Newport Beach, CA, May  06, 2026  (GLOBE NEWSWIRE) -- Bimergen Energy Corporation (NYSE:BESS, BESS.WS)), a developer, owner, and operator of utility-scale and distributed battery energy storage systems, today announced

BESS

Bimergen Energy Selects SMA as Inverter Supplier for 80 MW ERCOT BESS Portfolio

Bimergen Energy Acquires 80 MW BESS Projects in Texas

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  <section data-block="information">
    <h3>Information</h3>
    <p>Newport Beach, CA, May  06, 2026  (GLOBE NEWSWIRE) -- Bimergen Energy Corporation (NYSE:BESS, BESS.WS)), a developer, owner, and operator of utility-scale and distributed battery energy storage systems, today announced</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Bimergen Energy Corporation announced the acquisition of eight BESS projects totaling 80 MW in Texas. This strategic move enhances their capacity and positions the company favorably in the high-demand ERCOT market, potentially driving future revenue growth by meeting regional energy needs.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>BESS expands with eight 9.9 MW projects in Texas, totaling 80 MW.</li><li>SMA selected as inverter supplier, enhancing project financeability and supporting tax incentives.</li><li>Projects to boost grid stability and support renewable integration in ERCOT market.</li><li>Bimergen has an active pipeline of 2 GW of BESS projects nationwide.</li><li>Projects expected operational by Q4 2026 to Q1 2027.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Bimergen Energy Corporation (BESS)</strong>: Bimergen is expanding its BESS capabilities, enhancing its market position.</li><li><strong>SMA (N/A)</strong>: SMA&#039;s selection strengthens Bimergen&#039;s project financeability in compliance with regulations.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news falls under &#039;Corporate Developments&#039; as it signals strategic growth actions taken by Bimergen. The expansion into Texas reflects a tailored approach to meet regional energy demands while positioning BESS as a competitive player in the market.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The 80 MW expansion aligns with Texas&#039;s growing energy demand, likely boosting BESS&#039;s valuation.</li><li>Selection of SMA as a supplier supports project financeability amid favorable tax incentives.</li><li>Scheduled operation by Q4 2026 may catalyze market confidence in BESS&#039;s growth trajectory.</li><li>The active 2 GW pipeline signifies strong growth potential in the battery storage sector.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Bimergen acquired eight 9.9 MW projects in the ERCOT market.</li><li>Total capacity from projects adds up to approximately 80 MW.</li><li>Projects expected to be operational between Q4 2026 and Q1 2027.</li><li>Bimergen&#039;s pipeline includes around 2 GW of BESS projects nationwide.</li><li>SMA technology chosen to comply with FEOC requirements under the Inflation Reduction Act.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>BESS is likely to see positive momentum as projects advance in ERCOT by 2026.</p>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify"><strong>Newport Beach, CA, May  06, 2026  (GLOBE NEWSWIRE) -- </strong>Bimergen Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BESS">BESS</a>, BESS.WS)), a developer, owner, and operator of utility-scale and distributed battery energy storage systems, today announced the selection of SMA as the inverter supplier for eight recently acquired 9.9 MW BESS projects in the Electric Reliability Council of Texas (ERCOT) market. The portfolio represents approximately 80 MW of total energy storage capacity and marks a key step in the Company's continued expansion in one of the nation's most dynamic power markets.</p>  <p align="justify">Bimergen selected SMA's technology and supply chain to align with Foreign Entity of Concern (FEOC) requirements under the Inflation Reduction Act, supporting eligibility for applicable tax incentives and enhancing overall project financeability.</p>  <p align="justify">The Company utilized strategic capital partnerships and non-dilutive, project-level financing to fund the acquisitions and secure long-lead equipment while preserving shareholder value. The projects are expected to be put in service between the fourth quarter of 2026 and the first quarter of 2027.