Brenmiller Energy Ltd - BNRG STOCK NEWS

Brenmiller Energy Ltd. (BNRG) selected as a finalist for the Global Innovation Award in Thermal Energy Storage, showcasing their leadership in the industry.

Brenmiller Energy Ltd. (BNRG) has completed the installation of its bGen™ thermal energy storage system at a SUNY campus in the United States. The system charges using exhaust gas and electricity and is expected to eliminate approximately 550 metric tons of greenhouse gas emissions annually. The project was developed in partnership with the New York Power Authority and financed in part by a grant from the Israel-U.S. Binational Industrial Research and Development Foundation.

Brenmiller Energy Ltd. (Nasdaq: BNRG) has signed a $3.55 million project to supply electric process heat to Wolfson Hospital in Israel. The project is expected to save the hospital up to US$1.3 million annually and reduce its local carbon footprint by 3,900 tons per year. The company's bGen™ ZERO technology will replace the hospital's old diesel boilers, providing a cleaner source of electricity at a lower price. The project is supported by a grant from the Israel Innovation Authority and is expected to drive a reduction in fuel oil consumption to nearly zero.

Brenmiller Energy Ltd. (Nasdaq: BNRG) announced the closing of its offering of 888,890 units, generating approximately $4.0 million in gross proceeds. The net proceeds will be used for general and administrative corporate purposes, including working capital and capital expenditures. A.G.P./Alliance Global Partners acted as the sole placement agent for the offering. The securities were offered pursuant to a registration statement on Form F-1 (File No. 333-275115) previously filed with the SEC.

Brenmiller Energy Ltd. announced a securities purchase agreement for the issuance and sale of 888,890 units, with each unit consisting of one ordinary share and one warrant to purchase one ordinary share, at a price per unit of $4.50, for aggregate gross proceeds of approximately $4.0 million. The offering is expected to close soon.

Brenmiller Energy Ltd. has received a $450,000 grant from the Israel Innovation Authority to be applied to its thermal energy storage project at Wolfson Hospital in Holon, Israel. The project aims to reduce costs for the hospital by up to $1.3 million annually and lower its carbon footprint by 3,900 tons per year. The company's bGen™ ZERO system is designed to convert electricity into heat to power industrial processes at a competitive price with natural gas, and it has received recognition as one of TIME’s Best Inventions of 2023 in the Green Energy category.

Brenmiller Energy Ltd. (BNRG) signs non-binding MOU with RSP Systems for exclusive distribution of bGen™ in U.S. Northeast. RSP Systems praises bGen™ as the best thermal energy storage system on the market. Brenmiller's gigawatt bGen™ manufacturing facility in Israel ready for large-scale production.

Brenmiller Energy Ltd. (Nasdaq: BNRG) is a leading global provider of thermal energy storage systems for industrial and utility markets. The company welcomes the release of initial guidance for U.S. tax credits incentivizing clean energy storage technologies, including TES. The proposed credit rules could pave the way for domestic U.S. planning, production, and supply chain development for crucial energy infrastructure like TES, potentially qualifying Brenmiller's maximum-capacity system for a significant credit. The company's bGen manufacturing system is strategically designed for global replication and local market adaptability, aligning with the proposed Section 45X Credit Rules. The explicit inclusion of TES in the credit program is a significant development and signifies broader recognition of TES as a vital decarbonization technology. The potential market for thermal energy storage is predicted to reach over $2 trillion by 2040, and the initial guidelines clarify that TES systems manufactured in the U.S. will receive a $45 per kilowatt-hour credit, scheduled to phase out gradually from 2030 to 2033.

Brenmiller Energy Ltd. (BNRG) has received a written notice from Nasdaq that it has regained compliance with the minimum bid price requirement for continued listing. The company provides Thermal Energy Storage systems to global industrial and utility markets.