US Market News
13時間前
Brenmiller Energy Purchases Photovoltaic Facility Adjacent to Planned Hungarian Industrial Energy ProjectJuly 2, 2026 8:30 AM
NewsfilePurchase Accelerates Brenmiller's Energy-as-a-Service Strategy and Supports the Company's Expansion into Owning and Operating Clean-Energy AssetsTel Aviv, Israel--(Newsfile Corp. - July 2, 2026) - Brenmiller Energy (NASDAQ: BNRG) ("Brenmiller", "Brenmiller Energy" or the "Company"), a leading global provider of thermal energy storage ("TES") solutions for industrial and utility customers, today announced the purchase of a 1.2 MWp (installed) photovoltaic ("PV") facility (the "Facility") strategically located adjacent to the Company's planned Partner in Pet Food Hungaria KFT ("PPF") industrial energy project in Hungary. The purchase advances Brenmiller's strategy of building integrated renewable energy infrastructure designed to generate recurring revenues while expanding the Company's Energy-as-a-Service platform for industrial customers. The purchase also marks an important step in Brenmiller's evolution from a provider of TES solutions towards a developer, owner and operator of an integrated clean energy infrastructure. In addition, it represents the first execution of Brenmiller Energy's BNRG360 strategy, which is designed to deliver renewable electricity, TES, grid services and long-term energy solutions for industrial customers through a single integrated platform.The purchase price is approximately $1.1 million, and the Facility is expected to contribute approximately $173,000 in average annual revenue to the Company. The projected revenue reflects the Company's expected operation of the Facility following the purchase.The purchase reflects Brenmiller's strategy of expanding beyond equipment sales toward owning and operating integrated clean energy assets capable of generating recurring revenue through long-term energy service agreements. By combining renewable generation, TES and flexible energy management, the Company aims to deliver reliable, low-carbon energy solutions while creating durable income-producing opportunities for shareholders.In the near term, the Facility will continue supplying renewable electricity to the grid while generating immediate revenue. Brenmiller intends to expand the site into a BNRG360 hub that integrates renewable generation, energy storage, and industrial energy delivery. The expanded platform is expected to include up to 20 MW of solar generation, a 6 MWh battery energy storage system ("BESS"), a 12.5 MWh TES system, and direct electricity and heat supply to nearby industrial customers.The BNRG 360 platform combines renewable generation, TES, battery storage, digital optimization and long-term energy services. The Company expects to evaluate opportunities to integrate digital infrastructure, including modular data centers, where shared land, grid connectivity and energy resources can further improve project economics and infrastructure utilization."The purchase of this PV Facility reflects our strategy of building integrated energy infrastructure that creates value far beyond renewable electricity generation," said Doron Brenmiller, Chief Business Officer of Brenmiller Energy. "While the Facility immediately contributes a recurring revenue stream, we view it as the cornerstone of a BNRG 360 wide implementation. By combining renewable generation, storage, industrial electricity and heat supply, grid flexibility services and, where commercially appropriate, digital infrastructure such as modular data centers, we believe we can maximize the value generated from each site for our customers and shareholders."The Company believes that the purchase of the Facility demonstrates how renewable generation assets can evolve into integrated industrial energy ecosystems that improve customer economics, strengthen energy resilience, and accelerate industrial decarbonization. As Brenmiller continues expanding its Energy-as-a-Service platform, the Company expects similar infrastructure projects to play an increasingly important role in building a diversified portfolio of recurring revenue-generating assets while supporting the global transition to cleaner industrial energy.About Brenmiller Energy Ltd.Brenmiller Energy (NASDAQ: BNRG) is a leading clean energy company powered by proprietary thermal energy storage technology. Through its patented bGen™ platform and expanded BNRG360 strategy, Brenmiller is evolving from thermal energy storage into integrated clean heat-and-power solutions designed to help industrial and utility customers reduce emissions, improve energy economics, enhance resilience, and accelerate the transition away from fossil fuel-based energy systems. For more information, visit the Company's website at https://bren-energy.com/.Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, the Company is using forward-looking statements when discussing: the expected benefits of the purchase of the Facility and its impact on the Company's Energy-as-a-Service and BNRG360 strategies; the expected average annual revenues and recurring revenue to be generated by the Facility; the Company's plans to expand the site into a BNRG360 hub, including the anticipated integration of additional renewable generation, battery energy storage, TES and industrial energy supply capabilities; the Company's evaluation of opportunities to integrate digital infrastructure, including modular data centers, and the potential benefits of such integration; and the expected role of similar infrastructure projects in expanding the Company's portfolio of recurring revenue-generating assets and supporting the transition to cleaner industrial energy. Without limiting the generality of the foregoing, words such as "plan," "project," "potential," "seek," "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" are intended to identify forward-looking statements. Readers are cautioned that certain important factors may affect the Company's actual results and could cause such results to differ materially from any forward-looking statements that may be made in this press release. Factors that may affect the Company's results include, but are not limited to: the Company's planned level of revenues and capital expenditures; risks associated with the adequacy of existing cash resources; the demand for and market acceptance of our products; impact of competitive products and prices; product development, commercialization or technological difficulties; the success or failure of negotiations; trade, legal, social and economic risks; and political, economic and military instability in the Middle East, specifically in Israel. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's Annual Report on Form 20-F for the year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission ("SEC") on March 25, 2026, which is available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.Contact:Crescendo Communications, LLC
212-671-1020
bnrg@crescendo-ir.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/303673 Original: Brenmiller Energy Purchases Photovoltaic Facility Adjacent to Planned Hungarian Industrial Energy Project
US Market News
3週前
Brenmiller Announces Up to $2.5 Million Investment at a Premium to Market to Advance BNRG360 Growth StrategyJune 11, 2026 8:00 AM
NewsfileInvestment From Existing Investor Reinforces Confidence in Brenmiller's Commercial Progress and Supports Execution of Its BNRG360 Growth StrategyTel Aviv, Israel--(Newsfile Corp. - June 11, 2026) - Brenmiller Energy Ltd. (NASDAQ: BNRG) ("Brenmiller" or the "Company"), a leading global provider of thermal energy storage ("TES") solutions for industrial and utility customers, today announced an investment arrangement with an existing investor expected to provide up to $2.5 million of additional capital to support the continued execution of its BNRG360™ growth strategy.The arrangement includes an immediate $1.5 million investment through convertible preferred shares with an initial conversion price of $1.67 per share, representing a premium to the current market price of the Company's ordinary shares, and accompanying warrants. The conversion price of such preferred shares may be increased to $2.00 per share, subject to shareholder approval. In addition, the Company agreed to issue to the investor, subject to receipt of shareholder approval: (i) a pre-funded warrant to purchase 75,000 ordinary shares, (ii) short-term warrants to purchase 500,000 ordinary shares at an exercise price of $2.00 per share, expiring one week following receipt of shareholder approval, and (iii) warrants to purchase 500,000 ordinary shares at an exercise price of $2.00 per share, expiring five years following receipt of shareholder approval. The investor agreed to exercise the short-term warrants within one week following receipt of shareholder approval, provided that the average closing sale price of the Company's ordinary shares for the five trading days prior to the date shareholder approval is obtained is not less than $1.30 per share. If shareholder approval is obtained and the pricing condition for the short-term warrants are met, the arrangement may provide up to an additional $1.0 million to the Company through warrant exercises at $2.00 per share.The Company believes the investment reflects continued confidence in its long-term growth strategy and the execution of BNRG360™, Brenmiller's platform for developing integrated clean energy solutions designed to generate contracted and recurring revenues.The financing is expected to support the continued expansion of Brenmiller's BNRG360 activities, including investments in operating and development-stage energy assets, renewable energy projects and related infrastructure, the development of long-term energy service agreements, and the continued evolution of the Company's business model toward recurring revenue streams.BNRG360 represents Brenmiller's strategic expansion beyond thermal energy storage technology sales into integrated heat and power solutions that combine thermal energy storage, renewable energy generation, battery storage and long-term customer energy contracts."This investment supports the next phase of Brenmiller's growth strategy," said Nir