EdgeMode enters Spain BESS joint venture with Ibersun Generación, takes 51% stake

EDGEMODE INC

EDGEMODE INC

EDGM

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  • EdgeMode signed a non-binding deal to buy 51% of Ibersun Generación to form a Spain-focused utility-scale battery storage joint venture.
  • The platform adds 52 MW of grid-connected projects, targeting ready-to-build status by end-2026; includes a 1.9 GW land pipeline near substations.
  • Full build-out targets about 2,900 MWh of storage; first projects expected to start operating within 18 months.
  • EdgeMode estimates an 80% annual recurring EBITDA margin at scale; targets about a six-year payback versus about 12 years for AI data centers.
  • Funding plan centers on recycling proceeds from selective monetization of its AI data center assets to limit equity dilution.


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. Edgemode Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606091310PRIMZONEFULLFEED9734223) on June 09, 2026, and is solely responsible for the information contained therein.

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