Brenmiller Energy Ltd Stock Price, News & Analysis

Brenmiller Energy (Nasdaq: BNRG) has signed a non-binding MoU with Proactive Planet to distribute bGen™ TES systems in Alberta, Canada. The partnership targets projects worth $6 million and aims to provide 60 MWh of TES capacity. This initiative is part of Brenmiller's strategy to expand in North America and contribute to Canada's net-zero emissions goal by 2050. Proactive Planet, led by Jason Atkinson, has extensive experience in renewable energy projects in Western Canada. Brenmiller's TES systems are operational or under construction worldwide, including in Brazil and the U.S., with a $500 million project pipeline across 13 countries.

Brenmiller Energy (Nasdaq: BNRG) has begun construction on a 32 MWh bGen™ Thermal Energy Storage (TES) system at Tempo Beverages' plant in Netanya, Israel, replacing fossil fuel boilers to deliver sustainable process heat. The project, expected to be assembled by the end of September 2024 and commissioned in May 2025, aims to mitigate over 6,200 tons of carbon emissions annually and save Tempo an estimated $7.5 million over 15 years. The TES system will use roof-top solar and off-peak grid power. This initiative is part of Brenmiller's $500 million project pipeline, with 15% focused on the food and beverage sector.

Brenmiller Energy (NASDAQ: BNRG), a key player in thermal energy storage (TES) solutions, is making strides toward decarbonization and reducing reliance on fossil fuels. CEO Avi Brenmiller highlights the company's unique bGen™ ZERO thermal battery, which stores heat in crushed rocks and releases it in various forms to meet industrial needs. This technology has led to potential contracts worth over $500 million across 12 industries and 13 countries. The company recently opened a new facility in Dimona, Israel, to support sales up to $200 million, and is exploring further expansion in the U.S. and Europe. Brenmiller aims to finance growth through non-dilutive means to maximize shareholder value, boasting strong insider ownership and a commitment to aligning with stakeholders' interests.

Brenmiller Energy has entered into an exclusive distribution agreement with Rock Energy Storage for its bGen™ thermal energy storage systems in the Northeast U.S. Covering states including Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont, and New York, the 5-year agreement projects cumulative sales milestones exceeding $150 million. This initiative is part of Brenmiller's broader $500 million project pipeline strategy, aiming to accelerate the adoption of its TES solutions. Rock Energy Storage will handle marketing, sales, and service of the bGen™ systems, with RSP Systems acting as the lead subcontractor. The collaboration underscores the strategic importance of the Northeast market for Brenmiller.

Brenmiller Energy, a leader in thermal energy storage (TES), will be featured at Pantokrator’s “Unlocking the Power of Thermal Energy Storage” event on May 23, 2024. The webinar, starting at 11:00 am ET, will also include presentations from Rondo Energy and Antora Energy, among others.

TES is highlighted as a significant investment opportunity in the energy transition space, potentially impacting 20% of global greenhouse gases. Brenmiller’s COO, Nir Brenmiller, will discuss the company’s mature TES technology, which is designed for decarbonizing industrial heat.

The company has a project pipeline valued at $500 million with 49 potential contracts, representing over 6,000 MWh of zero-emission heat. Brenmiller's bGen™ technology, which uses crushed rocks to store energy, is modular and scalable, replacing fossil fuel boilers in industrial and power plants across 13 countries and 12 industries.

Brenmiller Energy, a leading thermal energy storage developer, announced substantial growth in its project pipeline as of May 1, 2024. The company is engaged in 49 potential projects across 12 industries and 13 countries, representing over $500 million in value and more than 6,000 MWh of zero-emission heat. Major countries involved include the U.S., Spain, Hungary, Israel, and India. Brenmiller's bGen™ ZERO TES technology, which converts renewable electricity into process heat, is key to these developments. Approximately two-thirds of the projects involve equipment sales, while the remaining third follow the Energy-as-a-Service model.

CEO Avi Brenmiller highlighted that some projects are in advanced negotiation stages, with expectations of two to four converting into revenue-generating contracts soon. The company's technology aims to replace fossil fuel boilers at industrial and power plants, addressing nearly a quarter of global emissions.

Brenmiller Energy, a leader in thermal energy storage, has been named an Innovation Champion at the EIB AdVenture Debt Summit. This recognition comes from the European Investment Bank (EIB) for its pioneering thermal energy storage technology. EIB's €7.5 million loan in April 2021 significantly expanded Brenmiller's production capacity, aiding the construction of a large-scale TES manufacturing facility in Dimona, Israel, inaugurated in May 2023. The facility can produce up to 4GWh of bGen™ TES systems annually, providing zero-emission heat for energy-intensive industries and power producers.