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Brenmiller Energy’s Automated Thermal Energy Storage Production Facility on Track to Ramp Production to Full Capacity by Q4 2023
Brenmiller believes it is on track to become one of the first global thermal energy storage (TES) companies with an operational TES production facility that
About this update from Brenmiller Energy Ltd
[{"type":"text","content":"\n\nBrenmiller believes it is on track to become one of the first global thermal energy storage (TES) companies with an operational TES production facility that will enable it to service the growing market demand.\n\n\nUp to 4,000 MWh of clean energy capacity through bGen TES modules annually\n\n\n ROSH HA’AYIN, Israel--(BUSINESS WIRE)--\nBrenmiller Energy Ltd. (\"Brenmiller\", \"Brenmiller Energy” (TASE: BNRG, Nasdaq: BNRG), a global leader in thermal energy storage (TES), announced today a milestone in the construction of its production facility in Dimona, Israel where the Company’s bGen TES modules are manufactured. Having received the majority of equipment for the facility build-out, the Dimona facility is expected to start its initial production by May 2023. Full production capacity for up to 4,000 MWh of clean energy bGen TES modules annually is expected by the end of 2023. The equipment purchase order was financed through a non-dilutive €7.5 million credit facility with the European Investment Bank (\"EIB\").\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230330005551/en/Brenmiller's Dimona facility will produce 4,000 MWh of clean energy capacity through bGen TES modules annually. (Photo: Business Wire)\n“We believe Brenmiller is on track for another TES industry first—that, by the end of 2023, it will become one of the first global TES companies with an operational TES production facility that will enable it to service the growing market demand.” stated Brenmiller President and CEO Avi Brenmiller. “The impending completion of our production facility is well timed, as we expect to increase commercial orders based on our current project pipeline and the completion of pilot projects now underway.”\n\nBrenmiller’s bGen TES system is an intelligent, scalable, and cost-effective technology that provides industrial facilities and power producers around-the-clock low-carbon heat. In addition to renewables, the bGen system can store energy generated by waste heat, biomass, and other types of clean energy for minutes, hours, or days and produce steam, hot water, or hot air that can be accessed on-demand. This provides critical reliability, protection from renewable intermittency and fluctuations in energy market prices, as well as a solution to decarbonize heat generat...