Brenmiller Energy Establishes Joint Venture in Europe to Scale bGen™ Technology Adoption Across Europe
Brenmiller Energy (Nasdaq: BNRG) has announced the formation of a new joint venture, Brenmiller Europe S.L., in partnership with renewable energy developers Green Enesys and Viridi RE. This Spanish aims to rapidly expand the adoption of Brenmiller's bGen™ technology across Europe, focusing on product sales, energy services, and project-level financing in high-growth markets.
The joint venture will leverage Green Enesys and Viridi's expertise in developing large-scale clean energy projects, with Brenmiller retaining majority ownership and manufacturing bGen™ modules at its gigafactory in Dimona. Brenmiller Europe has exclusive distribution rights for bGen™ systems in major European countries, subject to certain revenue and performance requirements.
This strategic move is expected to accelerate Brenmiller's ability to deliver and expand its global sales and service infrastructure, capitalizing on Europe's supportive regulatory environment and clean energy cost-benefit landscape. The joint venture will focus on a substantial portion of Brenmiller's $440 million global project pipeline opportunities originating in Europe, spanning nine industries across eleven countries.
Brenmiller Energy (Nasdaq: BNRG) ha annunciato la formazione di una nuova joint venture, Brenmiller Europe S.L., in collaborazione con i sviluppatori di energia rinnovabile Green Enesys e Viridi RE. Questa iniziativa spagnola mira ad accelerare rapidamente l'adozione della tecnologia bGen™ di Brenmiller in tutta Europa, concentrandosi sulle vendite di prodotti, sui servizi energetici e sul finanziamento a livello di progetto nei mercati a forte crescita.
La joint venture sfrutterà l'esperienza di Green Enesys e Viridi nello sviluppo di progetti di energia pulita su larga scala, mentre Brenmiller manterrà la maggioranza della proprietà e produrrà i moduli bGen™ nella sua gigafactory a Dimona. Brenmiller Europe ha diritti di distribuzione esclusivi per i sistemi bGen™ nei principali paesi europei, soggetti a determinati requisiti di fatturato e prestazioni.
Questa mossa strategica dovrebbe accelerare la capacità di Brenmiller di fornire ed espandere la sua infrastruttura globale di vendita e servizio, capitalizzando sull'ambiente normativo favorevole dell'Europa e sul paesaggio dei costi e benefici dell'energia pulita. La joint venture si concentrerà su una parte sostanziale delle opportunità di pipeline di progetti globali di Brenmiller, del valore di 440 milioni di dollari, provenienti dall'Europa e che abbracciano nove settori in undici paesi.
Brenmiller Energy (Nasdaq: BNRG) ha anunciado la formación de una nueva joint venture, Brenmiller Europe S.L., en asociación con los desarrolladores de energía renovable Green Enesys y Viridi RE. Esta iniciativa española tiene como objetivo ampliar rápidamente la adopción de la tecnología bGen™ de Brenmiller en Europa, centrándose en las ventas de productos, los servicios energéticos y la financiación a nivel de proyectos en mercados de alto crecimiento.
La joint venture aprovechará la experiencia de Green Enesys y Viridi en el desarrollo de proyectos de energía limpia a gran escala, mientras que Brenmiller conservará la propiedad mayoritaria y fabricará módulos bGen™ en su gigafábrica en Dimona. Brenmiller Europe tiene derechos de distribución exclusivos para los sistemas bGen™ en los principales países europeos, sujetos a ciertos requisitos de ingresos y rendimiento.
Este movimiento estratégico se espera que acelere la capacidad de Brenmiller para proporcionar y expandir su infraestructura global de ventas y servicios, capitalizando el entorno regulatorio favorable de Europa y el paisaje de costos y beneficios de la energía limpia. La joint venture se enfocará en una porción sustancial de las oportunidades del pipeline de proyectos globales de Brenmiller, que asciende a 440 millones de dólares y que provienen de Europa, abarcando nueve industrias en once países.
