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- The factory is expected to operate at full capacity by the end of 2023 and produce up to 4GWh of bGen\u2122 systems annually to serve the Company’s pipeline of clean energy projects.<\/i><\/li>\n
- To its knowledge, Brenmiller is the first global thermal energy storage company to establish a gigawatt-scale production line.<\/i><\/li>\n
- The inauguration featured remarks from Avi Brenmiller, Founder, CEO and Chairman of the Board of Brenmiller Energy, Benny Biton, Mayor of Dimona, Israel, and Dr. Ron Tomer, President of the Manufacturers Association of Israel<\/i>\u00a0\n<\/li>\n<\/ul>\n
ROSH HA\u2019AYIN, Israel–(BUSINESS WIRE<\/a>)–Brenmiller Energy Ltd.<\/a> (\u201cBrenmiller\u201d, \u201cBrenmiller Energy\u201d, or the \u201cCompany\u201d) (Nasdaq: BNRG, TASE: BNRG), a global leader in thermal energy storage (\u201cTES\u201d), today inaugurated its TES gigafactory in Dimona, Israel. Avi Brenmiller, the founder, CEO and Chairman of the Board of Directors of the Company, was joined by Benny Biton, Mayor of Dimona, and Dr. Ron Tomer, President of the Manufacturers Association of Israel, to mark the occasion. The new facility will serve as Brenmiller\u2019s primary manufacturing hub and its production lines are expected to reach full capacity by the end of 2023, producing up to 4 GWh of its patented bGen\u2122 TES modules annually. To the Company\u2019s knowledge, its factory in Dimona is the world\u2019s first-ever TES gigafactory.<\/p>\n
This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230502005795\/en\/<\/a><\/p>\n
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<\/p>\nLeft to Right: Dr. Ron Tomer, President of the Manufacturers Association of Israel, Avi Brenmiller, CEO and Chairman of Brenmiller Energy, Benny Biton, Mayor of Dimona, and Dr. Gideon Friedmann, Chief Scientist at the Israel Ministry of Energy inaugurate Brenmiller\u2019s TES gigafactory in Israel (Photo: Business Wire)<\/p>\n<\/div>\n
\n\u201cWe\u2019re Israeli\u2014we\u2019re building technologies that can reach up to 1400\u00b0F in the middle of the desert\u2014we know a thing or two about harnessing heat, and we\u2019re ready to share that knowledge with the world,\u201d said Avi Brenmiller, founder and CEO at Brenmiller Energy. \u201cUnveiling our TES gigafactory marks a pivotal milestone in our Company\u2019s history: what started as a family business has grown into a Company that can help the global economy\u2019s efforts to decarbonize, and we believe our gigawatt-scale production capacity will allow us to meet growing demand for our solutions from industrial and utility customers.\u201d<\/p>\n
\nFinanced by the European Investment Bank (EIB) through a \u20ac7.5 million ($8.2 million) facility agreement with EIB, Brenmiller\u2019s TES gigafactory is equipped with advanced machinery and features a rooftop photovoltaic (PV) solar system to help power its operations with renewable energy.<\/p>\n
\n“The need for energy independence throughout the EU is indisputable,” said Thomas \u00d6stros, the EIB Vice-President responsible for energy. “Renewables alone, however, will not solve our energy or climate crisis. Long-duration energy storage is critical to back up renewable intermittency, decarbonize our electric grids and industrial factories, and ensure a secure energy supply. We’re pleased to have provided financing for Brenmiller’s gigafactory, which will manufacture thermal energy storage technologies that help the EU overcome today’s critical energy challenges.”<\/p>\n
\n\u201cDimona has a rich history of energy innovation and is proud to be home to Brenmiller\u2019s new TES gigafactory. Brenmiller\u2019s production facility will create well-paying jobs and attract competitive talent to the region,\u201d said Benny Biton, Mayor of Dimona.<\/p>\n
\n\u201cNearly half of all Israeli exports come from the high-tech sector,\u201d said Dr. Ron Tomer, president of the Manufacturers Association of Israel. \u201cBrenmiller\u2019s gigafactory will strengthen the impact that Israel\u2019s manufacturing community can have on the global economy by producing truly innovative decarbonization technology.\u201d<\/p>\n
\nBrenmiller\u2019s bGen TES system is an intelligent, scalable, and cost-effective solution that enables industrial- and utility-scale decarbonization by turning renewable electricity into clean steam, hot water, or hot air. This provides industrial factories and power plants critical reliability, protection from renewable intermittency and fluctuations in energy market prices, in addition to 24\/7 access to electric heat.<\/p>\n
About Brenmiller Energy Ltd.<\/b><\/p>\n
\nBrenmiller 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\u2019s website at https:\/\/bren-energy.com\/<\/a> and follow the company on Twitter<\/a> and LinkedIn<\/a>.<\/p>\n
Forward Looking Statements<\/b><\/p>\n
\nThis press release contains \u201cforward-looking statements\u201d within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities 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 in this press release when it discusses that its new facility will serve as Brenmiller\u2019s primary manufacturing hub and its production lines are expected to reach full capacity by the end of 2023, producing up to 4 GWh of its patented bGen\u2122 TES modules annually, its belief that it is building technologies that can reach up to 1400\u00b0F in the middle of the desert, its readiness to share its knowledge about harnessing heat with the world, its belief that its gigawatt-scale production capacity will allow it to meet growing demand for its solutions from industrial and utility customers, its belief that it has a unique capacity to meet its customers\u2019 needs in the future, that its production facility will create well-paying jobs and attract competitive talent to the region and that its gigafactory will strengthen the impact that Israel\u2019s manufacturing community can have on the global economy. Without limiting the generality of the foregoing, words such as \u201cplan,\u201d \u201cproject,\u201d \u201cpotential,\u201d \u201cseek,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201cbelieve,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201ccould,\u201d \u201cestimate\u201d or \u201ccontinue\u201d are intended to identify forward-looking statements. Readers are cautioned that certain important factors may affect the Company\u2019s 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\u2019s results include, but are not limited to, the Company\u2019s 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\u2019s 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 (\u201cSEC\u201d), which is available on the SEC\u2019s website, www.sec.gov<\/a>. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.<\/p>\n
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View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230502005795\/en\/<\/a><\/span><\/p>\n
Media:
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Tori Bentkover
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brenmillerenergy@antennagroup.com<\/a><\/p>\nKEYWORDS:<\/b> Israel Middle East<\/p>\n
INDUSTRY KEYWORDS:<\/b> Other Energy Utilities Sustainability Environment Alternative Energy Energy Environmental Health Green Technology<\/p>\n
- To its knowledge, Brenmiller is the first global thermal energy storage company to establish a gigawatt-scale production line.<\/i><\/li>\n
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