Post by RedChip Companies
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š Bimergen Energy (NYSE-A: BESS): 2 GW Battery Storage Pipeline, Project-Level Financing, and a Path to Profitability in 2026 Co-CEO Bob Brillin walked investors through the full model: 23 development projects, ~2 GW of planned capacity, and a capital structure built almost entirely on other people's money. Each 100 MW project costs ~$125M to build ā financed through mezzanine debt and bank debt at the project level, non-recourse to Bimergen. At commercial operation, up to 50% of CapEx comes back via ITC monetization, reducing the debt load to ~$65M against a $125M asset. Development fee revenue of $15ā20M is expected in 2026, against just $4M in corporate overhead. Management said it plainly: Bimergen expects to be profitable this year. š Watch Now:https://lnkd.in/eSFdpg7A Renewables Now Ltd Energy-Storage.news #BESS #EnergyStorage #BatteryStorage #ERCOT #GridInfrastructure #CleanEnergy #SmallCapStocks #Investing
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