Independent power producer and battery energy storage developer Bimergen Energy has officially appointed Cole W. Johnson and Robert J. Brilon as co-chief executive officers, effective immediately. The move represents a structural milestone in the growth strategy of the California-based company as it prepares to roll out 23 projects representing 2 gigawatts of capacity.
Cole W. Johnson, who joined the company last year as president and board director, played a key role in expanding Bimergen’s battery energy storage portfolio. He led the raising of $250 mn in mezzanine and equity financing, unlocking access to over $1 bn to fund construction and equipment procurement.
Strengthening operational and financial management
Robert J. Brilon, previously chief financial officer and director, retains his financial responsibilities while now co-leading the company. He brings leadership experience from several NASDAQ- and NYSE-listed firms across sectors such as artificial intelligence and manufacturing. He has overseen Bimergen’s regulatory compliance and capital structure since joining in 2021.
The dual leadership aims to combine Johnson’s expertise in energy project development and finance with Brilon’s background in financial management and governance. Together, they will lead the implementation of the energy storage projects and maintain engagement with shareholders and potential investors.
Focus on long-term profitability
Bimergen’s portfolio, entirely focused on battery energy storage systems, is expected to generate energy arbitrage revenues once operational. According to the leadership team, securing the initial $250 mn in funding marks a critical step in enabling the company’s industrial rollout. The business plan targets sustainable growth through disciplined execution and enhanced investor communication.
The executive chairman of Bimergen Energy stated that the new co-CEO structure offers a proven blend of operational vision and financial discipline, with the priority now focused on industrial execution and generating profitable growth in the energy storage segment.
