• Bimergen Energy’s Emergen unit contributed 100% stakes in three battery energy storage project companies to Cerberus-affiliated FPU-BEC Development Topco on May 21, 2026.
• Consideration includes 75 Class B Units representing 7.5% of the JV company, with a USD 1.18 million reimbursement due within 10 business days.
• Closing completed for two projects; the third is expected within 15 business days, or Emergen must fund an equivalent capital contribution.
• Separate joint development deal targets ERCOT four-hour-plus storage projects, with up to about USD 5.69 million in development and milestone payments.
• Emergen also agreed to acquire one project company for about USD 643,500, payable in milestone-based installments.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bimergen Energy Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-025562), on May 28, 2026, and is solely responsible for the information contained therein.