Brenmiller Energy Marks Construction Milestone for Wolfson Medical Center Clean Heat Project

Brenmiller Energy (NASDAQ:BNRG) broke ground on a thermal energy storage (TES) project at Wolfson Medical Center in Holon, Israel.

Rhea-AI Summary

Brenmiller Energy (NASDAQ:BNRG) broke ground on a thermal energy storage (TES) project at Wolfson Medical Center in Holon, Israel. Total investment is approximately $4 million. The TES will replace fossil fuel steam boilers, cut ~3,900 tons CO2 annually and save about $1.5 million per year.

Construction is expected to finish in 2026 with commercial operations anticipated in early 2027; the project is endorsed by the Ministries of Health and Energy.

Positive

• $4 million total project investment
• Estimated emissions reduction of 3,900 tons/year
• Projected annual energy cost savings of $1.5 million
• Construction completion targeted in 2026; commercial ops early 2027
• Endorsements from the Ministry of Health and Ministry of Energy

Negative

• None.

Argus Feb 17 session

-6.58% close to close Open Argus

Details

News Market Reaction – BNRG

In the Feb 17 session, BNRG declined 6.58%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved -6.6% in the session following this news. A negative reaction despite the Wolfson Me...

Analysis

The stock moved -6.6% in the session following this news. A negative reaction despite the Wolfson Medical Center project could fit Brenmiller’s recent pattern, where positive operational updates on TES deployments preceded price declines of ‑16.67% and ‑25.15%. The market may focus on capital needs and existing resale registrations even as the $4 million project targets 3,900 tons of annual emissions reduction and about $1.5 million in yearly energy savings.

Key Figures

Project investment: $4 million Emissions reduction: 3,900 tons per year Vehicle emissions equivalent: 1,000 passenger vehicles +3 more

Project investment

$4 million

Total investment in Wolfson Medical Center TES project

Emissions reduction

3,900 tons per year

Annual carbon emissions reduction expected from TES system

Vehicle emissions equivalent

1,000 passenger vehicles

Annual emissions equivalent referenced for TES project impact

Energy cost savings

$1.5 million per year

Expected annual energy cost savings for Wolfson Medical Center

Construction completion

2026

TES system construction anticipated completion year

Commercial operations

2027

Commercial operations for TES project anticipated in early 2027

Historical Context

5 past events · Latest: Feb 11

5 events

1. Feb 11

   Product launch

   24h Move

   -25.1%

   Introduced modular bGen ONE TES system to lower installed costs.

2. Feb 04

   Project update

   24h Move

   -16.7%

   Completed electrical works at Tempo Beverages TES project.

3. Jan 22

   Strategic launch

   24h Move

   +6.3%

   Launched BNRG360 integrated clean heat and power platform.

4. Jan 21

   Reverse split

   24h Move

   -3.2%

   Announced 7-for-1 reverse share split of ordinary shares.

5. Jan 09

   Award recognition

   24h Move

   -2.4%

   CEO received Merage DeserTech Industry Leader Award.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

thermal energy storage

1 terms

thermal energy storage technical

"a global provider of thermal energy storage ("TES") solutions for industrial"

Thermal energy storage is a technology that captures heat or cold so it can be used later, like a rechargeable battery that holds temperature instead of electricity. It matters to investors because it can lower energy costs, improve reliability for buildings and power plants, enable more use of renewable power, and create new revenue streams or cost savings for projects and companies involved in energy infrastructure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HOLON, ISRAEL / ACCESS Newswire / February 17, 2026 / Brenmiller Energy (NASDAQ:BNRG) ("Brenmiller", "Brenmiller Energy" or the "Company"), a global provider of thermal energy storage ("TES") solutions for industrial and institutional decarbonization, today announced the groundbreaking of its TES project during a ceremony held at the Wolfson Medical Center ("Wolfson") campus in Holon, Israel.

The project, developed by Brenmiller Energy in collaboration with Baran Energy, a subsidiary of the Baran Group Ltd. ("Baran"), represents a major step toward reducing emissions from hospital operations while lowering long term energy costs. Total investment in the project is approximately $4 million.

The TES system will replace existing fossil fuel powered steam boilers with an electricity-based TES system, supplying the hospital with clean steam for its ongoing medical and operational needs. The initiative is anticipated to reduce carbon emissions by approximately 3,900 tons per year, equivalent to the annual emissions of roughly 1,000 passenger vehicles, while generating annual energy cost savings of approximately $1.5 million.

