Brenmiller Energy Targets Decades High Demand For TES Technology
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) sta compiendo progressi nel settore dell'accumulo di energia termica (TES) con la sua tecnologia bGen™ ZERO, progettata per la decarbonizzazione industriale. L'azienda ha annunciato una partnership prevista con Entelios AG, in Germania, per accedere a 1 GW di flessibilità nella gestione dell'energia. Operando dalla prima gigafactory di batterie termiche al mondo a Dimona, in Israele, Brenmiller prevede 440 milioni di dollari in ricavi durante la durata dei contratti. La tecnologia dell'azienda ha ricevuto un riconoscimento notevole, tra cui il titolo di Migliore Invenzione nella categoria Energia Verde per il 2023 da parte della rivista TIME. Brenmiller serve mercati negli Stati Uniti, nell'UE, in America Latina, in Canada e in Israele, posizionandosi nel mercato TES della Germania, che si prevede raggiunga 2,9 miliardi di dollari entro il 2028.
Brenmiller Energy (NASDAQ: BNRG) está avanzando en el sector del almacenamiento de energía térmica (TES) con su tecnología bGen™ ZERO, diseñada para la descarbonización industrial. La empresa ha anunciado una asociación planificada con Entelios AG, de Alemania, para acceder a 1 GW de flexibilidad en la gestión de energía. Operando desde la primera gigafábrica de baterías térmicas del mundo en Dimona, Israel, Brenmiller proyecta 440 millones de dólares en ingresos a lo largo de la duración de los contratos. La tecnología de la empresa ha recibido un notable reconocimiento, incluyendo haber sido nombrada como la Mejor Invención en la categoría de Energía Verde por la revista TIME en 2023. Brenmiller sirve a mercados en EE. UU., UE, América Latina, Canadá e Israel, posicionándose en el mercado TES de Alemania, que se prevé alcanzará 2,9 mil millones de dólares para 2028.
브렌밀러 에너지(Brenmiller Energy) (NASDAQ: BNRG)는 산업 탈탄소화를 위해 설계된 bGen™ ZERO 기술로 열에너지 저장(TES) 분야에서 진전을 이루고 있습니다. 이 회사는 독일의 엔텔리오스 AG(Entelios AG)와의 파트너십 계획을 발표하며, 1GW의 에너지 관리 유연성을 확보할 예정입니다. 이스라엘 디모나에 위치한 세계 최초의 열 배터리 기가팩토리에서 운영되는 브렌밀러는 계약 기간 동안 4억 4천만 달러의 수익을 예상하고 있습니다. 이 회사의 기술은 2023년 제임스 타임지의 친환경 에너지 부문 최고의 발명으로 선정되는 등 주목할 만한 인정을 받았습니다. 브렌밀러는 미국, 유럽연합, 라틴 아메리카, 캐나다 및 이스라엘 등 다양한 시장에 서비스를 제공하며, 독일 TES 시장에서 2028년까지 29억 달러에 이를 것으로 예상되고 있습니다.
Brenmiller Energy (NASDAQ: BNRG) progresse dans le secteur du stockage d'énergie thermique (TES) avec sa technologie bGen™ ZERO, conçue pour la décarbonisation industrielle. L'entreprise a annoncé un partenariat prévu avec Entelios AG en Allemagne, accédant à 1 GW de flexibilité dans la gestion de l'énergie. Depuis la première gigafactory de batteries thermiques au monde située à Dimona, en Israël, Brenmiller projette 440 millions de dollars de revenus au cours des périodes de contrat. La technologie de l'entreprise a reçu une reconnaissance notable, y compris le titre de Meilleure Invention dans la catégorie Énergie Verte par le magazine TIME pour 2023. Brenmiller dessert des marchés aux États-Unis, dans l'UE, en Amérique latine, au Canada et en Israël, se positionnant sur le marché TES allemand, qui devrait atteindre 2,9 milliards de dollars d'ici 2028.
Brenmiller Energy (NASDAQ: BNRG) setzt Fortschritte im Bereich der thermischen Energiespeicherung (TES) mit seiner bGen™ ZERO Technologie um, die für die Dekarbonisierung der Industrie konzipiert ist. Das Unternehmen hat eine geplante Partnerschaft mit dem deutschen Unternehmen Entelios AG angekündigt, um auf 1 GW an Flexibilität im Energiemanagement zuzugreifen. Aus dem ersten thermischen Batteriegigafabrik der Welt in Dimona, Israel, prognostiziert Brenmiller 440 Millionen Dollar Umsatz über die Vertragslaufzeiten. Die Technologie des Unternehmens hat eine bemerkenswerte Anerkennung erhalten, darunter die Auszeichnung als beste Erfindung in der Kategorie Grüne Energie 2023 von TIME Magazine. Brenmiller bedient Märkte in den USA, der EU, Lateinamerika, Kanada und Israel und positioniert sich auf dem TES-Markt in Deutschland, dessen Volumen bis 2028 2,9 Milliarden Dollar erreichen soll.
- Projected revenue of $440 million from current project pipeline
- Strategic partnership with Entelios AG accessing 1 GW energy management flexibility
- Operation of world's first thermal battery gigafactory
- Potential revenue from negative grid energy prices in Germany
- Technology enables industrial clients to participate in grid-balancing markets
- None.
