Bimergen Energy Selects SMA as Inverter Supplier for 80 MW ERCOT BESS Portfolio

Bimergen Energy (NYSE American: BESS) selected SMA as inverter supplier for eight recently acquired 9.9 MW projects in ERCOT, totaling ~80 MW of battery energy storage.

Rhea-AI Summary

Bimergen Energy (NYSE American: BESS) selected SMA as inverter supplier for eight recently acquired 9.9 MW projects in ERCOT, totaling ~80 MW of battery energy storage. The choice aligns with FEOC requirements under the Inflation Reduction Act, supports tax-incentive eligibility, and uses project-level, non-dilutive financing. Projects target commercial operation between Q4 2026 and Q1 2027, and add to a ~2 GW national BESS pipeline.

Positive

• 80 MW ERCOT portfolio secured with SMA inverters
• Inverter selection aligned with FEOC rules to support tax-incentive eligibility
• Acquisitions funded via non-dilutive, project-level financing, preserving shareholder value

Negative

• Target in-service window Q4 2026–Q1 2027 exposes projects to schedule and construction risk
• Portfolio 80 MW is a small fraction of the stated ~2 GW pipeline, limiting near-term revenue scale

Argus May 6 session

+3.83% close to close Open Argus

Details

News Market Reaction – BESS

On May 6, the day this news came out, BESS closed 3.83% above the previous close.

Data tracked by StockTitan Argus for the May 6 session.

Key Figures

Project size: eight 9.9 MW projects Portfolio capacity: 80 MW In-service window start: fourth quarter of 2026 +2 more

Project size

eight 9.9 MW projects

ERCOT BESS portfolio described in this announcement

Portfolio capacity

80 MW

Total energy storage capacity of ERCOT BESS portfolio

In-service window start

fourth quarter of 2026

Expected start of project in-service dates

In-service window end

first quarter of 2027

Expected end of project in-service dates

Development pipeline

approximately 2 GW

Active BESS project pipeline nationwide referenced in the release

Historical Context

5 past events · Latest: May 01

5 events

1. May 01

   Investor summit plans

   24h Move

   -0.4%

   Company to present $2 billion growth strategy at Market Movers Summit.

2. Mar 24

   Growth strategy presentation

   24h Move

   +12.4%

   Virtual conference outlining $2 billion strategy and ~2.0 GW pipeline.

3. Mar 19

   EPC contract award

   24h Move

   +5.9%

   Awarded EPC contract for eight Texas projects totaling 40 MW / 80 MWh.

4. Mar 12

   Conference participation

   24h Move

   +0.0%

   Planned LD Micro presentation to discuss $2 billion strategy and revenue model.

5. Mar 03

   ERCOT asset acquisition

   24h Move

   +0.9%

   Completed Aggreko acquisition of eight ERCOT South projects totaling 79.2 MW.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

battery energy storage systems, electric reliability council of texas (ercot), foreign entity of concern (feoc), inflation reduction act, +1 more

5 terms

battery energy storage systems technical

"developer, owner, and operator of utility-scale and distributed battery energy storage systems"

Large, grid-connected rechargeable battery systems that store electricity for later use, like a giant household battery for cities or power plants. They matter to investors because they help balance supply and demand, enable more renewable energy, reduce outage risk, and create revenue through services such as selling stored power at peak times or participating in grid stability programs, while requiring upfront capital and having performance limits tied to lifespan and degradation.

electric reliability council of texas (ercot) technical

"9.9 MW BESS projects in the Electric Reliability Council of Texas (ERCOT) market"

The Electric Reliability Council of Texas (ERCOT) is the grid operator that manages most of Texas’s electricity supply and demand, coordinating power plants, transmission lines, and real-time electricity flows like an air-traffic controller for the state’s power system. Investors care because ERCOT’s decisions on grid reliability, outage management, and market pricing directly affect utility revenues, energy company earnings, and the cost and availability of power—similar to how a central dispatcher influences delivery speed and cost in a logistics network.

foreign entity of concern (feoc) regulatory

"align with Foreign Entity of Concern (FEOC) requirements under the Inflation Reduction Act"

A foreign entity of concern (FEOC) is a company, organization or government body based outside the country that regulators have flagged as posing risks to national security, sensitive technology, supply chains or investor protections. For investors, an FEOC designation is like a red flag on a seller in a marketplace: it can trigger limits on business deals, export controls or investment restrictions that may affect a target company’s customers, partners and valuation.

inflation reduction act regulatory

"requirements under the Inflation Reduction Act, supporting eligibility for applicable tax incentives"

The inflation reduction act is a law designed to lower the overall increase in prices for goods and services in an economy, helping to keep the cost of living more stable. For investors, it matters because reducing inflation can lead to a healthier economy, potentially making investments safer and more predictable by preventing prices from rising too quickly.

ancillary services technical

"expected to provide critical grid stability, support renewable integration, and deliver ancillary services"

