Latest news with #Brenmiller
Miami Herald
4 days ago
- Business
- Miami Herald
Brenmiller Energy CEO Provides Update On Milestones Powering Progress
ROSH HA'AYIN, IL / ACCESS Newswire / June 5, 2025 / 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 a shareholder update from its Chairman and Chief Executive Officer, Avi Brenmiller. Dear Brenmiller Energy Investors, I want to take a moment to share meaningful updates from across our Company-developments that reflect both execution in the present and strategic positioning for the future. Most notably, that the European Hydrogen Bank has granted SolWinHy Cádiz S.L. (the "SolWinHy Project") in Arcos de la Frontera, Spain, €25 million in funding. SolWinHy is a special purpose company jointly owned by leading renewable energy developers Green Enesys Group ("Green Enesys") and Viridi RE ("Viridi") to build new green hydrogen and green e-methanol projects in Europe. Green Enesys and Viridi are Brenmiller's joint venture partners in Brenmiller Europe S.L. ("Brenmiller Europe"). We estimate our supply of the bGen™ TES system for the SolWinHy Project to be approximately €7 million. We believe that our involvement with the SolWinHy Project reinforces the strength of our bGen™ technology and our role in enabling renewable fuel production at scale. It's a major milestone and a testament to the commercial scale of our thermal energy storage solutions. Looking ahead, we're also preparing to accrue the next milestone in our project with Tempo Beverages Ltd. ("Tempo") in July 2025. This project represents a powerful application of our bGen™ system, delivering behind-the-meter energy savings in a commercial manufacturing environment. We believe the market will recognize the value of this milestone-not just for what it proves technically, but for what it unlocks strategically. Beyond this, we're seeing a new opportunity emerge that could define the next phase of our growth: nuclear energy as the solution for AI and data centers that are expected to create a surge in energy demand. At the end of May, CNBC reported that some countries in Europe are beginning to re-embrace nuclear power as a means of boosting energy independence and decarbonizing at scale. Denmark is even rethinking its 40-year nuclear ban. This shift creates a unique opening for our technology. Nuclear reactors, while reliable for baseload generation, lack the flexibility to meet dynamic grid demands-precisely the gap our thermal storage was designed to fill. The U.S. is following suit. New executive orders from the Trump Administration have fast-tracked small modular reactors (SMRs) and aim to significantly reform the U.S. nuclear industry. That conviction was echoed again just days ago when Meta signed a 20-year agreement with Constellation Energy to purchase 1.1 gigawatts of nuclear power from the Clinton Clean Energy Center in Illinois. Without Meta's commitment, the plant faced premature closure. Now, not only will the site remain operational, it will expand. This is more than a high-profile energy deal, we believe that it is an indication that nuclear power is being called upon to fuel the next generation of computing and AI infrastructure-but it can't do it alone. It needs flexibility. It needs storage. It needs solutions like ours. We believe that our TES technology is uniquely suited to complement nuclear by enabling load-following capabilities, balancing output, and enhancing overall grid responsiveness. As the demand curve changes and data center operators push for 24/7 clean energy with real-time control, we believe our technology becomes not just valuable-but essential. Further, we believe our system, as configured for ENEL at its combined cycle power plant in Santa Barbara, Italy, is already a near-perfect fit for this application, positioning Brenmiller to be part of this nuclear resurgence. We also recognize the broader market environment remains volatile, especially for small-cap companies. We're taking action accordingly: tightening costs, streamlining operations across our subsidiaries, and staying focused on efficiency. These moves aren't just defensive-they're strategic steps to strengthen our core and prepare for scalable growth. In parallel, we're actively exploring near-term opportunities to enhance value creation-this includes unlocking potential licensing revenues with our IP portfolio. To those of you who've stayed with us: thank you. Your continued trust fuels our determination. We're executing with clarity and focus-and the momentum building behind clean hydrogen, flexible nuclear applications, and on-site industrial energy savings only adds to our conviction. Sincerely, Avi Brenmiller, CEOBrenmiller Energy Ltd. About Brenmiller Energy Ltd. Brenmiller Energy helps energy-intensive industries and power producers end their reliance on fossil fuel boilers. Brenmiller's patented bGen™ ZERO 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 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 when discussing: the Company's estimated amount for its supply of the bGen™ TES system for the SolWinHy project; that a new opportunity is emerging in nuclear energy, which could define the next phase of growth for the Company and that the Company's TES technology is uniquely suited to complement nuclear by enabling load-following capabilities, balancing output, and enhancing overall grid responsiveness; that the Company's TES system is positioned to be part of a nuclear resurgence; that the Company is preparing to reach the next milestone in the Tempo project in July, which will have both technical and strategic value; that the cost-cutting and operational streamlining efforts are strategic steps that will strengthen the Company's core and prepare for scalable growth; and that the Company is exploring near-term opportunities to enhance value creation, including potential licensing revenues of its IP portfolio. 