Bimergen Energy (BESS) Corporate presentation summary

Business model and project portfolio

• Operates as owner, developer, and operator of utility-scale battery energy storage system (BESS) projects, with 23 projects totaling approximately 2 GW in the pipeline across ERCOT, PJM, MISO, and WECC regions.

• Secures contracted revenue through offtake and tolling agreements, providing a revenue floor and upside potential.

• Project financing is fully covered by project-level debt and equity, minimizing corporate cash commitments and leveraging up to $250M in committed capital.

• Monetizes up to 50% of project CapEx through ITC sales, supported by strategic partnerships.

• Recent developments include project sales, new supplier agreements, EPC contract awards, acquisitions, and successful capital raises.

Financial structure and performance

• Each project is financed on its own assets and operations, with non-recourse to the parent company.

• Typical 100MW project capital stack includes up to $125M in financing, with up to 50% of CapEx offset by tax credits.

• Recent public offering raised $13.6M, strengthening the balance sheet for continued growth.

• As of 3/31/2026, total assets stand at $35M, with $11M in cash and no debt.

• Post-offering, 7.1M common shares are outstanding, with additional warrants and options.

Strategic partnerships and market positioning

• Maintains key relationships with tier-one suppliers, EPCs, utilities, and offtake partners to ensure execution and scalability.

• Partners include ReiyEZ, EOS, Gotion, and Cox, providing technology, manufacturing, and capital support.

• Tolling and hedge agreements with institutional traders like Goldman Sachs guarantee minimum revenue and share upside.

• Strategic equity and JV capital accelerate project deployment and expand the pipeline.