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Brenmiller Energy Issues Business Update Highlighting Commercial Breakthrough, First TES Revenue and BNRG360 Growth Strategy
TMX Newsfile· 2026-03-25 20:10
Delivered 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 accel ...
Brenmiller Energy Highlights McKinsey Analysis Pointing to a Potential 16 Billion Euro European Market Opportunity for Thermal Energy Storage
TMX Newsfile· 2026-03-20 12:00
Rosh 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 electrificat ...
As European Gas Prices Double, Brenmiller Energy Accelerates Clean Heat Strategy
TMX Newsfile· 2026-03-10 12:07
Tel 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 en ...
Brenmiller Energy Provides Tempo Project Operational Update
Accessnewswire· 2026-02-04 13:02
Electrical Works Completed; Commissioning Expected to Begin Mid-February TEL AVIV, IL / ACCESS Newswire / February 4, 2026 / Brenmiller Energy Ltd. (NASDAQ:BNRG) ("Brenmiller", "Brenmiller Energy" or the "Company"), a provider of thermal energy storage ("TES") solutions for industrial and utility customers, today provided an operational update on its flagship project for Tempo Beverages Ltd. ...
Morning Market Movers: MRNO, FLGC, KUST, AIMD See Big Swings
RTTNews· 2026-01-28 12:31
Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Murano Global Investments Plc (MRNO) is up 146% at $3.35 [3] - Kustom Entertainment, Inc. (KUST) is up 34% at $2.84 [3] - Ainos, Inc. (AIMD) is up 34% at $2.32 [3] - Stride, Inc. (LRN) is up 29% at $94.10 [3] - Shuttle Pharmaceuticals Holdings, Inc. (SHPH) is up 18% at $2.40 [3] - Battalion Oil Corporation (BATL) is up 16% at $3.83 [3] - C3.ai, Inc. (AI) is up 15% at $14.58 [3] - Lantronix, Inc. (LTRX) is up 14% at $7.87 [3] - Nextpower Inc. (NXT) is up 13% at $120.00 [3] - High Roller Technologies, Inc. (ROLR) is up 7% at $7.56 [3] Premarket Losers - Flora Growth Corp. (FLGC) is down 34% at $7.20 [4] - TEN Holdings, Inc. (XHLD) is down 29% at $2.47 [4] - Global Interactive Technologies, Inc. (GITS) is down 22% at $3.25 [4] - 5E Advanced Materials, Inc. (FEAM) is down 15% at $2.70 [4] - Vyome Holdings, Inc. (HIND) is down 14% at $2.79 [4] - Altimmune, Inc. (ALT) is down 11% at $5.48 [4] - BiomX Inc. (PHGE) is down 10% at $6.22 [4] - Qorvo, Inc. (QRVO) is down 9% at $74.94 [4] - Nuwellis, Inc. (NUWE) is down 9% at $3.45 [4] - Brenmiller Energy Ltd (BNRG) is down 9% at $2.90 [4]
Brenmiller Energy Founder & CEO Avi Brenmiller Wins Merage Industry Leader Award
Accessnewswire· 2026-01-09 13:30
Core Viewpoint - Brenmiller Energy Ltd. has been recognized for its leadership in the clean-energy sector, particularly through the achievement of a significant clean-energy exit and its long-term impact on the industry [1] Company Summary - Brenmiller Energy is a leading global provider of Thermal Energy Storage (TES) solutions aimed at industrial and utility customers [1] - Avi Brenmiller, the Founder and CEO of Brenmiller Energy, received the Merage DeserTech Industry Leader Award for his contributions to the clean-energy field [1]
Brenmiller's bGen ZERO TES Wins POWER's 2025 Commercial & Industrial Generation Award
Accessnewswire· 2025-11-03 13:30
Core Insights - Brenmiller Energy Ltd. has received multiple recent recognitions for its bGen ZERO technology, including a Gold award in the Energy Storage and Management category from the Edison Awards and being named one of TIME magazine's Best Inventions of 2023 in the Green Energy Category [1] Company Achievements - The bGen ZERO technology, utilized in the State University of New York (SUNY) Purchase campus project, has won the POWER 2025 Commercial & Industrial Generation Award [1]
Brenmiller Energy(BNRG) - 2025 Q2 - Quarterly Report
2025-09-30 13:30
Financial Performance - Total revenues for the six months ended June 30, 2025, were $387,000, compared to $0 for the same period in 2024[11] - Operating loss for the six months ended June 30, 2025, was $6,572,000, an increase from a loss of $5,375,000 in 2024[11] - Net loss for the six months ended June 30, 2025, was $7,454,000, compared to a net loss of $1,581,000 in 2024, reflecting a significant increase in losses[11] - Basic and diluted loss per ordinary share for the six months ended June 30, 2025, was $(3.79), compared to $(2.25) for the same period in 2024[66] Cash Flow and Liquidity - Cash and cash equivalents decreased to $2,127,000 as of June 30, 2025, down from $4,101,000 at the end of 2024[4] - Cash used in operating activities for the six months ended June 30, 2025, was $5,266,000, compared to $3,864,000 in 2024, reflecting higher operational costs[19] - The company expects to continue incurring losses and negative cash flows until its products reach profitability[28] Assets and Liabilities - Total assets decreased to $9,340,000 as of June 30, 2025, from $11,914,000 at December 31, 2024[4] - Total liabilities increased to $8,147,000 as of June 30, 2025, compared to $7,428,000 at December 31, 2024[7] - Shareholders' equity decreased to $1,193,000 as of June 30, 2025, down from $4,486,000 at the end of 2024[7] Research and Development - Research and development expenses for the six months ended June 30, 2025, were $2,411,000, compared to $1,808,000 in 2024, indicating increased investment in innovation[11] - Research and development expenses increased to $2,411 thousand for the six months ended June 30, 2025, from $1,808 thousand in the same period of 2024, representing a 33% increase[59] Share Issuance and Equity - The company issued 1,061,250 shares during the six months ended June 30, 2025, raising $3,348,000 net of issuance costs[14] - The company has issued 599,711 ordinary shares for a total net consideration of approximately $2,127 thousand during the first half of 2025[45] - The company has a total of 1,965,475 ordinary shares outstanding as of June 30, 2025, reflecting a significant increase in the weighted average number of shares compared to 588,276 in the same period of 2024[66] Operational Developments - The company commenced operations of a new production line in late 2024, facilitating the shift to commercial operations and began producing thermal energy storage systems under sale type lease agreements with two Israeli customers[28] - A joint venture in Spain was established in the second half of 2024, commencing non-significant operations in the first quarter of 2025[26] - The Company has signed a system purchase agreement with Baran Energy for the operational launch of two bGen™ ZERO TES systems, with total milestone payments of $2.8 million during construction and commissioning phases[74] - The Company will retain all intellectual property related to the bGen™ ZERO systems and will continue to provide operations and maintenance services[74] Expenses - General and administrative expenses decreased to $2,075 thousand for the six months ended June 30, 2025, from $2,313 thousand in the same period of 2024, a reduction of 10%[61] - Total share-based compensation expenses for the six months ended June 30, 2025, amounted to $513 thousand, a decrease of 44% from $915 thousand in the same period of 2024[58] - The company recognized $1,855 thousand in cost of revenues for the six months ended June 30, 2025, compared to $408 thousand in the same period of 2024, indicating increased operational costs[58] Financing Activities - Brenmiller Energy Ltd. has taken steps to secure long-term financing, including a Securities Purchase Agreement with Alpha, to support ongoing commercialization efforts[30] - The company entered into a Securities Purchase Agreement with Alpha Capital Anstalt to issue up to $25 million in securities, with an initial closing amount of $1.395 million[70] Currency and Accounting - The company changed its functional currency to the U.S. dollar effective January 1, 2024, from the New Israel Shekel[33] - Current expected credit loss expense was $0 thousand for the six-month period ended June 30, 2025, compared to $289 thousand for the same period in 2024[36] Inventory - The total inventory as of June 30, 2025, was $1,237 thousand, down from $1,568 thousand as of December 31, 2024[43] Unrecognized Expenses - As of June 30, 2025, there is an unrecognized share-based compensation expense of $96 thousand to be recognized over an average remaining vesting period of 1.3 years[50]
Brenmiller Reports First Half 2025 Financial Results, Operational Updates, and Upcoming Catalysts
Accessnewswire· 2025-09-30 13:15
Core Insights - The company projects revenues of $1.7 million for 2026 based on execution milestones for the Tempo project [1] - A Systems Purchase Agreement has been signed with Baran Energy for the Tempo and Wolfson projects, which includes milestone-based payments, profit sharing, and service revenues [1] - Brenmiller has deployed 103 MWh in cumulative projects and has a robust global pipeline of commercial opportunities valued at $500 million [1] - The company signed a private placement agreement for up to $25 million in equity financing to support growth [1] Financial Performance - The financial results reported are for the six months ended June 30, 2025 [1] - The company is recognized as a leading global provider of Thermal Energy Storage (TES) solutions for industrial and utility customers [1]
Brenmiller Signs System Purchase Agreement with Baran Energy for bGen ZERO Systems at Tempo Beverages and Wolfson Medical Center
Accessnewswire· 2025-09-29 20:05
Core Insights - Brenmiller Energy Ltd. is set to receive milestone-based payments for the sale of bGen systems, along with profit sharing from future income generated from these projects and revenue from maintenance and operations services [1] - This transaction provides a non-dilutive capital injection, aligning with Brenmiller's capital-efficient growth strategy and enabling the advancement of its global project pipeline, which is valued at over $500 million [1] - The milestone signifies a significant evolution in the relationship between Brenmiller and Baran Energy Ltd., following the signing of a strategic collaboration agreement in February 2025 [1] Company Overview - Brenmiller Energy Ltd. is recognized as a leading global provider of Thermal Energy Storage (TES) solutions, catering to industrial and utility customers [1] - The collaboration with Baran Energy Ltd. marks a strategic partnership aimed at enhancing operational capabilities and expanding market reach [1]