Brenmiller Signs MoU with ENASCO to Pioneer Nuclear SMR-Integrated Thermal Energy Storage Solutions: Targeting $50 Million in Projects by 2030
Rhea-AI Summary
Brenmiller Energy (NASDAQ:BNRG) has signed a non-binding MoU with ENASCO Ltd. to develop and commercialize integrated solutions combining Brenmiller's bGen™ Thermal Energy Storage (TES) system with Small Modular Reactor (SMR) technology.
The partnership outlines an ambitious commercial roadmap targeting $50 million in projects by 2030 and aims to develop 15-20 projects valued at up to $650 million by 2035. The initial joint bGen TES project is expected to launch in 2027, with pilot integrations planned for AI data centers.
The collaboration leverages bGen™'s unique capabilities to enhance SMR deployment through improved passive safety, streamlined design, grid flexibility, and scalability. According to the IEA, SMR capacity could reach 120 GW by 2050, requiring over $670 billion in global investment.
Positive
- Strategic entry into the growing nuclear SMR market with potential $670B investment opportunity by 2050
- Pipeline development targeting $650M worth of projects by 2035
- Near-term opportunity in AI data center market, projected to represent 12% of US power demand by 2030
- Technology offers multiple advantages including enhanced safety, reduced CapEx, and improved grid flexibility
Negative
- MoU is non-binding, indicating early-stage uncertainty
- First project not expected until 2027, suggesting long development timeline
- Significant capital investment likely required to develop and scale projects
News Market Reaction – BNRG
In the trading session that priced this news, BNRG gained 0.48%, reflecting a mild positive market reaction. Argus tracked a peak move of +33.0% during that session. Argus tracked a trough of -16.7% from its starting point during tracking. Our momentum scanner triggered 12 alerts that day, indicating notable trading interest and price volatility. Trading volume was exceptionally heavy at 32.5x the daily average, suggesting very strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
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Commercial roadmap includes: first joint bGen TES projected expected to launch in 2027, three projects worth
Pilot integrations planned to power AI data centers
SMR capacity could reach up to 120 GW by 2050, requiring more than
ROSH HA'AYIN, IL / ACCESS Newswire / July 16, 2025 / Brenmiller Energy Ltd. (Nasdaq:BNRG), (the "Company", "Brenmiller" or "Brenmiller Energy") a leading global provider of Thermal Energy Storage ("TES") solutions for industrial and utility customers, announced today it has signed of a non-binding Memorandum of Understanding ("MoU") with ENASCO Ltd. ("ENASCO"), a specialist in nuclear Small Modular Reactor ("SMR") project development. The collaboration marks another step towards Brenmiller's expansion into the nuclear energy sector and aligns with the Company's recent announcement that it is developing a new version of its TES to be tailored for SMR and high-resilience industrial applications.
Under the MoU, Brenmiller and ENASCO will collaborate to study, develop and commercialize integrated solutions combining Brenmiller's proprietary bGen™ TES system with advanced Liquid Metal Reactor ("LMR")-based SMRs. The initiative targets enhanced energy efficiency, operational safety, and system flexibility across electric, thermal, and hydrogen applications.
"In cooperation together with ENASCO, we plan to leverage our complementary capabilities to explore creating a scalable, high-efficiency hybrid platform that answers the energy market's need for clean and dispatchable baseload power," said Doron Brenmiller, Chief Business Officer of Brenmiller Energy. "In the near term, we plan to target the AI data center market which, according to a McKinsey & Co. report, will account for almost
Commercial Roadmap and Market Potential
According to the International Energy Agency (IEA), SMR capacity could reach up to 120 GW by 2050, requiring more than
2026: Form strategic alliances with SMR vendors and pilot integration with AI data centers
2027: Launch first joint hybrid SMR+TES project
2030: Deploy three commercial-scale projects with a combined target value of
$50 million By 2035: Build a pipeline of 15-20 hybrid projects across Europe and the Americas, with a potential value of up to
$650 million
Strategic Rationale: Enabling the Future of Nuclear-Thermal Hybrid Systems
The bGen™ TES system is uniquely positioned to address core challenges in SMR deployment. When coupled with LMRs-known for their high operating temperatures (~500-550°C) and low-pressure designs-bGen™ offers:
Enhanced Passive Safety: Acts as a passive heat sink during emergency shutdowns or grid outages, improving SMR safety
Streamlined Design: Eliminates the need for separate steam generators or redundant heat exchangers, reducing CapEx
Grid Flexibility: Supports load following, time-shifting, and ancillary market participation
Scalability: Supports a wide range of project sizes, from 10 MWh pilots to multi-GWh utility-scale systems
About ENASCO Ltd.
ENASCO Ltd. provides advanced engineering, feasibility analysis, and strategic consulting for SMR deployments across Europe. With an established track record in nuclear energy design, grant writing, consortium management, and policy advisory, ENASCO is a recognized contributor to the evolution of modular nuclear infrastructure.
About bGen™
bGen™ ZERO is Brenmiller's TES system, which converts electricity into heat to power sustainable industrial processes at a price that is competitive with natural gas. The bGen™ ZERO charges by capturing low-cost electricity from renewables or the grid and stores it in crushed rocks. It then discharges steam, hot water, or hot air on demand according to customer requirements. The bGen™ ZERO also supports the development of utility-scale renewables by providing critical flexibility and grid-balancing capabilities. bGen™ ZERO was named among TIME's Best Inventions of 2023 in the Green Energy category and won Gold in the Energy Storage and Management category at the 2025 Edison Awards.
About Brenmiller Energy Ltd.
Brenmiller Energy helps energy-intensive industries and power producers end their reliance on fossil fuel boilers. Brenmiller's patented bGen™ ZERO thermal battery is a modular and scalable energy storage system that turns renewable electricity into zero-emission heat. It charges using low-cost renewable electricity and discharges a continuous supply of heat on demand and according to its customers' needs. The most experienced thermal battery developer on the market, Brenmiller operates the world's only gigafactory for thermal battery production and is trusted by leading multinational energy companies. For more information visit the Company's website at https://bren-energy.com/ and follow the company on X and LinkedIn.
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: the terms of the MoU with ENASCO Ltd. and potential projects and pipeline as a result of the MoU; that the Company together with ENASCO plans to leverage complementary capabilities to explore creating a scalable, high-efficiency hybrid platform that answers the energy market's need for clean and dispatchable baseload power; that the Company plans to target the AI data center market which will account for almost
Contact: investors@bren-energy.com
SOURCE: Brenmiller Energy
View the original press release on ACCESS Newswire