Brenmiller Energy Ltd. (Brenmiller) and Baran Energy Ltd. (Baran) have signed a System Purchase Agreement for the completion and operational launch of two bGen ZERO TES systems currently in development in Brenmiller’s portfolio.
Baran will become the owner of the bGen TES projects at Tempo Beverages Ltd. (Tempo) and Wolfson Medical Center, representing a total of 44 MWh, and will pay Brenmiller for the acquisition based on project execution milestones achieved during the construction and commissioning phases. Brenmiller will also receive profit sharing on the projects based on revenues from end customers. Brenmiller retains all intellectual property and will continue to provide, and be paid for, operations and maintenance on the bGen ZERO systems.