Brenmiller, Deputy Chief Executive Officer of Brenmiller Energy. Following the recent milestone at our Tempo project, where our bGen™ system began delivering industrial steam during commissioning, we believe we have further demonstrated the commercial readiness of our technology platform. More importantly, this investment provides additional resources to advance our BNRG360 strategy and expand Brenmiller's participation across the energy value chain.""Through BNRG360, we are pursuing opportunities to participate in energy assets and long-term energy service models designed to generate recurring revenues and create sustainable long-term value. This investment, which reflects a premium to the current market price of our shares, strengthens our financial flexibility as we continue executing this strategy and pursuing future growth opportunities."Additional information regarding the transaction is included in the Company's Report on Form 6-K furnished to the U.S. Securities and Exchange Commission.About Brenmiller Energy Ltd.Brenmiller Energy (NASDAQ: BNRG) is a leading clean energy company powered by proprietary thermal energy storage technology. Through its patented bGen™ platform and BNRG360™ growth strategy, Brenmiller is expanding from thermal energy storage into integrated clean heat and power solutions designed to help industrial and utility customers reduce emissions, improve energy economics, enhance resilience and accelerate the transition away from fossil fuel-based energy systems. Through BNRG360, the Company is also pursuing opportunities to participate in energy assets and long-term energy service models designed to create recurring revenues and long-term shareholder value.Forward-Looking StatementsThis presses release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward-looking statements include, but are not limited to, statements regarding the expected completion of the transaction and related shareholder approvals, the investor's agreement to exercise short-term warrants if certain conditions are met, the expected receipt of additional proceeds from warrant exercises, the Company's growth strategy, the expected benefits of BNRG360, future recurring revenue opportunities, future project deployments, commercial growth opportunities, customer demand, financing opportunities and the Company's long-term business objectives. These forward-looking statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Readers are encouraged to review the risk factors included in the Company's filings with the U.S. Securities and Exchange Commission. Brenmiller undertakes no obligation to update any forward-looking statements except as required by law.Contact:Crescendo Communications, LLC
212-671-1020
bnrg@crescendo-ir.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/300992 Original: Brenmiller Announces Up to $2.5 Million Investment at a Premium to Market to Advance BNRG360 Growth Strategy
jobynimble
4週前
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
CONTENTS
On June 3, 2026, Brenmiller Energy Ltd., or the Company, entered into an amendment agreement, or the Amendment, to that certain Sales Agreement by and between the Company and A.G.P./Alliance Global Partners dated June 9, 2023, or the Sales Agreement, pursuant to which the Company may offer and sell its ordinary shares, no par value per share, from time to time through A.G.P./Alliance Global Partners in an “at-the-market” offering.
The Amendment was entered into in connection with the anticipated expiration of the Company’s existing shelf registration statement on Form F-3 (File No. 333-272377) and the anticipated filing of a replacement shelf registration statement on Form F-3. Pursuant to the Amendment, the Company and A.G.P./Alliance Global Partners have agreed, among other things, to extend the Sales Agreement’s termination date to the date that any replacement shelf registration statement on Form F-3 is no longer effective, or such earlier date if terminated otherwise under the terms of the Sales Agreement.
A copy of the Amendment is included as Exhibit 10.1 hereto and incorporated herein by reference.
For the month of June 2026 (Report No. 2)
Commission File Number: 001-41402
BRENMILLER ENERGY LTD.
(Translation of registrant’s name into English)
13 Amal St. 4th Floor, Park Afek
Rosh Haayin, 4809249 Israel
(Address of principal executive offices)
Complete filing: https://www.sec.gov/Archives/edgar/data/1901215/000121390026065287/ea0293500-6k_brenmiller.htm
US Market News
1月前
Brenmiller Energy Achieves Major Commercial Milestone as Tempo Project Successfully Begins Delivering Steam During Ongoing Commissioning PhaseJune 1, 2026 9:00 AM
NewsfileFlagship bGen™ System Successfully Connected and Now Delivering Industrial Steam at Customer SiteInitial Operating Results Support Confidence in Brenmiller's Commercial TES PlatformTel Aviv, Israel--(Newsfile Corp. - June 1, 2026) - Brenmiller Energy Ltd. (NASDAQ: BNRG) ("Brenmiller", "Brenmiller Energy" or the "Company"), a leading global provider of thermal energy storage ("TES") solutions for industrial and utility customers, today provided an operational update regarding its flagship Tempo Beverages Ltd. ("Tempo") project, following the successful completion of construction and the commencement of commissioning and operational activities, including the initial delivery of steam to the customer as part of the project's planned validation and ramp-up process, marking the first commercial operating phase of one of the largest TES projects deployed for industrial decarbonization.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12225/299614_a8201665644a1900_002full.jpgFollowing approximately two months of initial operation and commissioning, Brenmiller's bGen™ TES system has now been successfully connected to Tempo's production facility and has begun supplying steam to the customer. Steam delivery is expected to gradually increase in accordance with the planned operational ramp-up process.According to the Company, operational performance to date has been encouraging and generally consistent with management's expectations for this stage of commissioning across key performance metrics, including system stability, responsiveness, operational consistency and overall performance under real industrial operating conditions. These early results provide additional support for management's belief regarding the potential scalability and repeatability of the bGen™ platform across future customer deployments, subject to the successful completion of ongoing validation and commissioning activities. "We are very encouraged by the system's performance during the initial operating phase" said, Avi Brenmiller, Chief Executive Officer of Brenmiller Energy. "Our aggressive growth plans, which include a broad mix of services for industrial customers, are built upon our unique technological foundation. The stronger and more capable this foundation becomes, the faster and more powerfully we believe will be able to grow.""More importantly, Tempo is beginning to demonstrate the potential for TES to support the replacement of fossil-fuel-based heat generation in real-world industrial operations as the project progresses through commissioning. As we continue advancing this project, we believe it strengthens our position to pursue additional commercial opportunities globally and supports our long-term growth strategy.""I am extremely proud of our outstanding team, which has successfully navigated the many challenges involved in executing such a complex first-of-its-kind project. Through their dedication, expertise and relentless focus on execution, they have delivered strong operational performance and achieved important milestones that have brought this project to its current stage," concluded Mr. Brenmiller.Strategic FrameworkTempo is expected to serve as Brenmiller Energy's cornerstone commercial reference project, upon successful completion of commissioning and performance validation, providing a live operating showcase for prospective industrial customers, partners and project financiers evaluating TES solutions. Beyond validating the Company's technology at commercial scale, the project also demonstrates the broader capabilities of Brenmiller's 360BNRG framework, under which bGen™ can be integrated with renewable generation and energy optimization solutions to support a range of commercial structures, including asset ownership and long-term operating models.As global industries pursue practical and cost-effective pathways to decarbonize heat production, Brenmiller believes the successful execution of the Tempo project strengthens both its technological and commercial positioning in the growing TES market. The operational experience and performance data generated through the project are expected to support future deployments, strengthen customer confidence, and help accelerate the Company's commercial growth initiatives.About the Tempo ProjectThe Tempo Project is Brenmiller's flagship industrial deployment and a major milestone in the Company's transition from technology development to scaled commercial execution. It includes a 32-megawatt-hour TES installation engineered to supply continuous industrial process steam and is designed to fully replace the site's fossil fuel boiler-based heat production following completion of the validation process. The system is expected to eliminate approximately 6,200 tons of CO2 emissions annually. Upon successful completion of the validation process, Tempo is expected to become one of Brenmiller's most significant commercial reference installations, demonstrating the Company's ability to deploy TES at industrial scale under real-world operating conditions.The project represents the culmination of more than 15 years of technology development and is intended to serve as a blueprint for future industrial decarbonization deployments worldwide. Brenmiller believes the operational experience and performance data generated through Tempo will strengthen customer confidence, support future commercial opportunities, and further support confidence in the scalability of the Company's bGen™ platform.About Brenmiller Energy Ltd.Brenmiller Energy (NASDAQ: BNRG) is a leading clean energy company powered by proprietary thermal energy storage technology. Through its patented bGen™ platform and expanded BNRG360 strategy, Brenmiller is evolving from thermal energy storage into integrated clean heat-and-power solutions designed to help industrial and utility customers reduce emissions, improve energy economics, enhance resilience, and accelerate the transition away from fossil fuel-based energy systems. For more information, visit the Company's website at https://bren-energy.com/.Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, the Company is using forward-looking statements when discussing: the expected completion of commissioning and validation activities, the expected increase in steam delivery during operational ramp-up, the anticipated performance and reliability of the bGen™ TES system, the potential scalability and repeatability of the Company's technology platform, the Company's aggressive growth plans including a broad mix of services for industrial customers, the expected CO2 emissions reductions from the Tempo project, Tempo's anticipated role as a commercial reference project, the expected future customer deployments and commercial opportunities, the potential growth of the TES market, the Company's long-term growth strategy and commercial objectives, and the anticipated benefits of the 360BNRG framework and related business models. Without limiting the generality of the foregoing, words such as "plan," "project," "potential," "seek," "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" are intended to identify forward-looking statements. Readers are cautioned that certain important factors may affect the Company's actual results and could cause such results to differ materially from any forward-looking statements that may be made in this press release. Factors that may affect the Company's results include, but are not limited to: the Company's planned level of revenues and capital expenditures; risks associated with the adequacy of existing cash resources; the demand for and market acceptance of our products; impact of competitive products and prices; product development, commercialization or technological difficulties; the success or failure of negotiations; trade, legal, social and economic risks; and political, economic and military instability in the Middle East, specifically in Israel. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's Annual Report on Form 20-F for the year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission ("SEC") on March 25, 2026, which is available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.Contact:Crescendo Communications, LLC
212-671-1020
bnrg@crescendo-ir.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/299614 Original: Brenmiller Energy Achieves Major Commercial Milestone as Tempo Project Successfully Begins Delivering Steam During Ongoing Commissioning Phase
iHub News
1月前
CEO Appointment Signals Commercial Expansion Push for Brenmiller Energy’s BNRG360 Strategy (BNRG)May 18, 2026 11:15 AM
IH Market News Brenmiller Energy’s leadership transition comes as the company increases its focus on scaling thermal energy storage commercialization and industrial decarbonization solutions. Key Investor Takeaways The primary catalyst is the appointment of Nir Brenmiller as Chief Executive Officer Brenmiller Energy (NASDAQ:BNRG) is emphasizing commercial deployment and expansion of its BNRG360 industrial energy platform Management framed the transition around growing global demand for industrial decarbonization and thermal energy storage solutions The company continues positioning its bGen technology as a long-term clean heat and energy resilience solution for industrial customers The CEO change highlights Brenmiller’s shift from technology development toward commercialization and growth execution Why Brenmiller Energy Stock Is in Focus Brenmiller Energy announced that its board appointed Nir Brenmiller as Chief Executive Officer, replacing Avi Brenmiller in the CEO role while Avi remains Chairman of the Board.The appointment becomes effective pending shareholder approval of updated compensation packages for both executives.According to the company, the leadership transition is intended to support the next phase of commercialization and growth tied to Brenmiller’s thermal energy storage platform and BNRG360 strategy.The company said the move comes as industrial decarbonization accelerates globally and thermal energy storage becomes increasingly important for cleaner and more resilient energy infrastructure.“Nir has helped lead Brenmiller Energy’s strategic and operational growth for more than a decade and has been instrumental in the Company’s evolution from an innovative thermal energy storage technology developer into a commercial clean-energy platform focused on industrial decarbonization,” said Avi Brenmiller, Chairman of the Board of Brenmiller Energy.Nir Brenmiller stated: “Over the past decade, we have built a differentiated thermal energy storage platform designed to help industries transition away from fossil fuels and toward cleaner, more flexible energy systems.”The company said its bGen platform converts renewable electricity into zero-emission heat for industrial and utility applications, while the broader BNRG360 initiative focuses on integrated clean heat-and-power systems. Why This Matters for Investors The leadership transition may matter to investors because it reflects a stronger emphasis on commercialization and operational scaling rather than early-stage technology development.For clean energy companies, moving from demonstration-stage technologies into broader commercial deployment is often viewed as a critical phase that can influence future revenue visibility, strategic partnerships, and market positioning.Brenmiller is also continuing to align itself with industrial decarbonization themes, an area attracting growing interest as industries seek alternatives to fossil fuel-based heating systems.The company’s focus on integrated heat-and-power infrastructure may help broaden its positioning beyond standalone thermal energy storage products.At the same time, the announcement does not include new financial guidance, customer contracts, project awards, or revenue targets tied to the BNRG360 rollout.As a result, investors may remain focused on whether the leadership change translates into measurable commercial execution and deployment growth over time. What to Watch Next Investors may monitor: Commercial deployment progress tied to the BNRG360 platform New industrial or utility customer agreements Expansion of thermal energy storage projects using bGen technology Updates related to revenue growth or backlog development Shareholder approval of the executive compensation packages tied to the leadership transition Brenmiller Energy stock price Original: CEO Appointment Signals Commercial Expansion Push for Brenmiller Energy’s BNRG360 Strategy (BNRG)
US Market News
3月前
Brenmiller Energy Ltd. Announces Expected Implementation of 5-for-1 Reverse Share SplitApril 10, 2026 4:30 PM
NewsfileRosh Ha'ayin, Israel--(Newsfile Corp. - April 10, 2026) - Brenmiller Energy Ltd. (NASDAQ: BNRG) ("Brenmiller", "Brenmiller Energy" or the "Company"), a leading global provider of Thermal Energy Storage ("TES") solutions for industrial and utility customers, today announced that a reverse share split of its issued and outstanding ordinary shares, no par value per share (the "Ordinary Shares") at a ratio of 5-for-1 is expected to be implemented after market close on April 14, 2026. The Company's Ordinary Shares will begin trading on the Nasdaq Capital Market on a post-split basis at the market open on April 15, 2026 under the Company's existing trading symbol "BNRG".The reverse share split was approved by the Company's shareholders at the Company's Special General Meeting of Shareholders held on March 31, 2026 (the "Meeting").Following the reverse share split, the Company's outstanding Ordinary Shares will be reduced from 2,577,327 Ordinary Shares to 515,465 Ordinary Shares, proportionate to the approved reverse split ratio. The Company's authorized share capital will not be impacted by the implementation of the reverse share split and will remain 150,000,000 ordinary shares and 25,000 preferred shares following the consummation of the reverse share split. The Company's preferred shares, no par-value each (the "Preferred Shares"), shall not be reduced as a result of the reverse share split; instead, the applicable conversion ratio of the Preferred Shares shall be proportionally adjusted to reflect the reverse share split.No fractional shares will be issued as a result of the reverse split. In accordance with the Company's Articles of Association, all fractional shares will be rounded to the nearest whole Ordinary Share such that only shareholders holding fractional consolidated shares of more than half of the number of shares which consolidation constitutes one whole share shall be entitled to receive one consolidated share. About Brenmiller Energy Ltd.Brenmiller Energy helps energy-intensive industries and power producers end their reliance on fossil fuel boilers. Brenmiller's patented bGen™ ZERO thermal battery is a modular and scalable energy storage system that turns renewable electricity into zero-emission heat. It charges using low-cost renewable electricity and discharges a continuous supply of heat on demand and according to its customers' needs. The most experienced thermal battery developer on the market, Brenmiller operates the world's only gigafactory for thermal battery production and is trusted by leading multinational energy companies. For more information visit the Company's website at https://bren-energy.com/ and follow the company on X and LinkedIn. Forward-Looking Statements:This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, the Company is using forward-looking statements when discussing the implementation of the reverse share split. Without limiting the generality of the foregoing, words such as "plan," "project," "potential," "seek," "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" are intended to identify forward-looking statements. Readers are cautioned that certain important factors may affect the Company's actual results and could cause such results to differ materially from any forward-looking statements that may be made in this press release. Factors that may affect the Company's results include, but are not limited to: the Company's planned level of revenues and capital expenditures; risks associated with the adequacy of existing cash resources; the demand for and market acceptance of our products; impact of competitive products and prices; product development, commercialization or technological difficulties; the success or failure of negotiations; trade, legal, social and economic risks; and political, economic and military instability in the Middle East, specifically in Israel. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's Annual Report on Form 20-F for the year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission ("SEC") on March 25, 2026, which is available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.Contact:Crescendo Communications, LLC
