Brenmiller Energy Ltd., along with its joint venture Brenmiller Europe S.L., announced today the signing of a non-binding Letter of Intent (LOI) with Entelios AG, a leading flexibility service provider in Germany. This collaboration aims to develop business models for managing bGen™ systems and optimizing energy costs by entering multiple flexibility markets.
Entelios AG specializes in aggregating and trading decentralized flexible assets, managing over 1 GW of net flexibility from industrial loads, power plants, and large-scale battery energy storage systems. This expertise is expected to maximize revenues across short-term flexibility markets for Brenmiller's customers.
The partnership positions Brenmiller to capture a significant share of Germany’s thermal energy storage market, which is projected to grow to $2.9 billion by 2028. The collaboration is designed to reduce emissions by transitioning industrial users from natural gas to electricity, enhancing operational efficiencies and integrating renewable energy solutions.
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