FORT LAUDERDALE, Fla., Oct. 08, 2025 (GLOBE NEWSWIRE) -- EdgeMode Inc. (OTC: EDGM), a leading developer and operator of sustainable high-performance computing (“HPC”) and renewable energy infrastructure, today announced an extension and expansion of its previously announced binding agreement with Blackberry AIF (“BAIF”). The revised agreement expands the scope of the partnership to include the integration of Battery Energy Storage System (BESS) solutions across two of the five original development sites in ...

IRVINE, CA., Oct. 08, 2025 (GLOBE NEWSWIRE) -- Clean Energy Technologies, Inc. (Nasdaq: CETY) (the “Company” or “CETY”), a clean energy technology company delivering scalable solutions and technologies in power generation, storage, waste-to-energy, and heat-to-power, announced today that it has entered into a Letter of Intent (LOI) with Lease Advisory Group (LAG) to serve as the Engineering, Procurement, and Construction (EPC) contractor for multiple Battery Energy Storage System (BESS) projects in New York ...

Project to Power Equivalent of 800 Homes The Crawford Rd Project advances New York's ambitious Climate Leadership and Community Protection Act goal of 6 GW of solar capacity by 2025. As a national leader in community solar, New York accounts for nearly one-third of the United States' 6.2 GW of installed solar capacity, and PowerBank is honored to contribute to this transformative milestone. There are several risks associated with the development of the Project. The development of any project is subject to r ...

Core Insights - Bimergen Energy Corporation has secured an equity commitment of up to $200 million from a leading European energy generation and transmission company to fund utility-scale Battery Energy Storage System (BESS) projects across the United States [1][2]. Funding Details - The initial commitment includes $10 million for pre-construction and early-stage development activities, with total equity commitments expected to reach $200 million as projects progress towards construction readiness [2]. - The equity capital will represent approximately 10–20% of the total funding required for permanent debt financing for BESS project buildouts, with the remaining debt expected to be sourced from global financial institutions [3]. Strategic Importance - This partnership is seen as a significant advancement in Bimergen Energy's mission to expand its energy storage portfolio and enhance renewable infrastructure [4]. - The CEO of Bimergen Energy highlighted that the current energy market presents compelling investment opportunities due to strong federal support and demand for grid resilience, which facilitates efficient financing structures and enhances project returns [5]. Company Overview - Bimergen Energy Corporation focuses on utility-scale Battery Energy Storage Systems and aims to capitalize on the demand for grid reliability while reducing energy price volatility [6].

Core Insights - Bimergen Energy Corporation has secured a $50 million capital commitment to expand its utility-scale battery energy storage portfolio [1][2] - The financing will enable the development, construction, and operation of up to 2 GW of battery energy storage projects across the U.S. by 2027 [2] - The investment reflects strong confidence in the renewable energy storage sector, supported by U.S. Investment Tax Credits and increasing demand for AI data centers [5] Company Overview - Bimergen Energy Corporation is focused on utility-scale Battery Energy Storage System (BESS) projects, with a cumulative energy capacity of approximately 2 GW [6] - The company partners with institutional counterparties to manage daily energy trading operations under long-term offtake agreements, ensuring stable revenue [6] Financial and Operational Strategy - The first tranche of $10 million has already been received, which will help procure long-lead items and secure permanent debt financing for future projects [2][3] - The joint venture aims to lock in equipment providers under safe harbor provisions to ensure cost certainty and supply chain reliability [3] - The company is advancing late-stage projects and has received a wave of debt financing proposals from top-tier financial institutions, indicating strong market confidence [5]

