Doshi focused on helping large industrial corporations meet ambitious ESG goals
Israel’s Brenmiller Energy Ltd (Nasdaq: BNRG, TASE: BNRG), a clean energy company that provides Thermal Energy Storage (TES) systems to global industrial and utility markets, has entered the Indian solar market to implement bGen™ TES in the country.
It has signed a Memorandum of Understanding (MoU) with Waaree Energies Ltd to jointly explore, develop and deploy solar-powered TES systems in India, subject to entry into a definitive agreement.
Brenmiller’s award-winning bGen TES system is a mature, scalable, and cost-effective solution that enables 24/7 renewable management for industrial processes and power production. The bGen can store energy in the form of heat for minutes, hours, or days, and produce steam, hot water, or hot air on demand.
In addition to decarbonization, Brenmiller’s TES technology provides critical reliability and protection from renewable intermittency and fluctuations in energy market prices.
“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 Chief Executive Officer of Brenmiller.
“Our team is thrilled to collaborate with Waaree to bring bGen TES to India’s industrial and utility markets.”
“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.”
Waaree Energies is the flagship company of Waaree Group, founded in 1989 with headquarters in Mumbai. It has India’s largest Solar panel manufacturing capacity of 12GW at its plants in Chikhli, Surat and Umbergaon in Gujarat and is a top player in EPC Services, Project Development, Solar Rooftop Solutions, Solar Inverters, and Solar Water Pumps. It is also an Independent Power Producer.
Brenmiller Energy delivers scalable thermal energy storage solutions and services that allow customers to cost-effectively decarbonize their operations. 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. Fiinews.com