212-671-1020
bnrg@crescendo-ir.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/291762
Original: Brenmiller Energy Ltd. Announces Expected Implementation of 5-for-1 Reverse Share Split
US Market News
3月前
Brenmiller Adds ISO/IEC 42001 Certification to Support AI-Enabled Optimization as Commercial TES Deployments and BNRG360 Strategy ScaleMarch 31, 2026 8:05 AM
NewsfileCertification supports AI use across system optimization, predictive maintenance and forecasting as an additional milestone supporting Brenmiller's BNRG360 strategy and advances toward broader commercial scaleRosh Haayin, Israel--(Newsfile Corp. - March 31, 2026) - Brenmiller Energy Ltd. (NASDAQ: BNRG) ("Brenmiller," "Brenmiller Energy" or the "Company"), a provider of integrated power and heat solutions for industrial and utility customers built around its proprietary thermal energy storage ("TES") technology, today announced that it has achieved ISO/IEC 42001:2023 certification for its artificial intelligence ("AI") management system.The certification covers Brenmiller's use of AI across energy storage optimization, predictive maintenance, demand forecasting, energy market analysis and process optimization. Brenmiller believes the certification strengthens the operating and governance framework and adds another foundational layer to the infrastructure supporting the Company's next phase of commercialization as it aims to expand from standalone TES deployments toward broader integrated clean heat-and-power solutions under its BNRG360 strategy.The announcement follows a period of significant operational and commercial progress for Brenmiller, including delivery of the Company's flagship Tempo Beverages Ltd. ("Tempo") project, recognition of its first revenue from a TES system sale, previously disclosed expected 2026 revenue tied to Tempo execution milestones, and the launch of BNRG360 to expand Brenmiller's offering into integrated clean heat-and-power solutions designed to improve project economics, support more financeable structures and potentially create larger long-term revenue opportunities."As Brenmiller moves from proving the technology to scaling commercialization, the next challenge is operating with greater precision, predictability and discipline across a growing portfolio of projects and customer applications," said Avi Brenmiller, Chairman and Chief Executive Officer of Brenmiller Energy. "We believe AI can play an increasingly important role not only in optimizing charging and discharge cycles, improving forecasting, supporting predictive maintenance, strengthening energy market analysis and enhancing overall system performance, but also in streamlining system design, customer-specific solution modeling and project-level economic analysis. We believe that achieving ISO/IEC 42001 certification reinforces that these capabilities are being developed and managed within a recognized governance framework."Mr. Brenmiller continued, "This is particularly relevant as we expand BNRG360 and pursue more integrated, longer-duration project structures. In those environments, customer economics, uptime, dispatch optimization, flexibility and operating confidence matter. We believe disciplined AI governance can support our ability to deliver smarter system performance, stronger execution and greater credibility with customers, partners and project counterparties. We also believe this becomes more important as growing power demand from AI-driven data centers places additional strain on the grid and increases the need for flexible energy assets."ISO/IEC 42001 is an international standard for artificial intelligence management systems. Brenmiller believes certification under the standard supports the structured and accountable deployment of AI-enabled tools across its commercial operations as the Company works to broaden its installed base and increase participation in longer-term project revenues.For Brenmiller, these capabilities are expected to support multiple areas of the business, including optimization of TES charging and discharge cycles, operational forecasting, predictive maintenance, analytics to improve energy market participation, and process improvements intended to enhance system-level performance and customer value.Brenmiller believes the certification further supports its broader commercialization strategy by demonstrating that AI-enabled operating tools are being deployed within a formal management framework as the Company advances flagship projects, expands recurring-revenue structures and builds toward larger integrated energy opportunities.About Brenmiller Energy Ltd.Brenmiller Energy (NASDAQ: BNRG) is a leading clean energy company powered by proprietary thermal energy storage technology. Through its patented bGen™ platform and expanded BNRG360 strategy, Brenmiller is evolving from thermal energy storage into integrated clean heat-and-power solutions designed to help industrial and utility customers reduce emissions, improve energy economics, enhance resilience and accelerate the transition away from fossil fuel-based energy systems. For more information, visit the Company's website at https://bren-energy.com/.Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, the Company is using forward-looking statements when discussing: the Company's expansion from standalone TES deployments to integrated BNRG360 solutions; advancement toward broader commercial scale; expected 2026 revenue tied to Tempo project execution milestones; scaling of commercialization and project portfolio growth; expansion of recurring revenue and long-term project structures; use of AI to optimize system performance, forecasting and maintenance, improvement of project economics and customer value; broader adoption of integrated clean heat-and-power solutions; building toward larger integrated energy opportunities; and growing demand for flexible energy assets driven by grid constraints and AI-related power demand. Without limiting the generality of the foregoing, words such as "plan," "project," "potential," "seek," "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" are intended to identify forward-looking statements. Readers are cautioned that certain important factors may affect the Company's actual results and could cause such results to differ materially from any forward-looking statements that may be made in this press release. Factors that may affect the Company's results include, but are not limited to: the Company's planned level of revenues and capital expenditures; risks associated with the adequacy of existing cash resources; the demand for and market acceptance of our products; impact of competitive products and prices; product development, commercialization or technological difficulties; the success or failure of negotiations; trade, legal, social and economic risks; and political, economic and military instability in the Middle East, specifically in Israel. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's Annual Report on Form 20-F for the year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission ("SEC") on March 25, 2026, which is available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.Contact:Crescendo Communications, LLC
212-671-1020
bnrg@crescendo-ir.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/290552
Original: Brenmiller Adds ISO/IEC 42001 Certification to Support AI-Enabled Optimization as Commercial TES Deployments and BNRG360 Strategy Scale
US Market News
3月前
Brenmiller Energy Issues Business Update Highlighting Commercial Breakthrough, First TES Revenue and BNRG360 Growth StrategyMarch 25, 2026 4:10 PM
NewsfileDelivered flagship Tempo project, Brenmiller's first commercial-scale boiler replacement deployment, marking a major operational milestone in the Company's transition toward commercializationRecognized first revenue from a TES system sale, validating Brenmiller's ability to convert project execution into reported revenueEntering 2026 with previously disclosed projected 2026 revenue of approximately $1.7 million tied to Tempo execution milestones, which management believes reflects the beginning of an accelerating growth trendLaunched BNRG360 strategy to expand from TES into integrated clean heat-and-power solutions expected to improve project economics, broaden market opportunity and create larger long-term revenue streamsBuilt increasing commercial momentum with 103 MWh in cumulative projects deployed and a global pipeline of commercial opportunities across multiple industrial sectors and geographiesRosh Haayin, Israel--(Newsfile Corp. - March 25, 2026) - Brenmiller Energy Ltd. (Nasdaq: BNRG) ("Brenmiller," "Brenmiller Energy" or the "Company"), a provider of integrated power and heat solutions for industrial and utility customers built around its proprietary thermal energy storage ("TES") technology, today issued a business update highlighting a year of operational execution, delivered flagship Tempo Beverages Ltd. ("Tempo"), first revenue recognition from a commercial TES system sale, and the launch of its expanded BNRG360 strategy to deliver integrated clean heat-and-power solutions. In connection with the business update, the Company also filed its 2025 annual report on Form 20-F with the U.S. Securities and Exchange Commission."2025 was the year Brenmiller moved beyond proving the technology and began proving commercialization," said Avi Brenmiller, Chairman and Chief Executive Officer of Brenmiller Energy. "We delivered our flagship Tempo project, recognized our first revenue from a TES system sale, strengthened our commercial platform and entered 2026 with growing visibility into revenue generation. We believe these milestones mark the beginning of a new phase for Brenmiller as we work to convert years of product development and project execution into repeatable commercial growth."Mr. Brenmiller continued, "At the same time, we refined our strategy to reflect where the market is going. Customers increasingly need more than a standalone thermal battery. They need integrated clean heat-and-power solutions that can reduce emissions, improve energy economics, support resilience and fit within financeable long-term project structures. That is the logic behind BNRG360. We believe this strategy can expand our addressable market, increase average project value and create more meaningful long-term revenue opportunities for Brenmiller."2025 and Recent Business HighlightsDelivered Brenmiller's flagship commercial-scale boiler replacement project at Tempo
