Brenmiller Energy signs MoU with Green Enesys and Viridi RE to explore bGen integration for green hydrogen and green methanol production

Brenmiller Energy signs MoU with Green Enesys and Viridi RE to explore bGen integration for green hydrogen and green methanol production
Brenmiller Energy signs MoU with Green Enesys and Viridi RE to explore bGen integration for green hydrogen and green methanol production

Brenmiller, Green Enesys and Viridi RE will cooperate to explore the integration of bGen thermal energy storage systems for proposed green hydrogen production facilities in Europe.

ROSH HAAYIN, Israel, September 16, 2022–(BUSINESS WIRE)–Brenmiller Energy Ltd. (“Brenmiller”, “Brenmiller Energy” or the “Company”) (TASE: BNRG, Nasdaq: BNRG), a clean energy company that provides thermal energy storage (“TES”) to global energy markets. industry and utilities, today announced the signing of a Memorandum of Understanding (“MoU”) with Green Enesys Deutschland GmbH (“Green Enesys”) and Viridi Energias Renovables Espana, SL (“Viridi RE”), two European developers of green energy projects, to carry out engineering studies for the integration of bGen TES for the green hydrogen production facilities offered by Green Enesys and Viridi REs throughout Spain.

Green Enesys and Viridi RE are currently developing three green hydrogen projects in Spain, with the aim of decarbonizing the European Union’s industry, power generation and transport sectors. The projects will have a combined capacity to produce over 100,000 tonnes of green methanol per year. Under the terms of the MoU, Brenmiller will work with Green Enesys and Viridi RE to conduct feasibility studies for each of the three projects. If the results of the engineering studies are favorable and the parties reach a definitive agreement to supply thermal energy storage systems, Brenmiller’s bGen TES will be powered by wind and solar energy and will be used to produce clean steam, a essential part of the process of converting hydrogen into green methanol for projects.

“We are extremely pleased to collaborate with the teams at Green Enesys and Viridi in their work to decarbonize the European Union’s industry, power generation and transport sectors,” said Avi Brenmiller, President -CEO of Brenmiller Energy. “Green hydrogen has the potential to deeply decarbonize some of the world’s most emitting sectors, and we believe that our ability to produce clean steam, using any form of renewable energy through our bGen TES solution, is essential to make green hydrogen an affordable and reliable product. clean source of energy.”

“Brenmiller is a natural partner to advance our green hydrogen projects in Spain,” said José Luis Morán, director of integrated energy solutions for Green Enesys and Viridi. “Their thermal energy storage solution is proven and reliable to produce clean steam around the clock. We look forward to working with Brenmiller’s dedicated team of energy experts and providing the European Union a clean fuel alternative.”

About Brenmiller Energy

Brenmiller Energy provides scalable thermal energy storage solutions and services that enable customers to cost-effectively decarbonize their operations. Its patented bGen thermal storage technology makes it possible to use renewable energy resources, as well as waste heat, to heat crushed rock to very high temperatures. They can then store that heat for minutes, hours, or even days before using it for industrial and power generation processes. With bGen, organizations have a way to use electricity, biomass, and waste heat to generate the steam, hot water, and hot air they need for a variety of applications, including, for for example, to mold plastic, process food and beverages, produce paper, manufacture chemicals and pharmaceuticals, or drive steam turbines without burning fossil fuels. For more information, visit the company’s website at https://bren-energy.com/ and follow the company on Twitter and LinkedIn.

About Viridi RE:

Viridi RE is a well-established developer of renewable energy projects with demonstrated experience across Europe and the Americas. Viridi has been operating in Spain since 2006 and has been involved in the development of projects generating over 2 GW of solar photovoltaic and other green energy solutions such as hydrogen and renewable hybrid systems. For more information, visit the company’s website at http://viridire.com and follow the company on LinkedIn.

About Green Enesys:

Green Enesys is an international renewable energy project developer established in 2009. Together with Viridi RE, Green Enesys develops more than 5 GW of renewable energy projects worldwide, including green hydrogen projects and solutions smart integrated energy systems, aiming to develop a pathway to affordable and clean solutions. , and a reliable energy supply worldwide. For more information, visit the company’s website at https://greenenesys.com/ and follow the company on LinkedIn.

Caution Regarding 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 uses forward-looking statements in this press release when discussing the possibility of entering into a definitive agreement regarding the use of bGen TES for projects with Green Enesys and Viridi RE, whereby bGen TES will be responsible for wind and solar power produce clean steam for such projects and that green hydrogen has the potential to deeply decarbonise high-emitting sectors. The Company, Green Enesys and Viridi RE may ultimately not reach definitive agreements and the transactions contemplated by the MoU may not take place. Without limiting the generality of the foregoing, words such as “plan”, “project”, “potential”, “seek”, “may”, “will”, “expect”, “believe”, “anticipate “, “intend”, “could”, “estimate” or “will” are intended to identify forward-looking statements. Readers are cautioned that certain important factors may affect the Company’s actual results and could cause such results to differ materially from the forward-looking statements that may be made in this press release. Factors that could affect the Company’s results include, but are not limited to, the Company’s expected level of revenue and capital expenditures, market demand and acceptance of our products, the impact competitive products and prices, product development, marketing or technological difficulties, the success or failure of negotiations and the commercial, legal, social and economic risks and risks associated with the adequacy of existing cash resources . The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s prospectus dated 24 May 2022 filed with the United States Securities and Exchange Commission (“SEC”), which is available at the SEC’s website, www.sec.gov. The Company assumes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220916005535/en/

contacts

Contact with American investors:
Chase Jacobson, Vallum Advisors
[email protected]
+1 980-265-2597

Media Contact:
Tori Bentkover
Antenna for Brenmiller Energy
[email protected]

. Brenmiller Energy sign protocol agree with Green Enesys Viridi for explore integration bGen for production hydrogen green methanol green

. Brenmiller Energy signs MoU Green Enesys Viridi explore bGen integration green hydrogen green methanol production

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