Welcome to our dedicated page for Brenmiller Energy news (Ticker: BNRG), a resource for investors and traders seeking the latest updates and insights on Brenmiller Energy stock.
Overview of Brenmiller Energy Ltd
Brenmiller Energy Ltd is a technology company at the cutting edge of thermal energy storage solutions, specializing in the development, production, marketing, and sale of its proprietary bGen™ system. By converting excess renewable energy into storable heat, the company provides a robust platform that supports industrial electrification and decarbonization. This innovative approach not only offers an alternative to conventional fossil-fuel-based heating systems but also facilitates more efficient integration of renewable energy resources into industrial applications.
Technology and Operational Excellence
The cornerstone of Brenmiller Energy’s portfolio is its bGen™ thermal energy storage system, which transforms surplus electricity—whether generated from solar, wind, or off-peak grid power—into thermal energy that can be later discharged as steam, hot air, or direct heat. This process is achieved by storing energy in crushed rock, ensuring long-term reliability and stability. Unlike conventional storage methods, the bGen™ system is engineered to avoid degradation over time, completely sidestepping the issues related to rare-earth mineral dependency and volatility in fuel supply chains.
Industrial Integration and Market Application
Brenmiller Energy’s technology addresses critical demands within various industrial sectors including manufacturing, steel production, cement, chemicals, and textiles. In these applications, consistent and high-temperature energy is required, and conventional renewable energy sources like solar and wind often fall short due to their intermittent nature. The company’s solution offers a direct method to bridge this gap, effectively decarbonizing industrial heat processes while also stabilizing energy costs. The ability to store thermal energy during periods of low demand and retrieve it during peak usage makes the bGen™ system a key asset for industries striving to reduce greenhouse gas emissions without compromising operational continuity.
Competitive Position and Industry Impact
Within the fast-evolving landscape of renewable energy and energy storage, Brenmiller Energy distinguishes itself by addressing several fundamental industry challenges. Unlike lithium-ion batteries that can be cost-prohibitive and suffer from degradation, or hydrogen systems that require extensive infrastructure investments, the company’s approach delivers an immediately deployable, cost-effective, and long-lasting solution. By eliminating dependency on imported fuels and reducing the volatility associated with traditional energy supplies, Brenmiller Energy reinforces its value proposition for industrial stakeholders and contributes significantly to decarbonization efforts.
Operational Advantages and Industry Relevance
- High Durability: The bGen™ system offers superior longevity, designed to operate efficiently for decades without notable performance decay.
- Cost Efficiency: By leveraging off-peak renewable energy and converting it into storable heat, the system effectively reduces operational expenses linked to traditional energy sources.
- True Decarbonization: The technology supports a tangible reduction in carbon emissions in sectors that traditionally depend on fossil fuels for industrial heat.
- Scalability: The system’s modular design allows for integration across a range of industrial applications, making it a versatile asset in the current energy transition landscape.
Conclusion
Brenmiller Energy Ltd occupies a strategic niche in the industrial energy sector by providing a practical and immediately applicable solution for thermal energy storage. Its commitment to innovation and operational excellence is evident in the robust performance and scalability of its bGen™ system, which aligns perfectly with the global momentum towards decarbonization and increased renewable energy integration. This technology not only promises to stabilize energy supplies and costs for industrial operations, but also plays a pivotal role in reducing reliance on fossil fuels, thereby underscoring its relevance and authority in the clean energy transition.
Brenmiller Energy (NASDAQ: BNRG) reported its 2024 financial results and significant operational milestones. The company's pipeline of commercial opportunities has grown beyond $500 million in potential value, supported by its gigafactory capable of producing $200 million worth of bGen™ systems annually.
Key developments include: Progress on 30MW+ thermal energy storage projects, including a 32 MWh system for Tempo Beverage expected to save $7.5 million in energy costs; a 30 MWh project in Hungary for Partner in Pet Food; and a $3.55 million agreement with Wolfson Hospital. The company introduced new products: bGen ZTO™ for thermal oil applications and bGen™ Cool for AI data center cooling.
Financial results show cash and equivalents of $4.13 million as of December 31, 2024, a 12% increase in total assets to $11.91 million, and a narrowed net loss of $6.77 million compared to $9.65 million in 2023. Operating loss was $10.56 million, and basic loss per share improved to $1.29 from $4.99 in 2023.
Brenmiller Energy (NASDAQ:BNRG) is positioned to support the European Union's Clean Industrial Deal (CID) with its innovative bGen™ thermal energy storage system. The company has an estimated $440 million project pipeline over the next few years, targeting industrial decarbonization needs.
The bGen™ system stores excess renewable electricity as heat in crushed rock, providing steam, hot air, or direct heat on demand. Key advantages include:
- 30-50% reduction in industrial energy bills
- 30+ years lifespan
- No degradation over time
- No rare-earth minerals required
- Independence from unstable fuel supply chains
The system is currently being implemented across the USA, Israel, Germany, EU, and Hungary, offering an immediate solution for industrial heat applications, which account for over 20% of global emissions. Unlike alternatives such as hydrogen infrastructure or lithium-ion storage, bGen™ requires minimal retrofitting and can be deployed immediately to help meet the EU's clean energy objectives.
Brenmiller Energy (NASDAQ: BNRG) and Baran Energy have signed a strategic cooperation agreement to accelerate bGen™ ZERO thermal energy storage project deployments. Under the agreement, Baran Energy will acquire projects from Brenmiller's existing portfolio, subject to certain conditions.
The collaboration combines Brenmiller's innovative bGen™ technology with Baran's project development capabilities to advance thermal energy storage (TES) projects globally. Baran brings 40 years of engineering experience and financial backing to develop current and future TES projects.
