Bimergen Energy Secures $50 Million for Battery Energy Storage Project Development
Newport Beach, CA, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Bimergen Energy Corporation [], (“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 $50 million capital commitment to build out and add to their portfolio. Emergen Energy LLC, a wholly owned subsidiary of Bimergen, and our equity financing partner, a battery energy storage systems manufacturer have formed a joint venture that will conduct the business operations.
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 $50 million, with the first $10 million tranche already received. These funds will advance the procurement of long-lead items and position the joint venture to secure permanent debt financing for upcoming battery energy storage systems (BESS) projects. This investment underscores strong confidence in the long-term economic future of the renewable energy storage sector.
“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 [] 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
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