Bimergen Energy (BESS) Investor 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.

• Revenue structures are secured 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 ITC monetization.

• Strategic partnerships with tier-one suppliers, EPCs, utilities, and financial partners ensure execution, scalability, and supply chain security.

• Recent developments include project sales, acquisitions, and contract awards, expanding near-term development capacity and validating project value.

Financial performance and capital structure

• Reported Q2 2026 revenues of $7.9 million, net income of $1.6 million ($0.22 per share), and adjusted EBITDA of $3.9 million.

• Balance sheet as of June 30, 2026, shows $14.6 million in cash and current assets, $38 million in total assets, no debt, and $32 million in stockholders' equity.

• Raised $13.6 million in gross proceeds through a public offering in February 2026, strengthening the balance sheet.

• $250 million in strategic capital committed, including $10 million initially funded, supporting project development and construction.

• Capital structure includes common shares, pre-funded and tradeable warrants, and options, with 7.1 million common shares outstanding post-offering.

Market opportunity and industry drivers

• U.S. power demand is accelerating at a 3.5% CAGR, driven by data centers, EVs, and industrial automation.

• Renewables are projected to exceed 30% of U.S. power generation by 2025, increasing grid intermittency and the need for storage.

• U.S. BESS market expected to grow at a 24% CAGR through 2032, with GWh deployments up 79% in 2024 and 63% in 2025.

• Energy storage addresses grid instability and enables energy arbitrage, capturing surplus power during peak production and discharging during peak demand.

• Regulatory and policy support, including ITC monetization and grid modernization initiatives, further enhance market tailwinds.