Bimergen Energy Corporation (BESS) is a development-stage renewable energy project developer focused on Battery Energy Storage System (BESS) and solar projects. The company acquired Emergen Energy LLC in April 2024, gaining 23 utility-scale BESS projects with an estimated 1.965 GW capacity and 13 solar projects with an anticipated 1.640 GW capacity. As of December 31, 2025, the company had not commenced commercial operations and generated no revenue. Net loss for 2025 increased to $5.0 million, up from $2.8 million in 2024, primarily due to increased general and administrative expenses related to Emergen operations and higher stock compensation. Working capital decreased significantly to negative $4.5 million in 2025 from negative $0.8 million in 2024. A joint venture with RelyEZ Energy Group was formed in April 2025 to develop up to 2 GW of BESS projects, with RelyEZ committing up to $50 million, including an initial $10 million funding. The company received $3.564 million from GridSpan as an advance payment for future project conveyance, recorded as deferred revenue. A public offering closed on February 23, 2026, raising approximately $13.6 million in gross proceeds to fund BESS project development and working capital. Material weaknesses in internal control over financial reporting were identified, including inadequate segregation of duties and insufficient GAAP knowledge.