BeeIN increases revenues and profits

BeeIN SA, a provider of solutions from the RES market, achieved PLN 2021 million (vs PLN 12,7 million y / y) and PLN 2,9 million (vs PLN 0,9 million y / y) after the first three quarters of 0,4. In the period of July-September, the company sold 100 heat pumps (compared to 23 in QXNUMX this year), launched a marketplace OZE Outlet: OutletOZE.pl and started selling ZNShine panels coated with graphene, which show self-cleaning and low-flammability properties.

BeeIN's activity is based on the import and sale of photovoltaic panels and other renewable energy components to professional customers (including inverters, heat pumps, energy storage). The company also addresses its offer to individual customers through the beein.pl e-commerce store and develops development projects of its own solar farms. Additionally, BeeIN offers support services for institutions financing the RES market (in terms of disassembly, testing, service, storage and further resale of RES components).

- Q2021 was another positive result period for BeeIN, resulting in operational increases in the PV and heat pump segments, both compared to the period from the previous year and to the previous quarters of 2022. The fourth quarter is going well and, observing the market, we expect the current trends to continue in XNUMX, in which, apart from the development of the core business, we want to generate the first revenues from the new business area. On the other hand, we hope to start selling renewable energy equipment in Western Europe through cooperation with regional partners - says Michał Sochacki, President of the Management Board of BeeIN SA

The sales and financial results were fully generated from commercial activities. The Management Board of BeeIN expects to record the first sale in the new business area related to innovative services for the RES market in 2022.

- One of the main innovative areas developed in recent months is the OutletOZE platform, i.e. a RES outlet dedicated to individual and business customers. Thanks to the project, we will build new business lines faster, related to, inter alia, with offering customers RES panels and devices from the secondary market. In the third quarter, our company also expanded its commercial offer with panels of the world-class ZNShine Solar brand. The partner provides PV modules coated with graphene showing self-cleaning properties, characterized by greater durability, efficiency and fire safety. The intention of BeeIN is to promote on the Polish market products dedicated to premium customers that require special functional features - adds Michał Sochacki.

ZNShine Solar is a Chinese manufacturer of PV panels with over 30 years of experience, with the highest Bloomberg rating of TIER1 New Energy Finance. The concern has production capacity of the order
6 GW and is the largest supplier of solar cells in India. In terms of technology, the company applies graphene integrated into the windshield of the PV module (instead of the surface coating). The main features of ZNShine panels are: a) self-decomposition of organic pollutants through photocatalysis thanks to a hydrophilic and antistatic coating affecting their free removal with rain and wind, b) improved energy generation capacity thanks to a nanoporous coating c) greater durability and durability - glass is more resistant to scratches and damage due to the hardness of graphene and d) TUV certificate the highest standard of fire safety. class A.

According to Polskie Sieci Energetyczne, at the end of September this year. installed capacity in photovoltaics amounted to 6,1 GW, i.e. by 56 percent. more than at the end of 2020. The data of the Energy Development Agency indicate 11,8 percent. share of the total capacity of all energy sources (conventional energy and RES). PV energy accounts for 41,1 percent. RES capacity (15,3 GW).

In 2021, the company intensified sales on the Hungarian market and is finalizing preparations to enter the Baltic markets under the BeeIN Baltic brand. In the commercial area, the company started selling sets: a photovoltaic installation (LEAPTON Solar panels) and a heat pump (SPRSUN pump with a Panasonic compressor). The intention of the company is to offer end customers comprehensive solutions supporting the achievement of energy neutrality in private construction.