Brenmiller to Expand bGen™ Capabilities for AI Data Center Cooling Applications
2024年7月18日 - 9:30PM
ビジネスワイヤ(英語)
- Driven by rapid growth in AI computing, Brenmiller identifies
significant new decarbonization and financial opportunity in the
data center value chain
- Estimates point to a 160% increase in data center power demand
by 2030, driving innovation and investment in cooling and energy
efficiency solutions
- Brenmiller anticipates minimal investment is needed to adapt
its bGen™ thermal battery for data center applications
Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy” or the
“Company”) (Nasdaq: BNRG), a leading global provider of thermal
energy storage ("TES") solutions for industrial and utility
markets, today announced that it will expand its proprietary
technology’s capabilities and develop a Cold Thermal Energy Storage
(“CTES”) solution for data center applications, called the bGen™
Cool. The Company will continue bGen™ production for power-to-heat
applications in service of its current commercial opportunities,
valued at up to $500 million in potential sales.
The rapid integration of artificial intelligence (“AI”)
computing into enterprise systems is driving unprecedented demand
for power. According to a study published by the International
Energy Agency in January 2024, it requires almost 10x more
electricity to process a ChatGPT query than it does to run a
typical Google search. A note published by Goldman Sachs research
in May 2024 estimates that data center power demand will increase
by more than 160% by 2030, growing from 1-2% to 3-4% of all power
consumption worldwide and creating considerable upstream
opportunity for innovation and investment in cooling and energy
efficiency technologies. Leveraging the bGen™’s core competencies,
Brenmiller expects minimal investment is needed to adapt its
existing proprietary TES technology to meet data center demand.
“Data center needs are not too dissimilar from those of our
flagship customer base, except they require cold water or air
instead of heat or steam,” said Avi Brenmiller, chairman and Chief
Executive Officer of Brenmiller Energy. “With fairly
straightforward modifications to our bGen™ design, we are confident
in our ability to deliver a cost-competitive and energy-efficient
data center cooling solution to the market.”
Similar to the value proposition for industrial power consumers,
CTES systems can drive significant decarbonization and financial
value for data center owners like Apple, Google and Meta. The
bGen™’s modular design aligns with the data center industry’s trend
toward prefabrication and modular (PFM) solutions, and its
industry-leading fast-charging capabilities are well-suited to
lower data center energy costs while delivering around-the-clock
cooling and 24/7 operational reliability. With the ability to
charge and discharge simultaneously or independently and on-demand,
the bGen™ can also help alleviate data center strain on the grid
and transform them into flexible balancing assets.
About bGen™ Brenmiller’s TES system, bGen™, converts
electricity into heat to power sustainable industrial processes at
a price that is competitive with natural gas. The bGen charges by
capturing low-cost electricity from renewables or the grid and
stores it in crushed rocks. It then discharges steam, hot water, or
hot air on demand according to customer requirements. The bGen also
supports the development of utility-scale renewables by providing
critical flexibility and grid-balancing capabilities. In 2023,
bGen™ was named among TIME’s Best Inventions in the Green Energy
category.
About Brenmiller Energy Ltd. Brenmiller Energy helps
energy-intensive industries and power producers end their reliance
on fossil fuel boilers. Brenmiller’s patented bGen™ thermal battery
is a modular and scalable energy storage system that turns
renewable electricity into zero-emission heat. It charges using
low-cost renewable electricity and discharges a continuous supply
of heat on demand and according to its customers’ needs. The most
experienced thermal battery developer on the market, Brenmiller
operates the world’s only gigafactory for thermal battery
production and is trusted by leading multinational energy
companies. For more information visit the Company’s website at
https://bren-energy.com/ and follow the Company on X (formerly
Twitter) and LinkedIn.
Forward-Looking Statements This press release contains
“forward-looking statements” within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995
and other federal securities laws. Statements that are not
statements of historical fact may be deemed to be forward-looking
statements. For example, the Company is using forward-looking
statements in this press release when it discusses: the Company’s
plans to expand its proprietary technology’s capabilities and
develop a CTES solution for data center applications; the Company’s
current commercial opportunities valued at up to $500 million in
potential sales; the Company’s expectation that minimal investment
is needed to adapt its existing proprietary TES technology to meet
data center demand; the Company’s ability to deliver a
cost-competitive and energy-efficient data center cooling solution
to the market, and that the Company’s bGen™ product can help
alleviate data center strain on the grid and transform them into
flexible balancing assets; and the estimated growth in data center
power demand by 2030. Without limiting the generality of the
foregoing, words such as “plan,” “project,” “potential,” “seek,”
“may,” “will,” “expect,” “believe,” “anticipate,” “intend,”
“could,” “estimate” or “continue” are intended to identify
forward-looking statements. Readers are cautioned that certain
important factors may affect the Company’s actual results and could
cause such results to differ materially from any forward-looking
statements that may be made in this press release. Factors that may
affect the Company’s results include, but are not limited to: the
Company’s planned level of revenues and capital expenditures; risks
associated with the adequacy of existing cash resources; the demand
for and market acceptance of our products; impact of competitive
products and prices; product development, commercialization or
technological difficulties; the success or failure of negotiations;
trade, legal, social and economic risks; and political, economic
and military instability in the Middle East, specifically in
Israel. The forward-looking statements contained or implied in this
press release are subject to other risks and uncertainties, many of
which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company’s Annual Report on
Form 20-F for the year ended December 31, 2023 filed with the SEC
on March 18, 2024, which is available on the SEC’s website,
www.sec.gov. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240718780483/en/
Media: Tori Bentkover
brenmillerenergy@antennagroup.com
Brenmiller Energy (NASDAQ:BNRG)
過去 株価チャート
から 7 2024 まで 8 2024
Brenmiller Energy (NASDAQ:BNRG)
過去 株価チャート
から 8 2023 まで 8 2024