European Investment Bank Names Brenmiller “Innovation Champion”
14 Maggio 2024 - 2:30PM
Business Wire
Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy” or the
“Company”) (Nasdaq: BNRG), a leading global provider of thermal
energy storage (“TES”) solutions, today announced that it was
recognized as an Innovation Champion at the EIB AdVenture Debt
Summit. The event brings together leaders across venture capital
and finance, alongside European Commission representatives, to
discuss market trends, investment needs and challenges for
innovative companies. Brenmiller was named among other projects and
companies across a variety of sectors that receive support from the
European Investment Bank’s (“EIB”) Advisory Services or EIB
funding.
“Capital from EIB has greatly expanded our production capacity
and helped commercialize our pioneering thermal energy storage
technology,” said Eli Lipman, VP of Innovation and Alternative
Finance at Brenmiller Energy. “Debt financing from EIB goes beyond
enabling scale – it is helping to create cleaner, more prosperous,
and more secure communities across Europe. We are proud to be
recognized as an Innovation Champion by EIB.”
In April 2021, the European Investment Bank loaned Brenmiller
€7.5 million to help finance the construction of the world’s first
large-scale TES manufacturing facility. Inaugurated in May 2023, in
Dimona, Israel, Brenmiller’s gigafactory is equipped to produce up
to 4GWh of bGen™ TES systems annually. Brenmiller’s bGen™ TES
systems enable on-demand access to zero-emission heat for
energy-intensive industries and power producers.
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 LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20240514634128/en/
Media: Tori Bentkover
brenmillerenergy@antennagroup.com
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