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, 2024 filed with the U.S. Securities and Exchange Commission ("SEC") on March 4, 2025, which is available on the SEC's website, 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: investors@ SOURCE: Brenmiller Energy
Indianapolis Star
4 days ago
- Business
- Indianapolis Star
Brenmiller Energy CEO Provides Update On Milestones Powering Progress
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 a shareholder update from its Chairman and Chief Executive Officer, Avi Brenmiller. Dear Brenmiller Energy Investors, I want to take a moment to share meaningful updates from across our Company-developments that reflect both execution in the present and strategic positioning for the future. Most notably, that the European Hydrogen Bank has granted SolWinHy Cádiz S.L. (the 'SolWinHy Project') in Arcos de la Frontera, Spain, €25 million in funding. SolWinHy is a special purpose company jointly owned by leading renewable energy developers Green Enesys Group ('Green Enesys') and Viridi RE ('Viridi') to build new green hydrogen and green e-methanol projects in Europe. Green Enesys and Viridi are Brenmiller's joint venture partners in Brenmiller Europe S.L. ('Brenmiller Europe'). We estimate our supply of the bGen™ TES system for the SolWinHy Project to be approximately €7 million. We believe that our involvement with the SolWinHy Project reinforces the strength of our bGen™ technology and our role in enabling renewable fuel production at scale. It's a major milestone and a testament to the commercial scale of our thermal energy storage solutions. Looking ahead, we're also preparing to accrue the next milestone in our project with Tempo Beverages Ltd. ('Tempo') in July 2025. This project represents a powerful application of our bGen™ system, delivering behind-the-meter energy savings in a commercial manufacturing environment. We believe the market will recognize the value of this milestone-not just for what it proves technically, but for what it unlocks strategically. Beyond this, we're seeing a new opportunity emerge that could define the next phase of our growth: nuclear energy as the solution for AI and data centers that are expected to create a surge in energy demand. At the end of May, CNBC reported that some countries in Europe are beginning to re-embrace nuclear power as a means of boosting energy independence and decarbonizing at scale. Denmark is even rethinking its 40-year nuclear ban. This shift creates a unique opening for our technology. Nuclear reactors, while reliable for baseload generation, lack the flexibility to meet dynamic grid demands-precisely the gap our thermal storage was designed to fill. The U.S. is following suit. New executive orders from the Trump Administration have fast-tracked small modular reactors (SMRs) and aim to significantly reform the U.S. nuclear industry. That conviction was echoed again just days ago when Meta signed a 20-year agreement with Constellation Energy to purchase 1.1 gigawatts of nuclear power from the Clinton Clean Energy Center in Illinois. Without Meta's commitment, the plant faced premature closure. Now, not only will the site remain operational, it will expand. This is more than a high-profile energy deal, we believe that it is an indication that nuclear power is being called upon to fuel the next generation of computing and AI infrastructure-but it can't do it alone. It needs flexibility. It needs storage. It needs solutions like ours. We believe that our TES technology is uniquely suited to complement nuclear by enabling load-following capabilities, balancing output, and enhancing overall grid responsiveness. As the demand curve changes and data center operators push for 24/7 clean energy with real-time control, we believe our technology becomes not just valuable-but essential. Further, we believe our system, as configured for ENEL at its combined cycle power plant in Santa Barbara, Italy, is already a near-perfect fit for this application, positioning Brenmiller to be part of this nuclear resurgence. We also recognize the broader market environment remains volatile, especially for small-cap companies. We're taking action accordingly: tightening costs, streamlining operations across our subsidiaries, and staying focused on efficiency. These moves aren't just defensive-they're strategic steps to strengthen our core and prepare for scalable