Brenmiller To Expand bGen Capabilities For AI Data Center Cooling Applications
Portfolio Pulse from Benzinga Newsdesk
Brenmiller Energy Ltd. (NASDAQ: BNRG) is expanding its bGen™ thermal battery capabilities to include cooling solutions for AI data centers. This move is driven by the anticipated 160% increase in data center power demand by 2030. The company expects minimal investment to adapt its technology and sees significant financial opportunities, with current commercial opportunities valued at up to $500 million.
July 18, 2024 | 12:36 pm
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Brenmiller Energy Ltd. is expanding its bGen™ thermal battery capabilities to include cooling solutions for AI data centers, driven by a projected 160% increase in data center power demand by 2030. The company expects minimal investment to adapt its technology and sees significant financial opportunities, with current commercial opportunities valued at up to $500 million.
The expansion into AI data center cooling solutions positions Brenmiller Energy to capitalize on the growing demand for energy-efficient solutions in a rapidly expanding market. The minimal investment required to adapt their technology and the significant financial opportunities, including potential sales valued at up to $500 million, are likely to positively impact the stock price in the short term.
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