Summary of Key Points from the Conference Call Industry Overview - The focus is on the **Power & Utilities** sector, particularly the demand and supply dynamics from 2025 to 2035, with significant emphasis on data centers and renewable energy sources [1][2][3]. Core Insights and Arguments 1. **Load Growth Projections**: Expected load growth of **2.4% CAGR** from 2025 to 2035, primarily driven by data centers (60% of growth) and electrification of vehicles and manufacturing [1][2]. 2. **Data Center Impact**: Anticipated **100 GW** of data center build-out over the next decade, contributing significantly to overall load growth [2][12]. 3. **Gas and Renewable Energy**: Gas generation is projected to grow at **2.3% CAGR**, with **164 GW** of new gas capacity expected by 2035. Renewables are expected to contribute nearly **60%** of incremental generation through 2030 [4][12][35]. 4. **Affordability Concerns**: Rising capacity prices (10x increase in PJM over four years) and electricity prices growing by **4% Y/Y** over the last five years indicate ongoing affordability challenges for utilities [3][19]. 5. **Coal Plant Retirements**: Anticipated **2/3rds withdrawal rate** for coal plants in retirement queue from 2025 to 2030, with significant battery storage installations to support intermittent power sources [6][25]. 6. **Capex Estimates**: Total capital expenditure expected to exceed **$800 billion** through 2035, with solar representing **42%** of the total spend [41][43]. Additional Important Insights 1. **Regional Focus**: Key regions for growth include **PJM** and **ERCOT**, with PJM expected to build **30 GW** of data centers by 2030 [5][39]. 2. **Nuclear and Wind Contributions**: Anticipated **7 GW** of nuclear uprates and **68 GW** of wind capacity additions, primarily onshore, with a focus on addressing intermittency issues [12][25]. 3. **Market Dynamics**: The interplay between reliability and affordability will be critical, with utilities needing to balance swift data center connections without significantly increasing costs for ratepayers [19][38]. 4. **Inflationary Pressures**: Capex inflation is a significant concern, particularly for gas and solar projects, which may impact overall project viability and timelines [42][43]. 5. **Long-term Outlook**: There is uncertainty regarding data center build-out in the 2030-35 timeframe, with estimates ranging widely and potential efficiency gains in power consumption expected [17][36]. Conclusion The Power & Utilities sector is poised for significant changes driven by data center demand, renewable energy growth, and the need for reliable energy sources. However, challenges related to affordability, regulatory scrutiny, and inflationary pressures will require careful navigation by industry stakeholders.

Core Points - Founder Group Limited (FGL) has signed a Heads of Agreement with Planet QEOS Sdn. Bhd. for a large-scale renewable energy facility in Sarawak, Malaysia, valued at up to RM1.16 billion (USD276 million) [1] - The project includes a 310 MWp solar photovoltaic power plant and a 620 MWh Battery Energy Storage System (BESS), making it one of the largest clean energy developments in the region [2] - This facility will be Malaysia's first "firm" solar power plant, providing continuous renewable electricity comparable to conventional energy sources [3] Economic and Digital Transformation - The development of a 200 MW Tier-4 Green Data Centre Park on 350 acres in Baram is part of the initiative, expected to generate over RM1 billion in foreign direct investment [4][5] - The project supports Sarawak's vision to become the "Battery of Asean" and aims for a generation capacity of 10 GW by 2030 [6] Management Commentary - The CEO of FGL emphasized the company's commitment to large-scale infrastructure investments that focus on sustainable returns and significant economic impact [7] Company Overview - Founder Group Limited specializes in end-to-end EPCC solutions for solar PV facilities in Malaysia, focusing on large-scale solar projects and commercial and industrial solar projects [8]

AIP Management has agreed to acquire a 49% equity stake in a UK-based battery energy storage system (BESS) portfolio from BW ESS. The portfolio includes three assets having a total capacity of 700MW and a 3.5-hour duration. AIP stated that this acquisition represents its first investment in standalone battery storage and is part of its strategy of partnering with industrial experts having complementary expertise. The portfolio comprises Bramley (100MW), which is operational, and Hams Hall (400MW) and Be ...

SAN ANTONIO, Sept. 22, 2025 (GLOBE NEWSWIRE) -- OCI Energy is proud to announce the successful closing of construction financing for its Project Alamo City, a flagship battery energy storage system (BESS) currently under development in Bexar County, Texas. With a planned capacity of 120 MW and with a 4-hour duration, Project Alamo City will be a significant standalone battery storage installation in Texas, designed to strengthen grid reliability and support the region’s energy future. OCI Energy selected IN ...

ab 17 September 2025 Global Research Global Battery Supply Chain U.S. BESS Policy 12 FAQs Based on investor feedback from our recent APAC Focus report on ESS Battery Boom and Expert call on FEOC/PFE (Foreign Entity of Concern/Prohibited Foreign Entity) Restrictions on Energy Tax Credits, we present the 12 key questions and answers in this report. 1. Will the Production Tax Credit (PTC) ($35/kWh cell and $10/kWh module) remain unchanged in duration, value and eligibility? A: The value and duration through 20 ...