Bimergen Energy Corp
bimergen.comWhat Do They Do?
Develops utility-scale battery storage and solar energy projects for energy traders, utilities, and commercial and industrial customers.
10-K for FY2025, filed Mar 31, 2026
How Do They Make Money?
The company plans to earn money by selling stored power and grid services, mainly through long-term tolling agreements with fixed or minimum payments and a share of revenue above a floor. If it does not secure those agreements, it may sell power into merchant markets.
10-K for FY2025, filed Mar 31, 2026Bimergen Energy’s business model as a BESS project owner and developer will leverage long-term contracted tolling agreements to generate…View ↗
While these contracts have not yet been finalized, institutional traders will manage daily operations and energy trading under the…View ↗
We are in talks with a number of investment banks to secure offtake agreements for our projects. However, to date, we have not entered into…View ↗
$26.2K
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10-K for FY2023, filed Apr 1, 2024
$26.2K ↗
Who Are Their Customers?
The company expects to sell electricity and grid services to energy trading firms, commercial and industrial customers, and utilities through tolling agreements, financial hedges, power purchase agreements, or utility procurements.
10-K for FY2025, filed Mar 31, 2026In addition to energy arbitrage, our BESS assets are positioned to provide essential grid services, including frequency regulation, voltage…View ↗
Another key component of site qualification is identification of the potential energy customers and markets we can serve, either by rights…View ↗
The revenue opportunities relating to our primary energy purchase customers – the regulated utilities and regulated wholesale energy…View ↗
Do Revenues Turn Into Profits?
No. It lost $811.6K in FY2022.
10-K for FY2023, filed Apr 1, 2024
How Are They Changing?
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Jul 2, 2026
Changed its independent auditor
The audit committee terminated Ramirez Jimenez International CPAs and approved Weinberg & Company as the new independent auditor.
Sources
8-K, filed Jul 2, 2026
On June 30, 2026 the Audit Committee of the Board of Directors of Bimergen Energy Corporation, a corporation incorporated under the laws of…View ↗
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May 28, 2026
Contributed three battery project companies to a joint venture
Emergen contributed all interests in three project companies for a 7.5% JV stake and will jointly develop the portfolio and further ERCOT projects.
Sources
8-K, filed May 28, 2026
As consideration for the contribution of the Project Companies, the JV Company will (i) issue to Emergen 75 Class B Units in the JV…View ↗
Shrinking. Revenue fell 99% in 4 years, from $1.8M in FY2018 to $26.2K in FY2022, about 65% a year.
From technology portfolio to project development
The older report described a broad green-energy technology strategy spanning licensing, acquisitions, research and development, and possible manufacturing, alongside battery storage operations. The latest report centers on developing and operating utility-scale battery storage and solar projects.
10-K for FY2022, filed Mar 31, 2023 10-K for FY2025, filed Mar 31, 2026
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