Ancillary services are the extra goods or services that support and complement a company’s main product or activity, like maintenance, testing, delivery, or billing. For investors they matter because these add-on offerings can create steady, often higher-margin revenue streams that diversify income and make a business less dependent on its core product — think of them like the accessories and service plans that keep a phone useful and also boost the seller’s profits.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Newport Beach, CA, May 06, 2026 (GLOBE NEWSWIRE) -- Bimergen Energy Corporation (NYSE American: BESS, BESS.WS), a developer, owner, and operator of utility-scale and distributed battery energy storage systems, today announced the selection of SMA as the inverter supplier for eight recently acquired 9.9 MW BESS projects in the Electric Reliability Council of Texas (ERCOT) market. The portfolio represents approximately 80 MW of total energy storage capacity and marks a key step in the Company’s continued expansion in one of the nation’s most dynamic power markets.

Bimergen selected SMA’s technology and supply chain to align with Foreign Entity of Concern (FEOC) requirements under the Inflation Reduction Act, supporting eligibility for applicable tax incentives and enhancing overall project financeability.

The Company utilized strategic capital partnerships and non-dilutive, project-level financing to fund the acquisitions and secure long-lead equipment while preserving shareholder value. The projects are expected to be put in service between the fourth quarter of 2026 and the first quarter of 2027.

“We are excited to advance these projects with SMA as a key technology partner,” said Cole Johnson, Co-CEO of Bimergen Energy. “Selecting a proven, high-performance inverter solution is critical as we scale deployment across our ERCOT footprint. This milestone reflects strong execution and positions us to deliver reliable, grid-supporting storage capacity to meet Texas’s growing energy demand.”

“The selection of SMA represents another meaningful step in executing our ERCOT strategy,” said Bob Brilon, Co-CEO of Bimergen Energy. “We remain focused on building a high-quality, scalable platform in key U.S. power markets, supported by strong partners and disciplined project development.”

The 80 MW portfolio is expected to provide critical grid stability, support renewable integration, and deliver ancillary services within ERCOT. With these projects advancing toward construction and commissioning, Bimergen continues to strengthen its position as an independent owner and operator of utility-scale BESS in strategic U.S. markets.

This development adds to Bimergen’s active pipeline of approximately 2 GW of BESS projects nationwide, underscoring the Company’s disciplined approach to growth, technology selection, and execution.

About Bimergen Energy Corporation

Bimergen Energy Corporation (NYSE American: BESS, BESSWS) is a U.S.-based independent power producer specializing in the development, ownership, and operation of standalone battery energy storage systems (BESS). Bimergen develops utility-scale and distributed storage projects designed to provide grid reliability, renewable integration, and flexible energy solutions. Bimergen manages the full project lifecycle, including site selection, permitting, engineering, procurement, construction, and operations. Its portfolio spans multiple power markets across the United States.

For more information about Bimergen Energy, please visit www.bimergen.com.

Forward-Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will,” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words.

Forward-looking statements are based on Bimergen Energy Corporation’s current expectations and are subject to inherent uncertainties, risks, and assumptions that are difficult to predict. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Bimergen Energy Corporation undertakes no duty to update such information except as required under applicable law.

Media Contact:
Dave Gentry
RedChip Companies Inc.
1-407-644-4256 | 1-800-REDCHIP (733-2447)
BESS@redchip.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Bimergen (BESS) announce about the ERCOT 80 MW portfolio on May 6, 2026?

Bimergen selected SMA as inverter supplier for eight 9.9 MW projects totaling ~80 MW in ERCOT. According to the company, the selection aligns with FEOC requirements and supports eligibility for applicable Inflation Reduction Act tax incentives.

When are the BESS (BESS) ERCOT projects expected to be in service?

The projects are expected to be in service between Q4 2026 and Q1 2027. According to the company, this timeline covers construction, commissioning, and grid interconnection milestones for the eight projects.

How were the Bimergen (BESS) ERCOT acquisitions funded?

Bimergen used strategic capital partnerships and non-dilutive, project-level financing to fund the acquisitions and secure long-lead equipment. According to the company, this approach aims to preserve shareholder value while advancing project development.

Why did Bimergen (BESS) choose SMA inverters for the ERCOT projects?

Bimergen selected SMA to align with Foreign Entity of Concern (FEOC) requirements and support tax-incentive eligibility under the Inflation Reduction Act. According to the company, SMA’s technology and supply chain met those compliance and performance needs.

What grid services will the 80 MW BESS (BESS) portfolio provide in ERCOT?

The portfolio is expected to provide grid stability, support renewable integration, and deliver ancillary services within ERCOT. According to the company, these projects are designed to offer capacity and fast-response services to support the Texas grid.

How does the 80 MW ERCOT deal fit into Bimergen’s overall pipeline (BESS)?

The 80 MW portfolio adds to a nationwide active pipeline of approximately 2 GW of BESS projects. According to the company, this acquisition is part of a disciplined growth and technology-selection strategy across key U.S. markets.