Brenmiller Energy Ltd Stock Price, News & Analysis

Brenmiller Energy (Nasdaq: BNRG) has achieved ISO/IEC 27001:2022 certification, the leading global standard for Information Security Management Systems. This certification validates that Brenmiller has implemented internal procedures and systems that effectively manage data security risks and meet the energy industry's quality standards.

The certification covers multiple aspects of Brenmiller's operations, including research and product development, engineering, sales, manufacturing, project management, commissioning, and operation and maintenance of its bGen™ thermal energy storage systems. This voluntary certification demonstrates the company's commitment to maintaining high data security standards in the thermal energy storage industry.

Brenmiller Energy (NASDAQ: BNRG) COO Nir Brenmiller will present at the Emerging Growth Conference on December 4, 2024. The presentation will focus on recent agreements with TUTCO Heating Solutions Group and Entelios AG, positioning the company to monetize a project pipeline worth $440 million.

The company's bGen™ ZERO TES systems use crushed rocks to transform electricity into storable, carbon-free heat for industrial applications. TUTCO will design and supply essential components for these systems. The German TES market, accessible through the Entelios partnership, is expected to reach $2.9 billion by 2028.

Brenmiller's technology offers 24/7 reliability, cost-effectiveness, and scalability, serving industries like food and beverage, pharmaceuticals, and chemical manufacturing. The company's Dimona gigafactory is the world's first dedicated to TES production.

Brenmiller Energy (Nasdaq: BNRG) has closed a private placement with an existing institutional investor, raising $1.05 million through the sale of 1,000,000 ordinary shares at $1.05 per share. The price represents a 52% premium to the August 2, 2024 closing price and a 33% premium to the December 3, 2024 closing price of $0.79.

The investor has the right to purchase an additional 1,000,000 ordinary shares if the company's stock closes at or above $2.50 per share within the next 12 months. The proceeds will be used for general corporate purposes and working capital. The company agrees to file a registration statement with the SEC within 30 days of closing to register the resale of the shares.

Brenmiller Energy (BNRG) has entered a manufacturing agreement with TUTCO Heating Solutions Group for the production of resistive heaters, important components for Brenmiller's bGen™ ZERO thermal storage systems. TUTCO will design and manufacture heaters that convert renewable electricity into heat, stored in crushed rocks within bGen™ ZERO's bCubes™. The agreement supports the delivery of the first three units to Tempo Beverages, Wolfson Hospital, and Partner in Pet Food Hungaria. Additional installations are expected from Brenmiller's $440 million global pipeline of commercial opportunities.

Brenmiller Energy (NASDAQ: BNRG) is advancing in the thermal energy storage (TES) sector with its bGen™ ZERO technology, designed for industrial decarbonization. The company has announced a planned partnership with Germany's Entelios AG, accessing 1 GW of energy management flexibility. Operating from the world's first thermal battery gigafactory in Dimona, Israel, Brenmiller projects $440 million in revenue over contract durations. The company's technology has received notable recognition, including being named a TIME magazine Best Invention in Green Energy category for 2023. Brenmiller serves markets across the U.S., EU, Latin America, Canada, and Israel, positioning itself in Germany's TES market, forecasted to reach $2.9 billion by 2028.

Brenmiller Energy (NASDAQ: BNRG) has released its 2023-2024 ESG Report, highlighting its progress in providing zero-emission industrial heat solutions. The company's flagship product, bGen™ ZERO, enables industrial customers to generate clean steam, hot water, and hot air using electricity and residual heat for various applications.

The company is currently commissioning seven global projects with 103 MWh of thermal energy storage capacity. Their automated gigafactory manufacturing line is expected to reduce operational energy consumption to one-third of previous levels at full capacity. Brenmiller's operations align with seven UN Sustainable Development Goals, and the report outlines ESG targets through 2026.

Brenmiller Energy (NASDAQ: BNRG) has signed a non-binding LOI with Entelios AG to deploy sustainable energy practices in Germany's industrial sector. The collaboration aims to optimize revenue streams for bGen™ users through Entelios' expertise in flexibility market services and Cross-Market Optimisation platform. Germany's thermal energy storage market is projected to reach $2.9 billion by 2028. The partnership focuses on managing bGen™ systems operations and optimizing energy costs across multiple flexibility markets, facilitating the transition from natural gas to electricity for industrial users. Entelios currently manages over 1 GW of net flexibility from various energy sources.

Brenmiller Energy (NASDAQ: BNRG), a global provider of thermal energy storage (TES) solutions, has announced an on-demand interview with COO and Co-Founder Nir Brenmiller. The interview, conducted by Primetime Profiles' Nicole Brodie, is scheduled for October 23, 2024, and will be available immediately after registration.

The discussion will focus on:

• The company's completed groundwork
• The value of signed agreements
• The development of an estimated $440 million project pipeline

Mr. Brenmiller will also address investor questions about the company's current valuation and strategies to increase shareholder value in Q4/2024 and throughout 2025. Interested parties can register and access the interview on-demand through the provided link.

Brenmiller Energy (Nasdaq: BNRG) has announced the formation of a new joint venture, Brenmiller Europe S.L., in partnership with renewable energy developers Green Enesys and Viridi RE. This Spanish aims to rapidly expand the adoption of Brenmiller's bGen™ technology across Europe, focusing on product sales, energy services, and project-level financing in high-growth markets.

The joint venture will leverage Green Enesys and Viridi's expertise in developing large-scale clean energy projects, with Brenmiller retaining majority ownership and manufacturing bGen™ modules at its gigafactory in Dimona. Brenmiller Europe has exclusive distribution rights for bGen™ systems in major European countries, subject to certain revenue and performance requirements.

This strategic move is expected to accelerate Brenmiller's ability to deliver and expand its global sales and service infrastructure, capitalizing on Europe's supportive regulatory environment and clean energy cost-benefit landscape. The joint venture will focus on a substantial portion of Brenmiller's $440 million global project pipeline opportunities originating in Europe, spanning nine industries across eleven countries.