Brenmiller Successfully Hands Over its First bGen™ Thermal Energy Storage System in the U.S. to State University of New York (SUNY)
February 06 2024 - 7:30AM
Business Wire
Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy” or the
“Company”) (Nasdaq: BNRG), a global leader in thermal energy
storage (“TES”), today announced that it has completed all required
system tests and operator training and has handed over its first
bGen™ installation in the United States to a State University of
New York (SUNY) campus.
The bGen™ storage system installation at a SUNY college charges
by using both exhaust gas and electricity and discharges heat on
demand. Brenmiller’s bGen™ is expected to eliminate approximately
550 metric tons of greenhouse gas emissions for SUNY annually.
Developed and deployed in partnership with the New York Power
Authority, the largest state power organization in the U.S., the
project was financed in part by a grant from the Israel-U.S.
Binational Industrial Research and Development (BIRD)
Foundation.
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.
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 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 bGen™ is expected to eliminate approximately 550 metric tons
of greenhouse gas emissions for SUNY annually. 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; risks associated with the adequacy of
existing cash resources; 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; trade, legal, social and
economic risks; and political, economic and military instability in
the Middle East, specifically in Israel. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240206903043/en/
Tori Bentkover brenmillerenergy@antennagroup.com
Brenmiller Energy (NASDAQ:BNRG)
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