Business
Brenmiller Energy Reports Operational Update and Financial Results for the Six Months Ended June 30, 2023
Launched next-generation bGen ZERO™ for Renewable Power-to-Heat and Industrial Decarbonization, Unlocking New Revenue Streams Inaugurated Gigafactory in
About this update from Brenmiller Energy Ltd
[{"type":"text","content":"\n\nLaunched next-generation bGen ZERO™ for Renewable Power-to-Heat and Industrial Decarbonization, Unlocking New Revenue Streams\n\n\n\nInaugurated Gigafactory in Dimona, Israel with Expected 4 GWh of bGen ZERO™ Capacity by Q4 2023\n\n\n\nSigned MoU with India’s Largest Solar Panel Manufacturer and a Term Sheet with a 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\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 six months ended June 30, 2023, in addition to operational and recent business development updates.\n\n\nManagement Commentary\n\n\n“Our newly launched bGen ZERO provides, in our opinion, the most cost-effective and efficient way to electrify heat and decarbonize the industrial and power sectors. Decarbonization of heat is the low hanging fruit of fighting climate change, as heat is the largest energy end-use,” stated Avi Brenmiller, Chairman and Chief Executive Officer of Brenmiller Energy. “These are the reasons driving intense interest in bGen, as evidenced in our system installations to date and the recent agreements we’ve signed with some of the world’s leading renewable energy companies.”\n\n\n“By focusing on power-to-heat, we have opened the potential for new revenue streams through direct sales as well as providing energy-as-a-service to industrial operators and grid services. Our project pipeline continues to grow and remains focused on Europe and the U.S., with additional strong prospects in South America and South Asia.”\n\n\nBrenmiller’s recent webinar unveiling bGen ZERO and its business focus on power-to-heat is available on the Company’s website.\n\n\nNew Projects\n\n\n\nMoU Signed with Waaree Energies, the Largest Solar Panel Manufacturer in India: Brenmiller signed a Memorandum of Understanding (\"MoU\") with Waaree Energies Ltd. (\"Waaree\"), India’s largest manufacturer of solar panels, to implement bGen™ and bGen ZERO™ TES in India. Brenmiller and Waaree will jointly explore, develop, and deploy solar-powered TES systems...