{"success":true,"data":{"pressRelease":{"id":"120229","rtpr_id":"nGNX6QZnxJ","ticker":"BESS","exchange":"NYSE American","all_tickers":["BESS"],"title":"Bimergen Energy Reports Q2 Earnings With $7.9 Million Revenues","author":"Globe Newswire","published_at":"2026-08-17T10:30:00.138Z","article_body":"Bimergen achieves $3.9 million Adjusted EBITDA for Q2 2026 ended June 30, 2026\n\nNEWPORT BEACH, CA, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Bimergen Energy\nCorporation (NYSE American: BESS) (“Bimergen”), a U.S. energy\ninfrastructure developer and operator, announces that it has reported $7.9\nmillion in revenues for the second calendar quarter of 2026 with net income\nreported of $1.6 million or $0.22 per share and adjusted EBITDA of $3.9\nmillion.\n\nBimergen has received $11 million in cash to date related to these recorded\nrevenues for Q2 2026, with an additional $2.6 million to be recorded in Q3\n2026 related to the third project, which closed on July 15, 2026. The Company\nwill also receive an additional $2.5 million payment upon the joint venture\nachieving the notice to proceed (NTP) milestone toward advancing the projects\nto operation.\n\nAdditional consideration from the transactions announced during the quarter\nincludes a 7.5% equity stake in the three projects, which the Company expects\nto provide meaningful long-term value as the projects advance toward\noperation. The Company has only recorded $500,000 as a provisional amount in\nQ2 but expects the conservative appraised fair market value of this 7.5%\nequity stake to be significantly higher.\n\nOnce operational, the battery energy storage projects are expected to generate\nrevenue and gross profit primarily by purchasing power during lower-priced\nperiods and selling power back to the grid during higher-priced periods.\n\n“This last quarter marks an important milestone for Bimergen as we continue\nto execute our strategy,\" said Bob Brilon, Co-CEO of Bimergen Energy. “We\nhave received $11 million in cash for our efforts to date, have a $2.5 million\nin accounts receivable, and while retaining ownership.\n\nBuilding through strategic partnerships and financial institutions is a core\npart of our strategy,” said Cole W. Johnson, Co-CEO of Bimergen Energy.\n“We are focused on advancing high-quality battery energy storage projects\nthrough these relationships while preserving meaningful long-term upside for\nour shareholders.\n\nAbout Bimergen Energy Corporation\n\nBimergen Energy Corporation (NYSE American: BESS) is a U.S.-based renewable\nenergy developer, asset owner and operator focused on utility-scale battery\nenergy storage system (BESS) projects. The operating revenue generation comes\nfrom buying energy at lower off-peak prices and selling them back to the same\ngrid at higher peak prices. Bimergen develops and operates infrastructure\ndesigned to enhance grid stability and support the integration of renewable\ngeneration across key U.S. markets, maintaining a diversified pipeline and\npartnering with institutional capital providers to advance projects through\nconstruction and long-term operation. Learn more at www.Bimergen.com.\n\nForward Looking Statements\n\nThis press release contains “forward-looking statements” that are subject\nto substantial risks and uncertainties. All statements, other than statements\nof historical fact, contained in this press release are forward-looking\nstatements. Forward-looking statements contained in this press release may be\nidentified by the use of words such as “anticipate,” “believe,”\n“contemplate,” “could,” “estimate,” “expect,” “intend,”\n“seek,” “may,” “might,” “plan,” “potential,”\n“predict,” “project,” “target,” “aim,” “should,” \"will”\n“would,” or the negative of these words or other similar expressions,\nalthough not all forward-looking statements contain these words.\nForward-looking statements are based on Bimergen Energy Corporation’s\ncurrent expectations and are subject to inherent uncertainties, risks and\nassumptions that are difficult to predict. Further, certain forward-looking\nstatements are based on assumptions as to future events that may not prove to\nbe accurate. These and other risks and uncertainties are described more fully\nin the section titled “Risk Factors” in the final prospectus related to\nthe public offering filed with the Securities and Exchange Commission.\nForward-looking statements contained in this announcement are made as of this\ndate, and Bimergen Energy Corporation undertakes no duty to update such\ninformation except as required under applicable law.\n\nContact:\nRedChip Companies Inc.\n1-407-644-4256 | 1-800-REDCHIP (733-2447)\nBESS@redchip.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/b7f26938-be43-4cc4-97a9-9834329f5fc4)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX6QZnxJ","title":"Bimergen Energy Reports Q2 Earnings With $7.9 Million Revenues","author":"Globe Newswire","ticker":"BESS","created":"2026-08-17T10:30:00.138Z","tickers":["BESS"],"exchange":"NYSE American","article_body":"Bimergen achieves $3.9 million Adjusted EBITDA for Q2 2026 ended June 30, 2026\n\nNEWPORT BEACH, CA, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Bimergen Energy\nCorporation (NYSE American: BESS) (“Bimergen”), a U.S. energy\ninfrastructure developer and operator, announces that it has reported $7.9\nmillion in revenues for the second calendar quarter of 2026 with net income\nreported of $1.6 million or $0.22 per share and adjusted EBITDA of $3.9\nmillion.\n\nBimergen has received $11 million in cash to date related to these recorded\nrevenues for Q2 2026, with an additional $2.6 million to be recorded in Q3\n2026 related to the third project, which closed on July 15, 2026. The Company\nwill also receive an additional $2.5 million payment upon the joint venture\nachieving the notice to proceed (NTP) milestone toward advancing the projects\nto operation.