Rosh Ha’ayin, Israel, May 14, 2024–(BUSINESS WIRE)–Brenmiller Energy, Inc. (“Blenmiller”, “Blenmiller Energy” or the “Company”), a leading global provider of thermal energy storage (“TES”) solutions (Nasdaq: BNRG ) today announced the following: Recognized as an Innovation Champion at the EIB AdVenture Debt Summit. The event brings together venture capital and finance leaders and representatives of the European Commission to discuss market trends, investment needs and challenges for innovative companies. Brenmiller is among the projects and companies in a variety of sectors that have received support from the European Investment Bank (“EIB”) advisory services and his EIB funding.
“The capital from EIB significantly expands our production capacity and helps us commercialize our pioneering thermal energy storage technology,” said Eli Lipman, vice president of innovation and alternative finance for Brennmiller Energy. Stated. “Debt financing from the EIB not only enables us to scale up, but also contributes to building cleaner, richer and safer communities across Europe. We have been recognized by the EIB as an Innovation Champion. I am proud to have been able to do so.”
In April 2021, the European Investment Bank provided Brenmiller with a €7.5 million loan to fund the construction of the world’s first large-scale TES manufacturing facility. Brenmiller’s Gigafactory, which opened in Dimona, Israel in May 2023, is equipped to produce up to 4GWh of his bGen™TES system per year. Brenmiller’s bGen™ TES system gives energy-intensive industries and power producers access to zero-emission heat on demand.
About Brenmiller Energy
Brenmiller Energy helps energy-intensive industries and power producers eliminate their dependence on fossil fuel boilers. Brenmiller’s patented bGen™ thermal battery is a modular, scalable energy storage system that turns renewable electricity into zero-emission heat. It charges using low-cost renewable electricity and provides continuous heat on demand and according to customer needs. As the most experienced thermal battery developer on the market, Brenmiller operates the world’s only thermal battery manufacturing gigafactory and is trusted by major multinational energy companies. For more information, visit his website at https://bren-energy.com/ and follow the company on LinkedIn.
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Tori Bentkober
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