Brenmiller Signs MoU with India's Largest Solar Panel Manufacturer Waaree Energies To Deploy Thermal Energy Storage Projects In India
Portfolio Pulse from Benzinga Newsdesk
Brenmiller Energy has signed a Memorandum of Understanding (MoU) with India's largest solar panel manufacturer, Waaree Energies, to deploy thermal energy storage projects in India. This marks Brenmiller's entrance into the Indian market, aiming to help India transition to a 50% renewable energy supply by 2030.
July 26, 2023 | 2:35 pm
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Brenmiller Energy's partnership with Waaree Energies to deploy thermal energy storage projects in India could potentially increase its market share and revenues.
The partnership with Waaree Energies, India's largest solar panel manufacturer, provides Brenmiller Energy with a significant opportunity to expand its market presence and increase its revenues. Given India's goal to transition to a 50% renewable energy supply by 2030, the demand for Brenmiller's thermal energy storage systems is likely to increase, potentially driving its stock price up in the short term.
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