Brenmiller Energy and TUTCO, a Global Leader in Electric Heating, Enter Manufacturing Agreement as bGen™ ZERO is Set for Commercial Deliveries
November 21 2024 - 7:30AM
Business Wire
- TUTCO to manufacture and sell resistive heaters to
Brenmiller
- TUTCO heaters to be used in bGen™ ZERO systems set to be
delivered to current projects in Israel and Europe as well as new
projects expected from Brenmiller’s robust global project
pipeline
- Brenmiller Energy and TUTCO are joining forces with an aim
to accelerate the shift toward electrification and decarbonization
of industry
Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy" or the
"Company") (Nasdaq: BNRG), a pioneer in developing thermal storage
(“TES”) systems, today announced it has entered into a
manufacturing and supply agreement with U.S.-based TUTCO Heating
Solutions Group (“TUTCO”), a global leader in the supply of
electric resistive heating elements and subsidiary of London-based
Smiths Group (LSE: SMIN), a £5.6 billion industrial technology
company. TUTCO has designed, and will manufacture, heaters that are
key components of Brenmiller’s next-generation bGen™ ZERO TES
systems.
Brenmiller’s award-winning TES technology is a sustainable heat
battery that uses crushed rocks to store high-temperature heat.
Powered by renewable energy, bGen™ ZERO generates carbon-free heat,
steam or hot air, ensuring stable conditions for 24/7 operation.
The heaters, which TUTCO will supply to Brenmiller, will capture
electricity from renewable sources, converting the electricity to
heat which will then be stored in crushed rocks in bGen™ ZERO’s
bCubes™.
The manufacturing agreement with TUTCO will support the
completion of the bGen™ ZERO system, with the first three units set
for delivery to Tempo Beverages Ltd., the sole producer and
distributor of Heineken and Pepsi products in Israel, Wolfson
Hospital, and Partner in Pet Food Hungaria, one of Europe’s leading
private label pet food producers. More bGen™ ZERO installations are
expected from Brenmiller’s $440 million global pipeline of
commercial opportunities.
“TUTCO Heating Solutions Group is committed to leveraging
engineering expertise to foster a more sustainable future. Thermal
energy storage represents a significant stride towards a greener
planet, and we are delighted to collaborate with Brenmiller Energy.
We anticipate the global deployment of this technology for years to
come,” said A.J. Nidek, a Sales Leader at the TUTCO Heating
Solutions Group.
TUTCO is actively contributing to the global shift towards
electrification and decarbonization by providing efficient heating
solutions that support environmental initiatives. Their focus on
innovation, combined with a commitment to quality and
responsiveness to market needs, makes TUTCO a strong partner for
industries transitioning to electric heat.
“As we ramp up commercial production of bGen™ ZERO to meet
growing demand, we are very pleased to work with TUTCO, a heating
industry giant that is committed to decarbonization. Built with the
highest quality components and systems, we believe that our bGen™
ZERO is designed to deliver sustainable power for decades to come,”
stated Avi Brenmiller, CEO and founder of Brenmiller Energy.
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.
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 future manufacturing of the TUTCO heaters as key components of
Brenmiller’s bGen™ ZERO TES systems; that the manufacturing
agreement with TUTCO will support the completion of the bGen™ ZERO
system; the delivery of the first three units of the bGen™ ZERO to
Tempo Beverages Ltd., Wolfson Hospital, and Partner in Pet Food
Hungaria; the expected installations of bGen™ ZERO to Brenmiller’s
$440 million global pipeline of commercial opportunities; global
deployment of the bGen™ ZERO technology for years to come; and that
bGen™ ZERO’s design will deliver sustainable power for decades to
come. 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 crucial 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/20241121411485/en/
Media: Tori Bentkover brenmillerenergy@antennagroup.com
Sam Robinson samuel.robinson@tutco.com
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