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Brenmiller Energy Ltd - $BNRG STOCK NEWS

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Rhea-AI Summary
Brenmiller Energy's bGen TES system shortlisted for Energy Storage Awards in two categories.
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Rhea-AI Summary
Brenmiller Energy expects a production plant with a capacity of up to 4 GWh to be operational by year-end 2023, supporting up to $200 million in orders per year by 2024. The company has launched bGen ZERO, its new flagship product, which offers considerable improvements and aims to replace fossil fuel boilers for power. Brenmiller has signed a term sheet to form a joint venture with Green Enesys Group and Viridi, and is in advanced discussions for 9 joint projects totaling 2 GWh of TES capacity. The company has entered the renewable energy market in India and inaugurated the largest TES system production plant in the world in Dimona, Israel. The company expects quick market traction for its focus on delivering electric process steam to industrial customers.
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-4.94%
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Brenmiller receives final approval to supply Wolfson Hospital with electric process heat, potentially reducing energy costs by up to $1.3 million annually and lowering carbon footprint by 3,900 tons per year.
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-9.01%
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Brenmiller Energy announces joint venture with Green Enesys and Viridi in Spain, Germany, and France
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8.07%
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1.28%
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Rhea-AI Summary
Brenmiller Energy Ltd. (BNRG) announced the launch of its next-generation TES system, the bGen™ ZERO, in line with its new strategic focus on delivering low-cost, zero-emission solutions to electrify heat. The company will unveil its new product and strategic direction during live webinar presentations on August 9 and 10, 2023. The bGen™ ZERO system aims to deliver high-efficiency, ultra-low carbon heat without combustion, relying exclusively on electricity from renewables or the grid. The company's president and CEO, Avi Brenmiller, emphasized the system's potential to meet surging industrial demand and lead the transition to net-zero heat, providing a scalable path to electrify heat, slash emissions, and pioneer circular economics.
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-0.12%
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Brenmiller Energy Ltd. (BNRG) signs MoU with Waaree Energies Ltd. to implement bGen™ TES in India, marking the company's entrance into the Indian market. The bGen TES system will help India transition to a 50% renewable energy supply by 2030. The system stores energy in the form of heat and enables 24/7 renewable management for industrial processes and power production, providing critical reliability and protection from renewable intermittency and energy market price fluctuations.
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Brenmiller Energy Ltd

Nasdaq:BNRG

BNRG Rankings

BNRG Stock Data

3.43M
749.15k
59.29%
15.23%
0.14%
Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing
Manufacturing
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United States of America
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