Brenmiller Energy (BNRG) has highlighted a new report from McKinsey & Company identifying a significant market opportunity for thermal energy storage (TES) in Europe. The analysis estimates the potential market value at approximately 16 billion Euros, driven by the increasing need for industrial decarbonization. According to the report, the returns on industrial heat electrification are projected to exceed typical industrial hurdle rates by 2030. This shift is supported by emerging business models that make TES more economically viable than traditional heating methods. Brenmiller Energy, a provider of proprietary TES technology, stands to benefit from this expanding market landscape. The findings underscore a growing momentum toward clean tech solutions within the European industrial sector.
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