Brenmiller & 'major utility' sign thermal storage agreement
Israeli thermal energy storage (TES) company Brenmiller Energy has signed a non-binding term sheet with “one of the largest producers of clean energy in the world” and Green Enesys Group with a view to a definitive agreement to jointly identify, build, and accelerate electrification by using renewable energies and Brenmiller’s TES system.
“The utility identified Brenmiller’s TES system as a leading decarbonization technology,” a statement said. “The two companies expect to join forces with Green Enesys to accelerate TES deployments.”
Under the terms of this agreement, Brenmiller’s TES units will be produced at its production facility in Israel. The parties have the option to implement a joint production line in Europe to be used for the utility’s projects. The non-binding term sheet also includes the option for the utility to become a strategic investor for a minority stake in the company.
Brenmiller Energy says 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.