Construction of the TES system is anticipated to be completed during 2026, with commercial operations anticipated in early 2027. The project was endorsed by the Ministry of Health and the Ministry of Energy.

"The project is anticipated to significantly reduce, and over time potentially eliminate, fuel consumption at Wolfson hospital, lowering emissions while delivering meaningful energy savings," said Gadi Davidovich, Chief Engineer of Wolfson Medical Center.

"We are providing Wolfson with a clean and reliable thermal energy source at a lower cost than existing systems, demonstrating that TES can operate at meaningful scale and deliver measurable value," said Avi Brenmiller, Chairman and Chief Executive Officer of Brenmiller Energy.

The ceremony was attended by hospital leadership, representatives of the Ministry of Health, Ministry of Energy, Ministry of Finance, the Israel Innovation Authority, Brenmiller Energy, Baran Energy, and additional invited guests.

About the Wolfson Medical Center Thermal Energy Storage Project

The project consists of a 12 MWh bGen^™ TES system integrated into Wolfson's existing steam infrastructure, charging from the electric grid during off peak hours and delivers process heat and steam on demand, 24/7. The system is expected to generate approximately $1.5 million in annual energy cost savings and reduce carbon emissions by around 3,900 tons of CO₂ equivalent per year, reflecting a reduction of over 90% in local GHG emissions.

The project is delivered under an Energy-as-a-Service (ESCO) model.

About Brenmiller Energy

Brenmiller Energy (NASDAQ:BNRG) provides TES solutions that enable industrial and utility customers to decarbonize heat, improve energy flexibility, and integrate renewable electricity. The Company's bGen^™ systems convert electricity into dispatchable industrial heat, supporting electrification and emissions reduction across a range of applications.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, the Company is using forward-looking statements when discussing: that construction of the TES system is expected to be completed in 2026; that commercial operations are anticipated in early 2027; that the project is expected to reduce emissions; that the project is expected to generate $1.5M in annual savings; that the system will replace fossil fuel boilers; that the system will reduce GHG emissions by over 90%; and that TES can operate at commercial scale. Without limiting the generality of the foregoing, words such as "plan," "project," "potential," "seek," "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" are intended to identify forward-looking statements. Readers are cautioned that certain important factors may affect the Company's actual results and could cause such results to differ materially from any forward-looking statements that may be made in this press release. Factors that may affect the Company's results include, but are not limited to: the Company's planned level of revenues and capital expenditures; risks associated with the adequacy of existing cash resources; the demand for and market acceptance of our products; impact of competitive products and prices; product development, commercialization or technological difficulties; the success or failure of negotiations; trade, legal, social and economic risks; and political, economic and military instability in the Middle East, specifically in Israel. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's Annual Report on Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission ("SEC") on March 4, 2025, which is available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact: investors@bren-energy.com

SOURCE: Brenmiller Energy

View the original press release on ACCESS Newswire

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Brenmiller Energy (BNRG) announce about the Wolfson Medical Center project on February 17, 2026?

Brenmiller announced groundbreaking of a TES project at Wolfson Medical Center with a roughly $4 million investment. According to the company, the system will replace fossil-fuel steam boilers, aiming to cut emissions and lower energy costs for hospital operations beginning commercial service in early 2027.

How much CO2 reduction does Brenmiller expect from the Wolfson (BNRG) TES project?

The project is expected to reduce about 3,900 tons of CO2 per year. According to the company, that reduction is roughly equivalent to emissions from 1,000 passenger vehicles and supports the hospital's decarbonization goals while cutting fuel use.

What are the projected cost savings from Brenmiller's Wolfson TES project (BNRG)?

Brenmiller projects approximately $1.5 million in annual energy cost savings from the Wolfson TES installation. According to the company, savings come from replacing fossil fuel steam boilers with an electricity-based TES supplying clean steam to hospital operations.

When will construction and commercial operations occur for Brenmiller's Wolfson project (BNRG)?

Construction is expected to be completed during 2026, with commercial operations anticipated in early 2027. According to the company, that timeline reflects project milestones and coordination with hospital operations and government stakeholders.

Who are the partners and endorsers for the Wolfson TES project announced by Brenmiller Energy (BNRG)?

The project is developed with Baran Energy, a Baran Group subsidiary, and attended by government bodies. According to the company, the initiative was endorsed by the Ministry of Health and the Ministry of Energy, plus support from the Ministry of Finance and Israel Innovation Authority.