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Brenmiller Energy Ltd

Brenmiller Energy Ltd (BNRG)

0.8206
-0.01444
(-1.73%)
Closed October 13 3:00PM
0.8163
-0.0043
(-0.52%)
After Hours: 6:49PM

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Key stats and details

Current Price
0.8163
Bid
0.79
Ask
0.8499
Volume
65,156
0.8062 Day's Range 0.849
0.6016 52 Week Range 8.20
Market Cap
Previous Close
0.83504
Open
0.81
Last Trade Time
Financial Volume
US$ 53,772
VWAP
0.825279
Average Volume (3m)
5,792,111
Shares Outstanding
2,151,745
Dividend Yield
-
PE Ratio
-0.18
Earnings Per Share (EPS)
-4.48
Revenue
621k
Net Profit
-9.65M

About Brenmiller Energy Ltd

Brenmiller Energy Ltd is an Israel based company. It provides sustainable energy solutions to the distributed generation market. Brenmiller Energy Ltd is an Israel based company. It provides sustainable energy solutions to the distributed generation market.

Sector
Heating Eq,ex Elec,air Furnc
Industry
Electric Services
Headquarters
Rosh Haayin, Center, Isr
Founded
2022
Brenmiller Energy Ltd is listed in the Heating Eq,ex Elec,air Furnc sector of the NASDAQ with ticker BNRG. The last closing price for Brenmiller Energy was US$0.84. Over the last year, Brenmiller Energy shares have traded in a share price range of US$ 0.6016 to US$ 8.20.

Brenmiller Energy currently has 2,151,745 shares outstanding. The market capitalization of Brenmiller Energy is US$1.80 million. Brenmiller Energy has a price to earnings ratio (PE ratio) of -0.18.

BNRG Latest News

Brenmiller Energy Establishes Joint Venture in Europe to Scale bGen™ Technology Adoption Across Europe

Established in partnership with leading renewable energy developers Green Enesys and Viridi, Brenmiller Europe S.L., assumes responsibility for Brenmiller Energy Ltd. projects in major European...

Brenmiller Energy Further Fortifies Balance Sheet with $2 Million Raised from At-The-Market Equity Offering at $2.19 per Share

Company’s intention going forward is to not utilize the ATM facility under $3.00 per share Heat-as-a-Service (“HaaS”) projects with recurring revenues to be funded mainly using third-party...

Brenmiller Reports First Half 2024 Financial Results: Upcoming Catalysts Include Potential Milestones on Project Pipeline Representing Up-To $500 Million in Potential Value

Brenmiller entered a definitive agreement for a $1.05 million private placement priced at a 52% premium to market on August 2, 2024, with an existing institutional shareholder which will have...

Brenmiller to Deliver Low-Carbon Steam to One of Europe’s Largest Premium Pet Food Manufacturers

Brenmiller to build, own and operate a 30 MWh bGen™ ZERO system in Hungary. This is the first project through which Brenmiller will generate revenues from both selling heat as a service and...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.04636.012987012990.770.880.7531431820.81509062CS
4-0.1937-19.17821782181.011.210.7534682940.9725288CS
12-0.0437-5.081395348840.862.510.601657921111.43056592CS
26-1.4937-64.66233766232.313.270.601631108131.41931048CS
52-6.2737-88.48660084637.098.20.601615691071.44001564CS
156-51.1837-98.430192307752173.30.60167395163.30035104CS
260-51.1837-98.430192307752173.30.60167395163.30035104CS

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BNRG Discussion

View Posts
chumfm chumfm 4 weeks ago
Offering at 2.19 a share and here it sits at less than half.Hard to figure these things out sometimes.Good luck and good trading.
👍️0
Helter Skelter Helter Skelter 1 month ago
Nice day @ $BNRG 👉️ Brenmiller Energy Further Fortifies Balance Sheet with $2 Million Raised from At-The-Market Equity Offering at $2.19 per Share

September 09 2024 - 8:30AM Business Wire

• Company’s intention going forward is to not utilize the ATM facility under $3.00 per share

• Heat-as-a-Service (“HaaS”) projects with recurring revenues to be funded mainly using third-party project finance, not equity funding, with an aim to enhance shareholder value while simultaneously accelerating Company’s capacity to execute on a project pipeline potentially worth up to $500 million in value



Brenmiller Energy Ltd. (“Brenmiller”, “Brenmiller Energy” or the “Company”) (Nasdaq: BNRG), a leading global provider of thermal energy storage (“TES”) solutions for industrial and utility customers, today issued an update on its balance sheet and recent commercial developments.

