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Bimergen Energy raised $50M to expand battery storage, targeting 2 GW by 2027 with federal support and AI demand.
Bimergen Energy Corporation has secured $50 million in capital to expand its utility-scale battery storage projects, with $10 million already received.
The funding supports a joint venture to develop up to 2 gigawatts of projects by 2027, backed by federal tax credits and rising demand from AI data centers.
The mezzanine financing will help secure equipment and position the company for permanent debt.
Bimergen, an OTCQB-listed developer, owns about 2 GW of projects in late-stage development and is advancing its pipeline amid strong investor interest and supportive policies.
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Bimergen Energy recaudó $ 50M para expandir el almacenamiento de baterías, apuntando a 2 GW para 2027 con apoyo federal y demanda de IA.