Brenmiller Energy Completes Tempo bGen™ Component Manufacturing; On-Site Assembly and Project Commissioning On-Track for 2025

Rhea-AI Summary

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.

Positive

• Project expected to generate $7.5M in customer savings over 15 years
• Manufacturing completion signals progress in project execution
• Secured contract with local contractor for implementation phase
• Project on schedule for 2025 commissioning

Negative

• None.

Insights

Energy Infrastructure Analyst

The completion of manufacturing for Brenmiller's 32 MWh bGen™ thermal energy storage system marks a important milestone in industrial decarbonization. The projected $7.5 million in cost savings over 15 years, combined with 6,200 tons of annual carbon emissions reduction, demonstrates a compelling business case for industrial thermal energy storage adoption.

The partnership with Tempo, partially owned by Heineken International B.V., serves as a high-profile proof-of-concept for Brenmiller's technology in the food and beverage sector. This sector represents a significant market opportunity, as it requires consistent high-temperature processes traditionally dependent on fossil fuels. The successful implementation could catalyze similar adoptions across Heineken's global operations and other beverage manufacturers.

The selection of a local contractor and imminent component shipment timeline suggests strong project execution capability, critical for a company with $8.2 million market capitalization targeting large industrial clients. The system's ability to replace conventional fossil fuel boilers while maintaining reliable heat supply addresses a key concern in industrial process transitions to renewable energy.

Sustainability Investment Analyst

This project represents a significant green technology implementation with measurable environmental and financial benefits. The expected $500,000 annual cost savings ($7.5 million over 15 years) demonstrates the economic viability of industrial decarbonization solutions. The 6,200 tons of annual carbon emissions reduction adds tangible environmental value, potentially qualifying for carbon credits or environmental incentives.

The involvement of Heineken International B.V., through Tempo, provides strategic validation for Brenmiller's technology. Success here could lead to broader adoption across Heineken's global operations, representing a substantial scaling opportunity. The project's alignment with increasing corporate sustainability commitments and regulatory pressure for industrial decarbonization positions Brenmiller favorably in the growing thermal energy storage market.

• Brenmiller is replacing Tempo’s fossil fuel boilers with a bGen™ thermal energy storage system
• The 32 MWh bGen™ system is expected to mitigate 6,200 tons of carbon emissions annually and save Tempo an estimated $7.5M in energy costs over 15 years
• 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

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 customers, announced today that preparatory groundwork for the project is being concluded and Brenmiller has selected and signed a local contractor to lead the implementation and construction phase of its flagship project for Tempo Beverages Ltd. (“Tempo”).

bGen system components ready for shipment from Brenmiller Energy's gigawatt manufacturing facility to Tempo Beverages' processing plant (Photo: Business Wire)

The contractor is responsible for ensuring that the construction and installation of Tempo’s bGen™ TES system complies with safety standards, includes mechanisms for supervision, reporting and coordination with Brenmiller, and stays on schedule. The Company is completing manufacturing of the bGen™ components, which are expected to be shipped for on-site assembly beginning in mid-January 2025.

“We’re pleased to share that manufacturing is nearing completion and that we’re on track to deliver on our promises to our customer, Tempo,” said Avi Brenmiller, Chairman and Chief Executive Officer of Brenmiller Energy. “The contractor we’ve selected has a proven track record for completing projects safely and on time, and we look forward to showing continued progress towards our goal.”

Once commissioned, Brenmiller’s bGen™ ZERO TES system will replace Tempo’s fossil fuel boilers and serve as the beverage processor’s primary heat source. The switch from heavy fuel oil 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 expected timeline for its flagship project for Tempo; that, once commissioned, Brenmiller’s bGen™ ZERO TES system will replace Tempo’s fossil fuel boilers, serve as the beverage processor’s primary heat source; and that the switch from heavy fuel oil 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. 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/20241231273783/en/

Media Contact:

Tori Bentkover

brenmillerenergy@antennagroup.com

Source: Brenmiller Energy Ltd.

FAQ

What are the expected cost savings from BNRG's thermal storage system for Tempo Beverages?

Brenmiller Energy's bGen™ thermal storage system is expected to save Tempo Beverages approximately $7.5 million in energy costs over a 15-year period.

When will BNRG begin the on-site assembly of the Tempo Beverages project?

Brenmiller Energy plans to begin on-site assembly of the bGen™ components at Tempo Beverages' facility in mid-January 2025.

How much carbon emissions will BNRG's system reduce at Tempo Beverages annually?

The bGen™ ZERO thermal energy storage system is expected to mitigate over 6,200 tons of carbon emissions annually at Tempo Beverages' facility.

What is the storage capacity of BNRG's thermal system for Tempo Beverages?

The bGen™ thermal energy storage system being installed at Tempo Beverages has a capacity of 32 MWh.