Brenmiller And Rock Energy Storage Sign Exclusive Distribution Agreement To Sell And Distribute bGen TES Systems; 5-Year Agreement Includes Cumulative Projected Sales Milestones Exceeding $150M
Portfolio Pulse from Benzinga Newsdesk
Brenmiller Energy and Rock Energy Storage have signed an exclusive 5-year distribution agreement to market, sell, and service Brenmiller's bGen thermal energy storage systems in the Northeast United States. The agreement includes cumulative projected sales milestones exceeding $150 million and is part of Brenmiller's $500 million project pipeline.
June 06, 2024 | 12:46 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Brenmiller Energy has entered into a 5-year exclusive distribution agreement with Rock Energy Storage to market, sell, and service its bGen thermal energy storage systems in the Northeast US. The agreement includes projected sales milestones exceeding $150 million.
The exclusive distribution agreement with Rock Energy Storage is likely to boost Brenmiller Energy's sales and market presence in the Northeast US. The projected sales milestones exceeding $150 million indicate significant revenue potential, positively impacting BNRG's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100