Nir Brenmiller, COO of Brenmiller Energy, will
present live at the Emerging Growth Conference on Tuesday, February
18, 2025, at 10:15 AM EST.
Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy" or the
"Company") (Nasdaq: BNRG), a leading global energy provider of
thermal energy storage ("TES") solutions to industrial and utility
markets, is proud to provide key Company insights and
accomplishments ahead of planned 2025 industry conference
attendances, including at the Emerging Growth Conference on
February 18, 2025, at 10:15 AM EST. Register for this live event
HERE.
Brenmiller Energy is entering 2025 with an unprecedented surge
in demand for its bGen™ ZERO TES technology, a pipeline of
commercial opportunities valued at over $440 million, and the
infrastructure to transform industrial heat consumption. The
Company’s manufacturing capacity, strategic partnerships and
commercial deployments provide a strong foundation for accelerated
growth in 2025 and position it to play a key role in the TES
market.
Market Penetration and Strategic Partnerships Driving
Growth
Over 50% of Brenmiller's commercial pipeline originates in
Europe, where demand for lower and more predictable energy prices
remains an urgent priority. The Company's diversified business
model—offering both direct technology sales and Heat as a Service
(“HaaS”)—enhances its ability to capitalize on evolving energy
market dynamics.
The formation of Brenmiller Europe S.L., a joint venture with
renewable energy developers Green Enesys and Viridi, is expected to
drive rapid adoption across the continent. One notable project
includes a 30 MWh bGen™ ZERO system for Partner in Pet Food
Hungaria KFT (PPF), one of Europe’s largest private-label pet food
manufacturers. This system is expected to reduce PPF’s gas
consumption by up to 30%, significantly cutting energy costs and
emissions while generating recurring revenue for Brenmiller under a
12-year Heat as a Service (HaaS) agreement. In Germany, a
partnership with Entelios AG positions Brenmiller to capture a
share of the country’s projected $2.9 billion TES market by
2028.
Beyond Europe, Brenmiller's collaboration with Tempo, a major
beverage producer partly owned by Heineken International B.V.,
signals further momentum for clean industry. The 32 MWh bGen™ ZERO
system will replace Tempo’s fossil fuel boilers; it is projected to
save the manufacturer over $7.5 million in energy costs over 15
years and cut carbon emissions by 6,200 tons annually. Additional
agreements, such as Brenmiller’s $3.55 million project with Wolfson
Hospital, further demonstrate the Company’s expanding footprint and
demand for its technology.
Brenmiller’s manufacturing agreement with TUTCO Heating
Solutions Group, a subsidiary of a £5.6 billion industrial
technology leader, also ensures a robust supply chain and enhances
production capabilities. This operational scale-up positions and,
as importantly, enables Brenmiller to potentially serve Fortune 500
companies and large-scale industrial clients looking to integrate
TES for cost savings and efficiency.
In North America, Brenmiller's exclusive distribution agreement
with Rock Energy Storage has accelerated its expansion into the
U.S. market. Since mid-2024, the companies have increased their
commercial pipeline from $150 million to over $210 million, with
multiple commercial opportunities in advanced stages of
development.
Targeting 2025 Opportunities for TES and Industrial
Electrification
Industry projections from Energy Storage News show that energy
storage is set to grow at a 23% compound annual growth rate
(“CAGR”) through 2030, fueled by favorable incentives and grid
modernization efforts. With geopolitical shifts emphasizing energy
independence, and a continued focus on sustainability in most of
the world, Brenmiller is uniquely positioned to capitalize on:
- A diversified global presence, reducing market risk and
opening revenue streams across multiple regions;
- Commercial-scale rollout of bGen™ ZERO to serve
increasing global TES adoption
- Performance-based revenue models that ensure financial
scalability and create additional income streams;
- ESG tailwinds in key global markets are strengthened as
industries accelerate clean energy adoption to meet tightening
regulations;
- Strategic capital allocation that leverages
institutional confidence and project-based financing to fuel
expansion.
- Expanding Market Reach with bGen ZTO
Brenmiller recently unveiled the bGen ZERO Thermal Oil™ (bGen
ZTO), a revolutionary TES system designed to electrify industrial
thermal oil applications. Set for commercial availability in 2026,
bGen ZTO addresses an $8 billion market opportunity, targeting
industries such as pharmaceuticals, chemicals, petrochemicals, and
food processing—sectors that predominantly rely on fossil
fuel-powered thermal oil heating.
By delivering nearly 100% cycle efficiency with minimal
maintenance requirements, bGen ZTO would offer industrial customers
a zero-emissions alternative to conventional fossil fuel heating
systems. The Company has already identified eight commercial
projects worth approximately $170 million, indicating strong early
demand for this innovation.
Positioned for Long-Term Success
As global markets seek to transition away from fossil fuels,
Brenmiller is emerging as a leader in reliable solutions for clean
industry. Its cutting-edge bGen™ technology, growing global
footprint, and strategic partnerships reinforce its potential to
drive sustainable industrial electrification worldwide. With a
strong commercial pipeline and expanding revenue streams,
Brenmiller believes it is positioned for sustained growth and
long-term shareholder value creation.
About Brenmiller Energy Ltd. Brenmiller Energy helps
energy-intensive industries and power producers end their reliance
on fossil fuel boilers. Brenmiller’s patented bGen™ 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 in this press release when it discusses:
future demand of the Company’s bGen™ ZERO TES technology; the
Company’s pipeline of commercial opportunities valued at over $440
million; the Company’s ability to deliver up to 4 GWh of TES
annually; the Company’s future global footprint and its ability to
play a key role in the TES market, the Company’s predicted
accelerated growth in 2025; the Company’s ability to capitalize on
evolving energy market dynamics; the benefits that the Company’s
technology will produce for its customers; the Company’s ability to
capture a share of the Germany’s projected $2.9 billion TES market
by 2028; the Company’s future business opportunities in 2025; the
commercialization of bGen ZTO by 2026 and its estimated addressable
market and benefits; the Company’s position as a leader in
affordable and reliable solutions for clean industry; and its
ability to create future growth and long-term shareholder value.
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 crucial 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. The Company may not ultimately reach any
definitive agreements related to bGen ZTO and the projects in the
Company’s commercial pipeline may not occur. 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, 2023 filed with the SEC
on March 18, 2024, 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250214866260/en/
Media: Tori Bentkover
brenmillerenergy@antennagroup.com
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