Bimergen Energy (BESS) investor relations material

Strategic positioning and project pipeline

• Recently up-listed to NYSE American, raising $13.6 million to support growth and credibility.

• Owns, develops, and operates 23 utility-scale battery energy storage system (BESS) projects, totaling 2 GW, acquired in April 2024.

• Pipeline expected to last 4–5 years, with additional projects being sourced due to increased visibility post-listing.

• Targeting expansion to 4 GW and $800 million in revenue by 2027, doubling current pipeline and revenue goals.

• Projects are geographically diversified, with 11 in Texas to address grid imbalances from renewable energy.

Financial model and revenue generation

• Utilizes project-level financing: $125 million per project, with $25 million junior secured and $100 million permanent debt.

• Leverages ITC tax credits, recovering up to $60 million per project within a year of operation.

• Generates upfront development fees ($7–8 million per 100 MW project) and annual arbitrage revenues of $20 million per project.

• Expects $15–20 million in top-line revenue and profitability in year one, with operations scaling revenue to $20–40 million next year.

• Projects are siloed with no recourse to the parent, minimizing risk and ensuring each is self-financed.

Partnerships, operations, and risk management

• Strategic partnerships with battery manufacturers (RelyEZ, Eos, Gotion, Hithium) ensure supply and preferential treatment.

• Long-term offtake hedge agreements with firms like Goldman Sachs guarantee minimum revenue floors.

• Tenaska selected for daily energy trading to de-risk operations, leveraging their 60% market share.

• Battery agnostic approach allows flexibility in technology selection, focusing on proven, bank-approved chemistries.

• No anticipated battery supply issues due to strong supplier relationships and partners' U.S. manufacturing.