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Brenmiller Energy Ltd Ordinary Shares - BNRG STOCK NEWS

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Brenmiller Energy Ltd (NASDAQ: BNRG) is an innovative Israel-based technology company that specializes in the development, production, marketing, and sale of thermal energy storage (TES) solutions. Founded in 2012, Brenmiller Energy is a pioneer in the electrification and decarbonization of the industrial sector, enabling the integration of renewable energy sources to significantly reduce carbon emissions.

Brenmiller Energy's flagship product, the bGen™ ZERO thermal battery, uses innovative technology to store heat at high temperatures using crushed rocks. This stored heat can then be released in the form of steam, hot water, or hot air, tailored to specific industrial needs. The system is designed to replace traditional fossil fuel boilers, contributing to substantial reductions in greenhouse gas emissions.

The company has captured significant market interest, with active discussions to secure 49 contracts across 12 industries and 13 countries. These deals have the potential to generate combined revenue exceeding $500 million, with projects spanning various sectors including food and beverage, consumer goods, energy, chemicals, and pharmaceuticals.

Brenmiller Energy's technology boasts several key features that make it attractive to a wide range of clients. These include Renewable Energy Integration, High Efficiency, Modularity and Scalability, and Environmental Benefits. The bGen™ ZERO charges using low-cost renewable electricity and can store heat up to 650°C (1202°F), ensuring efficient use of intermittent renewable energy sources such as solar and wind. Additionally, it offers a 34% improvement in energy density and a 40% increase in charging power compared to previous models.

The modular design of bGen™ ZERO, consisting of prefabricated units known as bCubes™, allows it to be configured to meet specific plant requirements and scale from 10 MWh to 1000 MWh. This flexibility, combined with the system's ability to eliminate carbon emissions from the heat generation process, reduce operational costs, and use non-hazardous, environmentally friendly materials, makes it a compelling solution for industrial applications.

To support its growing operations, Brenmiller Energy has established a state-of-the-art facility in Dimona, Israel, capable of supporting sales of up to $200 million. The company is also evaluating the establishment of additional plants in key markets such as the U.S. and Europe to meet increasing demand and provide local supply, faster delivery, and lower transportation costs. This expansion is made possible through non-dilutive financing options, showcasing Brenmiller's strong financial position and commitment to shareholder value.

Brenmiller Energy's stock has seen a recent increase, reflecting investor confidence in the company's advanced technology and robust project pipeline. The company's leadership, led by Chairman and CEO Avi Brenmiller, remains focused on driving revenue growth and maintaining the momentum of recent deal-making activities.

The company's patented bGen™ thermal battery is recognized as a significant advancement in thermal energy storage, turning renewable electricity into zero-emission heat. It was named among TIME's Best Inventions of 2023 in the Green Energy category. Brenmiller Energy operates the world's only gigafactory for thermal battery production, making it a trusted partner for leading multinational energy companies.

For more information, visit Brenmiller Energy's website and follow the company on social media platforms like X (formerly Twitter) and LinkedIn.