On August 30, 2024, Brenmiller raised approximately $2.0 million in gross proceeds through its existing At-the-Market (“ATM”) equity offering facility with the sale of 914,000 ordinary shares at an average price per share of approximately $2.19. As a result, the Company now has 7,094,791 ordinary shares issued and outstanding. Since the beginning of 2024, the Company has raised approximately $10.8 million in gross proceeds. The Company also signed a definitive agreement for the sale of an additional 1,000,000 ordinary shares through a $1.05 million private placement equity investment priced at a 52% premium to market on August 2, 2024 from an existing institutional shareholder, the completion of which is subject to certain closing conditions.

"We are currently working hard to increase the Company's commercial opportunity pipeline with emphasis on HaaS projects, to convert these opportunities into commercial projects, and to improve our financial position by establishing effective financing solutions through equity and debt while continuing our commitment to operational excellence. I want to clearly point out that most of the HaaS projects in our pipeline, including our latest contract with Partner in Pet Food in Europe, will be funded through third-party project financing and will not require extraordinary project-level investment from Brenmiller," stated Brenmiller Chairman and Chief Executive Officer Avi Brenmiller.

Brenmiller Energy delivers low-carbon heat through direct technology sales and a HaaS model. The latter lowers energy transition costs for customers and allows Brenmiller to capture additional recurring revenues through participation in energy market programs.

About bGen™

bGen™, Brenmiller’s TES system, converts electricity into heat to power sustainable industrial processes at a price that is competitive with natural gas. The bGen™ charges by capturing low-cost electricity from renewables or the grid and stores it in crushed rocks. It then discharges steam, hot water or hot air on demand according to customer requirements. The bGen™ also supports the development of utility-scale renewables by providing critical flexibility and grid-balancing capabilities. bGen™ was named among TIME’s Best Inventions of 2023 in the Green Energy category.

$BNRG
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everton44 everton44 1 month ago
energy sector heating up!!!!!
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Surfacetite Surfacetite 1 month ago
2.19 offering price was sweet.
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Awl416 Awl416 1 month ago
Brenmiller Energy Further Fortifies Balance Sheet with $2 Million Raised from At-The-Market Equity Offering at $2.19 per Share
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Yo-Yo Yo-Yo 1 month ago
What happened here yesterday? Thought BNRG might at least close around $1.50 smh
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Surfacetite Surfacetite 1 month ago
Eat all the ask.

Let's get to $3
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glenn1919 glenn1919 1 month ago
BNRG............................https://stockcharts.com/h-sc/ui?s=BNRG&p=W&b=5&g=0&id=p86431144783
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Helter Skelter Helter Skelter 1 month ago
$BNRG +39% @ 1.71 bouncing well... 😺
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Helter Skelter Helter Skelter 1 month ago
$BNRG -32% @ 1.06 being punished for all that churn volume, JMO.



$BNRG
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A_Keen Greek_Eye A_Keen Greek_Eye 1 month ago
This party ended real quick after that halt
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Helter Skelter Helter Skelter 1 month ago
New HOD +289% @ 2.51...$BNRG
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Timing101 Timing101 1 month ago
$BNRG This is really a great company overall CEO was past CEO of Siemens, see link below. But today has been a crazy ride with Huge Volume and price action , with at three Halts on the upside. Lets see, so far so good.
https://www.businesswire.com/news/home/20240829595704/en
https://bren-energy.com/
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Helter Skelter Helter Skelter 1 month ago
$BNRG +226% @ 2.10, huge volume, halted...😺
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everton44 everton44 1 month ago
Thanks, looks like it can fly even more !
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glenn1919 glenn1919 1 month ago
BNRG,,,,,,,,,,,,,,,,,,,,,,,,https://stockcharts.com/h-sc/ui?s=BNRG&p=W&b=5&g=0&id=p86431144783
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Helter Skelter Helter Skelter 1 month ago
$BNRG flying on NEWS/volume 👉️ Brenmiller Reports First Half 2024 Financial Results: Upcoming Catalysts Include Potential Milestones on Project Pipeline Representing Up-To $500 Million in Potential Value
August 29 2024 - 4:15PM
Business Wire



