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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 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.
Brenmiller Energy (NASDAQ: BNRG) COO Nir Brenmiller will present at the Emerging Growth Conference on December 4, 2024. The presentation will focus on recent agreements with TUTCO Heating Solutions Group and Entelios AG, positioning the company to monetize a project pipeline worth $440 million.
The company's bGen™ ZERO TES systems use crushed rocks to transform electricity into storable, carbon-free heat for industrial applications. TUTCO will design and supply essential components for these systems. The German TES market, accessible through the Entelios partnership, is expected to reach $2.9 billion by 2028.
Brenmiller's technology offers 24/7 reliability, cost-effectiveness, and scalability, serving industries like food and beverage, pharmaceuticals, and chemical manufacturing. The company's Dimona gigafactory is the world's first dedicated to TES production.
Brenmiller Energy (Nasdaq: BNRG) has closed a private placement with an existing institutional investor, raising $1.05 million through the sale of 1,000,000 ordinary shares at $1.05 per share. The price represents a 52% premium to the August 2, 2024 closing price and a 33% premium to the December 3, 2024 closing price of $0.79.
The investor has the right to purchase an additional 1,000,000 ordinary shares if the company's stock closes at or above $2.50 per share within the next 12 months. The proceeds will be used for general corporate purposes and working capital. The company agrees to file a registration statement with the SEC within 30 days of closing to register the resale of the shares.
Brenmiller Energy (BNRG) has entered a manufacturing agreement with TUTCO Heating Solutions Group for the production of resistive heaters, important components for Brenmiller's bGen™ ZERO thermal storage systems. TUTCO will design and manufacture heaters that convert renewable electricity into heat, stored in crushed rocks within bGen™ ZERO's bCubes™. The agreement supports the delivery of the first three units to Tempo Beverages, Wolfson Hospital, and Partner in Pet Food Hungaria. Additional installations are expected from Brenmiller's $440 million global pipeline of commercial opportunities.
Brenmiller Energy (NASDAQ: BNRG) is advancing in the thermal energy storage (TES) sector with its bGen™ ZERO technology, designed for industrial decarbonization. The company has announced a planned partnership with Germany's Entelios AG, accessing 1 GW of energy management flexibility. Operating from the world's first thermal battery gigafactory in Dimona, Israel, Brenmiller projects $440 million in revenue over contract durations. The company's technology has received notable recognition, including being named a TIME magazine Best Invention in Green Energy category for 2023. Brenmiller serves markets across the U.S., EU, Latin America, Canada, and Israel, positioning itself in Germany's TES market, forecasted to reach $2.9 billion by 2028.
Brenmiller Energy (NASDAQ: BNRG) has released its 2023-2024 ESG Report, highlighting its progress in providing zero-emission industrial heat solutions. The company's flagship product, bGen™ ZERO, enables industrial customers to generate clean steam, hot water, and hot air using electricity and residual heat for various applications.
The company is currently commissioning seven global projects with 103 MWh of thermal energy storage capacity. Their automated gigafactory manufacturing line is expected to reduce operational energy consumption to one-third of previous levels at full capacity. Brenmiller's operations align with seven UN Sustainable Development Goals, and the report outlines ESG targets through 2026.
Brenmiller Energy (NASDAQ: BNRG) has signed a non-binding LOI with Entelios AG to deploy sustainable energy practices in Germany's industrial sector. The collaboration aims to optimize revenue streams for bGen™ users through Entelios' expertise in flexibility market services and Cross-Market Optimisation platform. Germany's thermal energy storage market is projected to reach $2.9 billion by 2028. The partnership focuses on managing bGen™ systems operations and optimizing energy costs across multiple flexibility markets, facilitating the transition from natural gas to electricity for industrial users. Entelios currently manages over 1 GW of net flexibility from various energy sources.
Brenmiller Energy (NASDAQ: BNRG), a global provider of thermal energy storage (TES) solutions, has announced an on-demand interview with COO and Co-Founder Nir Brenmiller. The interview, conducted by Primetime Profiles' Nicole Brodie, is scheduled for October 23, 2024, and will be available immediately after registration.
The discussion will focus on:
- The company's completed groundwork
- The value of signed agreements
- The development of an estimated $440 million project pipeline
Mr. Brenmiller will also address investor questions about the company's current valuation and strategies to increase shareholder value in Q4/2024 and throughout 2025. Interested parties can register and access the interview on-demand through the provided link.
Brenmiller Energy (Nasdaq: BNRG) has announced the formation of a new joint venture, Brenmiller Europe S.L., in partnership with renewable energy developers Green Enesys and Viridi RE. This Spanish aims to rapidly expand the adoption of Brenmiller's bGen™ technology across Europe, focusing on product sales, energy services, and project-level financing in high-growth markets.
The joint venture will leverage Green Enesys and Viridi's expertise in developing large-scale clean energy projects, with Brenmiller retaining majority ownership and manufacturing bGen™ modules at its gigafactory in Dimona. Brenmiller Europe has exclusive distribution rights for bGen™ systems in major European countries, subject to certain revenue and performance requirements.
This strategic move is expected to accelerate Brenmiller's ability to deliver and expand its global sales and service infrastructure, capitalizing on Europe's supportive regulatory environment and clean energy cost-benefit landscape. The joint venture will focus on a substantial portion of Brenmiller's $440 million global project pipeline opportunities originating in Europe, spanning nine industries across eleven countries.
Brenmiller Energy (Nasdaq: BNRG), a leading provider of thermal energy storage solutions, announced its participation in the Emerging Growth Conference on September 25, 2024. The company's COO and Co-Founder, Nir Brenmiller, will present at 9:40 AM EDT for 30 minutes, followed by a Q&A session.
The presentation will focus on Brenmiller's latest project developments, including the commercial rollout of its bGen™ ZERO thermal energy storage solution. This innovative technology converts electricity into low-carbon process heat for industrial applications.
Interested parties can register for the event online. An archived webcast will be available on EmergingGrowth.com and the Emerging Growth YouTube Channel for those unable to attend live.
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