Brenmiller and Proactive Planet partner to distribute bGen™ Zero Thermal Energy Storage Systems in Canada
Brenmiller Energy Ltd. (“Brenmiller”, “Brenmiller Energy” or the “Company”) (Nasdaq: BNRG), a leading global provider of thermal energy storage (“TES”) solutions, today announced that it has signed a non-binding Memorandum of Understanding (“MoU”) with Proactive Planet, a renewable energy solutions provider based in Calgary, to distribute bGen™ TES systems to industrial companies and electric utilities in the province of Alberta in Canada. The two companies have developed an initial list of potential customers valued at over $6 million and representing potentially 60 megawatt hours (MWh) of TES capacity.
The MoU aims to expand and accelerate the rollout of Brenmiller’s bGen™ TES technology through equipment sales. Under its terms, a prospective 3-year definitive agreement would include projected sales milestones based on the companies’ pipeline.
“Canada is a strategic North American market for Brenmiller and we are eager to partner with Proactive Planet to grow bGen™ sales in Canada,” said Avi Brenmiller, chairman and CEO of Brenmiller Energy. “Our combined teams see numerous immediate and long-term opportunities for thermal energy storage to help industrial and energy companies in the region play a leading role in Canadian efforts to reach net-zero emissions by 2050.”
Founded and led by Jason Atkinson, Proactive Planet’s mission is to help clients lower their carbon footprint by utilizing bespoke combinations of renewable energy solutions. Jason has been heading up large-scale renewable energy projects throughout Western Canada since 2009.
Over 70 MWh of Brenmiller’s bGen™ TES systems are in operation or under construction worldwide. In the Americas, Brenmiller has already deployed projects in Brazil and the United States. The Company also recently announced a $500 million project pipeline, with potential contracts spanning 13 countries including Canada, the United States, Spain, Hungary, Israel, and India.