Bimergen Energy Secures $50 Million for Battery Energy Storage Project Development
Bimergen Energy (OTCQB: BESS) has secured a $50 million capital commitment for battery energy storage project development through 2027. The company's subsidiary, Emergen Energy LLC, has formed a joint venture with a battery storage systems manufacturer to develop, construct, and operate up to 2 GW of utility-scale battery storage projects across the United States.
The financing includes an initial $10 million tranche already received, which will be used for long-lead items procurement and securing permanent debt financing. The investment is supported by U.S. Investment Tax Credits (ITC) for utility-scale storage projects and increasing demand from AI data centers.
Bimergen Energy (OTCQB: BESS) ha assicurato un impegno di capitale di 50 milioni di dollari per lo sviluppo di progetti di accumulo energetico fino al 2027. La controllata dell'azienda, Emergen Energy LLC, ha formato una joint venture con un produttore di sistemi di stoccaggio per sviluppare, costruire e gestire fino a 2 GW di progetti di stoccaggio su scala utilities negli Stati Uniti.
Il finanziamento comprende una tranche iniziale di 10 milioni di dollari già ricevuta, destinata all'acquisto di articoli a polso lungo e all'ottenimento di finanziamenti permanenti. L'investimento è supportato dai crediti d'imposta statunitensi (ITC) per progetti di stoccaggio su larga scala e dalla crescente domanda da parte dei data center AI.
Bimergen Energy (OTCQB: BESS) ha asegurado un compromiso de capital de 50 millones de dólares para el desarrollo de proyectos de almacenamiento de energía hasta 2027. Su subsidiaria Emergen Energy LLC ha formado una empresa conjunta con un fabricante de sistemas de almacenamiento para desarrollar, construir y operar hasta 2 GW de proyectos de almacenamiento a gran escala en Estados Unidos.
La financiación incluye una primera entrega de 10 millones de dólares ya recibida, destinada a la adquisición de artículos de plazos largos y a asegurar la financiación de deuda permanente. La inversión está respaldada por créditos fiscales de inversiones (ITC) de EE. UU. para proyectos de almacenamiento a gran escala y por la creciente demanda de centros de datos de IA.
Bimergen Energy (OTCQB: BESS)가 2027년까지 배터리 에너지 저장 프로젝트 개발을 위한 5천만 달러의 자금 약정을 확보했습니다. 회사의 자회사 Emergen Energy LLC는 미국 전역의 유틸리티 규모 배터리 저장 프로젝트를 개발, 건설 및 운영하기 위해 배터리 저장 시스템 제조업체와 합작투자를 구성했습니다. 최대 2 GW 규모의 저장 프로젝트를 추진합니다.
finansing에는 이미 수령한 초기 1,000만 달러 트랜치가 포함되어 있으며, 이는 장기 리드 아이템 조달 및 영구 부채 조달 확보에 사용될 예정입니다. 이 투자에는 유틸리티 규모 저장 프로젝트에 대한 미국 세제 크레딧(ITC)과 AI 데이터 센터의 증가하는 수요가 지원합니다.
Bimergen Energy (OTCQB: BESS) a obtenu un engagement de capital de 50 millions de dollars pour le développement de projets de stockage d'énergie par batterie jusqu'en 2027. Sa filiale, Emergen Energy LLC, a créé une coentreprise avec un fabricant de systèmes de stockage pour développer, construire et exploiter jusqu'à 2 GW de projets de stockage à l’échelle utilitaire à travers les États-Unis.
Le financement comprend une tranche initiale de 10 millions de dollars déjà reçue, destinée à l'approvisionnement en articles à longue lead time et à la sécurisation du financement par dette permanente. L'investissement est soutenu par les crédits d'impôt américains (ITC) pour les projets de stockage à grande échelle et par la demande croissante des centres de données IA.
Bimergen Energy (OTCQB: BESS) hat eine Kapitalverpflichtung von 50 Millionen US-Dollar für die Entwicklung von Batterie-Speicherkraftwerken bis 2027 gesichert. Die Tochtergesellschaft Emergen Energy LLC hat ein Joint Venture mit einem Hersteller von Batteriespeichersystemen gegründet, um bis zu 2 GW an Speicherkraftwerksprojekten auf US-amerikanischer Utilities-Ebene zu entwickeln, zu bauen und zu betreiben.
Die Finanzierung umfasst eine initiale Tranche von 10 Millionen US-Dollar, die bereits erhalten wurde und für die Beschaffung von Langzeit-Komponenten sowie die Sicherung permanenter Fremdfinanzierung verwendet wird. Die Investition wird durch US-Investment-Steuergutschriften (ITC) für großskalige Speicherkraftwerke und durch die wachsende Nachfrage von AI-Rechenzentren unterstützt.
