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- Moves up with 12-year Heat arsenic a Service (HaaS) statement with Partner successful Pet Food Hungaria KFT (PPF), 1 of Europe's starring backstage statement favored nutrient producers
- Brenmiller to build, own, and run a bGen™ ZERO thermal vigor retention (TES) strategy adjacent to PPF's mill successful Dombovar, Hungary, and supply PPF with electrical steam astatine a fixed price, which is expected to let the favored nutrient shaper to usage 25-30% little gas, lowering its vigor costs and c footprint
TEL AVIV, Israel--(BUSINESS WIRE)--Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy oregon the Company) (Nasdaq: BNRG), a starring planetary vigor supplier of TES solutions to concern and inferior markets, contiguous announced that Brenmiller Europe S.L. ("Brenmiller Europe"), its associated task with renewable vigor developers Green Enesys and Viridi RE, has established a wholly-owned peculiar intent conveyance (SPV) subsidiary successful Hungary, called Bren-Dom-TES Kft. The section entity precocious executed agreements to unafraid an enactment to get the onshore adjacent to PPF's factory.
The 10,000+ quadrate metre crippled is wherever Brenmiller Europe plans to physique a 30 MWh bGen™ ZERO TES system, which volition instrumentality precedence implicit PPF's fossil substance boilers. It volition complaint utilizing energy from the section grid, and Brenmiller Europe volition present electrical steam to PPF done a HaaS agreement. Transitioning from accepted combustion practices to Brenmiller's TES strategy is expected to let PPF to trim its state depletion by 25-30%, importantly lowering vigor costs and its c footprint. When the bGen™ is operational, Brenmiller Europe volition beryllium successful a presumption to gain further recurring gross streams by providing grid balancing services to the section transmission strategy operator.
We judge that our section cognition successful Hungary unlocks captious project-based financing, enabling america to conscionable our lawsuit commitments connected clip portion helping fast-track this European cleanable manufacture initiative, said Avi (JO:) Brenmiller, Chairman and Chief Executive Officer. Our TES task for PPF is among the archetypal commercialized projects of its benignant and serves arsenic a exemplary for scaling our exertion worldwide.
Approximately 50% of Brenmiller's $440 cardinal planetary pipeline of commercialized opportunities originates successful Europe, spanning 9 industries crossed eleven European countries. The Company delivers its solutions done aggregate flexible concern models, including nonstop exertion income and HaaS. The second lowers electrification costs for concern customers and volition perchance let Brenmiller to seizure further recurring revenues done information successful section energy marketplace programs.
PPF produces much than 700,000 tons of favored nutrient per year, which is distributed from its 12 accumulation facilities to implicit 400 retailers crossed much than 35 European countries. Brenmiller's statement with PPF volition assistance the institution execute its emissions simplification targets of 42% by the extremity of 2030.
About Brenmiller Energy Ltd.
Brenmiller Energy helps energy-intensive industries and powerfulness producers extremity their reliance connected fossil substance boilers. Brenmiller's patented bGen™ thermal artillery is simply a modular and scalable vigor retention strategy that turns renewable energy into zero-emission heat. It charges utilizing low-cost renewable energy and discharges a continuous proviso of vigor connected request and according to its customers' needs. The astir experienced thermal artillery developer connected the market, Brenmiller operates the world's lone gigafactory for thermal artillery accumulation and is trusted by starring multinational vigor companies. For much accusation sojourn the Company's website astatine https://bren-energy.com and travel the Company connected X and LinkedIn.
About Brenmiller Europe, S.L.
Brenmiller Europe is simply a associated task betwixt Brenmiller Energy, Viridi RE, and Green Enesys aimed astatine accelerating the adoption of the innovative bGen™ thermal vigor retention exertion crossed Europe. This concern combines Brenmiller's cutting-edge exertion with the renewable vigor expertise of European task developers Viridi RE and Green Enesys, who bring an 18-year proven way grounds successful developing, funding, and gathering implicit 100 renewable vigor projects. For much information, sojourn Green Enesys and Viridi.
Forward-Looking Statements
This property merchandise contains forward-looking statements wrong the meaning of the harmless harbor provisions of the Private Securities Litigation Reform Act of 1995 and different national securities laws. Statements that are not statements of humanities information whitethorn beryllium deemed to beryllium forward-looking statements. For example, the institution is utilizing forward-looking statements successful this property merchandise erstwhile it discusses: The Company acquiring a onshore that is much than 10,000 quadrate metre adjacent to PPF's factory; Brenmiller Europe's aboriginal plans to physique a 30 MWh bGen™ ZERO TES system, which volition instrumentality precedence implicit PPF's fossil substance boilers; PPF's aboriginal reduced state depletion pursuing the operationalization of bGen™; that Brenmiller Europe volition beryllium successful a presumption to gain further recurring gross streams by providing grid balancing services to the section transmission strategy operator; that the section cognition successful Hungary unlocks captious project-based financing, enabling the Company to conscionable its lawsuit commitments connected time; and the Company's $440 cardinal planetary pipeline of commercialized opportunities. Without limiting the generality of the foregoing, words specified arsenic plan, project, potential, seek, may, will, expect, believe, anticipate, intend, could, estimation oregon proceed are intended to place forward-looking statements. Readers are cautioned that definite important factors whitethorn impact the company's existent results and could origin specified results to disagree materially from immoderate forward-looking statements that whitethorn beryllium made successful this property release. Factors that whitethorn impact the company's results include, but are not constricted to: the company's planned level of revenues and superior expenditures; risks associated with the adequacy of existing currency resources; the request for and marketplace acceptance of our products; interaction of competitory products and prices; merchandise development, commercialization oregon technological difficulties; the occurrence oregon nonaccomplishment of negotiations; trade, legal, societal and economical risks; and political, economical and subject instability successful the Middle East, specifically successful Israel. The forward-looking statements contained oregon implied successful this property merchandise are taxable to different risks and uncertainties, galore of which are beyond the power of the company, including those acceptable distant successful the Risk Factors conception of the company's Annual Report connected Form 20-F for the twelvemonth ended December 31, 2023 filed with the SEC connected March 18, 2024, which is disposable connected the SEC's website, www.sec.gov. The institution undertakes nary work to update these statements for revisions oregon changes aft the day of this release, but arsenic required by law.
View root mentation connected businesswire.com: https://www.businesswire.com/news/home/20250121103460/en/
Media:
Tori Bentkover
brenmillerenergy@antennagroup.com
Source: Brenmiller Energy Ltd.
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