Brenmiller Energy’s bGen™ Named Among TIME’s 2023 List of Best Inventions
25 October 2023 - 12:24AM
Business Wire
Highlighting 200 groundbreaking inventions that
are addressing the world’s greatest challenges, Brenmiller’s
thermal energy storage technology has been selected as one of
TIME’s Best Inventions of 2023 in the Green Energy category
Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy” or the
“Company”) (Nasdaq: BNRG), a leading global provider of thermal
energy storage (“TES”) solutions for utility and industrial
markets, today announced that its bGen™ technology has been named
as one of TIME’s Best Inventions of 2023. The thermal energy
storage system, which replaces fossil fuel boilers at industrial
manufacturing facilities, was evaluated by TIME based on
originality, efficacy, ambition, and impact.
Brenmiller’s thermal battery 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.
“It is a true honor to see Brenmiller’s bGen thermal energy
storage system recognized by TIME,” said Avi Brenmiller, CEO and
Chairman of Brenmiller Energy. “Our team has spent the better part
of a decade developing and proving the efficacy and reliability of
our technology, reaching a point of maturity at exactly the same
time that demand for our solution, driven largely by global climate
policies, has started to pick up.”
Brenmiller is at the forefront of industrial decarbonization.
Together with Enel, Brenmiller inaugurated the world’s largest
thermal energy storage system connected to an operational power
plant. It also recently opened the world’s first thermal battery
gigafactory, which is equipped to produce up to 4 GWh of bGen
systems annually.
“This year’s list of 200 groundbreaking inventions (and 50
special mention inventions)—including the world's most powerful
supercomputer, a game-changing entertainment venue, and a new
shape— are changing how we live, work, play, and think about what’s
possible,” according to TIME.
To view the full 2023 TIME Best Inventions list, visit:
www.time.com/best-inventions-2023
About Brenmiller Energy Ltd. Brenmiller Energy delivers
scalable thermal energy storage solutions and services that allow
customers to cost-effectively decarbonize their operations. Its
patented bGen thermal storage technology enables the use of
renewable energy resources, as well as waste heat, to heat crushed
rocks to very high temperatures. They can then store this heat for
minutes, hours, or even days before using it for industrial and
power generation processes. With bGen, organizations have a way to
use electricity, biomass and waste heat to generate the clean
steam, hot water and hot air they need to mold plastic, process
food and beverages, produce paper, manufacture chemicals and
pharmaceuticals or drive steam turbines without burning fossil
fuels. 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 and Israeli 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:
Brenmiller’s thermal battery gigafactory is equipped to produce up
to 4 GWh of bGen systems annually. 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, 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 and trade, legal, social and economic risks
and the risks associated with the adequacy of existing cash
resources. 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, 2022 filed with
the SEC on March 21, 2023, 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/20231024461971/en/
Media: Tori Bentkover
brenmillerenergy@antennagroup.com
Brenmiller Energy (NASDAQ:BNRG)
Historical Stock Chart
From Apr 2024 to May 2024
Brenmiller Energy (NASDAQ:BNRG)
Historical Stock Chart
From May 2023 to May 2024