Brenmiller Begins bGen™ ZERO Construction at Tempo’s Beverage Manufacturing Plant
June 10 2024 - 7:45AM
Business Wire
- Brenmiller expected to break ground on highly anticipated
electrification project for Tempo, Heineken-backed beverage
manufacturer
- Brenmiller will replace Tempo’s fossil fuel boilers with 32 MWh
bGen™ TES system to deliver sustainable process heat
- Brenmiller’s bGen™ TES system estimated to mitigate over 6,200
tons of carbon emissions annually and save Tempo an estimated $7.5
million over 15 years by eliminating the use of approximately 2,000
tons of heavy fuel each year
Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy” or the
“Company”) (Nasdaq: BNRG), a leading global provider of thermal
energy storage ("TES") solutions to industrial and utility markets,
today announced that it has moved into the construction phase of
development at Tempo Beverages Ltd.’s (“Tempo”) beverage production
plant in Netanya, Israel, with plans to begin on-site assembly by
the end of September 2024. Brenmiller is replacing Tempo’s fossil
fuel boilers with a 32 MWh bGen™ TES system and will deliver
sustainable process heat through an Energy as a Service (EaaS)
model. Tempo is partially owned by Heineken International B.V. and
is one of Israel’s largest producers and distributors of beverages
for brands including Heineken and Pepsi.
Brenmiller’s bGen™ TES system for Tempo will charge using a
combination of roof-top solar and ultra-low-cost off-peak grid
power. The system is being configured to meet the beverage
manufacturer’s precise operational needs and the final system
design is expected to be completed by the end of July 2024.
Brenmiller has started procuring the necessary components to
manufacture Tempo’s bGen™ system and all system manufacturing will
be completed at Brenmiller’s TES gigafactory in Dimona, Israel.
System assembly is expected to be completed by the end of 2024 and
commissioned in May 2025.
“We are pleased to report that our project to replace Tempo’s
polluting heavy oil boilers with our bGen™ thermal battery is
progressing according to schedule and is on-track to be
commissioned less than a year from now,” stated Brenmiller’s
Chairman and CEO, Avi Brenmiller. “The food and beverage industry
is one of the top global consumers of thermal energy. Our project
with Tempo serves as a great model for how our bGen™ TES system can
benefit other food and beverage producers, a sector from which we
are seeing strong demand.”
Approximately 15% of Brenmiller’s $500 million-plus project
pipeline is with food and beverage manufacturers, representing its
largest industry vertical by project count. The Company’s Dimona
gigafactory has the production capacity to support potential sales
of up to $200 million.
About bGen™
bGen™, Brenmiller’s TES system, converts electricity into heat
to power sustainable industrial processes at a price that is
competitive with natural gas. The bGen™ charges by capturing
low-cost electricity from renewables or the grid and stores it in
crushed rocks. It then discharges steam, hot water or hot air on
demand according to customer requirements. The bGen™ also supports
the development of utility-scale renewables by providing critical
flexibility and grid-balancing capabilities. bGen™ was named among
TIME’s Best Inventions of 2023 in the Green Energy category.
About Brenmiller Energy Ltd.
Brenmiller Energy helps energy-intensive industries and power
producers end their reliance on fossil fuel boilers. Brenmiller’s
patented bGen™ thermal battery is a modular and scalable energy
storage system that turns renewable electricity into zero-emission
heat. It charges using low-cost renewable electricity and
discharges a continuous supply of heat on demand and according to
its customers’ needs. The most experienced thermal battery
developer on the market, Brenmiller operates the world’s only
gigafactory for thermal battery production and is trusted by
leading multinational energy companies. For more information visit
the Company’s website at https://bren-energy.com/ and follow the
company on X (formerly Twitter) and LinkedIn. Information on, or
accessible through, the websites mentioned above does not form part
of this press release.
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 discusses:
the installation of bGen™ ZERO at the Tempo plant and the timeline
for the various installation phases, including that the final
system design is expected to be completed by the end of July 2024,
that the Company will commence on site assembly of the bGen™ system
by the end of September 2024, that assembly is expected to be
completed by the end of the 2024 and commissioned in May 2025, the
Company’s $500 million-plus project pipeline, and that the
Company’s Dimona gigafactory has the production capacity to support
potential sales of up to $200 million. 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, 2023 filed with the SEC on March 18, 2024,
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/20240610881538/en/
Tori Bentkover brenmillerenergy@antennagroup.com
Brenmiller Energy (NASDAQ:BNRG)
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