---
title: "Bimergen Energy closes USD 8.9 million sale of Texas battery storage projects to Cerberus affiliate"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294049788.md"
description: "Bimergen Energy closed the USD 8.9 million sale of Texas battery storage projects to a Cerberus Capital Management affiliate on July 15, 2026. The deal includes the 100 MW/400 MWh Redbird project and two smaller sites. Bimergen received USD 6.4 million in cash, with an additional USD 2.5 million expected upon milestone achievements, while retaining a 7.5% equity stake in the portfolio."
datetime: "2026-07-28T10:31:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294049788.md)
  - [en](https://longbridge.com/en/news/294049788.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294049788.md)
generator: "portal-rs"
---

# Bimergen Energy closes USD 8.9 million sale of Texas battery storage projects to Cerberus affiliate

-   Bimergen Energy closed the sale of the 100 MW/400 MWh Redbird battery storage project near Houston and two Texas 10s/80 MWh projects. \* Transaction with FPU-BEC Development Topco, an affiliate of Cerberus Capital Management’s Frontier Power & Utilities, closed July 15, 2026. \* Received USD 6.4 million cash; expects another USD 2.5 million tied to Redbird milestone achievements. \* Retained a 7.5% equity stake in the 480 MWh ERCOT portfolio. \* Projects are expected to use Eos Energy Z3 long-duration batteries. 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. Bimergen Energy Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607280630PRIMZONEFULLFEED9799011) on July 28, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**