Bimergen Energy Announces New Trading Symbol BESS Showing Commitment in the Battery Energy Storage Sector
Bimergen Energy (OTCQB: BESS) announced its new trading symbol 'BESS', reflecting its focus on Battery Energy Storage System projects. The company develops utility-scale BESS projects to purchase and store surplus energy during low-cost periods and resell during peak demand.
The company secures long-term energy offtake agreements with institutional partners for grid stability and revenue generation. The U.S. energy storage industry saw remarkable growth in 2024, deploying 8.7 GW, a 90% year-over-year increase.
Market projections indicate:
- Global storage capacity to expand 600% to nearly 1 terawatt by 2033
- U.S. BESS market to reach $31.36 billion by 2032
- Global BESS market potential of $120-150 billion by 2030
Growth drivers include reliable energy needs, regulatory support, microgrid development, EVs, rural electrification, and AI data centers.
Bimergen Energy (OTCQB: BESS) ha annunciato il suo nuovo simbolo di trading 'BESS', che riflette il suo focus sui progetti di Sistemi di Accumulo Energetico da Batteria. L'azienda sviluppa progetti BESS su scala utility per acquistare e immagazzinare energia in eccesso durante i periodi a basso costo e rivenderla durante i picchi di domanda.
L'azienda assicura contratti di fornitura energetica a lungo termine con partner istituzionali per garantire stabilità alla rete e generare entrate. L'industria dell'accumulo energetico negli Stati Uniti ha registrato una crescita notevole nel 2024, con 8,7 GW installati, un incremento del 90% rispetto all'anno precedente.
Le proiezioni di mercato indicano:
- La capacità globale di accumulo si espanderà del 600% fino a quasi 1 terawatt entro il 2033
- Il mercato BESS negli Stati Uniti raggiungerà i 31,36 miliardi di dollari entro il 2032
- Il potenziale del mercato globale BESS è stimato tra i 120 e i 150 miliardi di dollari entro il 2030
I fattori di crescita includono la necessità di energia affidabile, il supporto normativo, lo sviluppo di microreti, i veicoli elettrici, l'elettrificazione rurale e i centri dati AI.
Bimergen Energy (OTCQB: BESS) anunció su nuevo símbolo de negociación 'BESS', que refleja su enfoque en proyectos de Sistemas de Almacenamiento de Energía en Baterías. La empresa desarrolla proyectos de BESS a escala de servicios públicos para comprar y almacenar energía excedente durante períodos de bajo costo y revenderla durante picos de demanda.
La compañía asegura acuerdos de compra de energía a largo plazo con socios institucionales para la estabilidad de la red y la generación de ingresos. La industria de almacenamiento de energía en EE. UU. experimentó un crecimiento notable en 2024, desplegando 8.7 GW, un aumento del 90% en comparación con el año anterior.
Las proyecciones del mercado indican:
- La capacidad de almacenamiento global se expandirá un 600% hasta casi 1 teravatio para 2033
- El mercado de BESS en EE. UU. alcanzará los 31.36 mil millones de dólares para 2032
- El potencial del mercado global de BESS es de 120 a 150 mil millones de dólares para 2030
Los impulsores del crecimiento incluyen la necesidad de energía confiable, el apoyo regulatorio, el desarrollo de microredes, los vehículos eléctricos, la electrificación rural y los centros de datos de IA.
Bimergen Energy (OTCQB: BESS)는 새로운 거래 기호 'BESS'를 발표했으며, 이는 배터리 에너지 저장 시스템 프로젝트에 대한 초점을 반영합니다. 이 회사는 저렴한 가격에 잉여 에너지를 구매하고 저장한 후 수요가 많은 피크 시간에 재판매하기 위해 유틸리티 규모의 BESS 프로젝트를 개발합니다.
회사는 그리드 안정성과 수익 창출을 위해 기관 파트너와 장기 에너지 구매 계약을 체결합니다. 미국의 에너지 저장 산업은 2024년에 놀라운 성장을 보였으며, 8.7 GW를 배치하여 전년 대비 90% 증가했습니다.
시장 예상은 다음과 같습니다:
- 전 세계 저장 용량이 2033년까지 600% 증가하여 거의 1 테라와트에 이를 것입니다.
- 미국 BESS 시장은 2032년까지 313억 6천만 달러에 이를 것입니다.
- 2030년까지 전 세계 BESS 시장 잠재력은 1200억에서 1500억 달러입니다.
성장 요인으로는 신뢰할 수 있는 에너지 수요, 규제 지원, 마이크로 그리드 개발, 전기차, 농촌 전력화 및 AI 데이터 센터가 포함됩니다.
Bimergen Energy (OTCQB: BESS) a annoncé son nouveau symbole de négociation 'BESS', qui reflète son accent sur les projets de Systèmes de Stockage d'Énergie par Batteries. L'entreprise développe des projets BESS à l'échelle des services publics pour acheter et stocker de l'énergie excédentaire pendant les périodes de faible coût et la revendre pendant les pics de demande.
L'entreprise sécurise des contrats d'achat d'énergie à long terme avec des partenaires institutionnels pour assurer la stabilité du réseau et la génération de revenus. L'industrie du stockage d'énergie aux États-Unis a connu une croissance remarquable en 2024, déployant 8,7 GW, soit une augmentation de 90 % par rapport à l'année précédente.
