BESS News & Events

Frontier Power USA announced the signing of a transaction to acquire a 480 MWh portfolio of battery energy storage system development projects from Bimergen Energy Corporation. The portfolio comprises three ERCOT-based projects, including two "Texas 10" projects and a 100 MW / 400 MWh project with Notices-to-Proceed expected to begin in the middle of 2026. Subject to certain closing conditions, this transaction will represent the first acquisition completed with respect to FPUSA's exclusive project pipeline and will mark the initial deployment under FPUSA's previously announced 2 GWh capacity reservation agreement with Eos Energy Enterprises (EOSE). Under the terms of the transaction agreement, following the closing, an affiliate of FPUSA will fund 100% of the equity required for construction, pay Bimergen a development fee and fund transaction expenses. The affiliate of FPUSA is expected to contribute the project companies to FPUSA following the initial capitalization of FPUSA. FPUSA will, after such contribution, hold a 92.5% ownership interest in the project companies, while Bimergen will retain a 7.5% economic interest in recognition of its ownership and development contribution. The parties will collaborate to bring the projects to commercial operations. The projects will utilize Eos' American-made Z3 long duration battery systems in alignment with the previously announced capacity reservation agreement between FPUSA and Eos. The agreement will provide FPUSA with dedicated access to manufacturing capacity, supporting deployment certainty across its late-stage opportunity pipeline.

Bimergen Energy has awarded a construction contract to TruGrid, a leading energy storage and solar company that provides engineering, procurement, and construction as well as operations and maintenance services. The Texas-based projects total 40 MW / 80 megawatt hours. Bimergen acquired 8 late-stage 9.9 MW distributed generation battery energy storage projects strategically positioned in the ERCOT South region of Texas. TruGrid's scope of work includes all engineering activities, as well as civil, structural, and electrical construction. Bimergen is advancing a development pipeline of an additional 2 GWh in BESS projects, representing approximately $150M in revenue from project development. These projects underpin the company's strategic goal of achieving $300M-$400M in annual energy arbitrage revenue within the next three to four years.

Bimergen Energy acquired eight late-stage 9.9 MW distributed generation, or DG, battery energy storage projects from Aggreko's IPP Solutions business, in the ERCOT South region of Texas. The acquisition was financed through Bimergen's JV with RelyEZ. The projects will use RelyEZ's lithium-based utility-scale batteries. The portfolio represents approximately 79.2 MW of total nameplate capacity. Five projects are anticipated to achieve In Service Date in late 2026, with the remaining three expected in early 2027. Bimergen plans to award construction contracts for the projects in the near future.