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.
Overview of Brenmiller Energy Ltd
Brenmiller Energy Ltd is a technology company at the cutting edge of thermal energy storage solutions, specializing in the development, production, marketing, and sale of its proprietary bGen™ system. By converting excess renewable energy into storable heat, the company provides a robust platform that supports industrial electrification and decarbonization. This innovative approach not only offers an alternative to conventional fossil-fuel-based heating systems but also facilitates more efficient integration of renewable energy resources into industrial applications.
Technology and Operational Excellence
The cornerstone of Brenmiller Energy’s portfolio is its bGen™ thermal energy storage system, which transforms surplus electricity—whether generated from solar, wind, or off-peak grid power—into thermal energy that can be later discharged as steam, hot air, or direct heat. This process is achieved by storing energy in crushed rock, ensuring long-term reliability and stability. Unlike conventional storage methods, the bGen™ system is engineered to avoid degradation over time, completely sidestepping the issues related to rare-earth mineral dependency and volatility in fuel supply chains.
Industrial Integration and Market Application
Brenmiller Energy’s technology addresses critical demands within various industrial sectors including manufacturing, steel production, cement, chemicals, and textiles. In these applications, consistent and high-temperature energy is required, and conventional renewable energy sources like solar and wind often fall short due to their intermittent nature. The company’s solution offers a direct method to bridge this gap, effectively decarbonizing industrial heat processes while also stabilizing energy costs. The ability to store thermal energy during periods of low demand and retrieve it during peak usage makes the bGen™ system a key asset for industries striving to reduce greenhouse gas emissions without compromising operational continuity.
Competitive Position and Industry Impact
Within the fast-evolving landscape of renewable energy and energy storage, Brenmiller Energy distinguishes itself by addressing several fundamental industry challenges. Unlike lithium-ion batteries that can be cost-prohibitive and suffer from degradation, or hydrogen systems that require extensive infrastructure investments, the company’s approach delivers an immediately deployable, cost-effective, and long-lasting solution. By eliminating dependency on imported fuels and reducing the volatility associated with traditional energy supplies, Brenmiller Energy reinforces its value proposition for industrial stakeholders and contributes significantly to decarbonization efforts.
Operational Advantages and Industry Relevance
- High Durability: The bGen™ system offers superior longevity, designed to operate efficiently for decades without notable performance decay.
- Cost Efficiency: By leveraging off-peak renewable energy and converting it into storable heat, the system effectively reduces operational expenses linked to traditional energy sources.
- True Decarbonization: The technology supports a tangible reduction in carbon emissions in sectors that traditionally depend on fossil fuels for industrial heat.
- Scalability: The system’s modular design allows for integration across a range of industrial applications, making it a versatile asset in the current energy transition landscape.
Conclusion
Brenmiller Energy Ltd occupies a strategic niche in the industrial energy sector by providing a practical and immediately applicable solution for thermal energy storage. Its commitment to innovation and operational excellence is evident in the robust performance and scalability of its bGen™ system, which aligns perfectly with the global momentum towards decarbonization and increased renewable energy integration. This technology not only promises to stabilize energy supplies and costs for industrial operations, but also plays a pivotal role in reducing reliance on fossil fuels, thereby underscoring its relevance and authority in the clean energy transition.
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.
Brenmiller Energy Ltd. (TASE: BNRG, Nasdaq: BNRG) announced a securities purchase agreement with investors, raising approximately
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.
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.
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.
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.
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.
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.
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.
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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