growth. In parallel, we're actively exploring near-term opportunities to enhance value creation-this includes unlocking potential licensing revenues with our IP portfolio. To those of you who've stayed with us: thank you. Your continued trust fuels our determination. We're executing with clarity and focus-and the momentum building behind clean hydrogen, flexible nuclear applications, and on-site industrial energy savings only adds to our conviction. Sincerely, Avi Brenmiller, CEO Brenmiller Energy Ltd. About Brenmiller Energy Ltd. Brenmiller Energy helps energy-intensive industries and power producers end their reliance on fossil fuel boilers. Brenmiller's patented bGen™ ZERO 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 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 when discussing: the Company's estimated amount for its supply of the bGen™ TES system for the SolWinHy project; that a new opportunity is emerging in nuclear energy, which could define the next phase of growth for the Company and that the Company's TES technology is uniquely suited to complement nuclear by enabling load-following capabilities, balancing output, and enhancing overall grid responsiveness; that the Company's TES system is positioned to be part of a nuclear resurgence; that the Company is preparing to reach the next milestone in the Tempo project in July, which will have both technical and strategic value; that the cost-cutting and operational streamlining efforts are strategic steps that will strengthen the Company's core and prepare for scalable growth; and that the Company is exploring near-term opportunities to enhance value creation, including potential licensing revenues of its IP portfolio. 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, 2024 filed with the U.S. Securities and Exchange Commission ('SEC') on March 4, 2025, which is available on the SEC's website, 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: investors@
Globe and Mail
7 days ago
- Business
- Globe and Mail
Brenmiller Energy's Nears Its Transformative TES Market Moment ($BNRG)
HPM has been covering the integration of thermal energy storage (TES) into the global energy mix heavily throughout 2025. The questions we get back aren't asking why —they're asking what. As in, what exactly is TES, and is it another complicated, drawn-out energy market investment proposition? We get it. The term "thermal energy storage" itself often deters readers from continuing. But here's the reality: it's a remarkably simple concept that's being embraced by energy providers in the know—particularly those who know what's coming. The concept's beauty lies in its simplicity—heat up a material, store that heat, and release it when it's needed. That's it. Whether it's crushed rock, sand, or another heat-retaining medium, the idea is straightforward: capture energy when it's abundant, cheap, and renewable, and deploy it when it's valuable. No exotic minerals, no dangerous chemical reactions, no moving parts. Just clever thermal engineering solving a problem batteries weren't built to solve. Of course, delivering that value at a commercial scale is where things get more complex. That's the hard part—and that's the part Brenmiller Energy (NASDAQ: BNRG) has already figured out. Thanks to Brenmiller, TES isn't some future-tech pipedream. It's live. It's real. It's working now. A Distinction Worthy Of Value While other high-valuation private TES startups talk about what they hope to build, Brenmiller is doing it. Right now. And that distinction matters—especially when BNRG is trading at a valuation of roughly $5.6 million, compared to private-sector peers who have valuations in the hundreds of millions despite, for the most part, still being clutched in development mode. To put it directly, investors should consider capitalizing on this massive valuation disconnect before the window closes. And it's starting to. BNRG's trading volume has exploded higher, with recent sessions running more than 10X above average daily volume. It's not hard to see why. Investors are catching on, particularly after a recent capital raise sent shares lower—creating an entry point that's rightfully attracting serious attention. Keep in mind that when you see ADV statistics, they're skewed higher now due to massive volume surges, with shares trading in the tens of millions compared to the tens of thousands just weeks ago. The point is this—the interest in BNRG is well-deserved. With electrification and renewables reshaping the global energy mix, the industry and investors are finally catching up to a reality Brenmiller Energy has been acting on for years: batteries and solar panels alone can't solve industrial heat or grid stability. Especially not at scale and not 24/7/365. That's where TES comes in. TES Can Be Energy's Most-Valued Partner It's cost-effective. It's durable. And unlike lithium-ion systems, it doesn't degrade, overheat, or depend on fragile global supply chains. TES fills the gap that batteries can't reach—replacing fossil-fuel-powered industrial tools, such as boilers, reducing demand charges, providing cost-of-energy certainty, and unlocking the