Bimergen Energy Corp. Expands Battery Storage Footprint and Pursues Exchange Upgrade

Bimergen Energy Corp. (OTCQB: BESS) announced a series of corporate actions on December 5 2025 that reinforce its position in the utility‑scale battery energy storage (BESS) market and broaden its capital base.

Exchange Upgrade

The company confirmed its intent to list on the NYSE American Stock Exchange. The uplist is part of a broader strategy to increase liquidity and visibility among institutional investors.

Leadership Change

Bimergen appointed Cole Johnson and Robert Brilon as Co‑Chief Executive Officers. The dual‑CEO structure is intended to combine operational expertise with strategic development capabilities.

Capital Commitments

  • $200 million equity commitment: The company secured a sizable equity infusion to support the development of new battery storage projects across the United States.
  • $50 million financing: In addition to the equity pledge, Bimergen closed a $50 million financing tranche dedicated to project development, enabling accelerated construction and deployment of storage assets.

Shareholder Value Enhancement

Bimergen announced the cancellation of 25.1 % of its outstanding shares. Share buy‑backs are expected to improve earnings per share and signal confidence in the company’s long‑term valuation.

Market Context

Bimergen’s announcements occur amid a rapidly expanding U.S. battery storage sector. Recent industry developments include:

  • Solar‑dominant capacity growth: Solar power has driven the majority of new U.S. generating capacity, underscoring the need for complementary storage solutions.
  • Large‑scale BESS projects: Projects such as the 200 MW/800 MWh Greenwater BESS in Washington state and the 500 MW BESS at Coalburn, Scotland, illustrate the scale of investment required for grid‑scale storage.
  • Regulatory support: Brazil’s new legal framework and other international initiatives are creating a favorable environment for battery storage deployment worldwide.

Financial Position

As of December 3 2025, Bimergen’s closing share price was $9.56. The company’s market capitalization stood at approximately $36.98 million USD. Historically, the stock has experienced significant volatility, with a 52‑week high of $11.27 (March 27 2025) and a low of $0.07 (February 6 2025).

These developments position Bimergen Energy Corp. to capitalize on the growing demand for utility‑scale battery storage, while strengthening its capital structure and governance through leadership realignment and a strategic exchange upgrade.