Brenmiller Energy (Nasdaq: BNRG)는 재생 에너지 개발업체 Green Enesys 및 Viridi RE와 협력하여 새로운 합작 투자회사 Brenmiller Europe S.L.를 설립한다고 발표했습니다. 이 스페인 합작회사는 Brenmiller의 bGen™ 기술의 유럽 전역에서의 빠른 채택 확대를 목표로 하며, 제품 판매, 에너지 서비스 및 고성장 시장에서의 프로젝트 수준의 금융에 중점을 두고 있습니다.
합작 투자회사는 청정 에너지 프로젝트를 대규모로 개발하는 Green Enesys와 Viridi의 전문 지식을 활용하고, Brenmiller는 Dimona에 있는 기가팩토리에서 bGen™ 모듈의 대다수 소유권과 생산권을 유지합니다. Brenmiller Europe는 주요 유럽 국가에서 bGen™ 시스템의 독점 유통권을 보유하고 있으며, 특정 수익 및 성과 요건에 따라 다릅니다.
이 전략적 조치는 Brenmiller의 글로벌 판매 및 서비스 인프라를 제공하고 확장하는 능력을 가속화할 것으로 예상되며, 유럽의 유리한 규제 환경과 청정 에너지의 비용-편익 환경을 활용할 수 있습니다. 합작 투자회사는 유럽에서 발생하는 Brenmiller의 4억 4천만 달러 규모의 글로벌 프로젝트 파이프라인 기회 중 상당 부분에 집중할 것입니다. 이는 11개 국가의 9개 산업에 걸쳐 있습니다.
Brenmiller Energy (Nasdaq: BNRG) a annoncé la formation d'une nouvelle coentreprise, Brenmiller Europe S.L., en partenariat avec les développeurs d'énergie renouvelable Green Enesys et Viridi RE. Cette coentreprise espagnole vise à élargir rapidement l'adoption de la technologie bGen™ de Brenmiller à travers l'Europe, en se concentrant sur les ventes de produits, les services énergétiques et le financement de projets dans des marchés à forte croissance.
La coentreprise s'appuiera sur l'expertise de Green Enesys et Viridi dans le développement de projets d'énergie propre à grande échelle, tandis que Brenmiller conservera la majorité de la propriété et fabriquera des modules bGen™ dans sa gigafactory à Dimona. Brenmiller Europe détient des droits de distribution exclusifs pour les systèmes bGen™ dans les principaux pays européens, sous réserve de certains critères de revenus et de performance.
Ce mouvement stratégique devrait accélérer la capacité de Brenmiller à fournir et à étendre son infrastructure mondiale de vente et de service, tirant parti de l'environnement réglementaire favorable et du paysage des coûts et des avantages de l'énergie propre en Europe. La coentreprise se concentrera sur une part substantielle des opportunités de pipeline de projets mondiaux de Brenmiller, évaluées à 440 millions de dollars, originaires d'Europe et s'étendant sur neuf secteurs dans onze pays.
Brenmiller Energy (Nasdaq: BNRG) hat die Gründung eines neuen Joint Ventures, Brenmiller Europe S.L., in Partnerschaft mit den Entwicklern erneuerbarer Energien Green Enesys und Viridi RE angekündigt. Dieses spanische Unternehmen zielt darauf ab, die Einführung der bGen™-Technologie von Brenmiller in Europa schnell auszubauen, wobei der Schwerpunkt auf Produktverkäufen, Energiedienstleistungen und Projektfinanzierungen in wachstumsstarken Märkten liegt.
Das Joint Venture wird die Expertise von Green Enesys und Viridi im Bereich der Entwicklung großangelegter Projekte für saubere Energie nutzen, während Brenmiller die Mehrheit der Anteile behält und bGen™-Module in seiner Gigafabrik in Dimona produziert. Brenmiller Europe hat exklusive Vertriebsrechte für bGen™-Systeme in wichtigen europäischen Ländern, die an bestimmte Umsatz- und Leistungsanforderungen gebunden sind.
