Brenmiller to Be Featured at Pantokrator’s “Unlocking the Power of Thermal Energy Storage” Event on May 23, 2024

Rhea-AI Summary

Brenmiller Energy, a leader in thermal energy storage (TES), will be featured at Pantokrator’s “Unlocking the Power of Thermal Energy Storage” event on May 23, 2024. The webinar, starting at 11:00 am ET, will also include presentations from Rondo Energy and Antora Energy, among others.

TES is highlighted as a significant investment opportunity in the energy transition space, potentially impacting 20% of global greenhouse gases. Brenmiller’s COO, Nir Brenmiller, will discuss the company’s mature TES technology, which is designed for decarbonizing industrial heat.

The company has a project pipeline valued at $500 million with 49 potential contracts, representing over 6,000 MWh of zero-emission heat. Brenmiller's bGen™ technology, which uses crushed rocks to store energy, is modular and scalable, replacing fossil fuel boilers in industrial and power plants across 13 countries and 12 industries.

Positive

• Brenmiller Energy to present at a pivotal event on May 23, 2024, showcasing its leadership in TES.
• Project pipeline valued at $500 million with 49 potential contracts.
• TES technology designed for decarbonizing industrial heat, impacting 20% of global GHG emissions.
• bGen™ technology provides zero-emission heat, reducing dependency on fossil fuel boilers.
• Active projects in 13 countries across 12 industries indicate strong global reach.
• Modular and scalable technology offers operational reliability and adaptability to customer needs.

Negative

• The financial commitment and execution risk associated with a $500 million project pipeline.
• Potential delays or setbacks in securing and executing the 49 potential contracts.
• Reliance on TES adoption and market acceptance for future growth.
• Technological risks associated with scaling and customizing bGen™ systems for diverse industries.

• Brenmiller will present alongside other major thermal energy players including Rondo Energy, Antora Energy, and others
• Brenmiller’s mature technology is well suited for the decarbonization of industrial heat, as evidenced by the Company’s recent announcement of a project pipeline of $500 million of potential value
• Register for the online event here: LINK

ROSH HA’AYIN, Israel--(BUSINESS WIRE)-- Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy” or the “Company”) (Nasdaq: BNRG), a global leader in thermal energy storage(“TES”), today announced its Chief Operating Officer, Nir Brenmiller, will present at Pantokrator’s “Unlocking the Power of Thermal Energy Storage” webinar which begins at 11:00 am ET on May 23, 2024.

According to Pantokrator, a UK-based investment bank focused on energy transition and sustainability, TES represents one of the largest emerging investment opportunities in the energy transition space with a potential impact on 20% of global greenhouse gasses (GHG). Pantokrator invites all to attend the free live webinar as TES is a crucial part of long-duration energy storage (LDES) for renewable energy to become mainline, and it is also a proven and reliable path in tackling one of the most difficult areas to abate, industrial heat decarbonization.

Brenmiller, a leader in the TES space, with proven and mature technology, recently reported its project pipeline valued at $500 million with 49 potential contracts, representing more than 6,000 MWh of zero-emission heat, as of May 1, 2024. Brenmiller is advancing potential projects in 12 industries across 13 countries.

Brenmiller’s bGen™ TES technology replaces the need for fossil fuel boilers at industrial and power plants, which contribute to nearly one-quarter of all global emissions. It uses crushed rocks to store low-cost electricity from renewable or other sustainable sources and dispatches steam, hot water or hot air according to customers’ needs. Brenmiller’s TES technology is modular and highly configurable and provides heavy-emitting and mission-critical customers with scalable access to zero-emission heat while ensuring 24/7 operational reliability.

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 Company participation alongside other major thermal energy players in Pantokrator’s event, that TES represents one of the largest emerging investment opportunities in the energy transition space with a potential impact on 20% of global GHG, the Company’s project pipeline valued at $500 million with 49 potential contracts, representing more than 6,000 MWh of zero-emission heat, as of May 1, 2024, and that the Company is advancing potential projects in 12 industries across 13 countries. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240522575985/en/

Media:

Tori Bentkover

brenmillerenergy@antennagroup.com

Source: Brenmiller Energy Ltd.

FAQ

When is Brenmiller presenting at the Pantokrator event?

Brenmiller will present on May 23, 2024, at 11:00 am ET.

What is the potential value of Brenmiller's project pipeline?

Brenmiller's project pipeline is valued at $500 million.

How many potential contracts does Brenmiller have?

Brenmiller has 49 potential contracts.

What technology does Brenmiller use for thermal energy storage?

Brenmiller uses bGen™ technology, which stores energy in crushed rocks.

In how many countries is Brenmiller advancing potential projects?

Brenmiller is advancing potential projects in 13 countries.

What is the focus of TES technology?

TES technology focuses on decarbonizing industrial heat and reducing global greenhouse gas emissions.

What are the benefits of Brenmiller’s bGen™ technology?

bGen™ technology offers zero-emission heat, modularity, scalability, and operational reliability.