Brenmiller’s Launches bGen™ ZERO for Renewable Power-to-Heat and Industrial Decarbonization, Expects to Unlock New Revenue Streams
09 8월 2023 - 9:00PM
Business Wire
- Register for Brenmiller’s live webinar, followed by
Q&A:
- English webinar: Wednesday, August 9, 2023 at 11:00 AM EDT
- Hebrew webinar: Thursday, August 10, 2023 at 10:30 AM IDT
- High-performance bGen™ ZERO is key to Brenmiller’s strategic
focus of scaling TES systems from renewable electricity to meet
demand for low-cost, zero-emission clean heat to decarbonize
industrial and power sectors
- The proprietary design produces best-in-class cycle efficiency,
boasting a 34% improvement in energy density and 40% increase in
charging power compared to the first generation bGen™ product
- The bGen ZERO will be produced at Brenmiller’s gigafactory in
Dimona, Israel, producing up to 4GWh of bGen systems annually to
serve the Company's pipeline
Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy” or the
“Company”) (Nasdaq: BNRG, TASE: BNRG), a clean energy company that
provides Thermal Energy Storage (“TES”) systems to global
industrial and utility markets, today unveiled the next generation
of its market-leading, high-performance TES system, the bGen™ ZERO
as part of the Company’s strategic focus to deliver cost-efficient,
zero-carbon emissions heat. By electrifying heat, the bGen ZERO is
designed to address growing market demand for decarbonization
solutions in the industrial and power sectors.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230809294768/en/
Brenmiller's second generation thermal
energy storage system, the bGen ZERO
The bGen ZERO offers a modular, flexible design with fast charge
and discharge times, all without the use of hazardous materials.
Additional highlights and improvements from prior bGen™ systems
include:
- Improved Efficiency: 33% reduction in heat loss, 99%
charging efficiency, 97% cycle efficiency (power to heat), and 98%
year-round availability.
- Boosted Energy Density: 34% improvement in energy
density and 40% improvement in discharge power.
- Swift Response and Continuous Operation: Engineered for
fast one second response rate and uninterrupted operation at
maximum capacity, tailored for high demands of the power grid for
reserve power and stability.
- Compact and Modular: Fully modular, productized solution
that ensures the highest quality standards, rapid on-site
installation, and commissioning. Occupies minimal space due to its
unlimited storage height.
- Impressive Steam Power Generation: Delivers substantial
steam power generation, offering a stable steam supply for various
power, commercial and industrial applications.
- Smart and Safe Operations: Features an intelligent
module operation package with predictive maintenance and optimized
performance based on market prices one day ahead, coupled with
storage performance insights. Remote control operation via the
Brenmiller control center. Robust cyber protection measures to
ensure security and reliability.
The unveiling of this new product underscores a strategic
evolution in the Company’s focus on power-to-heat for the
industrial market. The bGen ZERO design, paired with performance
improvements, presents a multi-use solution to tap into
decarbonization which Brenmiller believes will unlock new revenue
streams across applications including grid services. Brenmiller has
also identified to avenues in which to offer their product in order
to expand access to its TES solution:
- Direct Equipment Sale: Brenmiller continues to offer its
second-generation TES solution for direct purchase by and
integration with industrial facilities and power plants. The
Company generates recurring revenues by providing after sales
services such as warranty, maintenance, and optimization.
- Energy as a Service: Brenmiller generates recurring
revenue streams by partnering with clean energy utilities for grid
services. Brenmiller provides the bGen ZERO technology and
integration while the partner provides clean electricity and
financial support. Engaging in grid services unlocks a new,
significant revenue stream for Brenmiller, while the end customer
benefits from no capital expenditures, reduced operation risk, and
emissions reductions. The bGen ZERO helps boost flexibility and
stability for power grids by using excess renewable energy to
generate heat.
“We named our next-generation system ZERO, because it charges
from clean power sources such as solar and wind, produces clean
heat, eliminates carbon in the production process, reduces costs,
and importantly, bGen ZERO itself is built from environmentally
friendly, nonhazardous materials,” said Avi Brenmiller, President
and CEO of Brenmiller. “Our new high-performance design is the
culmination of years of pilots and installations with customers
across a variety of applications. Based on our market experience,
we believe that the greatest impact our technology can deliver for
the environment and for our customers is in the electrification of
heat to provide 100% clean energy to industry, replacing the
outdated polluting boilers of yesterday.”
Brenmiller has signed several memorandums of understanding and
is currently in talks with major industrial and clean energy
companies for more collaborative agreements. The Company’s
commercial pipeline includes systems which could be deployed in
multiple industries including food and beverage, hospitals,
chemicals and green hydrogen.
The Company will host a live webinar today, August 9, at 11 AM
EDT, followed by Q&A. Register here. The webinar will be held
in Hebrew on Thursday, August 10, at 10:30 AM IDT. Register here.
The webinars will also be made available on-demand on the Company’s
website.
About Brenmiller Energy Ltd.
Brenmiller Energy delivers scalable thermal energy storage
solutions and services that allow customers to cost-effectively
decarbonize their operations. Its patented bGen thermal storage
technology enables the use of renewable energy resources, as well
as waste heat, to heat crushed rocks to very high temperatures.
They can then store this heat for minutes, hours, or even days
before using it for industrial and power generation processes. With
bGen, organizations have a way to use electricity, biomass and
waste heat to generate the clean steam, hot water and hot air they
need to mold plastic, process food and beverages, produce paper,
manufacture chemicals and pharmaceuticals or drive steam turbines
without burning fossil fuels. For more information visit the
company’s website at https://bren-energy.com/ and follow the
company on Twitter and LinkedIn.
Forward Looking Statements
This press release contains “forward-looking statements” within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 and other federal and Israeli
securities laws. Statements that are not statements of historical
fact may be deemed to be forward-looking statements. For example,
the Company is using forward-looking statements when discussing the
bGen ZERO’s potential to meet demand for low-cost, zero-emission
clean heat to decarbonize industrial and power sectors and to
unlock new revenue streams across applications including grid
services; the Company’s commercial pipeline; future collaborative
agreements with major industrial and clean energy companies; and
the Company’s presentation regarding the launch of its
next-generation bGen ZERO TES system. Without limiting the
generality of the foregoing, words such as “plan,” “project,”
“potential,” “seek,” “may,” “will,” “expect,” “believe,”
“anticipate,” “intend,” “could,” “estimate” or “continue” are
intended to identify forward-looking statements. Readers are
cautioned that certain important factors may affect the Company’s
actual results and could cause such results to differ materially
from any forward-looking statements that may be made in this press
release. Factors that may affect the Company’s results include, but
are not limited to, the Company’s planned level of revenues and
capital expenditures, the demand for and market acceptance of our
products, impact of competitive products and prices, product
development, commercialization or technological difficulties, the
success or failure of negotiations and trade, legal, social and
economic risks and the risks associated with the adequacy of
existing cash resources. The forward-looking statements contained
or implied in this press release are subject to other risks and
uncertainties, many of which are beyond the control of the Company,
including those set forth in the Risk Factors section of the
Company’s Annual Report on Form 20-F for the year ended December
31, 2022 filed with the SEC on March 22, 2023, filed with the U.S.
Securities and Exchange Commission (“SEC”), which is available on
the SEC’s website, www.sec.gov. The Company undertakes no
obligation to update these statements for revisions or changes
after the date of this release, except as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230809294768/en/
Media: Tori Bentkover
brenmillerenergy@antennagroup.com
Brenmiller Energy (NASDAQ:BNRG)
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