Les projections du marché indiquent :
- La capacité de stockage mondiale devrait augmenter de 600 % pour atteindre près de 1 térawatt d'ici 2033
- Le marché BESS aux États-Unis atteindra 31,36 milliards de dollars d'ici 2032
- Le potentiel du marché mondial BESS est estimé entre 120 et 150 milliards de dollars d'ici 2030
Les moteurs de croissance incluent des besoins énergétiques fiables, un soutien réglementaire, le développement de micro-réseaux, les véhicules électriques, l'électrification rurale et les centres de données IA.
Bimergen Energy (OTCQB: BESS) hat sein neues Handelssymbol 'BESS' bekannt gegeben, das den Fokus auf Projekte von Batteriespeichersystemen widerspiegelt. Das Unternehmen entwickelt BESS-Projekte im Versorgungsmaßstab, um überschüssige Energie während kostengünstiger Perioden zu kaufen und zu speichern und sie während der Spitzenlastzeiten wieder zu verkaufen.
Das Unternehmen sichert sich langfristige Energieabnahmeverträge mit institutionellen Partnern zur Gewährleistung der Netzstabilität und zur Einnahmengenerierung. Die US-amerikanische Energiespeicherindustrie verzeichnete im Jahr 2024 ein bemerkenswertes Wachstum mit 8,7 GW, was einem Anstieg von 90 % im Vergleich zum Vorjahr entspricht.
Marktprognosen zeigen:
- Die globale Speicherkapazität wird bis 2033 um 600 % auf fast 1 Terawatt wachsen
- Der BESS-Markt in den USA wird bis 2032 31,36 Milliarden Dollar erreichen
- Das globale Marktpotenzial für BESS liegt bis 2030 zwischen 120 und 150 Milliarden Dollar
Wachstumsfaktoren sind zuverlässige Energiebedürfnisse, regulatorische Unterstützung, Entwicklung von Mikronetzen, Elektrofahrzeugen, ländlicher Elektrifizierung und KI-Datenzentren.
- Trading uplisted to OTCQB market
- Long-term energy offtake agreements secured
- Operating in high-growth market (90% YoY growth in 2024)
- Strong market potential ($31.36B US market by 2032)
- Early-stage company without operational revenue
- Operating in highly competitive BESS market
- Trading on OTCQB indicates smaller market cap
Common Stock Will Begin Trading Under Its New Ticker Symbol BESS
Newport Beach, CA, March 03, 2025 (GLOBE NEWSWIRE) -- Bimergen Energy Corporation [OTCQB: BESS], (“the Company” or “Bimergen”), a utility-scale battery energy storage project developer and independent power provider, announced the commencement of trading under its new trading symbol BESS, effective today.
“Our new trading symbol, BESS, was purposefully selected since it symbolizes our paramount commitment to the fastest-growing sector of the renewable energy industry today - Battery Energy Storage System (BESS),” stated Benjamin Tran, Bimergen Energy CEO.
Bimergen aims to capitalize on the rapid growth in demand for energy storage systems which stabilize the aging power grid and mitigate energy price volatility. The Company owns and develops utility-scale BESS projects which, once developed, will be used to purchase and store surplus energy at low costs during the day and resell it during peak demand hours to enhance grid stability. Bimergen secures long-term energy offtake agreements with institutional partners who manage daily trading operations, delivering critical grid reliability, reducing energy price volatility, and enabling Bimergen to generate stable, contract-backed revenue.
In 2024, the U.S. energy storage industry deployed a record-breaking 8.7 GW, reflecting a staggering
The BESS market in the US is projected to grow significantly reaching an estimated of
“With a robust BESS project pipeline, extensive field experience, significant investment tax credits, and ironclad relationships with local government and industry leaders alike, Bimergen Energy hopes to ride the wave of the industry momentum to capitalize on these trends. We aim to bring to market the most technologically advanced and durable energy storage solutions, paving the way for meaningful daily impact in our energy consumption while expecting to generate cash flow consistently upon commercial operations,” added Tran.
Bimergen boasts a distinguished board and a management team dedicated to excellence. Our collective experience spans years, ensuring every project we touch receives expert oversight. We are expecting to be a long-term player in this nascent U.S. industry.
__________
1 See: US energy storage sector booming, says Wood Mackenzie
2 See: Global energy storage fleet to surpass 1 TW/3 TWh by 2033, WoodMac says
3 See: The US BESS market is projected to grow significantly for grid stability and resilience
4 See: Enabling renewable energy with battery energy storage systems
About Bimergen Energy Corporation
Bimergen Energy Corporation [OTCQB: BESS] is a utility-scale Battery Energy Storage System (BESS) asset owner, project developer, and independent power provider focused on delivering critical power grid stability and reducing energy price volatility. The Company owns 23 development stage BESS projects with a cumulative energy capacity of ~2 GW. The company secures project financing and oversees construction of their energy storage projects, partnering with institutional counterparties to manage daily energy trading operations under long-term offtake agreements ensuring stable, contract-backed revenue. The company also owns 13 development stage solar energy projects with an anticipated cumulative generation capacity of 1.640 GW. For more information, please visit www.bimergen.com
Cautionary Note Regarding Forward-Looking Statements
This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filing with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s filings with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Company Contact
Bimergen Energy Corporation
Tel: 1.855.777.0888
Email: info@bimergen.com
Attachment
FAQ
What is the significance of Bimergen Energy's new BESS trading symbol?
How much growth did the U.S. energy storage industry experience in 2024?
What is the projected size of the U.S. BESS market by 2032?
How does Bimergen Energy generate revenue from its BESS projects?
What is the global storage capacity projection for BESS by 2033?
