Brenmiller Signs MOU With RSP Systems To Boost bGen ZERO Sales In The U.S.
Portfolio Pulse from Benzinga Newsdesk
Brenmiller Energy Ltd. (NASDAQ: BNRG) has signed a non-binding MOU with RSP Systems for the exclusive distribution of its bGen™ thermal energy storage system in the U.S. Northeast Region. This follows Brenmiller's first bGen™ installation in New York and is supported by new proposed U.S. tax incentives for thermal energy storage. RSP Systems, experienced in energy solutions, will help meet rising demand for sustainable energy, with Brenmiller's Israel facility ready for large-scale production.
January 11, 2024 | 1:13 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Brenmiller Energy's MOU with RSP Systems for exclusive distribution of bGen™ in the U.S. Northeast could boost sales, supported by new tax incentives for thermal energy storage.
The MOU with RSP Systems is likely to have a positive short-term impact on BNRG's stock price due to the potential for increased sales in a key U.S. region. The partnership, combined with new proposed tax incentives, could significantly boost the demand for Brenmiller's bGen™ system. The company's readiness for large-scale production and the product's recognition by TIME as one of the Best Inventions of 2023 further support the positive outlook.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100