Dieser strategische Schritt wird voraussichtlich Brenmillers Fähigkeit beschleunigen, seine globale Verkaufs- und Serviceinfrastruktur bereitzustellen und auszubauen und gleichzeitig die günstigen regulatorischen Bedingungen und das Kosten-Nutzen-Verhältnis für saubere Energie in Europa zu nutzen. Das Joint Venture wird sich auf einen wesentlichen Teil von Brenmillers 440 Millionen US-Dollar globalen Projektpipeline-Möglichkeiten konzentrieren, die aus Europa stammen und neun Branchen in elf Ländern abdecken.
- Formation of Brenmiller Europe S.L. joint venture to expand bGen™ technology adoption in Europe
- Partnership with experienced renewable energy developers Green Enesys and Viridi RE
- Exclusive distribution rights for bGen™ systems in major European countries
- Access to a substantial portion of Brenmiller's $440 million global project pipeline opportunities
- Potential for additional recurring revenues through Heat-as-a-Service (HaaS) model
- Distribution rights subject to certain revenue and performance requirements
Insights
The formation of Brenmiller Europe S.L. represents a significant strategic move for Brenmiller Energy to accelerate its European expansion. This joint venture leverages the expertise of Green Enesys and Viridi in developing large-scale clean energy projects, potentially enhancing Brenmiller's ability to secure and execute projects more efficiently.
The JV's focus on major European countries aligns with the region's strong renewable energy infrastructure and supportive regulatory environment. With Europe accounting for a substantial portion of Brenmiller's
The Heat-as-a-Service (HaaS) model mentioned is particularly intriguing, as it could provide recurring revenue streams and lower barriers to adoption for potential customers. This approach, combined with the manufacturing of bGen™ modules at Brenmiller's gigafactory, positions the company to potentially capture significant market share in the thermal energy storage sector.
However, investors should note that while the opportunity is substantial, the success of this venture will depend on the JV's ability to effectively convert the pipeline into executed projects and navigate the complexities of multiple European markets.
Established in partnership with leading renewable energy developers Green Enesys and Viridi, Brenmiller Europe S.L., assumes responsibility for Brenmiller Energy Ltd. projects in major European countries, which represents a substantial amount of Brenmiller’s global
Brenmiller Europe will capitalize on Green Enesys and Viridi's expertise in developing and deploying large-scale clean energy projects in
"The opportunities in
“Our joint venture with Brenmiller Energy represents a significant step in advancing clean energy solutions across Europe,” said Brenmiller Europe Managing Director José Luis Morán. “By integrating our project development expertise with Brenmiller’s innovative thermal technology, we’re driving the decarbonization of key industries and expanding the reach of sustainable energy solutions.”
Brenmiller will manufacture bGen™ modules at its gigafactory in Dimona while retaining ownership of its intellectual property. The JV, for which Brenmiller Energy will be a majority shareholder, aims to rapidly expand the adoption of bGen™ systems throughout
Brenmiller Energy delivers low-carbon heat through direct technology sales and a Heat-as-a-Service (HaaS) model. The latter lowers energy transition costs for customers and allows Brenmiller to capture additional recurring revenues through participation in energy market programs.
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.
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 Green Enesys and Viridi
Viridi RE Group, established in 2006, and Green Enesys Group, founded in 2009, are international developers of renewable energy projects with a robust presence in
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 possibility of Brenmiller Europe to capitalize on Green Enesys and Viridi's expertise in developing and deploying large-scale clean energy projects in
View source version on businesswire.com: https://www.businesswire.com/news/home/20240925409114/en/
Media Contact for Brenmiller Energy:
Tori Bentkover
brenmillerenergy@antennagroup.com
Source: Brenmiller Energy Ltd.
FAQ
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