Brenmiller entered a definitive agreement for a $1.05 million private placement priced at a 52% premium to market on August 2, 2024, with an existing institutional shareholder which will have the right to make a further investment an additional 1 million shares, in the event the Company’s ordinary shares close at or above $2.50 per share within the next 12 months

Projects currently in development and construction phases are expected to produce multiple recurring revenue streams
Expanding bGen™ into new application for cooling AI data centers with the development of a Cold Thermal Energy Storage solution, the bGen™ Cool

Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy” or the “Company”) (Nasdaq: BNRG), a leading global provider of thermal energy storage ("TES") solutions for industrial and utility markets, today reported financial results as of and for the six months ended June 30, 2024, in addition to operational and recent business development updates.

Management Commentary

“Our pioneering bGen™ thermal battery continues to support the growing and mostly unmet need for on-demand access to sustainable heat. We have built an impressive project pipeline, potentially worth up to $500 million in value, and our team is working tirelessly, day in and day out, to move this pipeline forward so that we can start delivering meaningful cost savings and emissions reductions for our customers as well as recurring revenues for our company and value for our shareholders,” said Brenmiller Chairman and Chief Executive Officer, Avi Brenmiller, “Among the proposals in our pipelines, several include negotiations with some of the world’s largest producers of consumer goods, including Fortune 500s. All of our potential contracts are in geographic markets with robust manufacturing sectors and where established regulations make our technology feasible and cost-competitive—or cheaper—with fossil fuels.”

“In an exciting new development, our team is exploring ways to expand our technology’s capabilities to deliver cold thermal energy storage (“CTES”) for artificial intelligence (“AI”) data centers. The rapid growth of AI computing and the funding-rich ecosystem around AI applications has created downstream decarbonization and financial opportunities that we believe can be met using CTES. We anticipate minimal investment is needed to adapt our bGen™ thermal battery for data center applications.”

“As we continue executing our current projects and increasing worldwide distribution through local partnerships, we expect our gigafactory to be fully operational by the end of 2024, with capacity to produce up to 4 GWh of bGen™ systems annually. We are very optimistic about market demand for our bGen™ TES technology and our ability to deliver throughout the remainder of 2024 and into the future.”

First Half 2024 and Recent Operational and Business Developments

HaaS Recurring Revenue Projects to Deliver Customer Savings and Reduce Greenhouse Gas Emissions

Brenmiller to build, own and operate a 30 MWh bGen™ ZERO system for one of Europe’s largest pet food manufacturers: On August 19, 2024, Brenmiller entered a 12-year Heat as a Service ("HaaS") agreement with Partner in Pet Food Hungaria KFT ("PPF"), one of Europe’s leading private label pet food producers. Brenmiller will deliver low-cost and low-carbon steam to PPF and be in a position to offer grid balancing services to the local transmission system operator. This is the first project through which Brenmiller will generate revenues from both selling heat as a service and offering balancing services to the local grid. Brenmiller’s bGen™ ZERO will take priority over PPF’s existing fossil fuel boilers, lowering the pet food manufacturer’s energy costs and carbon footprint by reducing gas use at its Hungarian factory by 25-30%. PPF will purchase steam from Brenmiller at a fixed rate.

bGen™ ZERO installation moves into construction phase at Heineken-backed beverage manufacturing plant for project estimated to save $7.5 million: Brenmiller will replace fossil fuel boilers with a 32 MWh bGen™ system at Tempo Beverages Ltd.’s (“Tempo”) beverage production plant in Netanya, Israel. Tempo will purchase steam from Brenmiller at a fixed rate through a HaaS contract. By eliminating the use of approximately 2,000 tons of heavy fuel each year, Brenmiller’s bGen™ is estimated to mitigate over 6,200 tons of carbon emissions annually and save Tempo an estimated $7.5 million over 15 years. Partially owned by Heineken International B.V., Tempo is one of Israel’s largest producers and distributors of beverages for brands including Heineken and Pepsi. The bGen™ TES system for Tempo will charge using a combination of roof-top solar and ultra-low-cost off-peak grid power. System assembly is expected to be completed by the end of 2024 and commissioned in May 2025.

