The equilibrium optimizer (EO) is a novel physics-based meta-heuristic optimization algorithm that is inspired by estimating dynamics and equilibrium states in controlled volume mass balance models. As a stochastic optimization algorithm, EO inevitably produces duplicated solutions, which is wasteful of valuable evaluation opportunities. In addition, an excessive number of duplicated solutions can increase the risk of the algorithm getting trapped in local optima. In this paper, an improved EO algorithm with a bis-population-based non-revisiting (BNR) mechanism is proposed, namely BEO. It aims to eliminate duplicate solutions generated by the population during iterations, thus avoiding wasted evaluation opportunities. Furthermore, when a revisited solution is detected, the BNR mechanism activates its unique archive population learning mechanism to assist the algorithm in generating a high-quality solution using the excellent genes in the historical information, which not only improves the algorithm's population diversity but also helps the algorithm get out of the local optimum dilemma. Experimental findings with the IEEE CEC2017 benchmark demonstrate that the proposed BEO algorithm outperforms other seven representative meta-heuristic optimization techniques, including the original EO algorithm.