Brenmiller Energy Begins On-Site bGen™ ZERO Assembly at Tempo Beverages’ Factory, Heat Battery to Replace Fossil Fuel Boilers for Heineken and Pepsi Producer

Rhea-AI Summary

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.

Positive

• Project milestone achievement triggers second payment from Tempo
• Expected cost savings of $7.5M over 15 years for client
• Annual carbon emissions reduction of 6,200 tons
• Company has 103 MWh of systems in operation and construction globally

Negative

• Project completion not expected until end of 2025

Insights

Energy Technology Analyst

The commencement of on-site assembly at Tempo Beverages marks a important inflection point for Brenmiller Energy's commercialization strategy. The 32 MWh bGen™ ZERO system implementation represents a significant validation of the company's thermal energy storage technology in the industrial sector. The project's economics are compelling - the projected $7.5 million in energy cost savings over 15 years translates to approximately $500,000 in annual savings for Tempo, demonstrating a clear return on investment for industrial customers.

The achievement of this contractual milestone, triggering the second project payment, strengthens Brenmiller's financial position and validates their project execution capabilities. This is particularly significant given that many cleantech companies struggle with project implementation and payment collection. The partnership with Tempo, a manufacturer for global brands like Heineken and Pepsi, provides Brenmiller with a high-visibility reference case that could accelerate adoption across the beverage industry, which faces increasing pressure to decarbonize operations.

The projected reduction of 6,200 tons of carbon emissions annually demonstrates the substantial environmental impact of replacing fossil fuel boilers with thermal energy storage. This successful implementation could serve as a blueprint for similar industrial facilities worldwide, particularly in regions with high industrial heat demand and strong decarbonization initiatives. The project's scheduled completion by end of 2025 positions Brenmiller to capitalize on the growing industrial decarbonization market, estimated to require trillions in investment over the coming decades.

• Brenmiller achieves contractual milestone, triggering second project payment from Tempo
• Project completion on track for end of 2025
• 32 MWh bGen™ thermal energy storage system is expected to mitigate 6,200 tons of carbon emissions annually and save Tempo $7.5M in energy costs over 15 years

TEL-AVIV, Israel--(BUSINESS WIRE)-- Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy” or the “Company”) (Nasdaq: BNRG), a leading global provider of thermal energy storage (“TES”) solutions for industrial and utility markets, announced today that its contractor has started assembling its 32 MWh bGen™ ZERO TES system for Tempo Beverages (“Tempo”) on-site at the client’s factory in Netanya, Israel. Tempo, partially owned by Heineken International B.V., is one of Israel’s largest producers and distributors of beverages for brands including Heineken and Pepsi.

“We are proud to report that on-site assembly of our bGen for Tempo is running according to schedule and project commissioning is on track for end of 2025,” said Avi Brenmiller, Chairman and Chief Executive Officer of Brenmiller Energy. “It’s exciting to see our flagship project come to life, as well as its momentum reflected in our pipeline with each additional milestone we achieve. We’re confident that this project will create even greater demand for TES solutions globally, as we demonstrate that cleaner solutions are better economic solutions.”

The contractor is responsible for ensuring that the construction and installation of Tempo’s bGen™ system complies with all safety standards and follows the strictest supervision, reporting and coordination standards with Brenmiller and the customer, while remaining on schedule to completion.

As a global leader in deployed TES systems with 103 MWh in operation and construction, Brenmiller’s bGen™ will replace Tempo’s heavy fuel oil boilers to serve as the beverage processor’s primary heat source. The switch from fossil fuels to electricity is estimated to mitigate over 6,200 tons of carbon emissions annually and save Tempo an estimated $7.5 million over 15 years.

About bGen™

bGen™ ZERO is Brenmiller’s TES system, which converts electricity into heat to power sustainable industrial processes at a price that is competitive with natural gas. The bGen™ ZERO 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™ ZERO also supports the development of utility-scale renewables by providing critical flexibility and grid-balancing capabilities. bGen™ ZERO 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™ ZERO 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 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 timeline for on-site assembly and commissioning of the Company’s bGen for Tempo, including remaining on schedule to completion, the Company’s future pipeline and achievement of future milestones, future demand for TES solutions globally, and that the switch from fossil fuels to electricity will mitigate over 6,200 tons of carbon emissions annually and save Tempo an estimated $7.5 million over 15 years. 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/20250213060819/en/

Media Contact:

Tori Bentkover

brenmillerenergy@antennagroup.com

Source: Brenmiller Energy Ltd.

FAQ

What are the expected cost savings from Brenmiller Energy's (BNRG) bGen system for Tempo Beverages?

The bGen thermal energy storage system is expected to save Tempo Beverages $7.5 million over a 15-year period.

How many MWh of thermal storage capacity will BNRG's system provide at Tempo's facility?

Brenmiller Energy's bGen ZERO system will provide 32 MWh of thermal energy storage capacity at Tempo's factory in Netanya, Israel.

What is the expected carbon emission reduction from BNRG's system at Tempo Beverages?

The system is expected to mitigate 6,200 tons of carbon emissions annually by replacing heavy fuel oil boilers.

When is the expected completion date for BNRG's Tempo Beverages project?

The project is scheduled for completion by the end of 2025.

How much total thermal energy storage capacity does BNRG have in operation and construction?

Brenmiller Energy has 103 MWh of thermal energy storage systems in operation and construction globally.