Brenmiller signs Waaree Indian storage MoU
Thermal energy storage (TES) system provider Brenmiller Energy has signed a memorandum of understanding (MoU) with Waaree Energies, India’s largest manufacturer of solar panels, to install energy storage systems in India.
The announcement marks Brenmiller’s entrance into the Indian market.
Under the terms of the MoU, Brenmiller and Waaree will jointly “explore, develop, and deploy solar-powered TES systems in India, subject to entry into a definitive agreement”, a statement said.
Brenmiller’s ‘bGen’ TES system can store energy in the form of heat for minutes, hours, or days, and produce steam, hot water, or hot air on demand.
“We’ve seen a massive uptick in demand for our TES systems in response to climate-forward policies, rising energy costs, and challenges to reliability,” said Avi Brenmiller, president and CEO of Brenmiller. “Our team is thrilled to collaborate with Waaree to bring bGen TES to India’s industrial and utility markets.”
Hitesh Doshi, chairman of Waaree, said: "In India, steam and other high-temperature processes for industrials are primarily powered by coal, accounting for roughly 25 percent of India's carbon emissions. We are focused on helping large industrial corporations, including beverage, pharmaceutical, chemical, paper manufacturers, and more, to help them meet ambitious ESG goals. Partnering with Brenmiller to deploy its innovative thermal energy storage technology will enable us to significantly reduce dependence on fossil fuels."