full potential of renewables by absorbing excess generation and dispatching it as heat or steam whenever and wherever it's needed. In other words, it brings order to chaos. Just as important, TES isn't locked into one format. It integrates on the grid—through demand response programs and virtual power plants—and off the grid, where energy independence isn't optional; it's required. The SolWinHy green methanol project in Spain proves the point: entirely disconnected from the national grid, it operates on solar and wind energy. That's a great start. But where things matter most—energy delivery and system stability—SolWinHy will rely on Brenmiller's TES to make it all function. That distinction matters. And it should be valued. The European Hydrogen Bank allocated €7 million of SolWinHy's €25 million grant directly to Brenmiller. That's a sovereign endorsement of BNRG's bGen™ system and its irreplaceable role in the clean energy value chain. The better news for BNRG is that SolWinHy is likely just the first domino to drop in a model expected to be repeated across Europe and beyond. In other words, there is plenty more to appreciate and factor in when appraising BNRG. Supporting The Value Proposition Start with the fundamentals. In a space where being first matters, Brenmiller Energy isn't just early—they're proven. While names like Rondo Energy have achieved $500 million valuations based on future potential, Brenmiller has more than $40 million worth of infrastructure already deployed. Yet its market cap still trades at just $5.6 million on June 2nd. That kind of disparity doesn't last forever, especially with the soon-to-be-funded SolWinHy project in its pocket. It also helps that BNRG remains the only pure-play TES stock available to U.S. investors. There is no ETF or broader basket. If you want exposure to industrial-scale thermal storage, this is it. Need more to justify the value proposition? Check this slew of partnerships. Brenmiller has formed strategic alliances with Entelios in Germany to integrate TES into advanced grid systems, with Viridi Energy and Green Enesys in Spain, and with Rock Energy in the USA to deliver carbon-neutral heating across institutional buildings and campuses. These aren't speculative collaborations. They're revenue-aligned, deployment-driven relationships with a clear commercial roadmap. A Milestone Is Weeks Away But timing may be the most critical part of this story. The company's next major commercial deployment, at the Tempo Beverage plant in Israel, is slated for July 2025. That's not years away; it's weeks away. With that added validation, more than €200 million of European pipeline activity is lining up behind it. And with SolWinHy, potentially another sovereign-funded order at any time. The kicker—beyond the pipeline, Brenmiller Energy is exploring IP monetization to generate near- and long-term shareholder value without dilution. To put it simply, the pieces are in place for BNRG to realize its transformative TES moment. Not years from now, but weeks from now. With real deployments, partnerships, sovereign validation, and a validated TES platform, it's hard to say this in any other way—seize this investment opportunity while the discount window is open. If the adage "volume precedes price" is valid, it's already starting to close. Disclaimers and Disclosures: Hawk Point Media Group, LLC. (HPM) has not been compensated to produce and distribute this content. It should be expressly understood that HPM is not operated by a licensed broker, a dealer, or a registered investment adviser. It should also be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. HPM reports/releases are commercial advertisements and are for general information purposes ONLY. The information made available by HPM is not intended to be, nor does it constitute, investment advice or recommendations. The contributors do NOT buy and sell securities covered before or after any particular article, report and/or publication. HPM holds ZERO shares in Brenmiller Energy Ltd. Always do your own due diligence prior to investing in any publicly traded company. While HPM has not been compensated for creating and syndicating this content, HPM discloses having a prior services agreement with the company, and third parties, that expired in April 2025 and 2024, respectively. HPM is a digital marketing and consulting company. Therefore, it is possible that HPM will be retained in the future to create and syndicate digital content for Brenmiller Energy. Accordingly, while fact-based and sourced, our content may portray featured companies in only the most favorable way. A complete disclosure for all services provided and compensated for is linked below. Forward-Looking Statements: This article 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. The forward-looking statements contained or implied in this article are subject to other risks and uncertainties, many of which are beyond the control of the Company featured or HPM. Hawk Point Media Group, Llc. undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. For Hawk Point Media Group Llc's full disclaimer and disclosure statement, click HERE.
