Nir Brenmiller, COO of Brenmiller Energy, will present live at the Emerging Growth Conference on Tuesday, February 18, 2025, at 10:15 AM EST.
TEL AVIV, Israel, February 14, 2025—(BUSINESS WIRE)—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
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.
