Brenmiller Energy and TUTCO, a Global Leader in Electric Heating, Enter Manufacturing Agreement as bGen™ ZERO is Set for Commercial Deliveries

Rhea-AI Summary

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.

Positive

• $440 million global commercial pipeline opportunities
• Strategic manufacturing partnership with TUTCO, a subsidiary of £5.6 billion Smiths Group
• First three commercial units secured for delivery to major clients

Negative

• None.

Insights

Market Research Analyst

This manufacturing agreement with TUTCO represents a significant operational milestone for Brenmiller Energy. The partnership with a subsidiary of the £5.6 billion Smiths Group adds credibility and manufacturing capability to Brenmiller's thermal storage technology. The deal supports execution of existing projects and positions the company to pursue its $440 million pipeline of commercial opportunities.

The bGen™ ZERO system's innovative approach to energy storage using crushed rocks, combined with TUTCO's heating expertise, addresses the growing industrial demand for sustainable heat solutions. With confirmed orders from major clients like Heineken's distributor and significant European manufacturers, this agreement demonstrates commercial validation and positions Brenmiller to scale its technology deployment.

• TUTCO to manufacture and sell resistive heaters to Brenmiller
• TUTCO heaters to be used in bGen™ ZERO systems set to be delivered to current projects in Israel and Europe as well as new projects expected from Brenmiller’s robust global project pipeline
• Brenmiller Energy and TUTCO are joining forces with an aim to accelerate the shift toward electrification and decarbonization of industry

ROSH HA’AYIN, Israel & TEL AVIV, Israel--(BUSINESS WIRE)-- Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy" or the "Company") (Nasdaq: BNRG), a pioneer in developing thermal storage (“TES”) systems, today announced it has entered into a manufacturing and supply agreement with U.S.-based TUTCO Heating Solutions Group (“TUTCO”), a global leader in the supply of electric resistive heating elements and subsidiary of London-based Smiths Group (LSE: SMIN), a £5.6 billion industrial technology company. TUTCO has designed, and will manufacture, heaters that are key components of Brenmiller’s next-generation bGen™ ZERO TES systems.

Brenmiller’s award-winning TES technology is a sustainable heat battery that uses crushed rocks to store high-temperature heat.​ Powered by renewable energy, bGen™ ZERO generates carbon-free heat, steam or hot air, ensuring stable conditions for 24/7 operation. The heaters, which TUTCO will supply to Brenmiller, will capture electricity from renewable sources, converting the electricity to heat which will then be stored in crushed rocks in bGen™ ZERO’s bCubes™.

The manufacturing agreement with TUTCO will support the completion of the bGen™ ZERO system, with the first three units set for delivery to Tempo Beverages Ltd., the sole producer and distributor of Heineken and Pepsi products in Israel, Wolfson Hospital, and Partner in Pet Food Hungaria, one of Europe’s leading private label pet food producers. More bGen™ ZERO installations are expected from Brenmiller’s $440 million global pipeline of commercial opportunities.

“TUTCO Heating Solutions Group is committed to leveraging engineering expertise to foster a more sustainable future. Thermal energy storage represents a significant stride towards a greener planet, and we are delighted to collaborate with Brenmiller Energy. We anticipate the global deployment of this technology for years to come,” said A.J. Nidek, a Sales Leader at the TUTCO Heating Solutions Group.

TUTCO is actively contributing to the global shift towards electrification and decarbonization by providing efficient heating solutions that support environmental initiatives. Their focus on innovation, combined with a commitment to quality and responsiveness to market needs, makes TUTCO a strong partner for industries transitioning to electric heat​.

“As we ramp up commercial production of bGen™ ZERO to meet growing demand, we are very pleased to work with TUTCO, a heating industry giant that is committed to decarbonization. Built with the highest quality components and systems, we believe that our bGen™ ZERO is designed to deliver sustainable power for decades to come,” stated Avi Brenmiller, CEO and founder of Brenmiller Energy.

About bGen™

bGen™, Brenmiller’s TES system, converts electricity into heat to power sustainable industrial processes at a price that is competitive with natural gas. The bGen™ charges by capturing low-cost electricity from renewables or the grid and stores it in crushed rocks. It then discharges steam, hot water, or hot air on demand according to customer requirements. The bGen™ also supports the development of utility-scale renewables by providing critical flexibility and grid-balancing capabilities. bGen™ was named among TIME’s Best Inventions of 2023 in the Green Energy category.

About Brenmiller Energy Ltd.

Brenmiller Energy helps energy-intensive industries and power producers end their reliance on fossil fuel boilers. Brenmiller’s patented bGen™ thermal battery is a modular and scalable energy storage system that turns renewable electricity into zero-emission heat. It charges using low-cost renewable electricity and discharges a continuous supply of heat on demand and according to its customers’ needs. The most experienced thermal battery developer on the market, Brenmiller operates the world’s only gigafactory for thermal battery production and is trusted by leading multinational energy companies. For more information visit the Company’s website at https://bren-energy.com/ and follow the Company on X (formerly Twitter) and LinkedIn.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, the Company is using forward-looking statements in this press release when it discusses: the future manufacturing of the TUTCO heaters as key components of Brenmiller’s bGen™ ZERO TES systems; that the manufacturing agreement with TUTCO will support the completion of the bGen™ ZERO system; the delivery of the first three units of the bGen™ ZERO to Tempo Beverages Ltd., Wolfson Hospital, and Partner in Pet Food Hungaria; the expected installations of bGen™ ZERO to Brenmiller’s $440 million global pipeline of commercial opportunities; global deployment of the bGen™ ZERO technology for years to come; and that bGen™ ZERO’s design will deliver sustainable power for decades to come. Without limiting the generality of the foregoing, words such as “plan,” “project,” “potential,” “seek,” “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate” or “continue” are intended to identify forward-looking statements. Readers are cautioned that certain crucial factors may affect the Company’s actual results and could cause such results to differ materially from any forward-looking statements that may be made in this press release. Factors that may affect the Company’s results include, but are not limited to: the Company’s planned level of revenues and capital expenditures; risks associated with the adequacy of existing cash resources; the demand for and market acceptance of our products; impact of competitive products and prices; product development, commercialization or technological difficulties; the success or failure of negotiations; trade, legal, social and economic risks; and political, economic and military instability in the Middle East, specifically in Israel. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s Annual Report on Form 20-F for the year ended December 31, 2023 filed with the SEC on March 18, 2024, which is available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241121411485/en/

Media:



Tori Bentkover

brenmillerenergy@antennagroup.com



Sam Robinson

samuel.robinson@tutco.com

Source: Brenmiller Energy

FAQ

What is the value of Brenmiller Energy's (BNRG) current global pipeline?

Brenmiller Energy (BNRG) has a $440 million global pipeline of commercial opportunities.

Who are the first customers receiving Brenmiller Energy's (BNRG) bGen™ ZERO systems?

The first three bGen™ ZERO units will be delivered to Tempo Beverages (Heineken and Pepsi distributor in Israel), Wolfson Hospital, and Partner in Pet Food Hungaria.

What is the purpose of TUTCO's heaters in Brenmiller Energy's (BNRG) bGen™ ZERO system?

TUTCO's heaters capture electricity from renewable sources and convert it to heat, which is then stored in crushed rocks within bGen™ ZERO's bCubes™ for sustainable heat generation.