The partnership aims to generate long-term recurring revenues for both companies while reducing greenhouse gas emissions for industrial applications. Brenmiller's current bGen™ project pipeline is valued at over $440 million, representing 103 MWh of bGen™ TES systems in operation and construction worldwide.
Brenmiller Energy (BNRG) is preparing for significant growth in 2025, backed by a commercial pipeline valued at over $440 million for its bGen™ ZERO thermal energy storage (TES) solutions. The company has established strategic partnerships and expanded its market presence, with over 50% of its pipeline originating in Europe.
Key developments include a joint venture with Green Enesys and Viridi through Brenmiller Europe S.L., and notable projects such as a 30 MWh system for Partner in Pet Food Hungaria KFT and a 32 MWh system for Tempo. The company has secured a manufacturing agreement with TUTCO Heating Solutions Group and an exclusive distribution partnership with Rock Energy Storage in North America, where the pipeline has grown from $150M to $210M.
Brenmiller recently introduced bGen ZTO, targeting an $8B market opportunity in industrial thermal oil applications, with commercial availability planned for 2026. The company has already identified eight commercial projects worth approximately $170M for this new technology.
Brenmiller Energy (NASDAQ: BNRG) has begun on-site assembly of its 32 MWh bGen™ ZERO thermal energy storage system at Tempo Beverages' factory in Netanya, Israel. The project, scheduled for completion by end of 2025, marks a significant milestone that triggers the second project payment from Tempo.
The system will replace Tempo's heavy fuel oil boilers as the primary heat source for the beverage processor, which produces Heineken and Pepsi products. The implementation is expected to reduce carbon emissions by 6,200 tons annually and generate cost savings of $7.5 million over 15 years for Tempo.
Brenmiller, with 103 MWh of thermal energy storage systems in operation and construction globally, is overseeing the contractor's work to ensure compliance with safety standards and project timeline requirements.
Brenmiller Energy (Nasdaq: BNRG) announced that its bGen™ ZERO thermal energy storage system has been selected as a finalist in the 2025 Edison Best New Products Awards™ in the Energy Storage and Management category. The selection was made by a global panel of scientists, engineers, designers, and academics.
The winners will be announced at the Edison Awards Gala in Fort Myers, Florida, on April 3, 2025. The Edison Awards, established in 1987, is a prestigious recognition for excellence in product development, marketing, design, and innovation. According to the company, the bGen™ ZERO is one of the most widely deployed thermal energy storage systems of its kind.
Brenmiller Energy (NASDAQ: BNRG) has announced the development of bGen ZERO Thermal Oil™ (bGen ZTO), a revolutionary thermal energy storage system designed to electrify thermal oil for industrial applications. The system, planned for commercial launch in 2026, will expand Brenmiller's addressable market into the $8 billion annual thermal oil heating equipment market, which grows at a 6% CAGR.
The company already has 8 projects worth approximately $170 million in its commercial pipeline. The bGen ZTO system will achieve nearly 100% cycle efficiency through simplified maintenance and indirect oil heating, capable of heating thermal oil up to 340°C. This innovation addresses a critical market need, as currently 95% of thermal oil is powered by fossil fuels in industries such as pharmaceuticals, chemicals, petrochemicals, and food processing.
Brenmiller Energy (Nasdaq: BNRG) announced a key milestone in its 30 MWh thermal energy storage (TES) project in Hungary. Brenmiller Europe, a joint venture with Green Enesys and Viridi RE, established a wholly-owned subsidiary, Bren-Dom-TES Kft, securing land adjacent to Partner in Pet Food Hungaria KFT's (PPF) factory. The 10,000+ square meter plot will host the bGen™ ZERO TES system, replacing PPF’s fossil fuel boilers and reducing gas consumption by 25-30%, thereby lowering energy costs and carbon footprint.
The project includes a 12-year Heat as a Service (HaaS) agreement, providing PPF with electric steam at a fixed price. Brenmiller Europe will also earn additional revenue by offering grid balancing services to the local transmission system operator. The initiative supports PPF’s goal to cut emissions by 42% by 2030.
Chairman and CEO Avi Brenmiller emphasized the significance of local operations in Hungary, enabling timely customer commitments and advancing European clean industry initiatives. Approximately 50% of Brenmiller’s $440 million global pipeline is in Europe, spanning nine industries across eleven countries. The company uses flexible business models, including direct technology sales and HaaS, to lower electrification costs and increase recurring revenues.
Brenmiller Energy (Nasdaq: BNRG), a global provider of thermal energy storage solutions, has announced regaining compliance with Nasdaq's minimum bid price requirement. The company received official notice from Nasdaq confirming that it has met the listing rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share.
The compliance was achieved after Brenmiller's ordinary shares maintained a closing bid price at or above $1.00 for 10 consecutive business days. With this achievement, Nasdaq has closed the prior bid price deficiency matter.
Brenmiller Energy (Nasdaq: BNRG) reports significant growth in its U.S. commercial pipeline, which has increased from $150 million to over $210 million in potential projects. This growth comes through collaboration with Rock Energy Storage (ROCK), their exclusive distribution partner in the Northeast U.S.
The companies are working together to secure grant project financing for bGen™ ZERO thermal energy storage (TES) systems, with funding rounds expected to open in 2025. ROCK is currently advancing dozens of potential bGen™ projects, targeting end-users including utilities, industrials, hospitals, universities, and municipalities.
The announcement comes amid strong growth in U.S. energy storage deployments, which increased 80% between Q3 2023 and Q3 2024. According to McKinsey and the Long Duration Energy Storage Council, TES technology could double Long-Duration Energy Storage capacity potential by 2040.
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