Miami Herald
23-05-2025
- Business
- Miami Herald
Brenmiller bGen(TM) Green e-Methanol Project in Spain Secures +€25 Million Funding from European Hydrogen Bank
bGen™ thermal energy storage system to be charged using renewable energy to store and provide 56 MWh of clean heat for green e-methanol production at SolWinHy Cadiz selected as one the European Union's top green hydrogen projects with plans to deliver 6,500 tons of green hydrogen annually for 30,000 tons of green e-methanol, 100% renewable energy from off-grid solar and wind, and sustainable water sourced from local waste water plantProject demonstrates the potential of hydrogen and e-fuels to decarbonize the European Union's industrial, power generation, and transportation sectorsProject is part of Brenmiller Europe's $200 million pipelineof commercial opportunities that are advancing toward funding and implementation MADRID, SPAIN / ACCESS Newswire / May 23, 2025 / 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, announced today that the European Hydrogen Bank, has granted SolWinHy Cádiz S.L. (the "SolWinHy Project") in Arcos de la Frontera, Spain, €25 million in funding. From the total project CAPEX, €7 million are earmarked for Brenmiller's bGen™ TES. The project is slated to commence in the first quarter of 2026 when Brenmiller expects to receive a purchase order for the bGen™ andassociated services. SolWinHy is a special purpose company jointly owned by leading renewable energy developers Green Enesys Group ("Green Enesys") and Viridi RE ("Viridi") to build new green hydrogen and green e-methanol projects in Europe. Green Enesys and Viridi are Brenmiller's joint venture partners in Brenmiller Europe S.L. ("Brenmiller Europe") which currently has a growing project pipeline of commercial opportunities valued at over $200 million. "We believe that this +€25 million project funding from the European Hydrogen Bank is a strong validation of bGen™'s critical place in Europe's clean energy ecosystem and demonstrates the value of our industry-leading TES technology globally" stated Brenmiller's Chairman and Chief Executive Officer, Avi Brenmiller. "We've worked diligently with our partners Green Enesys and Viridi to complete the front-end engineering and design that led to the financing of the SolWinHy Project. This is a model for how we plan to roll out potentially up to $200 million worth of projects in Europe, by leveraging project financing and collaborations, as Brenmiller generates upfront and recurring revenues delivering bGen™ systems, services, and technology licensing." José Luis Morán, Green Enesys and Viridi's Integrated Energy Solutions director added, "Brenmiller's bGen™ is an essential part of making SolWinHy one of the EU's top green hydrogen projects and was a key component in securing this funding, without the bGen™ the project could not operate off-grid, using only renewable electricity. As a partner in Brenmiller Europe, we expect several other potential bGen™ projects to rapidly advance toward funding and implementation as the EU prioritizes achieving its clean energy goals." Green e-methanol, a clean energy source, is produced from hydrogen that is sourced from renewable electricity and captured biogenic carbon dioxide. The SolWinHy Project is being designed to produce over 30,000 tons of green e-methanol per year and will incorporate 54 MWh of wind and 130 MWp of photovoltaic electricity production disconnected from the electrical grid, generating power exclusively from renewable energy with no impact on Spain's national grid. The SolWinHy Project is expected to integrate bGen™ thermal energy storage capabilities with a 56 MWh capacity. About SolWinHy SolWinHy Cádiz is an innovative green methanol production plant located in Arcos de la Frontera, Cádiz, Spain. As the first project in a series aimed at advancing renewable energy, this facility is set to produce 30,000 tons of E-Methanol annually. The plant is powered entirely by renewable energy, utilizing a 130 MW solar PV installation and a 54 MW wind farm. This setup allows the facility to operate independently of the national grid in island mode, ensuring that all hydrogen and methanol production is 100% renewable. An 80 MW electrolyzer generates green hydrogen, which is combined with biogenic CO2 to produce methanol. The project is situated on 463 hectares of agricultural land, secured through a 35-year lease with the option to extend for an additional five years. SolWinHy Cádiz is strategically positioned to supply green methanol to Germany, with advanced negotiations already underway with potential off-takers. For more information about the project and Brenmiller Energy's latest updates, please visit About bGen™ bGen™ ZERO is Brenmiller's TES system, which converts electricity into heat to power sustainable industrial processes at a price that is competitive with natural