Brenmiller Successfully Completes All Required Tests, Ready to Handover First U.S. bGen™ to SUNY
15 December 2023 - 12:00AM
Business Wire
- Completed in partnership with the New York Power Authority,
project serves as a demonstration for potential broader bGen
adoption to assist New York State in meeting its energy storage and
climate action goals
- Brenmiller’s bGen is estimated to eliminate approximately 550
metric tons of greenhouse gas emissions per year
Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy” or the
“Company”) (Nasdaq: BNRG), a global leader in thermal energy
storage (“TES”), today announced that it has successfully completed
commissioning of a bGen thermal storage-based co-generation station
at State University of New York (SUNY). Brenmiller will hand over
its bGen TES system to SUNY in mid-January, following training. The
bGen “charges” using both exhaust gas and electricity and is
expected to eliminate approximately 550 metric tons of greenhouse
gas emissions annually. Developed and deployed in partnership with
the New York Power Authority, the largest state power organization
in the U.S., the project was financed in part by a grant from the
Israel-U.S. Binational Industrial Research and Development (BIRD)
Foundation.
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Brenmiller’s bGen thermal energy storage
system at State University of New York (SUNY) (Photo: Brenmiller
Energy)
“Turning over the operation of the first bGen system in the
United States is a huge milestone for Brenmiller,” stated
Brenmiller’s Chairman and CEO, Avi Brenmiller. “We’ve had a highly
productive and rewarding experience working in collaboration with
the New York Power Authority and SUNY. The benefits of our bGen,
once demonstrated through this project, could enable broader
adoption of our thermal energy storage systems in New York and
across the U.S.”
According to a study commissioned by the Renewable Thermal
Collaborative, thermal batteries deployed at scale have the
potential to eliminate nearly 800 million metric tons of emissions
per year in the United States. Globally, the market for thermal
energy storage is predicted to reach over $2 trillion by 2040,
according to McKinsey.
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 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 bGen at SUNY is expected to eliminate approximately 550 metric
tons of greenhouse gas emissions annually; that the bGen
demonstrated through this project could enable broader adoption of
the Company’s TES systems in New York and across the United States;
and the benefits of the Company’s solutions and services to allow
customers to cost-effectively decarbonize their operations. 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, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20231214206372/en/
Media: Tori Bentkover
brenmillerenergy@antennagroup.com
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