Insights
The thermal energy storage (TES) market shows strong growth potential, with Germany's segment alone projected to reach
The company's competitive edge lies in their ability to generate dual revenue streams - from industrial clients and grid balancing services. Germany's negative grid energy pricing creates additional monetization opportunities. However, investors should note that despite strong positioning and technological advantages, the company's relatively small market cap of
Miami, Florida--(Newsfile Corp. - November 7, 2024) - Brenmiller Energy (NASDAQ: BNRG) is blazing a trail in the thermal energy storage (TES) sector, where the demand for clean, reliable energy solutions is red hot- literally. With revolutionary technology, a strong track record, and a growing portfolio of strategic partnerships, Brenmiller has positioned itself to capitalize.
Recently, Brenmiller released its 2023-2024 Environmental, Social, and Governance (ESG) report, a potent testament to its commitment to net-zero industrial heat solutions and advancing clean energy worldwide. Serving markets across the U.S., EU, Latin America, Canada, and Israel, Brenmiller has built a global presence with technology and partnerships that put them on track to become an integral services provider to the clean energy revolution.
Unleashing the Power of Partnership with Entelios
Brenmiller's innovation is its bGen™ ZERO technology-an innovative approach and solution for industrial decarbonization. Designed to bring versatile, clean heat to energy-intensive industries like food processing and large-scale manufacturers, bGen™ ZERO is meeting market needs in ways few could have imagined even a decade ago. And it couldn't be arriving at a better time, as demand for TES surges alongside ESG mandates and global decarbonization policies.
Brenmiller's CEO recently described demand for TES as "the strongest" he's seen in his 40-year career. A planned partnership with Germany's Entelios AG, one of the nation's leading energy management firms, only adds to its momentum. Once executed, it aligns Brenmiller with Germany's ambitious green energy transition goals and allows them to tap into Entelios's impressive 1 GW of energy management flexibility. For perspective, that's enough to power around 750,000 households-at the same time promoting grid optimization and clean energy management.
Revolutionizing Grid Stability and Clean Energy Access
Additionally, from its capability to generate high-temperature heat from renewable power, Brenmiller's bGen™ ZERO technology enhances grid stability, balances energy supply, and delivers massive energy savings for industrial clients. Moreover, its TES technology enables clients to participate in grid-balancing markets, reducing energy expenses, capturing revenue from ancillary services, and responding to demand spikes. These advantages position Brenmiller to capture a significant share of Germany's growing TES market, forecasted to hit
Germany's negative grid energy prices, meaning that companies like Brenmiller can get paid to provide excess energy to the grid, are expected to open additional revenue opportunities for Brenmiller. In other words, with bGen™ ZERO's flexible energy model, Brenmiller could provide valuable service to clients and even sell excess energy back to the grid-a true two-way advantage that few competitors can match.
The World's First TES Gigafactory
Brenmiller's momentum and ambitions are supported by its state-of-the-art gigafactory in Dimona, Israel, the world's first thermal battery gigafactory. Opened in 2023 with support from the European Union, this groundbreaking facility provides the scale needed to meet the demands of Brenmiller's growing project pipeline, which the company forecasts can generate
As important, Brenmiller's bGen™ ZERO technology provides non-stop energy storage to industrial operations, extending equipment lifespan and supporting global goals for clean, affordable, and on-demand energy. Brenmiller's alignment with key UN Sustainable Development Goals (SDGs) also underscores Brenmiller's commitment to environmental progress and sustainable infrastructure.
Accolades that Speak for Themselves
Brenmiller's solutions have attracted the right kind of attention. In 2023, TIME magazine named its bGen™ system a Best Invention in the Green Energy category, affirming its unique impact on sustainable energy. Brenmiller has also been named an Innovation Champion at the European Investment Bank's AdVenture Debt Summit, was a finalist in BloombergNEF's BNEF Pioneers competition, and received multiple honors at the 2023 Energy Storage Awards. These recognitions not only highlight the power and potential of its technology; they validate the company's role as a TES sector thought leader.
As competitors scramble to reach the start line, it's important to note that Brenmiller is already in the race to deliver net-zero industrial heat and prove that clean energy can be a reality-not a distant goal. Through its powerful partnerships, groundbreaking technology, and unmatched vision, Brenmiller Energy is setting the bar high for TES innovation. And while Brenmiller, its partners, and clients benefit, the biggest winner can be the planet itself.
Brenmiller Energy
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About bGen™ Technology
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 Company's progress in offering access to zero-emission industrial heat solutions; the Company's bGen™ ZERO technology assisting in transforming industrial energy consumption worldwide; bGen™ ZERO's benefits, including lower customers' energy costs, increase project revenues, and paving the way for fully renewable power generation; the future expansion of the energy storage sector; the growth in the demand for the Company's solutions; the cumulative thermal energy storage capacity of the Company's projects; the excepted operational energy consumption reduction of the Company's automated gigafactory manufacturing line for bGen™ ZERO; the Company's long-term commitment to sustainable industrial transformation. 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 important 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.
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This article 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. The forward-looking statements contained or implied in this articcle 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. Hawk Point Media Group, Llc. undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. For Hawk Point Media Group Llc's full disclaimer and disclosure statement, click HERE.
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