In early 2026, Brenmiller advanced its flagship 32 MWh Tempo project through construction completion and into start-up and commissioning. Tempo is designed to fully replace fossil fuel boiler-based steam production at one of Israel's leading beverage manufacturers and represents Brenmiller's first commercial-scale industrial reference site for future deployments.Recognized first revenue from a TES system sale
For 2025, Brenmiller recognized revenue of approximately $387,000, representing the Company's first revenue recognition from a TES system sale, generated from its bGen™ installation with Enel in Italy. While revenue remains at an early stage, management believes this is an important milestone because it demonstrates that Brenmiller's technology and project activity are beginning to translate into recognized commercial revenue.Established a visible bridge to 2026 revenue growth
As previously disclosed, Brenmiller expects approximately $1.7 million in revenue during 2026 associated with execution milestones related to the Tempo project. Management believes this outlook is an important indicator of the Company's next stage, as flagship projects progress from delivery and commissioning into commercial operation and expected revenue generation.Expanded recurring revenue potential through Baran Energy ("Baran") structure
In 2025, Brenmiller signed a System Purchase Agreement with Baran covering the Tempo and Wolfson Hospital projects. Under the structure, Brenmiller is positioned to receive milestone-based payments during construction and commissioning, profit sharing based on revenues from end customers, and ongoing service revenues through operations and maintenance, while retaining ownership of its intellectual property. Management believes this structure provides a clearer path to monetization while supporting broader deployment.Launched BNRG360 to capture the larger heat-and-power opportunity
In January 2026, Brenmiller launched BNRG360, its integrated energy platform designed to offer bundled clean heat and power solutions combining TES, solar photovoltaic and battery energy storage systems under long-term contractual structures. Management views this as a strategic evolution beyond standalone TES equipment sales toward a more comprehensive energy platform approach built around customer economics, project financeability and long-term revenue participation.Why Heat and Power MattersBrenmiller believes the next phase of industrial decarbonization will be driven by customers seeking broader energy solutions rather than isolated equipment. That is why the Company is expanding beyond standalone TES into integrated clean heat-and-power solutions.By combining TES with complementary power and renewable components, Brenmiller believes it can address a broader range of industrial customer needs, improve project economics, support more financeable structures and unlock larger project opportunities than heat-only solutions alone. Management believes this strategic shift can increase average project size, accelerate adoption and improve Brenmiller's ability to participate in long-term project revenues.Building Commercial MomentumBrenmiller enters 2026 with 103 MWh in cumulative projects deployed and a global pipeline of commercial opportunities representing millions of dollars of potential revenues across multiple industrial sectors and geographies. Management believes this reflects growing demand for the Company's TES technology and validates the broader market need for flexible, dispatchable clean heat-and-power solutions across industrial and utility applications.The Company believes its strongest operational year to date has created a more durable foundation for growth. With flagship delivery now achieved, commercial structures in place to support future recurring revenues, and BNRG360 launched to broaden the business model, Brenmiller believes it is better positioned than at any point in its history to pursue commercial scale.Brenmiller also believes its strategic positioning is increasingly aligned with the long-term global push toward industrial electrification, energy resilience and decarbonization, which management views as major demand drivers for integrated thermal and power solutions.Summary of Financial Results for 2025Income Statement
Revenues for the year ended December 31, 2025 were approximately $387,000, compared to no revenues in 2024, reflecting the Company's first recognized revenue from the sale of a TES system. Operating loss for 2025 was approximately $12.7 million, compared to approximately $10.6 million in 2024. Net loss for 2025 was approximately $13.9 million, compared to approximately $6.8 million in 2024, primarily due to higher operating losses and a shift from net financial income in 2024 to net financial expenses in 2025, with 2024 including approximately $4.0 million of one-time non-cash financial income driven by fair value adjustments and reclassification of warrants, alongside increased foreign exchange losses in 2025. Balance Sheet
As of December 31, 2025, Brenmiller had cash, cash equivalents and restricted deposits of approximately $4.9 million, compared to approximately $4.1 million as of December 31, 2024.About Brenmiller Energy Ltd.Brenmiller Energy (Nasdaq: BNRG) is a leading clean energy company powered by proprietary thermal energy storage technology. Through its patented bGen™ platform and expanded BNRG360 strategy, Brenmiller is evolving from thermal energy storage into integrated clean heat-and-power solutions designed to help industrial and utility customers reduce emissions, improve energy economics, enhance resilience and accelerate the transition away from fossil fuel-based energy systems. For more information, visit the Company's website at https://bren-energy.com/.Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, the Company is using forward-looking statements when discussing: the expected commissioning, validation and commercial operation of the Tempo project; expected 2026 revenues, including approximately $1.7 million associated with Tempo-related execution milestones; the Company's transition toward commercialization and recurring revenue generation; the expected benefits of the BNRG360 strategy; the Company's expectation and ability to improve project economics, broaden market opportunity, support project financeability and increase participation in long-term project revenues; commercial structures that are in place to support future recurring revenues; the growth of the Company's addressable market; and the Company's future growth opportunities, the Company's pipeline of commercial opportunities, and the Company's future strategic plans. Without limiting the generality of the foregoing, words such as "plan," "project," "potential," "seek," "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" are intended to identify forward-looking statements. Readers are cautioned that certain important factors may affect the Company's actual results and could cause such results to differ materially from any forward-looking statements made in this press release, including risks and uncertainties related to the Company's business, liquidity, commercialization efforts, financing needs, customer adoption, project execution, and the other risk factors described in the Company's filings with the U.S. Securities and Exchange Commission, including its most recent Annual Report on Form 20-F. The Company undertakes no obligation to update these forward-looking statements, except as required by law.Contact:Crescendo Communications, LLC
212-671-1020
bnrg@crescendo-ir.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/289911
Original: Brenmiller Energy Issues Business Update Highlighting Commercial Breakthrough, First TES Revenue and BNRG360 Growth Strategy
US Market News
3月前
Brenmiller Energy Highlights McKinsey Analysis Pointing to a Potential 16 Billion Euro European Market Opportunity for Thermal Energy StorageMarch 20, 2026 8:00 AM
