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.
Brenmiller Energy (Nasdaq: BNRG) announced a key milestone in its 30 MWh thermal energy storage (TES) project in Hungary. Brenmiller Europe, a joint venture with Green Enesys and Viridi RE, established a wholly-owned subsidiary, Bren-Dom-TES Kft, securing land adjacent to Partner in Pet Food Hungaria KFT's (PPF) factory. The 10,000+ square meter plot will host the bGen™ ZERO TES system, replacing PPF’s fossil fuel boilers and reducing gas consumption by 25-30%, thereby lowering energy costs and carbon footprint.
The project includes a 12-year Heat as a Service (HaaS) agreement, providing PPF with electric steam at a fixed price. Brenmiller Europe will also earn additional revenue by offering grid balancing services to the local transmission system operator. The initiative supports PPF’s goal to cut emissions by 42% by 2030.
Chairman and CEO Avi Brenmiller emphasized the significance of local operations in Hungary, enabling timely customer commitments and advancing European clean industry initiatives. Approximately 50% of Brenmiller’s $440 million global pipeline is in Europe, spanning nine industries across eleven countries. The company uses flexible business models, including direct technology sales and HaaS, to lower electrification costs and increase recurring revenues.
Brenmiller Energy (Nasdaq: BNRG), a global provider of thermal energy storage solutions, has announced regaining compliance with Nasdaq's minimum bid price requirement. The company received official notice from Nasdaq confirming that it has met the listing rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share.
The compliance was achieved after Brenmiller's ordinary shares maintained a closing bid price at or above $1.00 for 10 consecutive business days. With this achievement, Nasdaq has closed the prior bid price deficiency matter.
Brenmiller Energy (Nasdaq: BNRG) reports significant growth in its U.S. commercial pipeline, which has increased from $150 million to over $210 million in potential projects. This growth comes through collaboration with Rock Energy Storage (ROCK), their exclusive distribution partner in the Northeast U.S.
The companies are working together to secure grant project financing for bGen™ ZERO thermal energy storage (TES) systems, with funding rounds expected to open in 2025. ROCK is currently advancing dozens of potential bGen™ projects, targeting end-users including utilities, industrials, hospitals, universities, and municipalities.
The announcement comes amid strong growth in U.S. energy storage deployments, which increased 80% between Q3 2023 and Q3 2024. According to McKinsey and the Long Duration Energy Storage Council, TES technology could double Long-Duration Energy Storage capacity potential by 2040.
Brenmiller Energy (NASDAQ: BNRG) provides a comprehensive overview of its 2024 achievements and 2025 outlook in the thermal energy storage (TES) market. The company operates a TES gigafactory capable of producing up to 4 GWh of bGen™ systems valued at up to $200 million and is developing 7 projects globally with a $440 million commercial pipeline across 12 industries in 13 countries.
Key developments include forming Brenmiller Europe S.L., a joint venture with Green Enesys and Viridi, and securing significant projects including: a 12-year Heat as a Service agreement with PPF for a 30 MWh bGen™ ZERO system, a partnership with Tempo for a 32 MWh system expected to save $7.5 million over 15 years, and a $3.55 million project with Wolfson Hospital for a 12 MWh system. The company also announced a collaboration with TUTCO Heating Solutions Group to strengthen manufacturing capabilities.
Brenmiller Energy (NASDAQ: BNRG) announces progress on its flagship thermal energy storage project for Tempo Beverages. The company has completed manufacturing of its bGen™ components and selected a local contractor for implementation. The 32 MWh system, scheduled for on-site assembly in mid-January 2025, will replace Tempo's fossil fuel boilers.
The project aims to convert Tempo's heat source from heavy fuel oil to electricity, with projected benefits including annual carbon emission reduction of 6,200 tons and estimated cost savings of $7.5 million over 15 years. Tempo, partially owned by Heineken International B.V., is a major beverage producer and distributor in Israel for brands including Heineken and Pepsi.
Brenmiller Energy (Nasdaq: BNRG) announced that its bGen™ ZERO thermal energy storage solution has been selected for a clean energy project by REBI in Spain. The 1.4 MWh project will be delivered through Brenmiller Europe S.L., a new joint venture between Brenmiller Energy, Viridi, and Green Enesys.
The project, supported by a NextGenerationEU grant through IDAE, will feature bGen™ ZERO configured with 1.4 MWh of charging capacity, 10 MWh of storage, and 33 hours of continuous discharge. The system will store and deliver renewable energy for industrial steam to REBI's customer, contributing to increased energy efficiency and reduced carbon emissions.
Brenmiller Energy (NASDAQ: BNRG) has announced key leadership appointments for its Spain-based joint venture, Brenmiller Europe S.L. Emilio Lopez, a renewable energy executive with over 25 years of experience, has been appointed as Chairman. The joint venture, established in September 2024, also includes Dr. José Luis Morán as Managing Director, who simultaneously serves as Director of Integrated Energy Solutions for Green Enesys and Viridi.
The joint venture aims to accelerate the commercial rollout of bGen™ thermal energy storage technology across Europe, leveraging favorable regulatory conditions, project financing, and clean energy cost-benefits. Lopez brings extensive expertise in renewable energy and energy efficiency sectors, while Morán contributes over 30 years of leadership experience in energy and industrial sectors.
Brenmiller Energy (NASDAQ: BNRG) has reached a major milestone in its thermal energy storage (TES) project for Tempo Beverages, achieving 40% of Tempo's financial commitment. The company will replace Tempo's fossil fuel boilers with a 32 MWh bGen™ ZERO TES system, scheduled for commissioning in 2025.
The project is expected to save Tempo, a major Israeli beverage producer partially owned by Heineken International, approximately $7.5 million in energy costs over 15 years. The system will eliminate about 2,000 tons of heavy fuel usage annually and reduce carbon emissions by 6,200 tons per year. Manufacturing of bGen™ components at Brenmiller's gigafactory will be completed with shipment for on-site assembly starting mid-January 2025.
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) 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.