Battery Management System (BMS) technology, which is core to energy storage systems. Noon Spare has already established in-house capabilities for the development of software and hardware for the 1,000V high-voltage secondary BMS. The company has also secured distribution rights for a mature, integrated smart energy storage system from a U.S.-based smart home brand, as well as OEM production rights for its battery modules. With these resources and product experience, Noon Spare is well-positioned to provide energy storage solutions for industrial, commercial, and residential users, as well as for microgrids and distributed energy systems.

The 100kW/215kWh industrial charging and energy storage system features a modular design, allowing for flexible scalability up to 500kW/1075kWh. This scalability offers greater flexibility in space utilization.

U.S. Tariff Policy Opens New Export Opportunities for Taiwan's MIT Products

Billion Electric's Chairman, Tim Chen, highlighted that the US announced in May an increase in tariffs on Chinese electric vehicles and batteries, with tariffs on electric vehicles rising from 25% to 100% and batteries from 7.5% to 25%. This move provides a new export opportunity for Taiwan-made MIT (Made in Taiwan) photovoltaic inverters and energy storage equipment. The group's strategic investment in VGwatt Energy and Noon Spare Energy Technology has accelerated its integration efficiency and complete quality supply chain. Since June this year, the group has begun exporting nearly 22 sets of its own Taiwan-manufactured MIT 100kW/215kWh commercial charging and energy storage units to three island nations. Chairman Tim Chen emphasized that energy storage involves complex, interdisciplinary, and location-specific technological integration. The group, along with its partners, is committed to advancing Taiwan-made products globally, offering cutting-edge photovoltaic and energy storage technologies and services.

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