NewsfileNew Analysis Suggests Industrial Heat Electrification Economics May Improve Meaningfully, With Projected Returns Potentially Exceeding Typical Industrial Hurdle Rates Across Europe by 2030Rosh Ha'Ayin, Israel--(Newsfile Corp. - March 20, 2026) - Brenmiller Energy Ltd. (NASDAQ: BNRG) ("Brenmiller", "Brenmiller Energy" or the "Company"), a provider of integrated power and heat solutions for industrial and utility customers built around its proprietary thermal energy storage ("TES") technology, today highlighted the rapidly expanding market opportunity for industrial heat electrification in Europe following the release of a March 13, 2026 McKinsey & Company blog of Industrial heat electrification in Europe: New business models emerge, that underscores the improving economics and strong growth potential of TES systems. The report identifies industrial heat as one of the largest energy consumption segments globally, accounting for nearly two-thirds of total industrial energy use. While electrification of industrial heat has long been technically feasible, economic barriers such as high upfront capital costs and electricity pricing dynamics historically slowed adoption. Today, evolving energy market conditions across Europe, including recent spikes in natural gas prices, heightened price volatility and supply uncertainty driven in part by ongoing geopolitical instability, are improving the economics of electrified heat and creating a compelling opportunity for TES systems that store low-cost electricity and convert it into industrial heat when needed.According to McKinsey's analysis, internal rates of return for eight-hour TES systems of more than 15% are achievable in most countries assessed by 2030, placing these investments within or above typical industrial hurdle rates. The report also estimates that TES capacity in Europe could grow from less than 0.5 gigawatt-hours today to more than 200 gigawatt-hours by 2035, representing an approximately €16 billion cumulative capital investment opportunity over time as industrial companies increasingly seek cost-effective solutions to decarbonize heat production while maintaining energy reliability.Brenmiller's patented bGen TES technology converts electricity into stored thermal energy using crushed rock as a storage medium and delivers high-temperature steam or hot air on demand for industrial processes, enabling customers to store renewable and low-cost electricity and use it later for heat production. The Company's systems help industrial operators reduce both energy costs and emissions, and Brenmiller is actively advancing projects and collaborations across Europe as industries increasingly seek solutions to electrify heat and reduce reliance on fossil fuels. "The McKinsey report highlights what we believe is one of the most significant emerging opportunities in the global energy transition," said Avi Brenmiller, Chairman and Chief Executive Officer of Brenmiller Energy. "Industrial heat represents one of the largest remaining decarbonization challenges, and we believe that TES provides a scalable solution that allows industrial companies to replace fossil fuel-based heat with electricity.""Based on McKinsey's analysis, Europe is rapidly becoming one of the most attractive markets in the world for TES," Mr. Brenmiller continued. "With our commercially proven bGen technology, expanding manufacturing capabilities and growing project pipeline of potential commercial opportunities, we believe Brenmiller is well positioned to capture a meaningful share of this multi-billion-euro market opportunity."About Brenmiller Energy Ltd.Brenmiller Energy (NASDAQ: BNRG) provides thermal energy storage solutions that enable industrial and utility customers to decarbonize heat, improve energy flexibility, and integrate renewable electricity. The Company's bGen systems convert electricity into dispatchable industrial heat, supporting electrification and emissions reduction across a range of applications.Forward Looking StatementsThis press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, the Company is using forward-looking statements when discussing: the projected market opportunity for TES systems, expected returns and adoption trends for industrial heat electrification, the anticipated growth of the European TES market, the Company's ability to expand its manufacturing capabilities and pipeline of potential commercial opportunities, and the Company's ability to capture future commercial opportunities in Europe and other markets. Without limiting the generality of the foregoing, words such as "plan," "project," "potential," "seek," "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" are intended to identify forward-looking statements. Readers are cautioned that certain important factors may affect the Company's actual results and could cause such results to differ materially from any forward-looking statements that may be made in this press release. Factors that may affect the Company's results include, but are not limited to: the Company's planned level of revenues and capital expenditures; risks associated with the adequacy of existing cash resources; the demand for and market acceptance of the Company's products; impact of competitive products and prices; product development, commercialization or technological difficulties; the success or failure of negotiations; trade, legal, social and economic risks; and political, economic and military instability in the Middle East, specifically in Israel. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's Annual Report on Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission ("SEC") on March 4, 2025, which is available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.Investor Contacts:Crescendo Communications, LLC
212-671-1020
bnrg@crescendo-ir.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/289285
Original: Brenmiller Energy Highlights McKinsey Analysis Pointing to a Potential 16 Billion Euro European Market Opportunity for Thermal Energy Storage
iHub News
4月前
Brenmiller Energy completes Tempo Beverages thermal storage projectMarch 12, 2026 11:52 AM
IH Market News
Brenmiller Energy Ltd. (NASDAQ:BNRG) announced that construction of its thermal energy storage project at Tempo Beverages Ltd. has been completed and the system has entered the commissioning phase, according to a company press release.The company’s shares currently trade around $0.83, close to a 52-week low of $0.81, giving the firm a market capitalization of roughly $1.24 million.Under the project, the Tempo facility will shift all of its steam production to Brenmiller’s thermal energy storage system through a Heat-as-a-Service arrangement. The installation represents a large-scale industrial application in which thermal energy storage replaces conventional fossil fuel boilers at the site.Brenmiller also introduced its BNRG360 strategy, which positions the company as an integrated energy partner offering bundled heat and power solutions through long-term service agreements. The model combines renewable generation, battery storage and Brenmiller’s proprietary thermal energy storage technology.The company has raised about $9 million under a private placement agreement signed in July 2025 with Alpha Capital Anstalt. Under the terms of the deal, Brenmiller could secure up to an additional $16 million, which it expects to use to finance commercial thermal energy storage projects and support working capital.Chief Executive Officer Avi Brenmiller said in a letter to shareholders that the company is “entering a new phase of broader commercial deployment.” He also noted that he has personally invested tens of millions of dollars into the company and acknowledged that shareholders have faced significant losses as the stock price declined. The shares have dropped about 98% over the past year and are down 76% year-to-date, although revenue increased 844% over the last twelve months as of the second quarter of 2025.The company plans to replicate similar installations at additional industrial facilities across Europe and other target markets, using standardized project structures and long-term energy service contracts.Brenmiller Energy develops integrated power and heat solutions for industrial and utility customers based on its thermal energy storage technology.In related developments, Brenmiller recently accelerated its BNRG360 platform to offer combined heat and power solutions to industrial clients amid a surge in European natural gas prices, which have risen above €60 per megawatt-hour following disruptions in global energy supply routes.The company also completed construction of a 32 MWh thermal energy storage system for Tempo Beverages, representing its first large-scale industrial deployment designed to replace fossil fuel-based steam production. The system is currently undergoing testing before full commercial operation.Additionally, Brenmiller finalized electrical work at the Tempo facility, enabling full electrification of the thermal storage system, which converts electricity into industrial heat. The company has also launched a broader integrated energy services strategy under the BNRG360 platform, combining its bGen thermal storage systems with solar photovoltaic generation and battery storage to deliver comprehensive clean energy solutions to industrial customers.Brenmiller Energy stock price
Original: Brenmiller Energy completes Tempo Beverages thermal storage project
US Market News
4月前
Brenmiller Energy CEO Avi Brenmiller Issues Letter to ShareholdersMarch 12, 2026 8:07 AM
NewsfileTel Aviv, Israel--(Newsfile Corp. - March 12, 2026) - Brenmiller Energy Ltd. (NASDAQ: BNRG) ("Brenmiller", "Brenmiller Energy" or the "Company"), a provider of integrated power and heat solutions for industrial and utility customers built around its proprietary thermal energy storage ("TES") technology, today issued a letter from its Chief Executive Officer, Avi Brenmiller. Dear Shareholders,I am writing to you at a pivotal moment for Brenmiller Energy.It has taken us almost fifteen years to reach this point and realize the vision that set us on this journey: replacing fossil fuel-based industrial heat generation with clean, reliable energy. Today, we are beginning to see our vision translate into real-world deployment and commercial momentum. Industrial heat remains the single largest use of energy in the global economy, and our technology is designed to help industries to transition from fossil fuels, natural gas in particular, providing manufacturers with a reliable and sustainable path forward.Replacing traditional systems with a fundamentally new approach is not something that happens overnight. Transforming such deeply embedded infrastructure requires time, persistence, and careful execution. Over nearly a decade as a public company, we have had to raise capital multiple times to continue advancing the technology while building and operating first-of-a-kind projects that provide the real-world experience needed to validate performance and prepare the system for large-scale commercial installations. These financings inevitably diluted shareholders and required