Business
Brenmiller Energy Reports First Quarter 2023 Financial Results and Operational Update
Inaugurated World’s First-Ever Gigafactory for Thermal Energy Storage—Expected 4 GWh of Capacity by Q4 2023 Signed Term Sheet with Leading Global Clean
About this update from Brenmiller Energy Ltd
[{"type":"text","content":"\n\nInaugurated World’s First-Ever Gigafactory for Thermal Energy Storage—Expected 4 GWh of Capacity by Q4 2023\n\n\n\nSigned Term Sheet with Leading Global Clean Energy Utility to Decarbonize Heat and Energy Production Worldwide\n\n\n\nApproved for $610,000 Grant from Israeli Ministry of Environmental Protection for Clean Energy Project at one of Israel’s Largest Beverage Plants\n\n\n\nReceived Multiple Industry Awards for Innovation, Clean Energy, and Sustainability\n\n\n\n ROSH HA’AYIN, Israel--(BUSINESS WIRE)--\nBrenmiller Energy Ltd. (\"Brenmiller\", \"Brenmiller Energy”) (Nasdaq: BNRG; TASE: BNRG), a global leader in thermal energy storage (“TES”), today announced financial results as of and for the three months ended March 31, 2023, in addition to operational and recent business development updates.\n\n\nCompany Highlights\n\n\n\nInaugurated bGen™ TES production facility; gigafactory expected to reach 4 GWh capacity by Q4 2023 to support pipeline of new clean energy projects\n\n\n\nBrenmiller signed a non-binding Term Sheet with a leading global clean energy company (the “Utility”) to decarbonize heat and energy production worldwide; 9 potential clean energy projects totaling approximately 2 GWh of capacity have been identified to date as part of the collaboration; the Utility has the option to become a strategic investor for a minority stake in Brenmiller\n\n\n\nBrenmiller received approval from the Israeli Ministry of Environmental Protection for a $610,000 grant to build and install its industry-leading bGen™ TES system at a beverage plant owned and operated by one of Israel’s largest beverage companies; the bGen™ will provide clean steam and replace fossil fuel boilers at the plant\n\n\n\nBrenmiller received multiple industry awards in recognition of its clean energy innovation: Honorable Mention in the Energy and Sustainability category of Fast Company’s 2023 World Changing Ideas Awards; The Cleanie Awards® Silver winner for Pioneer in New Technology in the Storage category; World CleanTech Awards’ 2022 Visionary CleanTech StartUp of the Year Award in Energy Distinction\n\n\n\nCompany’s ordinary shares to trade exclusively on the Nasdaq as of June 26, 2023; Brenmiller is voluntarily delisting from the Tel Aviv Stock Exchange (“TASE”) with the last day the Ordinary Shares trading on the TASE on June 22, 2023\n\n\n\nMa...