Welcome to our dedicated page for Brenmiller Energy news (Ticker: BNRG), a resource for investors and traders seeking the latest updates and insights on Brenmiller Energy stock.
Overview of Brenmiller Energy Ltd
Brenmiller Energy Ltd is a technology company at the cutting edge of thermal energy storage solutions, specializing in the development, production, marketing, and sale of its proprietary bGen™ system. By converting excess renewable energy into storable heat, the company provides a robust platform that supports industrial electrification and decarbonization. This innovative approach not only offers an alternative to conventional fossil-fuel-based heating systems but also facilitates more efficient integration of renewable energy resources into industrial applications.
Technology and Operational Excellence
The cornerstone of Brenmiller Energy’s portfolio is its bGen™ thermal energy storage system, which transforms surplus electricity—whether generated from solar, wind, or off-peak grid power—into thermal energy that can be later discharged as steam, hot air, or direct heat. This process is achieved by storing energy in crushed rock, ensuring long-term reliability and stability. Unlike conventional storage methods, the bGen™ system is engineered to avoid degradation over time, completely sidestepping the issues related to rare-earth mineral dependency and volatility in fuel supply chains.
Industrial Integration and Market Application
Brenmiller Energy’s technology addresses critical demands within various industrial sectors including manufacturing, steel production, cement, chemicals, and textiles. In these applications, consistent and high-temperature energy is required, and conventional renewable energy sources like solar and wind often fall short due to their intermittent nature. The company’s solution offers a direct method to bridge this gap, effectively decarbonizing industrial heat processes while also stabilizing energy costs. The ability to store thermal energy during periods of low demand and retrieve it during peak usage makes the bGen™ system a key asset for industries striving to reduce greenhouse gas emissions without compromising operational continuity.
Competitive Position and Industry Impact
Within the fast-evolving landscape of renewable energy and energy storage, Brenmiller Energy distinguishes itself by addressing several fundamental industry challenges. Unlike lithium-ion batteries that can be cost-prohibitive and suffer from degradation, or hydrogen systems that require extensive infrastructure investments, the company’s approach delivers an immediately deployable, cost-effective, and long-lasting solution. By eliminating dependency on imported fuels and reducing the volatility associated with traditional energy supplies, Brenmiller Energy reinforces its value proposition for industrial stakeholders and contributes significantly to decarbonization efforts.
Operational Advantages and Industry Relevance
- High Durability: The bGen™ system offers superior longevity, designed to operate efficiently for decades without notable performance decay.
- Cost Efficiency: By leveraging off-peak renewable energy and converting it into storable heat, the system effectively reduces operational expenses linked to traditional energy sources.
- True Decarbonization: The technology supports a tangible reduction in carbon emissions in sectors that traditionally depend on fossil fuels for industrial heat.
- Scalability: The system’s modular design allows for integration across a range of industrial applications, making it a versatile asset in the current energy transition landscape.
Conclusion
Brenmiller Energy Ltd occupies a strategic niche in the industrial energy sector by providing a practical and immediately applicable solution for thermal energy storage. Its commitment to innovation and operational excellence is evident in the robust performance and scalability of its bGen™ system, which aligns perfectly with the global momentum towards decarbonization and increased renewable energy integration. This technology not only promises to stabilize energy supplies and costs for industrial operations, but also plays a pivotal role in reducing reliance on fossil fuels, thereby underscoring its relevance and authority in the clean energy transition.
Brenmiller Energy (NASDAQ: BNRG) provides a comprehensive overview of its 2024 achievements and 2025 outlook in the thermal energy storage (TES) market. The company operates a TES gigafactory capable of producing up to 4 GWh of bGen™ systems valued at up to $200 million and is developing 7 projects globally with a $440 million commercial pipeline across 12 industries in 13 countries.
Key developments include forming Brenmiller Europe S.L., a joint venture with Green Enesys and Viridi, and securing significant projects including: a 12-year Heat as a Service agreement with PPF for a 30 MWh bGen™ ZERO system, a partnership with Tempo for a 32 MWh system expected to save $7.5 million over 15 years, and a $3.55 million project with Wolfson Hospital for a 12 MWh system. The company also announced a collaboration with TUTCO Heating Solutions Group to strengthen manufacturing capabilities.
