Brenmiller Energy signs agreement for seven-year, $3.55M project in Israel

Brenmiller Energy announced it has signed a definitive agreement for a seven-year, $3.55M project to supply electric process heat to Wolfson Hospital, a public medical center located near Tel Aviv in Holon, Israel. The Israeli Ministry of Finance approved a budget of up to $3.55M for Wolfson Hospital to procure a bGen ZERO system from Brenmiller, from which Brenmiller will generate recurring revenues on an energy-as-a-service model from the supply of electric process heat over the course of the seven-year project. As previously announced by the Company, a grant of up to $450,000 from the Israel Innovation Authority will cover part of the budget. bGen ZERO will replace Wolfson Hospital’s old diesel boilers that are both costly and polluting. According to the Israeli Ministry of Finance’s estimates, electric heat provided via Brenmiller’s bGen ZERO TES system has the potential to save Wolfson Hospital up to $1.3M annually and reduce the hospital’s local carbon footprint by 3,900 tons per year.