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. develops thermal energy storage and integrated clean heat-and-power solutions for industrial and utility customers. Its patented bGen thermal battery stores high-temperature heat in crushed rock and can deliver steam or hot air on demand, supporting electrification of industrial heat and renewable-energy integration.
Recurring company news covers commercial deployment of bGen systems, including the Tempo boiler-replacement project, first TES revenue recognition, the BNRG360 strategy for bundled power and heat services, AI-enabled energy optimization, distributor and technology collaborations, financing activity, shareholder approvals and ordinary-share capital actions.
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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.
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.