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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 (NASDAQ: BNRG) announced a non-binding agreement with the Green Enesys Group, a major clean energy producer, to explore collaboration on thermal energy storage (TES) projects. The partnership aims to address the growing demand for net-zero heat, estimated between $1.7 trillion and $3.6 trillion globally. Brenmiller's patented bGen technology will be utilized for decarbonization, with plans for potential production facilities in Europe to support project development. A strategic investment opportunity for Green Enesys in Brenmiller is also proposed, further indicating the growing interest in sustainable energy solutions.

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Brenmiller Energy Ltd. (Nasdaq: BNRG; TASE: BNRG) announced advanced discussions with a leading clean energy company to establish a strategic partnership focused on thermal energy storage (TES) systems. This collaboration aims to expedite electrification via renewable resources, addressing the global need for net-zero heat estimated between USD $1.7 trillion and $3.6 trillion. Brenmiller's patented bGen™ technology is recognized as a key decarbonization solution, facilitating industrial-scale energy storage by converting renewable electricity into clean heat. Additionally, Brenmiller plans to offer its partner a minority stake in the company, potentially enhancing investment and collaboration opportunities in the clean energy sector.

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Brenmiller Energy Ltd. (Nasdaq: BNRG) has received a NIS 2.2 million (approx. $610,000) grant from the Israeli Ministry of Environmental Protection. This funding will be used to implement the bGen™ thermal energy storage (TES) system at a beverage plant owned by Tempo Beverages, one of Israel's largest beverage producers. The project aims to replace fossil fuel-based steam boilers with clean steam, enhancing energy efficiency. The bGen system will provide an output of 35 MWh and 14 tons/hour of steam. Brenmiller's President emphasized the significance of this project for a sustainable manufacturing industry in Israel.

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Brenmiller Energy Ltd. (TASE: BNRG, Nasdaq: BNRG) announced significant progress in constructing its thermal energy storage (TES) production facility in Dimona, Israel. The facility, set to initiate production by May 2023, will utilize bGen TES modules capable of generating up to 4,000 MWh of clean energy annually. This project is supported by a non-dilutive €7.5 million credit facility from the European Investment Bank. The completion of this facility is positioned to meet the growing market demand for reliable, low-carbon heat, as Brenmiller aims to enhance its commercial orders through current projects and pilot initiatives.

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Brenmiller Energy Ltd. (Nasdaq: BNRG) has announced a voluntary delisting of its ordinary shares from the Tel Aviv Stock Exchange (TASE). The last trading day will be June 22, 2023, with delisting effective June 26, 2023. Shareholders can continue trading until then. Despite this change, the company's shares will remain listed on Nasdaq, where they will continue to comply with SEC regulations. Brenmiller specializes in thermal energy storage solutions, utilizing its patented bGen technology to support decarbonization efforts across various industries.

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Brenmiller Energy Ltd. (Nasdaq: BNRG) reported $9.2 million in commercial orders for 2022, highlighting growth in the thermal energy storage market driven by the demand for clean energy solutions. The company anticipates a production capacity of up to 4,000 MWh by Q4 2023, supported by a non-dilutive credit facility from the European Investment Bank. Major projects include a 31.5 MWh system for Philip Morris and a utility-scale project with Enel. Despite a rise in research and development expenses to $4.62 million, Brenmiller remains optimistic about increasing commercial orders and expanding its market presence, addressing an estimated $60 billion total addressable market.

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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
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Rosh Haayin