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Brenmiller Energy Establishes Joint Venture in Europe to Scale bGen™ Technology Adoption Across Europe
Established in partnership with leading renewable energy developers Green Enesys and Viridi, Brenmiller Europe S.L., assumes responsibility for Brenmiller
About this update from Brenmiller Energy Ltd
[{"type":"text","content":"\nEstablished 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\n\n MADRID--(BUSINESS WIRE)--\nBrenmiller 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.\n\nBrenmiller 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.\n\n\"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.”\n\n“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.”\n\nBrenmiller 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 ...