Brenmiller Energy Ltd. announced today that its pipeline of potential commercial projects in the Northeast U.S., pursued with exclusive distribution partner Rock Energy Storage, LLC, has grown from $150 million to over $210 million in value. This represents a substantial advancement in the company's U.S. market penetration.
Since signing an exclusive distribution agreement in June 2024, Rock Energy Storage has identified several state and federal grant opportunities for which bGen™ ZERO TES systems are eligible. The companies are collaborating with U.S. project partners to secure grant project financing through anticipated funding rounds in 2025.
U.S. interest in thermal energy storage (TES) and development activity is exceeding expectations, with energy storage deployments growing 80% between Q3 2023 and Q3 2024. These trends position Brenmiller and Rock Energy Storage for favorable growth, as TES can double long-duration energy storage capacity potential by 2040.
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