Bimergen Drops Redbird and Wildfire From Ready-to-Build List
The developer still lists about 3.6 gigawatts of alternating-current capacity and now names CAISO among the ISO regions serving that pipeline.
Bimergen Energy Corporation (BESS) no longer describes its Redbird and Wildfire battery projects as the most advanced in the portfolio and ready to move into financing and construction, a statement it had made in the immediately preceding quarterly discussion.
The renewable energy project developer is negotiating grid interconnection agreements, registering projects for market participation, and coordinating with independent system operators on dispatch and grid-service requirements. It is also pursuing project-level debt and equity financing to fund construction or operationalization of the development projects. Upon securing financing, for which the company said there can be no assurance, it intends to execute binding agreements with key counterparties, begin site preparation, and start construction.
The company still does not enter binding contracts for site control, equipment procurement, or construction until project-specific financing is obtained, so as not to create liabilities before that financing is secured. Next steps it listed include executing contracts with key counterparties, purchasing equipment, and initiating construction.
That withdrawal of the ready-to-build language is the quarter’s clearest change in how Bimergen describes its pipeline. In the three months ended March 31, 2026, the company had said Redbird and Wildfire were currently the most advanced and ready to proceed to the financing and construction phases, and that it was actively pursuing project-level debt and equity financing for those projects. The June 2026 discussion drops those project names from that ready-to-build framing and instead describes the portfolio more generally as still in interconnection, market-registration, and financing negotiations.
The portfolio itself remains described at about 3.6 gigawatts of alternating-current power capacity across regions served by independent system operators. The June 2026 discussion names ERCOT, WECC, PJM, CAISO, and MISO. CAISO is a region the company did not list in the two prior quarterly discussions, which named ERCOT, WECC, PJM, and MISO.
Bimergen acquired the development-stage battery and solar projects from Emergen Energy LLC in April 2024, becoming owner of 23 development-stage utility-scale battery projects with an estimated cumulative storage capacity of 1.965 gigawatts and 13 development-stage solar projects with an anticipated cumulative generation capacity of 1.640 gigawatts, collectively the Development Projects. Its stated objective is to become a grid-balancing operator by developing, commercializing, and operating that portfolio.
The company secured rights to “Work Product” intangible assets from the Emergen transaction, including feasibility studies, production models, power-flow verification, permitting documentation, engineering designs, and equipment procurement plans. It is negotiating grid interconnection agreements, ensuring compliance with grid codes, registering projects for market participation, and coordinating with ISOs on dispatch, cybersecurity, and monitoring frameworks.
The current project pipeline consists of multiple battery initiatives with an estimated development timeline spanning eight to nine years. The company is actively pursuing project-level debt and equity financing to fund construction and/or operationalization of the development projects.
The company is in talks with a number of investment banks to secure offtake agreements for its projects and has not entered into any offtake agreements to date. If it is not successful in obtaining favorable terms, it will operate the projects by selling merchant power and use a third-party scheduling entity.
The company executed an agreement with Energy Independent Partners, a Delaware limited liability company controlled by Cole Johnson, the company’s co-CEO, President and Director, for pre-construction and pre-operational services, including assistance with qualifying the Development Projects for financing, achieving RTB status, and marketing the projects to a third party if desired. Fees for those services are $0.035 per watt of capacity.
Bimergen does not have in-house personnel to construct the projects and anticipates hiring third parties to manage construction while it manages and negotiates the purchase of key components, most importantly the batteries.
The company will not enter binding contracts related to site control, equipment procurement, or construction until project-specific financing is secured, and the next steps for these projects will include executing contracts with key counterparties, purchasing equipment, and initiating the construction process.