$450,000 grant from Israel Innovation Authority propels $3.55 million agreement to supply clean electric heat to Wolfson Hospital: Brenmiller signed a 7-year definitive agreement to supply Israel’s Wolfson Hospital with electric heat. The project is valued at $3.55 million and Brenmiller will earn recurring revenues through a HaaS contract. A grant of approximately $450,000 from the Israel Innovation Authority is being used to help finance the project. Brenmiller’s bGen™ ZERO will replace Wolfson Hospital’s outdated diesel boilers, which are both costly and polluting. According to the Israeli Ministry of Finance, Brenmiller’s bGen™ ZERO will potentially save Wolfson Hospital up to $1.3 million in annual energy costs and reduce the hospital’s local carbon footprint by 3,900 tons per year.

Successfully handed over bGen™ system to the State University of New York (SUNY) at Purchase: Brenmiller completed all required system tests and operator training for its first U.S. bGen™ installation and handed the system over to SUNY Purchase. bGen™ is expected to eliminate approximately 550 metric tons of greenhouse gas emissions for SUNY annually.
Looking to Ramp Sales in North America Through Distribution Partnerships

U.S. distribution gets boost with 5-year $150 million sales milestone license agreement in the Northeast: Brenmiller signed an exclusive distribution agreement with Rock Energy Storage (“RES”). RES will sell and distribute bGen™ TES systems in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont, and New York. The definitive 5-year agreement includes cumulative projected sales milestones exceeding $150 million.

MOU with Proactive Planet to advance potential $6 million worth of projects in Alberta, Canada: A non-binding Memorandum of Understanding (“MoU”) was signed between Brenmiller and Proactive Planet, a renewable energy solutions provider based in Calgary, to distribute bGen™ TES systems to industrial companies and electric utilities in the province of Alberta, Canada. The agreement includes an initial list of potential customers with projects valued at over $6 million and represents potentially 60 MWh of TES capacity.
Awards

The European Investment Bank named Brenmiller an “Innovation Champion” at its EIB AdVenture Debt Summit.

Bloomberg New Energy Finance (“BNEF”) selected Brenmiller as a 2024 BNEF Pioneers Finalist for its innovative and commercial-ready approach to industrial decarbonization and ability to overcome key challenges on the path to achieving net zero.
Summary of Financial Results

Balance Sheet: As of June 30, 2024, Brenmiller had cash and cash equivalents and restricted deposits of $6.99 million, a net increase of $3.78 million from $3.21 million on December 31, 2023. This is attributable primarily to fundraising during the six months ended June 30, 2024 of approximately $7.97 million in net proceeds from the issuance of ordinary shares, pre-funded warrants and warrants. Total assets increased by 31% as of June 30, 2024, to $13.92 million, primarily due to a $3.78 million increase in cash and cash equivalents following the equity financings completed during the period. Total liabilities decreased by 4% to $7.39 million, primarily driven by a $324,000 reduction in operating lease liabilities. Shareholders' equity increased by 127% to $6.54 million, largely due to the equity financings completed during the period.

Income Statement: Operating loss narrowed for the six months ended June 30, 2024, to $5.38 million, compared to $5.42 million for the same period in 2023. Net loss narrowed by 70% to $1.58 million, down from $5.33 million in the prior year period, primarily driven by a $3.72 million increase in financial income, mainly resulting from a fair value adjustment of warrants.

Cash Flow Statement: Net cash used in operating activities for the six months ended June 30, 2024 was $3.86 million, which primarily reflects a net loss of $1.58 million and a non-cash adjustment of $2.46 million. The net increase in cash and cash equivalents and restricted deposits for the six months ended June 30, 2024 was $3.86 million compared to $366,000 in the prior year period.
Subsequent Events

On August 4, 2024, Brenmiller entered into a definitive securities purchase agreement with an existing institutional shareholder for a private placement of 1,000,000 ordinary shares, at a price of $1.05 per share, reflecting a 52% premium to the closing price for the Company’s ordinary shares on Nasdaq on August 2, 2024. The closing of the private placement is subject to certain conditions, including the Company obtaining consent from an existing lender. The investor will have the right to make a further investment for 1,000,000 additional ordinary shares (or ordinary share equivalents) in the event that the Company’s ordinary shares close at or above $2.50 per share within the next 12 months.

