Bimergen Energy Corp

Bimergen Energy Corp (BESS) News & Events

$2.995

+0.403 (+13.45%)At close

BESS News

BESS Events

10/26 07:00

Bimergen Energy Subsidiary Applies for Texas Retail Electric Provider Certificate

Bimergen Energy's wholly owned subsidiary Emergen Commodities has filed an application with the Public Utility Commission of Texas for an Option 2 Retail Electric Provider certificate. The application represents a step toward adding retail electricity capabilities to Bimergen's energy infrastructure business. Subject to regulatory approval and applicable market requirements, the certification would enable Bimergen, through Emergen Commodities, to supply electricity directly to qualifying data center customers in Texas, such as large data center customers. Texas' Option 2 certification provides a pathway to serve specifically identified customers contracting for at least 1 MW of capacity. Subject to regulatory approval and applicable market requirements, the certification would establish a foundation for Emergen Commodities to participate in this segment of the Texas retail electricity market. In parallel with the regulatory process, Bimergen is working with multiple counterparties to provide credit support for large data center loads.

9/28 07:00

Bimergen Energy Launches Open-Market Warrant Repurchase Program

Bimergen Energy announces that its Board of Directors has authorized an open-market warrant repurchase program to buyback any or all its publicly traded warrants. "We have not yet established brokerage accounts to execute the authorized warrant buyback," said Bob Brilon, Co-CEO of Bimergen Energy. "By the Board authorizing this open-market buyback program, we as management, can be ready to efficiently use our cash positions to reduce potential dilution, optimize our equity architecture, and build long-term value for our common stockholders as appropriate."

9/25 17:30

Bimergen Energy Files $100M Mixed Securities Shelf

Bimergen Energy files $100M mixed securities shelf

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