Bimergen Energy Awards Construction Contract to TruGrid for 40 MW Projects
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 19 2026
0mins
Should l Buy BESS?
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.
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About BESS
Bimergen Energy Corp, formerly Bitech Technologies Corporation, is an independent power provider with a core business of developing and operating Battery Energy Storage Systems (BESS) to enhance grid stability and produce consistent revenues. It also offers technological innovations with smart energy solutions, including microgrids, advanced energy management systems (EMS) for homes, buildings, campuses, cities, and renewable infrastructure. It offers a full set of new energy storage solutions for the generation, storage and utilization of electricity. It also provides energy storage and output management in power generation using electrochemical technology and renewable energy power generation technology to form a joint system structure. It provides energy storage systems that provide smart load management for power transmission and distribution. It provides a residential energy storage system, which is a lithium-ion battery combined with solar or wind power systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Management Meeting Requests: Selected companies are accepting one-on-one management meeting requests until March 10, providing investors with direct access to executives, thereby increasing transparency and efficiency in investment decision-making.
- Investor Interaction Platform: Virtual Investor Conferences (VIC) serves as a leading proprietary investor conference series, offering an interactive forum for publicly traded companies to present directly to investors, enhancing the investor experience and optimizing information dissemination.
- Global Investor Network: VIC connects a global network of retail and institutional investors through real-time engagement solutions, further strengthening relationships between companies and investors while increasing market focus on the clean energy sector.
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On-Demand Viewing of Clean Energy Investor Conference Presentations
- Conference Content Replay: Presentations from the March 5, 2026 Clean Energy & Renewables Virtual Investor Conference are now available for on-demand viewing for 90 days, enhancing investor understanding and engagement in the clean energy sector.
- Management Meeting Arrangements: Selected companies are accepting 1x1 management meeting requests until March 10, providing investors with direct communication opportunities with executives, thereby promoting transparency and efficiency in investment decisions.
- Investor Interaction Platform: Virtual Investor Conferences (VIC) serves as a leading investor conference series, offering an interactive platform for publicly traded companies to present directly to investors, enhancing investor engagement and information access.
- Global Investor Network: VIC connects a global network of retail and institutional investors through real-time engagement solutions, further driving investment opportunities and market attention in the clean energy industry.
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- Strategic Partnership Plans: The company plans to advance its 100 MW Redbird project in Texas and secure long-term offtake agreements with institutional counterparties, expecting to monetize up to 50% of project CapEx through federal investment tax credits, thereby enhancing financial flexibility.
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- Project Advancement: The company announced formal approval for its Redbird project in Texas, which plans to build a 100 MW / 400 MWh battery energy storage system, marking a significant step in its renewable energy strategy.
- Acquisition and Financing: Bimergen completed the acquisition of approximately 80 MW of late-stage distributed battery energy storage projects from Aggreko and executed simultaneous financing agreements, further expanding its influence in the ERCOT South market.
- Strategic Partnerships: The company established long-term contracts with financial partners to guarantee minimum revenues and share upside revenue, creating a sustainable dual revenue model that enhances its market competitiveness and financial stability.
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- Conference Replay: Presentations from the March 5, 2026 Clean Energy & Renewables Virtual Investor Conference are now available for on-demand viewing for 90 days, enhancing investor engagement and understanding of participating companies.
- Management Meeting Requests: Selected companies are accepting one-on-one management meeting requests until March 10, providing investors with direct access to executives, thereby increasing transparency and efficiency in investment decision-making.
- Investor Interaction Platform: Virtual Investor Conferences (VIC) serves as a leading proprietary investor conference series, offering an interactive forum for publicly traded companies to present directly to investors, enhancing the investor experience and optimizing information dissemination.
- Global Investor Network: VIC connects a global network of retail and institutional investors through real-time engagement solutions, further strengthening relationships between companies and investors while increasing market focus on the clean energy sector.
