Brenmiller Energy, a thermal energy storage (TES) company, has signed an agreement for a 7-year, $3.55 million project to supply electric process heat to Wolfson Hospital located near Tel Aviv in Holon, Israel.
Through this agreement, Brenmiller will supply the hospital with its bGen ZERO system to replace the current old diesel boilers that are costly and contribute to pollution.
According to the Israeli Ministry of Finance, the electric heat provided by the TES system can save Wolfson Hospital up to $1.3 million annually and reduce the hospital’s local carbon footprint by 3,900 tons per year.
“With our bGen ZERO technology, we will provide Wolfson Hospital with a cleaner source of electricity at a lower price than its legacy systems. Our sustainable power infrastructure will benefit all hospital stakeholders, from patients and doctors to administrators, government, and local communities,” said Brenmiller Chairman and CEO Avi Brenmiller.
To convert electricity into heat to power sustainable industrial processes, the bGen system charges by capturing low-cost electricity from renewables or the grid and stores it in crushed rocks. Then, the system discharges steam, hot water, or hot air on demand according to the customer’s requirements.
Brenmiller will generate recurring revenues on an energy-as-a-service model from the supply of electric process heat over the course of the 7-year project. The company also received a grant of up to $450,000 from the Israeli Innovation Authority to cover part of the total costs.