\n\nAdditional consideration from the transactions announced during the quarter\nincludes a 7.5% equity stake in the three projects, which the Company expects\nto provide meaningful long-term value as the projects advance toward\noperation. The Company has only recorded $500,000 as a provisional amount in\nQ2 but expects the conservative appraised fair market value of this 7.5%\nequity stake to be significantly higher.\n\nOnce operational, the battery energy storage projects are expected to generate\nrevenue and gross profit primarily by purchasing power during lower-priced\nperiods and selling power back to the grid during higher-priced periods.\n\n“This last quarter marks an important milestone for Bimergen as we continue\nto execute our strategy,\" said Bob Brilon, Co-CEO of Bimergen Energy. “We\nhave received $11 million in cash for our efforts to date, have a $2.5 million\nin accounts receivable, and while retaining ownership.\n\nBuilding through strategic partnerships and financial institutions is a core\npart of our strategy,” said Cole W. Johnson, Co-CEO of Bimergen Energy.\n“We are focused on advancing high-quality battery energy storage projects\nthrough these relationships while preserving meaningful long-term upside for\nour shareholders.\n\nAbout Bimergen Energy Corporation\n\nBimergen Energy Corporation (NYSE American: BESS) is a U.S.-based renewable\nenergy developer, asset owner and operator focused on utility-scale battery\nenergy storage system (BESS) projects. The operating revenue generation comes\nfrom buying energy at lower off-peak prices and selling them back to the same\ngrid at higher peak prices. Bimergen develops and operates infrastructure\ndesigned to enhance grid stability and support the integration of renewable\ngeneration across key U.S. markets, maintaining a diversified pipeline and\npartnering with institutional capital providers to advance projects through\nconstruction and long-term operation. Learn more at www.Bimergen.com.\n\nForward Looking Statements\n\nThis press release contains “forward-looking statements” that are subject\nto substantial risks and uncertainties. All statements, other than statements\nof historical fact, contained in this press release are forward-looking\nstatements. Forward-looking statements contained in this press release may be\nidentified by the use of words such as “anticipate,” “believe,”\n“contemplate,” “could,” “estimate,” “expect,” “intend,”\n“seek,” “may,” “might,” “plan,” “potential,”\n“predict,” “project,” “target,” “aim,” “should,” \"will”\n“would,” or the negative of these words or other similar expressions,\nalthough not all forward-looking statements contain these words.\nForward-looking statements are based on Bimergen Energy Corporation’s\ncurrent expectations and are subject to inherent uncertainties, risks and\nassumptions that are difficult to predict. Further, certain forward-looking\nstatements are based on assumptions as to future events that may not prove to\nbe accurate. These and other risks and uncertainties are described more fully\nin the section titled “Risk Factors” in the final prospectus related to\nthe public offering filed with the Securities and Exchange Commission.\nForward-looking statements contained in this announcement are made as of this\ndate, and Bimergen Energy Corporation undertakes no duty to update such\ninformation except as required under applicable law.\n\nContact:\nRedChip Companies Inc.\n1-407-644-4256 | 1-800-REDCHIP (733-2447)\nBESS@redchip.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/b7f26938-be43-4cc4-97a9-9834329f5fc4)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-08-17T10:30:00.177580598Z","server_sent_at_ms":1786962600177},"received_at":"2026-08-17T10:30:00.269Z","source_url":"https://www.globenewswire.com/news-release/2026/08/17/3345920/0/en/bimergen-energy-reports-q2-earnings-with-7-9-million-revenues.html"},"analysis":{"id":"109215","press_release_id":"120229","analysis_json":{"industry":{"label":"Independent Power and Renewable Electricity Producers","sector":"Utilities"},"redFlags":[],"eventType":"earnings","narrative":"Bimergen Energy reported Q2 2026 revenues of $7.9 million with net income of $1.6 million, or $0.22 per share, and adjusted EBITDA of $3.9 million.\n\nThe company has collected $11 million in cash related to Q2 revenues and expects an additional $2.5 million payment upon the joint venture achieving a notice-to-proceed milestone. Bimergen also holds a 7.5% equity stake in the three projects, which it expects to provide significant long-term value.\n\nCo-CEOs Bob Brilon and Cole W. Johnson highlighted the milestone, noting the execution of strategy through strategic partnerships while preserving long-term upside for shareholders.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"BESS turns profitable in Q2 with $7.9M revenue and $3.9M Adjusted EBITDA."},"keyFigures":{"eps":"$0.22","revenue":"$7.9 million","customDimensions":{"net_income":"$1.6 million","adjusted_ebitda":"$3.9 million","cash_received_q2":"$11 million","ntp_milestone_payment":"$2.5 million"}},"quotedText":"This last quarter marks an important milestone for Bimergen as we continue to execute our strategy","namedEntities":{"people":[{"name":"Bob Brilon","role":"Co-CEO"},{"name":"Cole W. 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Bimergen also holds a 7.5% equity stake in the three projects, which it expects to provide significant long-term value.\n\nCo-CEOs Bob Brilon and Cole W. Johnson highlighted the milestone, noting the execution of strategy through strategic partnerships while preserving long-term upside for shareholders.","key_figures":{"eps":"$0.22","revenue":"$7.9 million","customDimensions":{"net_income":"$1.6 million","adjusted_ebitda":"$3.9 million","cash_received_q2":"$11 million","ntp_milestone_payment":"$2.5 million"}},"named_entities":{"people":[{"name":"Bob Brilon","role":"Co-CEO"},{"name":"Cole W. 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