EIB finances Brenmiller Energy thermal storage factory
The European Investment Bank and Brenmiller Energy, an Israeli provider of industrial energy storage solutions, have signed a €7.5 million financing deal. The funds will be used to back Brenmiller Energy's construction of the first large-scale factory for its bGen storage unit.
The transaction is supported by the InnovFin Energy Demonstration Projects facility, which is funded under the European Union’s research and innovation programme Horizon 2020.
Brenmiller Energy’s thermal storage system consists of three key elements: thermal storage, heat exchangers and a steam generator, all inside the same unit. It uses crushed rock as storage material, guaranteeing high performance and low maintenance over time as well as an environmentally friendly manufacturing cycle. Additionally, the technology can use multiple heat sources such as residual heat or biomass. It can also be charged electrically via embedded electric heaters. On the output side, the storage unit is just as versatile and can provide energy in the form of steam, hot water, air or electricity.
