Bimergen Energy Secures $200 Million Equity Commitment to Advance U.S. Battery Storage Projects
Bimergen Energy Corporation, a developer of utility-scale battery energy storage systems (BESS) and independent power producer, has secured an equity commitment of up to $200 million from a European energy generation and transmission company. The funding will support the development and construction of large-scale storage projects across the United States.
Under a binding agreement between the European partner and Bimergen’s subsidiary, Emergen Energy LLC, an initial $10 million will be deployed to support pre-construction and early-stage development activities. Additional funding—up to the full $200 million—will follow as projects reach construction-ready stages.
The equity investment is expected to cover about 10–20% of total project costs, with the remainder financed through debt sourced from global financial institutions.
Bimergen’s leadership said the partnership comes at a time of growing investor interest in energy storage, driven by federal incentives and the need for grid resilience. “Energy storage continues to stand out as one of the most compelling investment opportunities in today’s energy market,” said Benjamin Tran, CEO of Bimergen Energy. “Strong federal support and a clear demand for grid resilience are creating a favorable environment for both equity and debt investors. These conditions enable more efficient financing structures, reduce long-term risk, and enhance the overall return profile of our projects.”
The company expects the new capital to accelerate progress on its 2 GW pipeline of energy storage projects currently in development.