considerable patience and long-term support from our investors, extending the timeline for both the Company and our investors beyond what anyone initially anticipated.However, we believe that the Company is now entering a new phase of broader commercial deployment, including the replication of projects under long-term contracted energy service agreements.Operational Milestone: Tempo Project CommissioningOur flagship project, Tempo Beverages Ltd. ("Tempo"), has completed construction and is beginning commissioning. At this facility, a major global beverage manufacturer is transitioning 100% of its steam production to our system, under a Heat-as-a-Service model, demonstrating the commercial deployment of our technology on an industrial scale. This is among the first large-scale demonstrations where thermal energy storage fully replaces fossil boilers at an industrial site.We believe that the completion of the Tempo project is an important step not only for Brenmiller Energy but for the broader industrial energy transition. First-of-a-kind projects are inherently complex and capital intensive, but once operational they establish the technical and commercial foundation required for replication. Our focus now is on leveraging this experience to replicate deployments across additional industrial sites in Europe and other target markets using standardized project structures and long-term energy service agreements.This fits right in with our recently introduced BNRG360, an updated strategy that expands our role beyond technology supply to an energy partner, offering industrial customers bundled heat and power under long-term agreements, combining renewable generation, battery storage, and our proprietary thermal storage technology. This approach is intended to create potential revenue streams including industrial offtake, electricity trading, grid services, and ownership of energy assets.Importantly, much of the infrastructure within our BNRG360 strategy, including solar generation and battery storage, is based on mature technologies that can be financed through traditional project structures. Our thermal storage technology is the key differentiator that enhances the value of these systems, which we believe, strengthens our offering to customers and provides a clear advantage over alternative solutions.Initial discussions with both existing and new customers using this approach have been promising, and we expect to provide updates on commercial progress across several target markets as they evolve.We believe that the current geopolitical environment further reinforces the relevance of our solution. Recent events in the Middle East have contributed to volatility in global energy markets, with natural gas and electricity prices in Europe rising significantly within days. Industrial companies are once again confronted with the risks of dependence on fossil fuels and unstable energy markets. In an environment where energy price stability and supply security are becoming critical for manufacturers, solutions that can provide predictable long-term energy costs are increasingly attractive. We believe that our solution provides a stable, reliable, long-term alternative that can reduce costs, improve efficiency, and protect industrial operations from energy price shocks.I am fully aware that many shareholders have experienced significant losses as the stock price declined. I share this pain personally. I have invested tens of millions of dollars of my own capital in Brenmiller Energy over the years, and like many of you, I have experienced the impact of the share price decline.Despite this, I remain deeply confident in the opportunity ahead. We believe that Brenmiller Energy, with its current projects and proven technology, has a scalable business model, and a market environment that will increasingly demand the solutions we provide. The Company also has access to additional capital under previously announced financing arrangements. Under the July 2025 private placement agreement with Alpha Capital Anstalt, we have already raised approximately $9 million and can potentially raise up to an additional $16 million subject to the terms of that agreement. This source of funding is expected to serve our cash needs for executing our commercial TES projects and supporting our working capital.Focus on Execution and GrowthOur responsibility now is simple: execute.Every day our team is focused on commercial growth and long-term value creation. With operational projects, an expanding pipeline of commercial opportunities, and a strategy centered on long-term contracted energy services, we have established the foundation for sustainable growth. We believe the coming period represents a critical opportunity for Brenmiller Energy to transition from technology developers to a provider of industrial clean energy infrastructure.Thank you for your continued support.Sincerely,Avi BrenmillerChairman and Chief Executive OfficerBrenmiller EnergyForward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, the Company is using forward-looking statements when discussing: the belief that the Company is entering a new phase enabling broader commercial deployment; expectations to replicate deployments across additional industrial sites in Europe and other markets; plans to expand the BNRG360 strategy as an energy partner providing bundled heat and power solutions; potential to generate value from multiple revenue streams including industrial offtake, electricity trading, grid services and energy asset ownership; its expectation to provide updates on commercial progress in several target markets; the belief that market conditions are increasingly favorable for the Company's solutions; the expectation that the Alpha Capital Anstalt financing will serve our cash needs for executing our commercial TES projects and support our working capital ; the belief that operational projects and commercial pipeline position the Company for growth; the belief that the Company can transition from technology developer to a provider of industrial clean energy infrastructure; the expectation that the Company can create long-term value through execution of its strategy; and the belief that its foundation for sustainable growth is now in place. Without limiting the generality of the foregoing, words such as "plan," "project," "potential," "seek," "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" are intended to identify forward-looking statements. Readers are cautioned that certain important factors may affect the Company's actual results and could cause such results to differ materially from any forward-looking statements that may be made in this press release. Factors that may affect the Company's results include, but are not limited to: the Company's planned level of revenues and capital expenditures; risks associated with the adequacy of existing cash resources; the demand for and market acceptance of our products; impact of competitive products and prices; product development, commercialization or technological difficulties; the success or failure of negotiations; trade, legal, social and economic risks; and political, economic and military instability in the Middle East, specifically in Israel. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's Annual Report on Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission ("SEC") on March 4, 2025, which is available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.Contact: investors@bren-energy.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/288252
Original: Brenmiller Energy CEO Avi Brenmiller Issues Letter to Shareholders
US Market News
4月前
As European Gas Prices Double, Brenmiller Energy Accelerates Clean Heat StrategyMarch 10, 2026 8:07 AM
NewsfileBrenmiller accelerates BNRG360 platform to deliver bundled power and heat to industrial customers, in response to fossil fuel market volatilityTel Aviv, Israel--(Newsfile Corp. - March 10, 2026) - Brenmiller Energy Ltd. (NASDAQ: BNRG) ("Brenmiller", "Brenmiller Energy" or the "Company"), a leading provider of thermal energy storage ("TES") solutions for industrial and utility applications, today announced the acceleration of its BNRG360 platform to deliver bundled power and heat to industrial customers.European natural gas prices have surged past €60 per megawatt-hour, more than doubling in two weeks as the Middle East conflict disrupts global energy supply routes. With Qatar's largest LNG export facility shut down and tanker traffic through the Strait of Hormuz at a near standstill, industrial operators across the European Union ("EU") are facing renewed pressure on energy costs and supply security.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12225/287933_whatsapp_image_2025-12-19_at_09_58_27_550.jpgAgainst this backdrop, Brenmiller Energy, a TES company focused on industrial electrification, is accelerating its BNRG360 integrated energy strategy as part of the Company's broader plan to expand from heat supply to bundled solutions, combining heat and electricity and to deliver integrated energy services to industrial customers using renewable generation and storage solutions.The current crisis marks the second major gas supply shock to hit Europe in three years, following Russia's 2022 invasion of Ukraine. European industries, which pay two to three times more for energy than their American competitors according to the European Steel Association (EUROFER), and up to five times more for natural gas, face a structural challenge that temporary supply fixes cannot resolve. EU underground gas storage currently sits at around 30% of capacity, and initiatives to decouple the EU from imported fossil fuels have gained renewed urgency.Brenmiller's approach potentially offers an alternative path. The Company's BNRG360 platform aims to provide a comprehensive suite of solutions built around its patented bGen TES system, integrating renewable generation and battery storage to enable industrial clients to access clean, affordable energy shielded from fossil fuel price swings. Rather than purchasing volatile fossil fuels, industrial operators will be able to receive electricity, heat and steam as a service under long-term agreements.The