Established in partnership with leading renewable energy
developers Green Enesys and Viridi, Brenmiller Europe S.L., assumes
responsibility for Brenmiller Energy Ltd. projects in major
European countries, which represents a substantial amount of
Brenmiller’s global $440 million project pipeline opportunities
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
customers, today announced the formation of a new joint venture
(“JV”), Brenmiller Europe S.L. (“Brenmiller Europe”), a mutually
owned Spanish corporation with renowned renewable energy developers
Green Enesys and Viridi RE.
Brenmiller Europe will capitalize on Green Enesys and Viridi's
expertise in developing and deploying large-scale clean energy
projects in Europe. The JV aims to rapidly expand the adoption of
Brenmiller's bGen™ technology across Europe, focusing on driving
product sales, delivering energy services, and securing
project-level financing in high-growth markets, starting in major
European countries where Brenmiller Europe has the exclusive rights
to distribute bGen™ systems, subject to certain revenue and
performance requirements.
"The opportunities in Europe are enormous and, by working with
Green Enesys and Viridi, we are accelerating our ability to deliver
and continuing to build out our global sales and service
infrastructure," stated Brenmiller Chairman and Chief Executive
Officer Avi Brenmiller. “This is a critical milestone toward
widescale deployment of bGen™ systems throughout Europe, where the
regulatory, project financing and clean energy cost-benefit
environment is highly supportive.”
“Our joint venture with Brenmiller Energy represents a
significant step in advancing clean energy solutions across
Europe,” said Brenmiller Europe Managing Director José Luis Morán.
“By integrating our project development expertise with Brenmiller’s
innovative thermal technology, we’re driving the decarbonization of
key industries and expanding the reach of sustainable energy
solutions.”
Brenmiller will manufacture bGen™ modules at its gigafactory in
Dimona while retaining ownership of its intellectual property. The
JV, for which Brenmiller Energy will be a majority shareholder,
aims to rapidly expand the adoption of bGen™ systems throughout
Europe, a region renowned for its advanced renewable energy
infrastructure. A substantial portion of Brenmiller’s current $440
million global project pipeline of commercial opportunities
originates in Europe, spanning nine industries across eleven
European countries. Brenmiller is committed to delivering on this
massive opportunity to decarbonize industrial sectors in
Europe.
Brenmiller Energy delivers low-carbon heat through direct
technology sales and a Heat-as-a-Service (HaaS) model. The latter
lowers energy transition costs for customers and allows Brenmiller
to capture additional recurring revenues through participation in
energy market programs.
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.
About bGen™
bGen™, Brenmiller’s TES system, 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. bGen™ was named among
TIME’s Best Inventions of 2023 in the Green Energy category.
About Green Enesys and Viridi
Viridi RE Group, established in 2006, and Green Enesys Group,
founded in 2009, are international developers of renewable energy
projects with a robust presence in Europe and America. The group
combines an 18-year proven track record in developing, funding, and
building over 100 renewable energy projects. As decade-long
partners, they maintain operations across 15 countries with
established offices in Germany (HQ), Spain, Italy, the USA,
Colombia, Mexico, and Peru. Green Enesys and Viridi collaboratively
engage in a diverse portfolio of green energy initiatives,
including developing photovoltaic (PV), energy storage, and green
hydrogen projects. They possess a project pipeline for renewable
and battery projects of approximately 12 GW worldwide.
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 possibility of Brenmiller Europe to capitalize on Green Enesys
and Viridi's expertise in developing and deploying large-scale
clean energy projects in Europe, future opportunities and scope of
projects in Europe, the Company’s ability to deliver and build out
its global sales and service infrastructure, the widescale
deployment of bGen™ systems throughout Europe, the Company’s $440
million global project pipeline of commercial opportunities.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240925409114/en/
Media Contact for Brenmiller Energy: Tori Bentkover
brenmillerenergy@antennagroup.com
Brenmiller Energy (NASDAQ:BNRG)
過去 株価チャート
から 11 2024 まで 12 2024
Brenmiller Energy (NASDAQ:BNRG)
過去 株価チャート
から 12 2023 まで 12 2024