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Brenmiller to Deliver Low-Carbon Steam to One of Europe’s Largest Premium Pet Food Manufacturers
Brenmiller to build, own and operate a 30 MWh bGen™ ZERO system in Hungary. This is the first project through which Brenmiller will generate revenues from
About this update from Brenmiller Energy Ltd
[{"type":"text","content":"\n\nBrenmiller to build, own and operate a 30 MWh bGen™ ZERO system in Hungary.\n\n\n\nThis is the first project through which Brenmiller will generate revenues from both selling heat as a service and offering balancing services to the local grid.\n\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 markets, today announced that it has entered a 12-year Heat as a Service (“HaaS”) agreement with Partner in Pet Food Hungaria KFT (“PPF”), one of Europe’s leading private label pet food producers. Under the terms of the agreement, Brenmiller will deliver low-cost and low-carbon steam to PPF and be in a position to offer grid balancing services to the local transmission system operator (“TSO”), MAVIR. The Company expects project costs to total around US $5 million.\n\n\nUnder the terms of the agreement, Brenmiller will design, build, own and operate a 30 MWh bGen™ ZERO system next to PPF’s pet food manufacturing plant in Dombovar, Hungary. Brenmiller’s bGen™ ZERO will take priority over PPF’s existing fossil fuel boilers, significantly reducing the pet food manufacturer’s energy costs and carbon footprint. PPF will purchase steam from Brenmiller at a fixed rate.\n\n\nThe economics of this project are made possible by increasingly favorable regulatory and energy market conditions across Europe. In Hungary, TSO MAVIR recently made heat battery asset owners eligible for compensation through a new capacity market program designed to incentivize flexibility. Brenmiller can also leverage the bGen™ to participate in MAVIR’s grid balancing market and increase project revenues.\n\n\n\"Our Heat as a Service solution is a win-win for Partner in Pet Food. By providing access to heat, while maintaining our ownership of the system, we’re helping our customer achieve both its sustainability and profitability goals and will be able to deliver critical flexibility to Hungary’s electricity grid to support the deployment of more renewables,\" said Brenmiller’s Chairman and Chief Executive Officer, Avi Brenmiller. \"This dual ability is crucial to unlocking the business case for thermal energy storage in industrial applications. We are excited about our long-term agreem...