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.
News coverage of Brenmiller Energy focuses on the company's project developments, technology deployments, and strategic partnerships as thermal energy storage gains recognition as a critical decarbonization technology. Media reports frequently highlight new customer installations, manufacturing capacity expansions, and collaborations that advance the commercial adoption of heat battery systems across industrial sectors.
Industry analysts and clean energy publications examine the company's role in addressing industrial emissions through thermal storage technology. Coverage explores how facilities in energy-intensive sectors transition from fossil fuel heating to renewable-powered thermal storage while maintaining operational reliability and production quality. Project announcements detailing system specifications, energy capacity, and anticipated emissions reductions provide insight into the practical applications and performance characteristics of thermal battery deployments.
Financial and business news outlets track the company's market position within the expanding thermal energy storage sector. Reports analyze project pipeline growth, revenue projections, and competitive dynamics as multiple technology providers compete to capture market share in industrial decarbonization. Partnership announcements with energy service companies, industrial facility operators, and renewable energy developers signal the evolving commercial ecosystem surrounding thermal storage technology.
Technology and engineering publications provide technical perspectives on thermal storage innovation, system design improvements, and performance validation from deployed installations. Coverage examines how crushed rock thermal batteries compare to alternative storage approaches in terms of efficiency, cost-effectiveness, operational lifetime, and environmental impact. Case studies from operating installations offer data on actual performance metrics, cost savings achieved, and lessons learned during implementation and operation.
Policy and regulatory developments affecting thermal energy storage adoption also generate news coverage. Reports discuss how government incentives, carbon pricing mechanisms, and industrial emissions regulations influence project economics and deployment timelines. International coverage reflects the global nature of industrial decarbonization challenges and the geographic distribution of thermal storage opportunities across multiple regions and regulatory environments.
Brenmiller Energy (Nasdaq: BNRG) reports significant growth in its U.S. commercial pipeline, which has increased from $150 million to over $210 million in potential projects. This growth comes through collaboration with Rock Energy Storage (ROCK), their exclusive distribution partner in the Northeast U.S.
The companies are working together to secure grant project financing for bGen™ ZERO thermal energy storage (TES) systems, with funding rounds expected to open in 2025. ROCK is currently advancing dozens of potential bGen™ projects, targeting end-users including utilities, industrials, hospitals, universities, and municipalities.
The announcement comes amid strong growth in U.S. energy storage deployments, which increased 80% between Q3 2023 and Q3 2024. According to McKinsey and the Long Duration Energy Storage Council, TES technology could double Long-Duration Energy Storage capacity potential by 2040.
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.
FAQ
What is the current stock price of Brenmiller Energy (BNRG)?
What is the market cap of Brenmiller Energy (BNRG)?
