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FPUSA acquires 480 MWh battery storage projects from Bimergen, advancing long-duration energy storage in Texas.

Company Fundamentals
21 May 2026
Na
View Source
Bullish
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Frontier Power USA (FPUSA) has signed a deal to acquire a 480 MWh portfolio of battery energy storage system projects from Bimergen Energy Corporation. The portfolio includes three projects based in the ERCOT market in Texas, with construction expected to start mid-2026. This acquisition marks FPUSA's first under its 2 GWh capacity reservation agreement with Eos Energy Enterprises, aiming to accelerate utility-scale long-duration energy storage deployment. FPUSA will hold a 92.5% stake in the projects, while Bimergen retains a 7.5% economic interest, collaborating to bring the projects to commercial operation and support grid stability amid growing energy demand.

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