See More
On-Demand Viewing of Clean Energy Investor Conference Presentations
- Conference Content Replay: Presentations from the March 5, 2026 Clean Energy & Renewables Virtual Investor Conference are now available for on-demand viewing for 90 days, enhancing investor understanding and engagement in the clean energy sector.
- Management Meeting Arrangements: Selected companies are accepting 1x1 management meeting requests until March 10, providing investors with direct communication opportunities with executives, thereby promoting transparency and efficiency in investment decisions.
- Investor Interaction Platform: Virtual Investor Conferences (VIC) serves as a leading investor conference series, offering an interactive platform for publicly traded companies to present directly to investors, enhancing investor engagement and information access.
- Global Investor Network: VIC connects a global network of retail and institutional investors through real-time engagement solutions, further driving investment opportunities and market attention in the clean energy industry.
See More
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- Project Development Progress: Bimergen Energy currently controls 23 development-stage battery energy storage system projects totaling approximately 2.0 GW across key U.S. power markets, aimed at meeting surging electricity demand and enhancing its competitive position.
- Strategic Partnership Plans: The company plans to advance its 100 MW Redbird project in Texas and secure long-term offtake agreements with institutional counterparties, expecting to monetize up to 50% of project CapEx through federal investment tax credits, thereby enhancing financial flexibility.
- Revenue Expectations: Bimergen anticipates annual revenues of up to $400 million from its current development pipeline once completed, reflecting strong industry tailwinds from electrification and renewable integration, indicating significant future growth potential.
- Webinar Arrangement: The investor webinar is scheduled for March 10, 2026, featuring Bimergen's co-CEOs and Executive Chairman sharing insights on company strategy and project progress, with a Q&A session allowing participants to delve deeper into the company's future plans.
See More
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- Successful Financing: Bimergen Energy raised $13.6 million in its public offering and uplisted to NYSE American, strengthening its capital base to support future project developments.
- Project Approval: The company announced that its 100 MW / 400 MWh Redbird project in Texas has been formally approved, marking a significant advancement in its collaboration with Eos Energy Enterprises on zinc-based battery technology, which is expected to enhance its market competitiveness.
- Acquisition and Financing: Bimergen completed the acquisition of approximately 80 MW of late-stage distributed battery energy storage projects from Aggreko and executed simultaneous financing agreements, further expanding its market share in ERCOT South.
- Strategic Capital Commitments: The company announced $250 million in strategic capital commitments for project financing, ensuring a sustainable revenue model and securing minimum revenues through long-term contracts with financial partners.
See More
Bimergen Energy to Present at Clean Energy Conference
- Successful Financing: Bimergen Energy raised $13.6 million in its public offering and uplisted to the NYSE American, strengthening its capital base to support future project developments.
- Project Advancement: The company announced formal approval for its Redbird project in Texas, which plans to build a 100 MW / 400 MWh battery energy storage system, marking a significant step in its renewable energy strategy.
- Acquisition and Financing: Bimergen completed the acquisition of approximately 80 MW of late-stage distributed battery energy storage projects from Aggreko and executed simultaneous financing agreements, further expanding its influence in the ERCOT South market.
- Strategic Partnerships: The company established long-term contracts with financial partners to guarantee minimum revenues and share upside revenue, creating a sustainable dual revenue model that enhances its market competitiveness and financial stability.
See More
Clean Energy Virtual Investor Conference Scheduled for March 5th
- Agenda Announcement: Virtual Investor Conferences has announced the Clean Energy & Renewables Virtual Investor Conference scheduled for March 5th, inviting both individual and institutional investors to engage with innovative companies in the sector.
- Easy Participation: Investors can register for free and run a system check to expedite participation and receive event updates, while also scheduling one-on-one meetings with management to enhance investor engagement.
- Diverse Company Participation: The conference will feature strategies from multiple companies, including Bimergen Energy Corporation, Hillcrest Energy Technologies Ltd., and P2 Solar, Inc., providing investors with direct communication opportunities with these firms.
- Industry Impact: Hosted by OTC Markets Group, the event aims to create an interactive platform for investors, fostering investment and innovation in the clean energy sector and driving industry growth.
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