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.
Brenmiller Energy (Nasdaq: BNRG) announced that its bGen™ ZERO thermal energy storage solution has been selected for a clean energy project by REBI in Spain. The 1.4 MWh project will be delivered through Brenmiller Europe S.L., a new joint venture between Brenmiller Energy, Viridi, and Green Enesys.
The project, supported by a NextGenerationEU grant through IDAE, will feature bGen™ ZERO configured with 1.4 MWh of charging capacity, 10 MWh of storage, and 33 hours of continuous discharge. The system will store and deliver renewable energy for industrial steam to REBI's customer, contributing to increased energy efficiency and reduced carbon emissions.
Brenmiller Energy (NASDAQ: BNRG) has announced key leadership appointments for its Spain-based joint venture, Brenmiller Europe S.L. Emilio Lopez, a renewable energy executive with over 25 years of experience, has been appointed as Chairman. The joint venture, established in September 2024, also includes Dr. José Luis Morán as Managing Director, who simultaneously serves as Director of Integrated Energy Solutions for Green Enesys and Viridi.
The joint venture aims to accelerate the commercial rollout of bGen™ thermal energy storage technology across Europe, leveraging favorable regulatory conditions, project financing, and clean energy cost-benefits. Lopez brings extensive expertise in renewable energy and energy efficiency sectors, while Morán contributes over 30 years of leadership experience in energy and industrial sectors.
Brenmiller Energy (NASDAQ: BNRG) has reached a major milestone in its thermal energy storage (TES) project for Tempo Beverages, achieving 40% of Tempo's financial commitment. The company will replace Tempo's fossil fuel boilers with a 32 MWh bGen™ ZERO TES system, scheduled for commissioning in 2025.
The project is expected to save Tempo, a major Israeli beverage producer partially owned by Heineken International, approximately $7.5 million in energy costs over 15 years. The system will eliminate about 2,000 tons of heavy fuel usage annually and reduce carbon emissions by 6,200 tons per year. Manufacturing of bGen™ components at Brenmiller's gigafactory will be completed with shipment for on-site assembly starting mid-January 2025.
Brenmiller Energy (Nasdaq: BNRG) has achieved ISO/IEC 27001:2022 certification, the leading global standard for Information Security Management Systems. This certification validates that Brenmiller has implemented internal procedures and systems that effectively manage data security risks and meet the energy industry's quality standards.
The certification covers multiple aspects of Brenmiller's operations, including research and product development, engineering, sales, manufacturing, project management, commissioning, and operation and maintenance of its bGen™ thermal energy storage systems. This voluntary certification demonstrates the company's commitment to maintaining high data security standards in the thermal energy storage industry.
Brenmiller Energy (NASDAQ: BNRG) COO Nir Brenmiller will present at the Emerging Growth Conference on December 4, 2024. The presentation will focus on recent agreements with TUTCO Heating Solutions Group and Entelios AG, positioning the company to monetize a project pipeline worth $440 million.
The company's bGen™ ZERO TES systems use crushed rocks to transform electricity into storable, carbon-free heat for industrial applications. TUTCO will design and supply essential components for these systems. The German TES market, accessible through the Entelios partnership, is expected to reach $2.9 billion by 2028.
Brenmiller's technology offers 24/7 reliability, cost-effectiveness, and scalability, serving industries like food and beverage, pharmaceuticals, and chemical manufacturing. The company's Dimona gigafactory is the world's first dedicated to TES production.
Brenmiller Energy (Nasdaq: BNRG) has closed a private placement with an existing institutional investor, raising $1.05 million through the sale of 1,000,000 ordinary shares at $1.05 per share. The price represents a 52% premium to the August 2, 2024 closing price and a 33% premium to the December 3, 2024 closing price of $0.79.
The investor has the right to purchase an additional 1,000,000 ordinary shares if the company's stock closes at or above $2.50 per share within the next 12 months. The proceeds will be used for general corporate purposes and working capital. The company agrees to file a registration statement with the SEC within 30 days of closing to register the resale of the shares.
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.
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.
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