Brenmiller Energy Partners with Leaders to Enhance bGen™ Growth
Brenmiller Energy Launches a New European Joint Venture
Brenmiller Energy Ltd. (NASDAQ: BNRG), an innovator in thermal energy storage (TES) solutions, has entered into a strategic joint venture in Europe, establishing Brenmiller Europe S.L. This new partnership aims to enhance the distribution and adoption of Brenmiller's advanced bGen™ technology throughout the European market. Collaborating with prominent renewable energy developers, Green Enesys and Viridi RE, the joint venture is poised to make a significant impact in the region.
Focus on Clean Energy and Innovative Technology
The joint venture seeks to harness the expertise of Green Enesys and Viridi RE in rolling out large-scale clean energy initiatives. Brenmiller Europe aims to drive adoption of its bGen™ systems, focusing on sales, energy service delivery, and accessing project financing in Europe’s burgeoning clean energy sector. With exclusive rights to distribute bGen™ systems in major markets, Brenmiller Europe is well-positioned to meet growing energy demands.
Strategic Expansion and Industry Expertise
Avi Brenmiller, Chairman and CEO of Brenmiller Energy, remarked on the vast opportunities available in Europe. By partnering with established companies like Green Enesys, the organization aims to expedite its efforts in energy delivery and strengthen its international sales and service framework. This step marks a pivotal moment in scaling bGen™ systems across Europe, especially given the supportive regulatory and financial climate in the region.
Commitment to Sustainable Energy Solutions
José Luis Morán, the Managing Director of Brenmiller Europe, emphasized the importance of this joint venture to advance sustainable energy initiatives. The integration of their development capabilities with Brenmiller’s TES innovations will contribute to the decarbonization of critical industrial sectors while broadening the reach of renewable energy solutions across Europe.
Innovation in Thermal Energy Storage
At Brenmiller’s gigafactory in Dimona, bGen™ modules will be produced while ensuring ownership of intellectual property remains with the company. This joint venture, where Brenmiller Energy retains majority ownership, is geared towards leveraging Europe’s well-established renewable energy infrastructure. The current project pipeline of Brenmiller, valued at $440 million, primarily stems from opportunities identified within Europe, covering a diverse spectrum of industries.
Redefining Energy Services
Brenmiller Energy’s unique business model facilitates the delivery of low-carbon heat through both direct product sales and an innovative Heat-as-a-Service (HaaS) model. This approach not only reduces the costs associated with the energy transition for customers but also allows the company to derive steady income from various energy market programs.
About Brenmiller Energy Ltd.
Brenmiller Energy is dedicated to helping heavy industries and energy producers eliminate their dependency on traditional fossil fuel boilers. The company’s patented bGen™ thermal battery system is a versatile, modular energy storage solution adept at converting renewable energy into emission-free heat. This technology captures low-cost renewable electricity while providing an on-demand supply of heat tailored to the specific needs of its clients. Brenmiller is recognized as the leading thermal battery developer globally and is presently operating the world’s sole gigafactory dedicated to battery production, making it a trusted partner for major global energy enterprises.
Understanding bGen™ Technology
The bGen™ system operates by transforming electricity into thermal energy for sustainable industrial applications. It charges by gathering low-cost energy either from renewables or electrical grids, securing it in crushed rock formations. The stored energy is then released to produce steam, hot water, or hot air as required by customers. Serving as a key facilitator in the transition to utility-scale renewable solutions, bGen™ also enhances the grid's flexibility and ability to balance demands. Notably, bGen™ was recognized by TIME as one of the Best Inventions of 2023 in the Green Energy category.
About Green Enesys and Viridi
Green Enesys Group and Viridi RE Group have built a strong foundation in the renewable energy industry since their respective establishments in 2009 and 2006. Together, they have developed over 100 projects, with a presence in 15 countries, including offices in Germany, Spain, and Italy. Their collaborative efforts encompass a broad range of green energy initiatives, such as photovoltaic developments and energy storage projects, boasting a project pipeline of around 12 GW globally.
Frequently Asked Questions
What is the purpose of the joint venture between Brenmiller and its partners?
The joint venture aims to expand the adoption of Brenmiller's bGen™ technology across Europe, focusing on product sales and energy services.
Who are Brenmiller Energy's key partners in this venture?
Brenmiller is partnering with Green Enesys and Viridi RE, both of which have extensive experience in renewable energy project development.
What technology is Brenmiller known for?
Brenmiller is recognized for its bGen™ thermal battery technology, which converts electricity into zero-emission heat for various industries.
Where is Brenmiller's manufacturing facility located?
Brenmiller manufactures its bGen™ modules at its gigafactory located in Dimona.
How does the Heat-as-a-Service model benefit customers?
This model lowers the costs associated with transitioning to cleaner energy sources and provides the company with ongoing revenue opportunities.
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