Bimergen Energy Corp. (BESS:NYSE)
Bimergen has a portfolio of 23 battery energy storage projects across the US, totaling 2.0 GW, many of which will become operational in the next 2-3 years.
The projects have strong economics driven by 60% investment tax credits, recurring energy arbitrage revenue, and development fees.
The Company has $8.9M in net cash compared to its market cap of $26.0M, translating to the stock trading at just 0.9x/0.3x 2027E/2028E EBITDA modelling only a fraction of its pipeline going into operations.
Investment Summary
Company Description
Bimergen is a U.S.-based independent power producer specializing in the development, ownership, and operation of standalone battery energy storage systems (BESS). Bimergen develops utility-scale and distributed storage projects designed to provide grid reliability, renewable integration, and flexible energy solutions. Bimergen manages the full project lifecycle, including site selection, permitting, engineering, procurement, construction, and operations.
Research
