Brenmiller Energy Ltd Stock Price, News & Analysis

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.

Brenmiller Energy (NASDAQ: BNRG) has released its 2023-2024 ESG Report, highlighting its progress in providing zero-emission industrial heat solutions. The company's flagship product, bGen™ ZERO, enables industrial customers to generate clean steam, hot water, and hot air using electricity and residual heat for various applications.

The company is currently commissioning seven global projects with 103 MWh of thermal energy storage capacity. Their automated gigafactory manufacturing line is expected to reduce operational energy consumption to one-third of previous levels at full capacity. Brenmiller's operations align with seven UN Sustainable Development Goals, and the report outlines ESG targets through 2026.

Brenmiller Energy (NASDAQ: BNRG) has signed a non-binding LOI with Entelios AG to deploy sustainable energy practices in Germany's industrial sector. The collaboration aims to optimize revenue streams for bGen™ users through Entelios' expertise in flexibility market services and Cross-Market Optimisation platform. Germany's thermal energy storage market is projected to reach $2.9 billion by 2028. The partnership focuses on managing bGen™ systems operations and optimizing energy costs across multiple flexibility markets, facilitating the transition from natural gas to electricity for industrial users. Entelios currently manages over 1 GW of net flexibility from various energy sources.

Brenmiller Energy (NASDAQ: BNRG), a global provider of thermal energy storage (TES) solutions, has announced an on-demand interview with COO and Co-Founder Nir Brenmiller. The interview, conducted by Primetime Profiles' Nicole Brodie, is scheduled for October 23, 2024, and will be available immediately after registration.

The discussion will focus on:

• The company's completed groundwork
• The value of signed agreements
• The development of an estimated $440 million project pipeline

Mr. Brenmiller will also address investor questions about the company's current valuation and strategies to increase shareholder value in Q4/2024 and throughout 2025. Interested parties can register and access the interview on-demand through the provided link.

Brenmiller Energy (Nasdaq: BNRG) has announced the formation of a new joint venture, Brenmiller Europe S.L., in partnership with renewable energy developers Green Enesys and Viridi RE. This Spanish aims to rapidly expand the adoption of Brenmiller's bGen™ technology across Europe, focusing on product sales, energy services, and project-level financing in high-growth markets.

The joint venture will leverage Green Enesys and Viridi's expertise in developing large-scale clean energy projects, with Brenmiller retaining majority ownership and manufacturing bGen™ modules at its gigafactory in Dimona. Brenmiller Europe has exclusive distribution rights for bGen™ systems in major European countries, subject to certain revenue and performance requirements.

This strategic move is expected to accelerate Brenmiller's ability to deliver and expand its global sales and service infrastructure, capitalizing on Europe's supportive regulatory environment and clean energy cost-benefit landscape. The joint venture will focus on a substantial portion of Brenmiller's $440 million global project pipeline opportunities originating in Europe, spanning nine industries across eleven countries.

Brenmiller Energy (Nasdaq: BNRG), a leading provider of thermal energy storage solutions, announced its participation in the Emerging Growth Conference on September 25, 2024. The company's COO and Co-Founder, Nir Brenmiller, will present at 9:40 AM EDT for 30 minutes, followed by a Q&A session.

The presentation will focus on Brenmiller's latest project developments, including the commercial rollout of its bGen™ ZERO thermal energy storage solution. This innovative technology converts electricity into low-carbon process heat for industrial applications.

Interested parties can register for the event online. An archived webcast will be available on EmergingGrowth.com and the Emerging Growth YouTube Channel for those unable to attend live.

Brenmiller Energy (Nasdaq: BNRG) has raised $2 million through an At-The-Market (ATM) equity offering at $2.19 per share, further strengthening its balance sheet. The company plans to avoid using the ATM facility below $3.00 per share in the future. Brenmiller aims to fund its Heat-as-a-Service (HaaS) projects primarily through third-party project finance rather than equity funding, potentially accelerating its capacity to execute on a project pipeline worth up to $500 million.

Since the start of 2024, Brenmiller has raised approximately $10.8 million in gross proceeds. The company has also signed a definitive agreement for an additional $1.05 million private placement equity investment at a 52% premium to market. Brenmiller Energy focuses on delivering low-carbon heat through direct technology sales and its HaaS model, which allows for capturing recurring revenues through energy market program participation.

Brenmiller Energy (NASDAQ: BNRG), a provider of thermal energy storage solutions, reported its H1 2024 financial results and operational updates. Key highlights include:

1. A $1.05 million private placement agreement at a 52% premium to market price.

2. A project pipeline potentially worth up to $500 million.

3. Development of a Cold Thermal Energy Storage solution for AI data centers.

4. Multiple HaaS (Heat as a Service) projects, including a 30 MWh bGen™ ZERO system for a major European pet food manufacturer.

5. A $3.55 million agreement with Wolfson Hospital, supported by a $450,000 grant.

6. A $150 million sales milestone agreement for U.S. distribution.

7. Cash and cash equivalents of $6.99 million as of June 30, 2024.

8. Narrowed net loss by 70% to $1.58 million for H1 2024.

Brenmiller Energy (NASDAQ: BNRG) has entered a 12-year Heat as a Service (HaaS) agreement with Partner in Pet Food Hungaria KFT (PPF), a leading European pet food producer. Brenmiller will design, build, own, and operate a 30 MWh bGen™ ZERO system near PPF's plant in Dombovar, Hungary. This system will provide low-cost, low-carbon steam to PPF and offer grid balancing services to the local transmission system operator, MAVIR.

The project, expected to cost around $5 million, will significantly reduce PPF's energy costs and carbon footprint. PPF will purchase steam at a fixed rate. Brenmiller can leverage the bGen™ system to participate in MAVIR's grid balancing market, increasing project revenues. This arrangement will help PPF achieve its emissions reduction target of 42% by 2030.