bGen thermal energy storage system also shortlisted for “Grid-Scale Co-Located or Hybrid Project of the Year” category
Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy” or the “Company”) (Nasdaq: BNRG), a leading global provider of thermal energy storage (“TES”) solutions for utility and industrial markets, today announced that its industry-leading bGen TES system has been shortlisted for the 2023 Energy Storage Awards in the Product of the Year and Grid-Scale Co-Located or Hybrid Energy Storage Project of the Year categories.
The Energy Storage Awards aims to reward excellence and hard work in the European industry, recognizing the pioneering spirit and dedication to positive change it represents. Final awards will be announced at a ceremony that will take place on September 28, 2023, in London, UK.
Brenmiller’s award-winning bGen™ and recently launched bGen ZERO are mature, scalable, and cost-effective systems that convert electricity into heat to provide industrial process power and enable 24/7 renewable energy management. The Company’s strategic focus is to decarbonize industrial and power generation sectors by scaling low-cost and sustainable TES systems that capture power from renewable resources or the grid and that generate steam, hot water or hot air on demand.
“It’s an honor to see our bGen shortlisted for these two awards, including Product of the Year, and for our grid-scale project with Enel, from the Energy Storage Awards. In order for the energy transition to happen seamlessly, renewable energy needs to be affordable and available around the clock, and we believe our thermal energy storage solution is one of the most cost-efficient, durable, and high-performance options available on the market today,” stated Avi Brenmiller, CEO and Chairman of Brenmiller Energy.
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 X (formerly Twitter) and LinkedIn.
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 in this press release when it states that in order for the energy transition to happen seamlessly, renewable energy needs to be affordable and available around the clock. 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 21, 2023, 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.