</p>  <p align="justify">"We are excited to advance these projects with SMA as a key technology partner," said Cole Johnson, Co-CEO of Bimergen Energy. "Selecting a proven, high-performance inverter solution is critical as we scale deployment across our ERCOT footprint. This milestone reflects strong execution and positions us to deliver reliable, grid-supporting storage capacity to meet Texas's growing energy demand."</p>  <p align="justify">"The selection of SMA represents another meaningful step in executing our ERCOT strategy," said Bob Brilon, Co-CEO of Bimergen Energy. "We remain focused on building a high-quality, scalable platform in key U.S. power markets, supported by strong partners and disciplined project development."</p>  <p align="justify">The 80 MW portfolio is expected to provide critical grid stability, support renewable integration, and deliver ancillary services within ERCOT. With these projects advancing toward construction and commissioning, Bimergen continues to strengthen its position as an independent owner and operator of utility-scale BESS in strategic U.S. markets.</p>  <p align="justify">This development adds to Bimergen's active pipeline of approximately 2 GW of BESS projects nationwide, underscoring the Company's disciplined approach to growth, technology selection, and execution.</p>  <p><b>About Bimergen Energy Corporation</b></p>  <p align="justify">Bimergen Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BESS">BESS</a>, BESSWS)) 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. Its portfolio spans multiple power markets across the United States.</p>  <p>For more information about Bimergen Energy, please visit <a href="https://www.globenewswire.com/Tracker?data=BeY1kH4GIOIo3JQxrikDlJJXVA-COj0osmTJIhYvTC6MtNFYcBGq1Ug5G9N8zomMnGVZlZ7zExCGUvvSNzfr54eGfE4BNbbpPgoOu6V7UyQ=" rel="nofollow" target="_blank"><b><u>www.bimergen.com</u></b></a>.</p>  <p><b>Forward-Looking Statements</b></p>  <p align="justify">This press release contains "forward-looking statements" that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," <b>"will," "would,"</b> or the negative of these words or other similar expressions, although not all forward-looking statements contain these words.</p>  <p align="justify">Forward-looking statements are based on Bimergen Energy Corporation's current expectations and are subject to inherent uncertainties, risks, and assumptions that are difficult to predict. These and other risks and uncertainties are described more fully in the section titled "Risk Factors" in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Bimergen Energy Corporation undertakes no duty to update such information except as required under applicable law.</p>  <p align="justify"><b>Media Contact:</b> <br></br><i>Dave Gentry</i><br></br>RedChip Companies Inc.<br></br>1-407-644-4256 &#x7C; 1-800-REDCHIP (733-2447)<br></br><a href="https://www.globenewswire.com/Tracker?data=sL36HiGUocvLJp_ZyeJKQLcLtuFyGI-6Qjmr_HWptd5cfooBHJ2sEtMKYaIm7KsMRC1ZW3T6Vo6YVTrO68YJpPBYQlw0J0mR3Yz1Fqi8X5Y=" rel="nofollow" target="_blank"><b>BESS@redchip.com</b></a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcxNDE4NiM3NTg2NDkwIzUwMDEwMjY3OA=="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/YjIwYmZhZTItMWNlZi00ZWEzLWFjNTYtYmM5Yjk5ZTBkOWZhLTUwMDEwMjY3OC0yMDI2LTA1LTA2LWVu/tiny/Bimergen-Energy-Corporation.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/b7f26938-be43-4cc4-97a9-9834329f5fc4"><img src="https://ml.globenewswire.com/media/b7f26938-be43-4cc4-97a9-9834329f5fc4/small/logo-png.png" border="0" width="150" height="92" alt="Primary Logo"></img></a></p>

Bimergen Energy Corporation announced the acquisition of eight BESS projects totaling 80 MW in Texas. This strategic move enhances their capacity and positions the company favorably in the high-demand ERCOT market, potentially driving future revenue growth by meeting regional energy needs.

Bimergen Energy Selects SMA as Inverter Supplier for 80 MW ERCOT BESS Portfolio

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Market-Moving

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Companies Mentioned

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