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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. (TASE: BNRG, Nasdaq: BNRG) will host a webinar on December 6, 2022, at 9:00 a.m. EST / 4:00 p.m. IST. Nir Brenmiller and Ofir Zimmerman will provide updates on the company's operations and engage in a Q&A session. Interested participants can register through the provided Zoom link. Brenmiller focuses on thermal energy storage systems, utilizing its patented bGen technology to help industries transition to renewable energy and reduce carbon emissions. Further details are available on their website.

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Brenmiller Energy Ltd. (TASE: BNRG, Nasdaq: BNRG) announced a securities purchase agreement with investors, raising approximately NIS 10.6 million ($3.1 million). The private placement will offer 1,996,359 ordinary shares and associated warrants at NIS 5.33 ($1.55) per share, reflecting a 4% premium. This deal is pending shareholder approval expected in January 2023. The company will file a registration statement with the SEC to allow resale of warrant shares, ensuring investors have piggyback registration rights.

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Brenmiller Energy Ltd. (TASE: BNRG, Nasdaq: BNRG) reported operational and financial results for the nine and three months ending September 30, 2022. Key highlights include the inauguration of its utility-scale project with Enel in Italy, commercial orders amounting to USD $9 million, and the first drawdown of €4 million from the European Investment Bank to bolster investment in its Dimona production facility. Anticipated full production capacity is set for 2023, driven by increasing demand for its thermal energy storage solutions amid rising energy prices.

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Brenmiller Energy and Enel inaugurated the world’s first Thermal Energy Storage (TES) system at the Santa Barbara power plant in Tuscany, Italy. This innovative technology allows energy to be stored as heat, enhancing the power plant's flexibility and supporting industrial decarbonization. The TES can store up to 24MWh of clean heat at temperatures of about 550°C for five hours. The project aims to test performance under real conditions while integrating renewable energy more efficiently. The endeavor is part of a collaboration protocol between Italian and Israeli companies.

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Brenmiller Energy, listed on Nasdaq under symbol BNRG, will participate in the Opening Bell Ceremony on September 23, 2022, celebrating its recent listing. CEO Avi Brenmiller emphasized progress in decarbonizing emissions-intensive sectors, mentioning new project wins and a €4 million capital drawdown from the European Investment Bank to enhance manufacturing capacity. The event aligns with Climate Week in New York City, showcasing the company's commitment to renewable energy storage solutions.

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Brenmiller Energy Ltd. (TASE: BNRG, Nasdaq: BNRG) has signed a Memorandum of Understanding (MoU) with Green Enesys and Viridi RE to explore the integration of its bGen Thermal Energy Storage (TES) systems into green hydrogen production facilities planned across Spain. The projects aim to decarbonize the EU’s industrial and transport sectors, collectively producing over 100,000 tonnes of green methanol annually. Successful studies could lead to Brenmiller supplying TES for sustainable energy production, utilizing wind and solar sources.

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Brenmiller Energy has announced a $1.4 million equipment order for its production facility in Dimona, Israel, advancing its goal to become a leading supplier of Thermal Energy Storage (TES) systems. This milestone keeps the company on track for its first production run in late 2022 and aims for full capacity of 4,000 MWh per year by the end of 2023. The new facility is expected to enhance Brenmiller's ability to deliver cost-efficient and clean energy technology, especially in the energy-intensive European market.

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Brenmiller Energy Ltd. (BNRG) reported a significant revenue increase to $1.5 million for H1 2022, boosted by a licensing fee from its Brazil project. The company secured a €4 million drawdown from the European Investment Bank for its Dimona production facility in Israel, expected to enhance manufacturing capacity for thermal energy storage systems. Notable achievements include a $9 million system deal with Philip Morris in Romania and a potential $5 million contract with Wolfson Hospital in Israel under an Energy as a Service model.

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Brenmiller Energy has launched its bGen Thermal Energy Storage system at Fortlev's facility in Brazil, marking the first renewable energy-powered system for generating hot air in manufacturing. This 1 MWh unit enables Fortlev to replace natural gas with biomass, reducing fuel costs by over 75% and cutting greenhouse gas emissions by approximately 800 tons annually. Discussions are in progress to install 60 more units, potentially preventing 48,000 metric tons of GHG emissions per year, equivalent to 10,500 gasoline-powered vehicles. Fortlev plans to open a factory for bGen production in Brazil.

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Brenmiller Energy Ltd. (TASE: BNRG, Nasdaq: BNRG), a leader in clean energy, will host a live webcast on June 2, 2022, at 2:00 PM Israel Daylight Time to discuss its 2022 first quarter results and operational updates. The event, which includes a Q&A session, will be accessible via Zoom. Dial-in numbers for participants from the US and Israel are provided, along with international options. A replay will be available on the company's website from 5:00 PM Israel Daylight Time. More details can be found at bren-energy.com/presentation/.

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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