structure is designed to potentially generate diversified revenue streams, including power purchase agreements, grid balancing services and direct industrial offtake. Brenmiller intends for this approach, combining ownership of generation assets with long-term industrial offtake agreements, to serve as a replicable model across additional European markets."We believe that the EU has an alternative to fossil fuel dependency, and the technology exists today to implement it," said Avi Brenmiller, Chief Executive Officer and Co-Founder of Brenmiller Energy. "We can take abundant renewable resources like solar, combine them with storage technologies, with the aim of producing an energy supply that is cleaner, cheaper and permanently hedged against price shocks. The current crisis could be a catalyst for industrial operators and policymakers to invest in this transition, not a reason to double down on the same vulnerable supply chains."The shift is already underway. Between 2019 and 2024, EU countries installed enough wind and solar capacity to avoid burning 92 billion cubic meters of gas and 55 million tons of coal, according to energy think tank Agora Energiewende. Despite this progress, the EU remains exposed to supply disruptions, as the current conflict has demonstrated.Brenmiller Energy's bGen system stores electricity as heat in crushed rocks, which can then be dispatched as steam, hot water, or hot air on demand. The technology has been tested for more than a decade and is deployed at industrial sites, including a large-scale boiler replacement project for Tempo Beverages Ltd., in Israel, currently in commissioning. About Brenmiller EnergyBrenmiller Energy Ltd. (NASDAQ: BNRG) is a clean energy technology company focused on delivering industrial-scale renewable power and heat solutions. The company's patented bGen thermal energy storage technology provides dispatchable, flexible and cost-competitive energy solutions that help industrial customers and grid operators decouple from fossil fuel volatility. Through its BNRG360 platform, Brenmiller delivers bundled energy services combining renewable power generation, thermal energy storage and energy management under long-term service agreements.Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, the Company is using forward-looking statements when discussing: acceleration of the BNRG360 platform to deliver bundled power and heat to industrial customers, expansion from heat supply to bundled heat and electricity solutions, that BNRG360 platform aims to integrate renewable generation and storage technologies, that industrial customers will be able to receive electricity, heat and steam as a service under long-term agreements, that the BNRG360 structure is designed to potentially generate diversified revenue streams, that the Company intends to replicate this model across additional European markets, that the Company's technology will produce cleaner, cheaper energy hedged against price shocks, and that the current energy crisis could accelerate industrial and policy investment in energy transition. Without limiting the generality of the foregoing, words such as "plan," "project," "potential," "seek," "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" are intended to identify forward-looking statements. Readers are cautioned that certain important factors may affect the Company's actual results and could cause such results to differ materially from any forward-looking statements that may be made in this press release. Factors that may affect the Company's results include, but are not limited to: the Company's planned level of revenues and capital expenditures; risks associated with the adequacy of existing cash resources; the demand for and market acceptance of our products; impact of competitive products and prices; product development, commercialization or technological difficulties; the success or failure of negotiations; trade, legal, social and economic risks; and political, economic and military instability in the Middle East, specifically in Israel. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's Annual Report on Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission ("SEC") on March 4, 2025, which is available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.Contact: investors@bren-energy.com To view the source version of this press release, please visit https://www.newsfilecorp.com/release/287933
Original: As European Gas Prices Double, Brenmiller Energy Accelerates Clean Heat Strategy
US Market News
4月前
Brenmiller Energy Completes Construction of its First Commercial Scale Boiler Replacement Project, Advancing 360BNRG StrategyMarch 2, 2026 8:00 AM
NewsfileTel Aviv, Israel--(Newsfile Corp. - March 2, 2026) - Brenmiller Energy Ltd. (NASDAQ: BNRG) (the "Company", "Brenmiller" or "Brenmiller Energy"), a global provider of thermal energy storage ("TES") solutions for industrial decarbonization, today announced the completion of construction of its flagship project for Tempo Beverages Ltd. ("Tempo"), and the initiation of start-up and commissioning of the 32 MWh bGen TES system.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12225/285821_3bcc090784a1c825_001full.jpgTempo represents a major commercial milestone for Brenmiller, marking the Company's first large scale industrial TES deployment designed to fully replace 100% of on-site fossil boiler-based steam production. Upon achieving successful commissioning and operational validation, the system is intended to enable the phased elimination of the site's existing fossil fuel boilers as the primary source of steam generation.With the completion of the mechanical and electrical installation of the 32MWh bGen TES system and the integration with the facility's steam network, the project is now beginning system charging, functional validation, steam output testing and operational optimization to verify readiness for full scale operation.Avi Brenmiller, Chairman and Chief Executive Officer of Brenmiller Energy, commented: "Tempo is designed to fully replace fossil fuel boilers as the primary steam source at an operating industrial facility. Replacing 100% of boiler capacity requires a different level of performance and accountability than supplementing it. Start-up and commissioning are about proving reliability and operational consistency under real industrial conditions. This is what enables scale."Tempo also serves as a strategic reference project within Brenmiller's 360BNRG framework. The Company's bGen™ technology, when integrated with renewable generation and energy optimization capabilities, enables a range of potential commercial structures, including the evaluation of opportunities to participate in asset ownership or long-term operating frameworks. This integrated approach is designed to provide comprehensive customer solutions, enhance financial structuring flexibility, and support the development of potential additional recurring revenue streams, subject to project specific considerations and market conditions.About the Tempo ProjectThe Tempo Project is Brenmiller's flagship industrial deployment and a major milestone in the Company's transition from technology development to scaled commercial execution.The project includes a 32-megawatt hour TES installation engineered to supply continuous industrial process steam and fully replace 100% of the site's fossil fuel boiler-based heat production following validation. The system is expected to eliminate approximately 6,200 tons of CO2 annually.Tempo represents the culmination of more than 15 years of technology development and is intended to serve as a full-scale industrial reference site and a validated template for repeatable global deployment of Brenmiller's TES solutions.About Brenmiller EnergyBrenmiller Energy (NASDAQ: BNRG) provides TES solutions that enable industrial and utility customers to decarbonize heat, improve energy flexibility, and integrate renewable electricity. The Company's bGen™ systems convert electricity into dispatchable industrial heat, supporting electrification and emissions reduction across a range of applications.Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, the Company is using forward-looking statements when discussing: the start-up and commissioning of the Tempo project, expected performance and operational validation, the timing and ability to replace fossil fuel boilers, expected emissions reductions, the Tempo project supporting the Company's transition towards recurring revenue generation, the Company's strategy and plans, including the 360BNRG strategy, that bGen™ technology may enable various commercial structures, and the Company's future potential additional recurring revenue streams. Without limiting the generality of the foregoing, words such as "plan," "project," "potential," "seek," "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" are intended to identify forward-looking statements. Readers are cautioned that certain important factors may affect the Company's actual results and could cause such results to differ materially from any forward-looking statements that may be made in this press release. Factors that may affect the Company's results include, but are not limited to: the Company's planned level of revenues and capital expenditures; risks associated with the adequacy of existing cash resources; the demand for and market acceptance of the Company's products; impact of competitive products and prices; product development, commercialization or technological difficulties; the success or failure of negotiations; trade, legal, social and economic risks; and political, economic and military instability in the Middle East, specifically in Israel. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's Annual Report on Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission ("SEC") on March 4, 2025, which is available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.Contact: investors@bren-energy.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/285821
Original: Brenmiller Energy Completes Construction of its First Commercial Scale Boiler Replacement Project, Advancing 360BNRG Strategy
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