Brenmiller Energy Ltd. Selected to Supply Heat Energy to Wolfson Hospital In Israel
May 27, 2022 at 09:00 AM EDT
Brenmiller Energy Ltd. (“Brenmiller”, “Brenmiller Energy” or the “Company”) (TASE: BNRG, Nasdaq: BNRG), a clean-energy company that provides Thermal Energy Storage (“TES”) systems to the global industrial and utility markets, announced today that the Government Procurement Administration of Israel issued a notice on May 25, 2022, regarding an intent to engage with the Company as a sole supplier for the purchase of heat energy at Wolfson Hospital in Israel. Under the proposed engagement Brenmiller will install, at its expense, its thermal energy storage system bGen™, integrate it with the hospital's local energy system, and maintain the installed system.
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Brenmiller Energy's thermal energy storage technology deployed in an industrial setting. (Photo: Business Wire)
Brenmiller plans to enter into an approximately $5 million, seven and one-half year agreement with Wolfson Hospital under which it will supply heat energy at prices to be agreed between the parties.
It is unknown yet whether the agreement with Wolfson hospital will be exempt from a tender process. In the event, it is determined that a tender is required for such engagement, then there is no certainty that the Company will secure the project.
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