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.
Brenmiller Energy Ltd. (Nasdaq: BNRG) is a technology company focused on thermal energy storage (TES) solutions for industrial and utility customers. Its news flow centers on the development, deployment, and financing of its patented bGen ZERO thermal battery, which converts electricity into zero-emission heat for energy-intensive industries and power producers.
Visitors to this page can follow company announcements about commercial projects, such as TES installations at Tempo Beverages and Wolfson Medical Center in Israel, as well as reference deployments with partners like Enel in Italy and Purchase College, State University of New York. Brenmiller regularly reports on project milestones, including construction progress, commissioning timelines, and expected operational impacts on fuel switching, cost savings, and emissions reductions.
Brenmiller’s news also highlights its growing European footprint through Brenmiller Europe S.L., its Spain-based joint venture, and participation in European Union funding programs. Updates include selection of bGen systems for large-scale solar and sustainable heat projects supported by the EU Innovation Fund and the European Hydrogen Bank, along with estimates of energy efficiency gains and avoided CO2 emissions.
In addition, the company issues releases on strategic collaborations and capital raises, such as its securities purchase agreement with Alpha Capital Anstalt and a memorandum of understanding with ENASCO Ltd. to integrate bGen with nuclear Small Modular Reactors. Shareholder letters and CEO updates provide context on Brenmiller’s project pipeline, financing arrangements, and strategic priorities in industrial decarbonization. Investors and observers can use this news feed to monitor how Brenmiller’s TES technology is being adopted across regions and applications over time.
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/.
Brenmiller Energy Ltd. (BNRG) announced key financial results and operational updates for Q1 2022, highlighting its commencement of trading on the Nasdaq and a $9 million agreement with Philip Morris for its bGen thermal energy storage system. The company reported $10.4 million in cash as of May 30, 2022, following a $7.5 million second tranche from private investors. Investments in R&D increased to $1.32 million, supporting projects like a utility-scale pilot with Enel in Italy. Brenmiller aims for substantial growth in the TES market, driven by its sustainable energy solutions.
Brenmiller Energy Ltd. (TASE: BNRG, Nasdaq: BNRG) announced a proposed agreement with Wolfson Hospital in Israel on May 25, 2022. The deal involves installing its bGen™ thermal energy storage system, integrating it with the hospital's energy system at Brenmiller's expense. The contract is valued at approximately $5 million over seven and a half years. However, the agreement may require a tender process, introducing uncertainty about project completion.