About bGen™

bGen™, Brenmiller’s TES system, converts electricity into heat to power sustainable industrial processes at a price that is competitive with natural gas. The bGen™ charges by capturing low-cost electricity from renewables or the grid and stores it in crushed rocks. It then discharges steam, hot water, or hot air on demand according to customer requirements. The bGen™ also supports the development of utility-scale renewables by providing critical flexibility and grid-balancing capabilities. bGen™ was named among TIME’s Best Inventions of 2023 in the Green Energy category.

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 (formerly Twitter) and LinkedIn.
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Zardiw Zardiw 1 month ago
$BNRG is #israeli. Every share drenched-in-Blood ...............

Z
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dinogreeves dinogreeves 1 month ago
WOK the next TOP possibly, 50-100 dollars barring volume continues all through next week.
🤥 1 ☠️ 1
everton44 everton44 1 month ago
sold at 1.49 and 1.50. great payday here!
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dinogreeves dinogreeves 1 month ago
WOK, will wake up big.
🤥 1 ☠️ 1
TheFinalCD TheFinalCD 1 month ago
BNRG HALTED UP ^^^ $BNRG 🤩 pic.twitter.com/IyvX4g4A0m— THE FINAL COUNTDOWN (@READY_2_PROFIT) August 30, 2024
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everton44 everton44 1 month ago
still strong here, 1.50 approaching
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everton44 everton44 1 month ago
forgot I had some of this, love this bounce, up 3 grand out of nowhere,
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glenn1919 glenn1919 1 month ago
BNRG...........................https://stockcharts.com/h-sc/ui?s=BNRG&p=W&b=5&g=0&id=p86431144783
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TheFinalCD TheFinalCD 1 month ago
1.63 retest of high on news $BNRG pop on this

Brenmiller Reports First Half 2024 Financial Results: Upcoming Catalysts Include Potential Milestones on Project Pipeline Representing Up-To $500 Million in Potential Value— AlertsAndNews (@AlertsAndNews) August 29, 2024
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Awl416 Awl416 1 month ago
Brenmiller Reports First Half 2024 Financial Results: Upcoming Catalysts Include Potential Milestones on Project Pipeline Representing Up-To $500 Million in Potential Value
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Triple nickle Triple nickle 1 month ago
Nice pop A/H 1.32
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Sauerkraut Sauerkraut 3 months ago
I'm already out. Small loss. Not looking back
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Master Stocktrader Master Stocktrader 3 months ago
Share performance is horrible. Hope they put out real PR with revenue.
I keep adding at lower prices.
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Sauerkraut Sauerkraut 3 months ago
Bought some more below .90. Now sit back and wait.
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Helter Skelter Helter Skelter 3 months ago
5,958,757 Ordinary Shares issued and outstanding as of July 3

6M OS x .91 current Price = Market Cap $5.54 million...way too cheap JMO

$BNRG

(a) The Reporting Person may be deemed to beneficially own 729,292 Ordinary Shares of the Issuer, which constitute 12.0% of the outstanding Ordinary Shares of the Issuer. The percentage is based on 5,958,757 Ordinary Shares issued and outstanding as of July 3, 2024 and 98,997 securities exercisable into ordinary shares within 60 days held by the Reporting Person. The Issuer has advised the Reporting Person the Ordinary Shares issued and outstanding as of July 3, 2024 includes, inter alia, Ordinary Shares issued (i) under the Issuer’s “at-the-market” offering, as defined in Rule 415(a)(4) promulgated under the Securities Act of 1933, as amended, and (ii) in connection with the exercise of certain pre-funded warrants to purchase Ordinary Shares held by an investor, both of which were effected since the Issuer’s most recently available filing with the SEC that contained the number of shares issued and outstanding.

(b) The Reporting Person has sole voting and dispositive power of 729,292 Ordinary Shares of the Issuer.

