Business
Brenmiller Energy to Engage with Entelios to Deploy Sustainable Energy Practices that Optimize Revenue Streams for bGen™ Users in Germany, a Market Estimated to Reach $2.9 Billion by 2028
Together, Brenmiller Energy, Brenmiller Europe, and Entelios are committed to pioneering sustainable energy practices in the industrial sector in Germany
About this update from Brenmiller Energy Ltd
[{"type":"text","content":"\n\nTogether, Brenmiller Energy, Brenmiller Europe, and Entelios are committed to pioneering sustainable energy practices in the industrial sector in Germany\n\n\nEntelios will deploy its proprietary software, extensive knowledge, and experience in flexibility market services to effectively manage energy costs and maximize revenues for industrial energy users and investors\n\n\nBrenmiller Energy will aim to capture a significant portion of Germany’s electric thermal energy storage market by implementing its unique Heat as a Service (“HaaS”) business model and planned bGen™ equipment sales deployments\n\n\n ROSH HA’AYIN, Israel--(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, together with its recently established joint venture company (“JV”), Brenmiller Europe S.L. (“Brenmiller Europe”), today announced that it has signed a non-binding Letter of Intent (“LOI”) with Entelios AG, a leading flexibility service provider in Germany.\n\nEntelios specializes in the aggregation and trading of decentralized flexible assets. With more than 14 years of expertise in the German energy markets, Entelios manages more than 1 GW of net flexibility from industrial loads, power plants, and large-scale battery energy storage systems (“BESS”). Entelios focuses on maximizing revenues across relevant short-term flexibility markets through its Entelios Cross-Market Optimisation platform. These services are essential for industrial clients and investors in large-scale BESS looking to maximize the value of energy flexibility, enhance operational efficiencies, and integrate renewable energy solutions.\n\nThrough the LOI, Brenmiller and Entelios plan to mutually develop business models to manage the operation of bGen™ systems and optimize energy costs by entering into multiple flexibility markets. This setup would allow the supply of renewable thermal energy to industrial users in Germany, aiming to reduce emissions by transitioning from natural gas to electricity. Entelios will serve as an expert in optimization and flexibility management services. According to the Europe Thermal Energy Storage Market Report (2022), Germany’s thermal energy storage market is expected to be the dominant m...