Brenmiller Energy Ltd Stock Price, News & Analysis

Brenmiller Energy Ltd. (Nasdaq: BNRG) has received a NIS 2.2 million (approx. $610,000) grant from the Israeli Ministry of Environmental Protection. This funding will be used to implement the bGen™ thermal energy storage (TES) system at a beverage plant owned by Tempo Beverages, one of Israel's largest beverage producers. The project aims to replace fossil fuel-based steam boilers with clean steam, enhancing energy efficiency. The bGen system will provide an output of 35 MWh and 14 tons/hour of steam. Brenmiller's President emphasized the significance of this project for a sustainable manufacturing industry in Israel.

Brenmiller Energy Ltd. (TASE: BNRG, Nasdaq: BNRG) announced significant progress in constructing its thermal energy storage (TES) production facility in Dimona, Israel. The facility, set to initiate production by May 2023, will utilize bGen TES modules capable of generating up to 4,000 MWh of clean energy annually. This project is supported by a non-dilutive €7.5 million credit facility from the European Investment Bank. The completion of this facility is positioned to meet the growing market demand for reliable, low-carbon heat, as Brenmiller aims to enhance its commercial orders through current projects and pilot initiatives.

Brenmiller Energy Ltd. (Nasdaq: BNRG) has announced a voluntary delisting of its ordinary shares from the Tel Aviv Stock Exchange (TASE). The last trading day will be June 22, 2023, with delisting effective June 26, 2023. Shareholders can continue trading until then. Despite this change, the company's shares will remain listed on Nasdaq, where they will continue to comply with SEC regulations. Brenmiller specializes in thermal energy storage solutions, utilizing its patented bGen technology to support decarbonization efforts across various industries.

Brenmiller Energy Ltd. (Nasdaq: BNRG) reported $9.2 million in commercial orders for 2022, highlighting growth in the thermal energy storage market driven by the demand for clean energy solutions. The company anticipates a production capacity of up to 4,000 MWh by Q4 2023, supported by a non-dilutive credit facility from the European Investment Bank. Major projects include a 31.5 MWh system for Philip Morris and a utility-scale project with Enel. Despite a rise in research and development expenses to $4.62 million, Brenmiller remains optimistic about increasing commercial orders and expanding its market presence, addressing an estimated $60 billion total addressable market.

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 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.

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.