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Brenmiller Energy Ltd (NASDAQ: BNRG) is an innovative Israel-based technology company that specializes in the development, production, marketing, and sale of thermal energy storage (TES) solutions. Founded in 2012, Brenmiller Energy is a pioneer in the electrification and decarbonization of the industrial sector, enabling the integration of renewable energy sources to significantly reduce carbon emissions.
Brenmiller Energy's flagship product, the bGen™ ZERO thermal battery, uses innovative technology to store heat at high temperatures using crushed rocks. This stored heat can then be released in the form of steam, hot water, or hot air, tailored to specific industrial needs. The system is designed to replace traditional fossil fuel boilers, contributing to substantial reductions in greenhouse gas emissions.
The company has captured significant market interest, with active discussions to secure 49 contracts across 12 industries and 13 countries. These deals have the potential to generate combined revenue exceeding $500 million, with projects spanning various sectors including food and beverage, consumer goods, energy, chemicals, and pharmaceuticals.
Brenmiller Energy's technology boasts several key features that make it attractive to a wide range of clients. These include Renewable Energy Integration, High Efficiency, Modularity and Scalability, and Environmental Benefits. The bGen™ ZERO charges using low-cost renewable electricity and can store heat up to 650°C (1202°F), ensuring efficient use of intermittent renewable energy sources such as solar and wind. Additionally, it offers a 34% improvement in energy density and a 40% increase in charging power compared to previous models.
The modular design of bGen™ ZERO, consisting of prefabricated units known as bCubes™, allows it to be configured to meet specific plant requirements and scale from 10 MWh to 1000 MWh. This flexibility, combined with the system's ability to eliminate carbon emissions from the heat generation process, reduce operational costs, and use non-hazardous, environmentally friendly materials, makes it a compelling solution for industrial applications.
To support its growing operations, Brenmiller Energy has established a state-of-the-art facility in Dimona, Israel, capable of supporting sales of up to $200 million. The company is also evaluating the establishment of additional plants in key markets such as the U.S. and Europe to meet increasing demand and provide local supply, faster delivery, and lower transportation costs. This expansion is made possible through non-dilutive financing options, showcasing Brenmiller's strong financial position and commitment to shareholder value.
Brenmiller Energy's stock has seen a recent increase, reflecting investor confidence in the company's advanced technology and robust project pipeline. The company's leadership, led by Chairman and CEO Avi Brenmiller, remains focused on driving revenue growth and maintaining the momentum of recent deal-making activities.
The company's patented bGen™ thermal battery is recognized as a significant advancement in thermal energy storage, turning renewable electricity into zero-emission heat. It was named among TIME's Best Inventions of 2023 in the Green Energy category. Brenmiller Energy operates the world's only gigafactory for thermal battery production, making it a trusted partner for leading multinational energy companies.
For more information, visit Brenmiller Energy's website and follow the company on social media platforms like X (formerly Twitter) and LinkedIn.
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.
Brenmiller Energy (NASDAQ: BNRG) provides a comprehensive overview of its 2024 achievements and 2025 outlook in the thermal energy storage (TES) market. The company operates a TES gigafactory capable of producing up to 4 GWh of bGen™ systems valued at up to $200 million and is developing 7 projects globally with a $440 million commercial pipeline across 12 industries in 13 countries.
Key developments include forming Brenmiller Europe S.L., a joint venture with Green Enesys and Viridi, and securing significant projects including: a 12-year Heat as a Service agreement with PPF for a 30 MWh bGen™ ZERO system, a partnership with Tempo for a 32 MWh system expected to save $7.5 million over 15 years, and a $3.55 million project with Wolfson Hospital for a 12 MWh system. The company also announced a collaboration with TUTCO Heating Solutions Group to strengthen manufacturing capabilities.
Brenmiller Energy (NASDAQ: BNRG) announces progress on its flagship thermal energy storage project for Tempo Beverages. The company has completed manufacturing of its bGen™ components and selected a local contractor for implementation. The 32 MWh system, scheduled for on-site assembly in mid-January 2025, will replace Tempo's fossil fuel boilers.
The project aims to convert Tempo's heat source from heavy fuel oil to electricity, with projected benefits including annual carbon emission reduction of 6,200 tons and estimated cost savings of $7.5 million over 15 years. Tempo, partially owned by Heineken International B.V., is a major beverage producer and distributor in Israel for brands including Heineken and Pepsi.
Brenmiller Energy (Nasdaq: BNRG) announced that its bGen™ ZERO thermal energy storage solution has been selected for a clean energy project by REBI in Spain. The 1.4 MWh project will be delivered through Brenmiller Europe S.L., a new joint venture between Brenmiller Energy, Viridi, and Green Enesys.
The project, supported by a NextGenerationEU grant through IDAE, will feature bGen™ ZERO configured with 1.4 MWh of charging capacity, 10 MWh of storage, and 33 hours of continuous discharge. The system will store and deliver renewable energy for industrial steam to REBI's customer, contributing to increased energy efficiency and reduced carbon emissions.
Brenmiller Energy (NASDAQ: BNRG) has announced key leadership appointments for its Spain-based joint venture, Brenmiller Europe S.L. Emilio Lopez, a renewable energy executive with over 25 years of experience, has been appointed as Chairman. The joint venture, established in September 2024, also includes Dr. José Luis Morán as Managing Director, who simultaneously serves as Director of Integrated Energy Solutions for Green Enesys and Viridi.
The joint venture aims to accelerate the commercial rollout of bGen™ thermal energy storage technology across Europe, leveraging favorable regulatory conditions, project financing, and clean energy cost-benefits. Lopez brings extensive expertise in renewable energy and energy efficiency sectors, while Morán contributes over 30 years of leadership experience in energy and industrial sectors.
Brenmiller Energy (NASDAQ: BNRG) has reached a major milestone in its thermal energy storage (TES) project for Tempo Beverages, achieving 40% of Tempo's financial commitment. The company will replace Tempo's fossil fuel boilers with a 32 MWh bGen™ ZERO TES system, scheduled for commissioning in 2025.
The project is expected to save Tempo, a major Israeli beverage producer partially owned by Heineken International, approximately $7.5 million in energy costs over 15 years. The system will eliminate about 2,000 tons of heavy fuel usage annually and reduce carbon emissions by 6,200 tons per year. Manufacturing of bGen™ components at Brenmiller's gigafactory will be completed with shipment for on-site assembly starting mid-January 2025.
Brenmiller Energy (Nasdaq: BNRG) has achieved ISO/IEC 27001:2022 certification, the leading global standard for Information Security Management Systems. This certification validates that Brenmiller has implemented internal procedures and systems that effectively manage data security risks and meet the energy industry's quality standards.
The certification covers multiple aspects of Brenmiller's operations, including research and product development, engineering, sales, manufacturing, project management, commissioning, and operation and maintenance of its bGen™ thermal energy storage systems. This voluntary certification demonstrates the company's commitment to maintaining high data security standards in the thermal energy storage industry.
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