May 28, 2025 [Yahoo Finance]- Brenmiller Energy Ltd. (“Brenmiller”, “Brenmiller Energy” or the “Company”) (Nasdaq:BNRG), a leading global provider of thermal energy storage (“TES”) solutions for industrial and utility customers, announced today that the European Hydrogen Bank, has granted SolWinHy Cadiz S.L. (the “SolWinHy Project”) in Arcos de la Frontera, Spain, €25 million in funding. From the total project CAPEX, €7 million are earmarked for Brenmiller’s bGenâ„¢ TES. The project is slated to commence in the first quarter of 2026 when Brenmiller expects to receive a purchase order for the bGenâ„¢ andassociated services.
SolWinHy is a special purpose company jointly owned by leading renewable energy developers Green Enesys Group (“Green Enesys”) and Viridi RE (“Viridi”) to build new green hydrogen and green e-methanol projects in Europe. Green Enesys and Viridi are Brenmiller’s joint venture partners in Brenmiller Europe S.L. (“Brenmiller Europe”) which currently has a growing project pipeline of commercial opportunities valued at over $200 million.
“We believe that this +€25 million project funding from the European Hydrogen Bank is a strong validation of bGenâ„¢’s critical place in Europe’s clean energy ecosystem and demonstrates the value of our industry-leading TES technology globally” stated Brenmiller’s Chairman and Chief Executive Officer, Avi Brenmiller. “We’ve worked diligently with our partners Green Enesys and Viridi to complete the front-end engineering and design that led to the financing of the SolWinHy Project. This is a model for how we plan to roll out potentially up to $200 million worth of projects in Europe, by leveraging project financing and collaborations, as Brenmiller generates upfront and recurring revenues delivering bGenâ„¢ systems, services, and technology licensing.”
Jose Luis Moran, Green Enesys and Viridi’s Integrated Energy Solutions director added, “Brenmiller’s bGenâ„¢ is an essential part of making SolWinHy one of the EU’s top green hydrogen projects and was a key component in securing this funding, without the bGenâ„¢ the project could not operate off-grid, using only renewable electricity. As a partner in Brenmiller Europe, we expect several other potential bGenâ„¢ projects to rapidly advance toward funding and implementation as the EU prioritizes achieving its clean energy goals.”
Green e-methanol, a clean energy source, is produced from hydrogen that is sourced from renewable electricity and captured biogenic carbon dioxide. The SolWinHy Project is being designed to produce over 30,000 tons of green e-methanol per year and will incorporate 54 MWh of wind and 130 MWp of photovoltaic electricity production disconnected from the electrical grid, generating power exclusively from renewable energy with no impact on Spain’s national grid. The SolWinHy Project is expected to integrate bGenâ„¢ thermal energy storage capabilities with a 56 MWh capacity.
Free Trial: Access 13,300 Tank Terminal and Production Facilities
13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data