(c) The Reporting Person purchased an aggregate of 51,000 Ordinary Shares of the Issuer, effected in the open market on the Nasdaq Capital Market on July 3, 2024, for a total consideration of $49,980, or $0.98 per Ordinary Share.

https://ih.advfn.com/stock-market/NASDAQ/brenmiller-energy-BNRG/stock-news/94157755/form-sc-13d-a-general-statement-of-acquisition-o
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Sauerkraut Sauerkraut 4 months ago
Maybe bottom. Chart looks ok. Target 1.40 to 1.60. we'll see. Glty
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stock1ace1 stock1ace1 4 months ago
$.99 Cent special :D
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Sauerkraut Sauerkraut 4 months ago
Buying here @ $1
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Helter Skelter Helter Skelter 4 months ago
More $BNRG NEWS! 👉️ Brenmiller and Proactive Planet Partner to Distribute bGen™ Zero Thermal Energy Storage Systems in Canada

1.16 x 1.17

Sign Non-Binding Memorandum of Understanding to advance potential $6 million worth of
projects and scale access to low-carbon thermal energy in the province of Alberta, Canada

Rosh Ha’ayin, Israel, June 12, 2024 – Brenmiller Energy Ltd. (“Brenmiller”, “Brenmiller Energy” or the “Company”) (Nasdaq: BNRG), a leading global provider of thermal energy storage (“TES”) solutions, today announced that it has signed a non-binding Memorandum of Understanding (“MoU”) with Proactive Planet, a renewable energy solutions provider based in Calgary, to distribute bGen™ TES systems to industrial companies and electric utilities in the province of Alberta in Canada. The two companies have developed an initial list of potential customers valued at over $6 million and representing potentially 60 megawatt hours (MWh) of TES capacity.

The MoU aims to expand and accelerate the rollout of Brenmiller’s bGen™ TES technology through equipment sales. Under its terms, a prospective 3-year definitive agreement would include projected sales milestones based on the companies’ pipeline.

“Canada is a strategic North American market for Brenmiller and we are eager to partner with Proactive Planet to grow bGen™ sales in Canada,” said Avi Brenmiller, chairman and CEO of Brenmiller Energy. “Our combined teams see numerous immediate and long-term opportunities for thermal energy storage to help industrial and energy companies in the region play a leading role in Canadian efforts to reach net-zero emissions by 2050.”

Founded and led by Jason Atkinson, Proactive Planet’s mission is to help clients lower their carbon footprint by utilizing bespoke combinations of renewable energy solutions. Jason has been heading up large-scale renewable energy projects throughout Western Canada since 2009.

Over 70 MWh of Brenmiller’s bGen™ TES systems are in operation or under construction worldwide. In the Americas, Brenmiller has already deployed projects in Brazil and the United States. The Company also recently announced a $500 million project pipeline, with potential contracts spanning 13 countries including Canada, the United States, Spain, Hungary, Israel, and India.

About bGen™

bGen™, Brenmiller’s TES system, converts electricity into heat to power sustainable industrial processes at a price that is competitive with natural gas. The bGen™ charges by capturing low-cost electricity from renewables or the grid and stores it in crushed rocks. It then discharges steam, hot water or hot air on demand according to customer requirements. The bGen™ also supports the development of utility-scale renewables by providing critical flexibility and grid-balancing capabilities. bGen™ was named among TIME’s Best Inventions of 2023 in the Green Energy category.

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 (formerly Twitter) and LinkedIn.

$BNRG



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: the terms of a definitive agreement based on the signed non-binding MOU with Proactive Planet, including the conclusion of a definitive distribution agreement with Proactive Planet, that Proactive Planet will be the exclusive distributor of Brenmiller’s bGen™ TES technology throughout Alberta, Canada, potential projects reviewed by Brenmiller and Proactive Planet in Alberta, valued at over $6 million and representing potentially 60 MWh of zero-emission heat, the opportunities for thermal energy storage to help advance Canada’s goal to achieve net-zero emissions by 2050, and the Company’s $500 million pipeline in potential contracts across 13 countries including Canada, the United States, Spain, Hungary, Israel and India. 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, 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.

Media Contact:
Tori Bentkover
brenmillerenergy@antennagroup.com
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stock1ace1 stock1ace1 4 months ago
And back down it goes :)
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stock1ace1 stock1ace1 4 months ago
Yup easy $$ bnrg
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Helter Skelter Helter Skelter 4 months ago
$BNRG 1.16 x 1.17 NEWS 👉️ Brenmiller Begins bGen™ ZERO Construction at Tempo’s Beverage Manufacturing Plant

