Bimergen Awards Construction Contract for 40 MW / 80 MWh Texas Battery Energy Storage System to TruGrid
MWN-AI** Summary
Bimergen Energy Corporation (NYSE American: BESS, BESS.WS), a leading developer of battery energy storage systems (BESS), has awarded a significant construction contract to TruGrid for a 40 MW / 80 MWh energy storage project in Texas. This announcement, made on March 19, 2026, includes multiple sites across Port Lavaca, Corpus Christi, Victoria, and McAllen. The contract follows Bimergen's recent acquisition of eight late-stage distributed generation projects strategically located in the ERCOT South region of Texas.
The partnership with TruGrid, a recognized EPC (engineering, procurement, and construction) provider, aims to efficiently bring these projects to fruition while enhancing grid resilience in the region. Cole Johnson, Co-CEO of Bimergen Energy, emphasized the importance of such collaborations in driving projects to operational status swiftly, thus generating value for shareholders. Co-CEO Bob Brilion echoed this sentiment, highlighting the discipline and industry relationships that have facilitated the transition of development assets into operational ones.
TruGrid is tasked with comprehensive engineering activities and the construction needed for the project, focusing on delivering high-quality results that guarantee timely and budget-friendly completion. Chris Finley, TruGrid's Chief Commercial Officer, noted that Bimergen’s selection of TruGrid is a testament to their reliability as a project delivery partner, underscoring their commitment to strengthening Texas's energy infrastructure.
Bimergen is also actively working on advancing a development pipeline of 2 GWh in additional BESS projects, which is projected to generate approximately $150 million in revenue. This aligns with the company's strategic goal of achieving $300 to $400 million in annual energy arbitrage revenue over the next few years. For further details, visit Bimergen's official website.
MWN-AI** Analysis
Bimergen Energy Corporation’s recent announcement regarding the awarding of a construction contract for a 40 MW / 80 MWh Battery Energy Storage System (BESS) project in Texas is a significant momentum booster for the company. This development comes on the heels of Bimergen's acquisition of several late-stage distributed generation projects, showcasing its aggressive growth strategy and commitment to enhancing energy storage capabilities in key markets.
Investors should view this development favorably, as the collaboration with TruGrid—an established EPC provider—highlights Bimergen’s emphasis on operational efficiency and project execution certainty. TruGrid's track record in delivering projects on time and within budget not only mitigates execution risks but also underlines Bimergen's strategic alignment with reliable partners, which is critical in the competitive energy sector.
The projected pipeline of an additional 2 GWh in BESS projects could potentially translate into $150 million in revenue from project development. Given the growing emphasis on energy storage solutions to bolster grid reliability and facilitate renewable energy integration, Bimergen is positioned to capitalize on market trends. The company's goal of achieving $300 to $400 million in annual energy arbitrage revenue in the coming years underscores its growth potential and the increasing value of energy storage technologies.
However, investors should remain cognizant of the inherent risks highlighted in the company’s forward-looking statements. Market fluctuations, regulatory changes, and technological advancements could impact projected outcomes. It is advisable for potential investors to perform thorough due diligence, considering both the strengths laid out in Bimergen’s strategy and the external challenges that could influence performance. Overall, Bimergen Energy Corporation presents a compelling opportunity within the evolving landscape of energy storage, provided investors remain wary of the associated risks.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Newport Beach, CA, March 19, 2026 (GLOBE NEWSWIRE) -- Bimergen Energy Corporation (NYSE American: BESS, BESS.WS), a developer, owner, and operator of utility-scale and distributed battery energy storage systems (BESS) across the United States, today announced the Company has awarded the construction contract to TruGrid, a leading energy storage and solar company that provides engineering, procurement, and construction (EPC) as well as operations and maintenance (O&M) services.
The Texas-based projects include projects in Port Lavaca, Corpus Christi, Victoria, and McAllen, totaling 40 megawatts (MW) / 80 megawatt hours (MWh). Bimergen acquired 8 late-stage 9.9 MW distributed generation (DG) battery energy storage projects strategically positioned in the ERCOT South region of Texas.
“By partnering with experienced EPC providers like TruGrid, we can bring these projects online efficiently while delivering forward-looking solutions that strengthen the grids and create lasting value.” said Cole Johnson, Bimergen Energy Co-CEO.
“Securing this contract soon after the acquisition reflects our team’s disciplined execution, industry connections, and clear focus on advancing development assets into operating assets, thus delivering meaningful value for our shareholders,” added Bob Brilion, Co-CEO of Bimergen Energy.
TruGrid’s scope of work includes all engineering activities, as well as civil, structural, and electrical construction.
“Being selected by Bimergen for these projects reflects the importance of partnering with an EPC provider that delivers true bankability and certainty of execution,” said Chris Finley, TruGrid Chief Commercial Officer. “At TruGrid, our focus is on consistent, best-in-class project delivery that brings projects online safely, on time, and on budget. These assets are critical to strengthening grid reliability and flexibility across Texas, and our team is committed to executing at a level that gives our partners and stakeholders full confidence in the outcome.”
For more information about TruGrid, please visit www.trugridpower.com
Bimergen is advancing a robust development pipeline of an additional 2 GWh in BESS projects, representing approximately $150 million in revenue from project development. These projects underpin the company’s strategic goal of achieving $300 to $400 million in annual energy arbitrage revenue within the next three to four years.
About Bimergen Energy Corporation
Bimergen Energy Corporation (NYSE American: BESS, 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.
For more information about Bimergen Energy, please visit www.bimergen.com.
Forward Looking Statements
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,” "will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. 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. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. 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.
Media Contact:
Dave Gentry
RedChip Companies Inc.
1-407-644-4256 | 1-800-REDCHIP (733-2447)
BESS@redchip.com
FAQ**
How does Bimergen Energy BESS.WS plan to leverage the recent construction contract with TruGrid to enhance its operational efficiency and profitability in the competitive U.S. energy market by 2026?
What strategies does Bimergen Energy BESS.WS have in place to mitigate risks associated with the development of their additional 2 GWh BESS projects amid fluctuating market conditions?
In what ways does Bimergen Energy BESS.WS anticipate that their partnership with TruGrid will strengthen their grid reliability and energy solutions across Texas in the coming years?
How does Bimergen Energy BESS.WS intend to achieve its target of $300 to $400 million in annual energy arbitrage revenue, and what milestones are critical to realize this goal?
**MWN-AI FAQ is based on asking OpenAI questions about Spine Injury Solutions Inc (OTC: SPIN).
NASDAQ: SPIN
SPIN Trading
3.91% G/L:
$0.1195 Last:
48,061 Volume:
$0.119 Open:
