Bimergen Energy (BESS) investor relations material

Strategic platform evolution and project pipeline

• Focus on utility-scale battery energy storage, with 30 projects totaling 2 GW in development across multiple U.S. markets.

• Growth strategy emphasizes project financing, construction advancement, and long-term offtake agreements for stable revenue.

• Business model involves acquiring projects through financial engineering, retaining ownership, and monetizing development value.

• Joint ventures and partnerships are used to minimize upfront capital outlay and maximize retained interests.

• Recent uplisting to NYSE American increased credibility and attracted new development partners.

Project economics, financing, and revenue streams

• Typical 100 MW project costs $125 million and is financed primarily through a mix of strategic and long-term debt.

• Up to 50% investment tax credit is monetized immediately upon grid connection, often via tax equity partners.

• Annual revenue potential from the current pipeline is estimated at $400 million, with $20 million per 100 MW.

• Development fees per project range from $5 million to $8 million, with additional value from retained ownership stakes.

• EBITDA margins for late-stage Texas projects are projected at around 50%, with $8 million EBITDA from $16 million revenue.

Partnerships, joint ventures, and retained interests

• Joint ventures with institutional partners like Cerberus and Frontier Power USA validate project quality and enable scaling.

• Recent Redbird transaction yielded $5 million in development fees and a 7.5% retained interest, expected to generate $750,000–$1 million annually.

• Retained interests are provisionally valued and will be adjusted based on discounted cash flow analyses.

• Projects are structured in silos, with assets and debt consolidated upon operational status.

• Technology flexibility and FEOC compliance are prioritized to maximize investment tax credits and project economics.