June 10 2024 - 8:45AM
Business Wire

🔹 Brenmiller expected to break ground on highly anticipated electrification project for Tempo, Heineken-backed beverage manufacturer
🔹 Brenmiller will replace Tempo’s fossil fuel boilers with 32 MWh bGen™ TES system to deliver sustainable process heat
🔹 Brenmiller’s bGen™ TES system estimated to mitigate over 6,200 tons of carbon emissions annually and save Tempo an estimated $7.5 million over 15 years by eliminating the use of approximately 2,000 tons of heavy fuel each year

Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy” or the “Company”) (Nasdaq: BNRG), a leading global provider of thermal energy storage ("TES") solutions to industrial and utility markets, today announced that it has moved into the construction phase of development at Tempo Beverages Ltd.’s (“Tempo”) beverage production plant in Netanya, Israel, with plans to begin on-site assembly by the end of September 2024. Brenmiller is replacing Tempo’s fossil fuel boilers with a 32 MWh bGen™ TES system and will deliver sustainable process heat through an Energy as a Service (EaaS) model. Tempo is partially owned by Heineken International B.V. and is one of Israel’s largest producers and distributors of beverages for brands including Heineken and Pepsi.

Brenmiller’s bGen™ TES system for Tempo will charge using a combination of roof-top solar and ultra-low-cost off-peak grid power. The system is being configured to meet the beverage manufacturer’s precise operational needs and the final system design is expected to be completed by the end of July 2024. Brenmiller has started procuring the necessary components to manufacture Tempo’s bGen™ system and all system manufacturing will be completed at Brenmiller’s TES gigafactory in Dimona, Israel. System assembly is expected to be completed by the end of 2024 and commissioned in May 2025.

“We are pleased to report that our project to replace Tempo’s polluting heavy oil boilers with our bGen™ thermal battery is progressing according to schedule and is on-track to be commissioned less than a year from now,” stated Brenmiller’s Chairman and CEO, Avi Brenmiller. “The food and beverage industry is one of the top global consumers of thermal energy. Our project with Tempo serves as a great model for how our bGen™ TES system can benefit other food and beverage producers, a sector from which we are seeing strong demand.”

Approximately 15% of Brenmiller’s $500 million-plus project pipeline is with food and beverage manufacturers, representing its largest industry vertical by project count. The Company’s Dimona gigafactory has the production capacity to support potential sales of up to $200 million.

About bGen™

bGen™, Brenmiller’s TES system, converts electricity into heat to power sustainable industrial processes at a price that is competitive with natural gas. The bGen™ charges by capturing low-cost electricity from renewables or the grid and stores it in crushed rocks. It then discharges steam, hot water or hot air on demand according to customer requirements. The bGen™ also supports the development of utility-scale renewables by providing critical flexibility and grid-balancing capabilities. bGen™ was named among TIME’s Best Inventions of 2023 in the Green Energy category.

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 (formerly Twitter) and LinkedIn. Information on, or accessible through, the websites mentioned above does not form part of this press release.

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stock1ace1 stock1ace1 4 months ago
.99 cents
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cityimport cityimport 4 months ago
I AM HEAVILY SHORTING THE HELL OUT OF THIS POS ...
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Swampy83 Swampy83 4 months ago
Sure it does... for shorts
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Swampy83 Swampy83 4 months ago
Ouch.
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Helter Skelter Helter Skelter 4 months ago
It appears...some clown missed the memo in Israel (or the US, and was apparently sleeping) and missed the initial run up (in premarket) and dump-on-news...so they ran her up again in afterhours so the clown could dump...to one of his buds...JMO
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shurtha2000 shurtha2000 4 months ago
Hmmm..
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Helter Skelter Helter Skelter 4 months ago
1.33 x 1.34 in overtime... 😺 $BNRG
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Helter Skelter Helter Skelter 4 months ago
🔴😼🔴
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Helter Skelter Helter Skelter 4 months ago
One would think that this "performance" would piss off the officers @ HQ...even if the apparent dilution is from friends/funders...let the damn thing breathe...unless shorts rule this roost...could close red on what looked like great news...😼
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Helter Skelter Helter Skelter 4 months ago
Double tap the "1.10 gap"...???
Prefunded warrants?
OS was aroud 3M, I believe...

$BNRG 1.12 x 1.13
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Helter Skelter Helter Skelter 4 months ago
Well, they closed the supposed gap @ 1.10 for whatever reason, maybe time to move up if there isn't a "shorting issue"...JMO

$BNRG 1.15 x 1.16

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