Buima launches into energy storage application

Energy-efficient building materials maker Buima entered the energy storage market by establishing an energy technology team in the second quarter of 2021 and acquiring a 25% stake in lithium battery module maker Joules Miles (JMS) in August, according to the company.

Buima produces energy-efficient building materials, mainly metal ceilings, suspension grids and walls. Through an investment in JMS, Buima has expanded its business into lithium battery-based energy storage solutions, including inverters, energy storage systems and BBUs (battery backup units), power generation infrastructure, including smart energy systems used in residential, office and factory buildings. , as well as smart wearables including AR/VR smart glasses, smart watches and wearables.

Currently, energy-efficient building materials account for 29% of consolidated sales, energy storage solutions 30%, power generation infrastructure 26% and smart wearables 15%.

By combining building materials with energy storage, Buima develops green energy storage walls for use in commercial, office, residential and industrial buildings. From 2022, Buima will supply lithium battery modules for use in electric bicycles and scooters.

Buima reported consolidated revenue of NT$477.9 million ($17.1 million) for December, growing 36.52% on the month and 246.16% on the year. Its consolidated revenue was NT$1.158 billion for the fourth quarter of 2021, up 73.77% on the quarter and 260.83% on the year. Its consolidated revenue in 2021 was NT$2.823 billion, up 181.81% year-on-year.

About William G. Patrick

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