Bimergen Energy Corp (BESS) is a renewable energy development company that develops and plans to operate utility-scale battery energy storage system (BESS) and solar projects. Revenue is expected to come from energy arbitrage, grid services, and contracted energy sales once projects reach commercial operation, with development fees structured at $0.035 per watt of capacity payable at project financing milestones. The company acquired Emergen Energy LLC, adding a pipeline of approximately 3.6 GWAC of BESS and solar development projects as of the 10-K filed March 31, 2026. Projects are sited near traditional power transmission lines or large offtakers. The Redbird and Wildfire projects were identified as the most advanced in the portfolio, described as ready to proceed to financing and construction phases as of the FY2025 filing. The company has not reported operating revenue from energy sales as of December 31, 2025 and is pre-revenue, funding operations through private placements, including $390,000 raised from four accredited investors during the year ended December 31, 2025.
- Revenue model
- Planned revenue streams include energy arbitrage (buying and storing energy during low-demand periods, selling during high-demand periods), grid services (frequency regulation, voltage support, emergency backup), and contracted energy sales to utility and non-utility customers. Development fees of $0.035 per watt of capacity are payable upon project financing, structured in tranches tied to financing milestones (acceptance, ready-to-build status, and commercial operation date). The company had no disclosed operating revenue from energy sales as of the FY2025 annual report.
- Products and services
- Utility-scale battery energy storage system (BESS) projects; solar energy projects; grid ancillary services including frequency regulation and voltage support; a Technology Enabler Solutions division targeting green energy applications through internal development and acquisitions. The Redbird and Wildfire projects were the most advanced in the pipeline as of the 10-K filed March 31, 2026.
- Customers and end markets
- Expected customers are industrial, commercial, and municipal offtakers with high energy demands, as well as utilities. Customer screening is conducted at each project site to identify potential energy service purchasers. Energy purchase agreements with these customers are planned but had not been executed as of the FY2025 filing.
- Value-chain role
- Project developer and planned operator. The company identifies and acquires development-stage projects, manages grid interconnection negotiations, coordinates with ISOs, arranges project-level debt and equity financing, and contracts third parties for construction. Battery procurement is managed in-house. Energy Independent Partners (EIP), a firm controlled by Co-CEO Cole Johnson, provides pre-construction and pre-operational development services under a fee agreement.
- Geographic exposure
- Projects are located across multiple Independent System Operator (ISO) territories in the United States. The company is headquartered in Irvine, California, per the auditor address referenced in the FY2025 10-K filed March 31, 2026. Specific state locations of individual projects are not disclosed in the excerpts.
Source: SEC 10-K, filed 2026-03-31
Industry:
Electric Services
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