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BNRG

Brenmiller Energy Ltd

https://www.bren-energy.com

Industry

Renewable Utilities

Brenmiller Energy Ltd. engages in development, production, marketing, and sale of thermal energy storage systems based on technology that enables heat storage at high temperatures in crushed volcanic rock. Its TES system dispatches thermal energy on demand in the form of steam, which can be saturated for industrial use, or in the form of a superheated steam, which can be used to activate steam turbines in utility scale projects. The company markets its proprietary TES system under the name bGen. Brenmiller Energy Ltd was incorporated in 2012 and is based in Rosh HaAyin, Israel.

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Brenmiller Energy has received a noncompliance notice from Nasdaq, indicating that the company is not meeting the exchange's listing requirements.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 8:10 pm

Brenmiller Energy Ltd. (NASDAQ: BNRG) has entered into a securities purchase agreement with an existing institutional investor to issue 1 million shares at $1.05 per share, raising approximately $1.05 million. The share price reflects a 52% premium to the closing price on August 2, 2024. The investor has the option to purchase an additional 1 million shares if the stock price reaches $2.50 within the next 12 months. The proceeds will be used for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 11:07 am

Brenmiller Energy Ltd. (NASDAQ: BNRG) is expanding its bGen™ thermal battery capabilities to include cooling solutions for AI data centers. This move is driven by the anticipated 160% increase in data center power demand by 2030. The company expects minimal investment to adapt its technology and sees significant financial opportunities, with current commercial opportunities valued at up to $500 million.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 12:36 pm

Brenmiller Energy CEO Avi Brenmiller issued a letter to shareholders highlighting the company's progress in the TES industry, including a $500 million project pipeline, a new Heat as a Service (HaaS) business model, and strategic partnerships in multiple countries. The company has raised $8.5 million in equity capital to support its growth.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:35 pm

Brenmiller Energy Ltd. (NASDAQ: BNRG) has signed a non-binding Memorandum of Understanding with Proactive Planet to distribute bGen™ Thermal Energy Storage systems in Alberta, Canada. The initial list of potential customers is valued at over $6 million and represents 60 MWh of TES capacity.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:40 pm

Brenmiller Energy shares are trading higher after the company announced that it moved into the construction phase of development at Tempo Beverages beverage production plant.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 4:18 pm

Brenmiller Energy has entered the construction phase of Tempo's beverage manufacturing plant, marking a significant milestone in their project timeline.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 12:46 pm

Shares of G-III Apparel Group (NASDAQ:GIII) fell 13.4% after reporting worse-than-expected quarterly sales. Other notable stock movements include Virax Biolabs (NASDAQ:VRAX) jumping 139.4%, American Oncology Network (NASDAQ:AONC) gaining 102%, and several other stocks experiencing significant gains or losses.

Portfolio Pulse from Avi Kapoor

June 06, 2024 | 5:39 pm

Brenmiller Energy shares are trading higher following the announcement of an exclusive distribution agreement with Rock Energy Storage to sell and distribute its bGen TES systems.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:47 pm

Brenmiller Energy and Rock Energy Storage have signed an exclusive 5-year distribution agreement to market, sell, and service Brenmiller's bGen thermal energy storage systems in the Northeast United States. The agreement includes cumulative projected sales milestones exceeding $150 million and is part of Brenmiller's $500 million project pipeline.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:46 pm

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