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Brenmiller Energy Ltd. (BNRG) has received a written notice from Nasdaq that it has regained compliance with the minimum bid price requirement for continued listing. The company provides Thermal Energy Storage systems to global industrial and utility markets.
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Brenmiller Energy Ltd. (Nasdaq: BNRG) successfully completes commissioning of a bGen thermal storage-based co-generation station at State University of New York (SUNY) in partnership with the New York Power Authority. The project is estimated to eliminate approximately 550 metric tons of greenhouse gas emissions per year. The bGen charges using both exhaust gas and electricity and has the potential for broader adoption in New York and across the U.S. The global market for thermal energy storage is predicted to reach over $2 trillion by 2040.
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Brenmiller Energy Ltd. (BNRG) signs non-binding MOU with SolWinHy Cádiz S.L, a special purpose company, jointly owned by Green Enesys Group and Viridi RE, to develop new-build hydrogen and e-methanol projects. The SolWinHy Project aims to contribute to the decarbonization of the European Union’s industrial, power generation, and transportation sectors by producing over 29,000 tons of green e-methanol per year and will incorporate 54 MW of wind and 165 MWp of photovoltaic electricity production exclusively from renewable energy. The project is expected to integrate bGen thermal energy storage capabilities with a capacity of at least 55 MWh. The final investment decision for the project is expected by the third quarter of 2024.
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Brenmiller Energy Ltd. (BNRG) announced a 1-for-10 reverse share split of its issued and outstanding ordinary shares, along with an increase in its authorized share capital by 100,000,000 Ordinary Shares. The reverse split will be implemented after market close on December 1, 2023, and the ordinary shares will begin trading on the Nasdaq Capital Market on a post-split basis at the market open on December 4, 2023. The changes have been reflected in the Company’s amended articles of association as approved by the Board of Directors and shareholders at the Special General Meeting of Shareholders held on November 13, 2023.
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Brenmiller Energy Ltd. (Nasdaq: BNRG) issued a letter to shareholders from CEO Avi Brenmiller, emphasizing the importance of renewable energy and thermal energy storage (TES) solutions in the current geopolitical climate. The World Bank's forecast of oil prices exceeding $150 per barrel due to conflicts in the Middle East underscores the need for renewable energy. Brenmiller sees a parallel with the 1970s oil crisis, which led to a global shift towards alternative energy sources. They believe that thermal energy storage is key to achieving true energy independence and sustainability, as it enables 24/7 carbon-free energy and grid stability. Brenmiller is committed to using innovation to build a prosperous and sustainable energy future for communities worldwide, with proven and environmentally sound technology. The company remains steadfast in its mission and value creation, with ongoing projects to replace fossil fuel-powered boilers and a commitment to reducing emissions.
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Brenmiller Energy's bGen technology has been named one of TIME's Best Inventions of 2023. The thermal energy storage system replaces fossil fuel boilers and converts electricity into heat at a competitive price. It supports the development of utility-scale renewables and has opened the world's first thermal battery gigafactory.
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Brenmiller Energy publishes annual ESG report, highlighting commitment to sustainable thermal energy storage solutions
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Brenmiller Energy signs contract with Tempo Beverages to replace heavy fuel oil boilers with bGen ZERO system
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Brenmiller Energy's bGen TES system shortlisted for Energy Storage Awards in two categories.
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Brenmiller Energy expects a production plant with a capacity of up to 4 GWh to be operational by year-end 2023, supporting up to $200 million in orders per year by 2024. The company has launched bGen ZERO, its new flagship product, which offers considerable improvements and aims to replace fossil fuel boilers for power. Brenmiller has signed a term sheet to form a joint venture with Green Enesys Group and Viridi, and is in advanced discussions for 9 joint projects totaling 2 GWh of TES capacity. The company has entered the renewable energy market in India and inaugurated the largest TES system production plant in the world in Dimona, Israel. The company expects quick market traction for its focus on delivering electric process steam to industrial customers.
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FAQ

What is the current stock price of Brenmiller Energy Ordinary Shares (BNRG)?

The current stock price of Brenmiller Energy Ordinary Shares (BNRG) is $0.855 as of November 1, 2024.

What is the market cap of Brenmiller Energy Ordinary Shares (BNRG)?

The market cap of Brenmiller Energy Ordinary Shares (BNRG) is approximately 6.1M.

What does Brenmiller Energy Ltd do?

Brenmiller Energy Ltd specializes in developing, producing, marketing, and selling thermal energy storage solutions to reduce carbon emissions and integrate renewable energy sources in the industrial sector.

What is the bGen™ ZERO thermal battery?

The bGen™ ZERO is an advanced thermal energy storage system that stores heat using crushed rocks and releases it in various forms (steam, hot water, or hot air) tailored to industrial needs.

How does Brenmiller Energy contribute to decarbonization?

Brenmiller Energy's thermal energy storage technology replaces traditional fossil fuel boilers, significantly reducing greenhouse gas emissions and supporting the integration of renewable energy sources.

What are the key features of the bGen™ ZERO technology?

The bGen™ ZERO offers Renewable Energy Integration, High Efficiency, Modularity and Scalability, and Environmental Benefits, including reducing operational costs and using non-hazardous materials.

How much potential revenue do Brenmiller Energy's current projects hold?

Brenmiller Energy is in discussions to secure contracts that could generate combined revenue exceeding $500 million across various industries and countries.

Where is Brenmiller Energy headquartered?

Brenmiller Energy is headquartered in Rosh Ha'Ayin, Israel.

What markets does Brenmiller Energy serve?

Brenmiller Energy serves a variety of markets including food and beverage, consumer goods, energy, chemicals, and pharmaceuticals, with clients in the U.S., Spain, Hungary, Israel, and India.

What is the significance of Brenmiller Energy's facility in Dimona, Israel?

The facility in Dimona supports potential sales of up to $200 million and is part of Brenmiller's strategy to meet increasing demand and provide local supply, faster delivery, and lower transportation costs.

How does Brenmiller Energy plan to expand its operations?

Brenmiller Energy is evaluating the establishment of additional plants in key markets like the U.S. and Europe, using non-dilutive financing to support its expansion and meet anticipated demand.

What recognitions has Brenmiller Energy received for its technology?

The bGen™ thermal battery was named among TIME's Best Inventions of 2023 in the Green Energy category, highlighting its significant advancement in thermal energy storage.

Brenmiller Energy Ltd Ordinary Shares

Nasdaq:BNRG

BNRG Rankings

BNRG Stock Data

6.10M
7.10M
25.77%
1.77%
0.73%
Utilities - Renewable
Utilities
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United States of America
Rosh Haayin