Key Takeaways
- Bimergen Energy reported $7.9 million in Q2 2026 revenue and $3.9 million in Adjusted EBITDA, with net income of $1.6 million, or $0.22 per share.
- The company retains a 7.5% equity stake in three battery energy storage projects totaling 480 MWh, including the 100 MW/400 MWh Redbird BESS project outside Houston.
- Co-CEO Bob Brilon said Bimergen Energy has received $11 million in cash to date and holds $2.5 million in accounts receivable.
- A third project in the portfolio closed on July 15, and the company expects $2.6 million in additional Q3 2026 revenue tied to it.
- The projects, developed with counterparty FPU-BEC Development Topco, LLC, generate revenue through an energy arbitrage strategy using Eos Energy long-duration battery technology.
Bimergen Energy Reports Q2 2026 Revenue of $7.9 Million
Bimergen Energy reported $7.9 million in revenue and $3.9 million in Adjusted EBITDA for the second quarter of 2026, ended June 30. The company posted net income of $1.6 million, or $0.22 per share, for the quarter.
“We have received $11 million in cash for our efforts to date, have a $2.5 million in accounts receivable,” said Bob Brilon, Co-Chief Executive Officer of Bimergen Energy.
Battery Storage Portfolio Reaches 480 MWh
Bimergen Energy retains a 7.5% equity stake in three battery energy storage projects totaling 480 MWh of long-duration storage capacity, developed with counterparty FPU-BEC Development Topco, LLC, an entity affiliated with Cerberus Capital Management and Frontier Power & Utilities. The portfolio includes the 100 MW/400 MWh Bimergen Redbird BESS project outside Houston and a pair of 40 MWh projects known as the “Two Texas 10s.” The projects, expected to use Eos Energy Enterprises’ Z3 long-duration battery technology, generate revenue through an arbitrage strategy, purchasing power during low-price periods and selling it during peak pricing. The company recorded a provisional equity valuation of $500,000 tied to the stake, which it said it considers conservative.
Third Project Closes, Adding to Q3 Outlook
A third project in the portfolio closed on July 15. Bimergen Energy said it expects an additional $2.6 million in revenue in the third quarter of 2026 tied to that project, along with a $2.5 million contingent milestone payment once a related joint venture reaches notice to proceed. In May 2026, the company selected SMA as inverter supplier for an 80 MW component of its ERCOT portfolio.
Bimergen Energy’s Arbitrage Strategy Drives Returns
“Building through strategic partnerships and financial institutions is a core part of our strategy,” said Cole W. Johnson, Co-Chief Executive Officer of Bimergen Energy. The company is headquartered in Newport Beach, California, and trades on NYSE American under the ticker BESS.