Bimergen Energy (OTCQB: BESS) أمنت التزامًا رأسماليًا بقيمة 50 مليون دولار لتطوير مشاريع تخزين طاقة البطاريات حتى عام 2027. شكلت الشركة التابعة Emergen Energy LLC مشروعًا مشتركًا مع مُصنع أنظمة التخزين البطارية لتطوير وبناء وتشغيل ما يصل إلى 2 جيجاواط من مشاريع التخزين على مستوى المرافق عبر الولايات المتحدة.
يشمل التمويل دفعة ابتدائية بقيمة 10 ملايين دولار تم استلامها بالفعل، ستُستخدم لشراء عناصر طويلة الأجل وتأمين تمويل ديون دائم. الاستثمار مدعوم بمزايا ائتمانية ضريبية أمريكية (ITC) للمشروعات التخزينية على نطاق واسع وبالطلب المتزايد من مراكز بيانات الذكاء الاصطناعي.
Bimergen Energy (OTCQB: BESS) 已为到 2027 年的电池存储项目开发确保了 5000 万美元的资本承诺。公司的子公司 Emergen Energy LLC 已与一家电池存储系统制造商组成合资企业，在美国境内开发、建设并运营高达 2 GW 的公用事业级电池存储项目。
融资包括已收到的初始 1000 万美元阶段，将用于长周期物资采购和确保永久性债务融资。该投资获得美国对公用事业规模存储项目的投资税收抵免（ITC）支持，并受 AI 数据中心需求增长的推动。
- Secured $50 million capital commitment with $10 million already received
- Joint venture to develop up to 2 GW of utility-scale battery storage projects through 2027
- Strong debt financing proposals and offtake term sheets from top-tier financial institutions
- Benefits from ongoing U.S. Investment Tax Credits (ITC) support
- Strategic positioning to capture growing AI data center demand
- Mezzanine financing structure may indicate higher cost of capital
- Project execution dependent on successful permanent debt financing
- Significant capital requirements for planned 2 GW development pipeline
Newport Beach, CA, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Bimergen Energy Corporation [OTCQB: BESS], (“the Company” or “Bimergen”), a developer of utility-scale battery energy storage solutions and an independent power provider, today announced that it has secured the
The mezzanine financing is designed to allow Emergen to develop, construct, and operate up to 2 GW of utility-scale battery energy storage projects across the U.S. through 2027. The commitment totals
“This financing provides our joint venture, with this equity financing partner, the resources to secure safe harbor equipment. By locking in our equipment providers under safe harbor provisions, we are ensuring cost certainty for investors and supply chain reliability for our partners. Together, these steps strengthen the foundation for the successful execution of upcoming projects”, said Bob Brilon, CFO of Bimergen Energy.
“This significant milestone that is anticipated to drive our growth through ongoing project development. It will also enable us to reach several upcoming milestones aimed at commencing construction on our chosen projects in the near future,” said Cole Johnson, President of Bimergen Energy.
The investment landscape for energy storage is notably strong within the larger renewable energy sector, supported by the ongoing availability of U.S. Investment Tax Credits (ITC) for utility-scale storage projects, coupled with a surging demand for AI data centers across the country. These credits for battery energy storage system facilities, which continue to receive solid support from the federal government, present substantial incentives for investors and developers alike. Given this favorable situation, Bimergen has strategically focused its efforts on advancing late-stage projects that are set to launch operations in the near future. This proactive strategy is further emphasized by a wave of debt financing proposals and offtake term sheets from top-tier financial institutions, reflecting strong confidence in our initiatives.
About Bimergen Energy Corporation
Bimergen Energy Corporation [OTCQB: BESS] is a utility-scale Battery Energy Storage System (BESS) asset owner, project developer, and independent power provider focused on capitalizing on the demand for critical power grid stability and reducing energy price volatility. The Company owns development stage BESS projects with a cumulative energy capacity of approximately 2 GW. The company secures project financing and oversees construction of the energy storage projects, partnering with institutional counterparties to manage daily energy trading operations under long-term offtake agreements ensuring stable, contract-backed revenue. For more information, please visit www.bimergen.com
Cautionary Note Regarding Forward-Looking Statements
This press release may include, and oral statements made from time to time by representatives of the Company may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filing with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s filings with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact:
Dave Gentry
RedChip Companies Inc.
1-407-644-4256
1-800-REDCHIP (733-2447)
BESS@redchip.com
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