gas. The bGen™ ZERO 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™ ZERO also supports the development of utility-scale renewables by providing critical flexibility and grid-balancing capabilities. bGen™ ZERO was named among TIME's Best Inventions of 2023 in the Green Energy category and won Gold in the Energy Storage and Management category at the 2025 Edison Awards. About Brenmiller Energy Ltd. Brenmiller Energy helps energy-intensive industries and power producers end their reliance on fossil fuel boilers. Brenmiller's patented bGen™ ZERO 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 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: the SolWinHy project and its expected integration of bGen™ thermal energy storage capabilities with a 56 MWh capacity; SolWinHy Project plans to produce 6,500 tons of green hydrogen annually to generate 3',000 tons of green e-methanol using 100% renewable energy from solar and wind and sustainable water sourced from local wastewater reuse; bGen™ TES deployment scheduled to commence in Q1 2026, subject to receipt of purchase order for system and associated services;; Brenmiller Europe's growing commercial project pipeline valued at over $200 million advancing toward funding and implementation through strategic collaborations and project financing; and SolWinHy's renewable power generation designed to include 54 MW of wind and 130 MWp of photovoltaic electricity disconnected from the national grid. 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. 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, 2024 filed with the SEC on March 4, 2025, which is available on the SEC's website, The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Contact: investors@ SOURCE: Brenmiller Energy Ltd.
Yahoo
23-05-2025
- Business
- Yahoo
Brenmiller bGen(TM) Green e-Methanol Project in Spain Secures +€25 Million Funding from European Hydrogen Bank
bGen™ thermal energy storage system to be charged using renewable energy to store and provide 56 MWh of clean heat for green e-methanol production at SolWinHy Cadiz S.L. SolWinHy selected as one the European Union's top green hydrogen projects with plans to deliver 6,500 tons of green hydrogen annually for 30,000 tons of green e-methanol, 100% renewable energy from off-grid solar and wind, and sustainable water sourced from local waste water plant Project demonstrates the potential of hydrogen and e-fuels to decarbonize the European Union's industrial, power generation, and transportation sectors Project is part of Brenmiller Europe's $200 million pipelineof commercial opportunities that are advancing toward funding and implementation MADRID, SPAIN / / May 23, 2025 / 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, announced today that the European Hydrogen Bank, has granted SolWinHy Cádiz S.L. (the "SolWinHy Project") in Arcos de la Frontera, Spain, €25 million in funding. From the total project CAPEX, €7 million are earmarked for Brenmiller's bGen™ TES. The project is slated to commence in the first quarter of 2026 when Brenmiller expects to receive a purchase order for the bGen™ andassociated services. SolWinHy is a special purpose company jointly owned by leading renewable energy developers Green Enesys Group ("Green Enesys") and Viridi RE ("Viridi") to build new green hydrogen and green e-methanol projects in Europe. Green Enesys and Viridi are Brenmiller's joint venture partners in Brenmiller Europe S.L. ("Brenmiller Europe") which currently has a growing project pipeline of commercial opportunities valued at over $200 million. "We believe that this +€25 million project funding from the European Hydrogen Bank is a strong validation of bGen™'s critical place in Europe's clean energy ecosystem and demonstrates the value of our industry-leading TES technology globally" stated Brenmiller's Chairman and Chief Executive Officer, Avi Brenmiller. "We've worked diligently with our partners Green Enesys and Viridi to complete the front-end engineering and design that led to the financing of the SolWinHy Project. This is a model for how we plan to roll out potentially up to $200 million worth of projects in Europe, by leveraging project financing and collaborations, as Brenmiller generates upfront and recurring revenues delivering bGen™ systems, services, and technology licensing." José Luis Morán, Green Enesys and Viridi's Integrated Energy Solutions director added, "Brenmiller's bGen™ is an essential part of making SolWinHy one of the EU's top green hydrogen projects and was a key component in securing this funding, without the bGen™ the project could not operate off-grid, using only renewable electricity. As a partner in Brenmiller Europe, we expect several other potential bGen™ projects to rapidly advance toward funding and implementation as the EU prioritizes achieving its clean energy goals." Green e-methanol, a clean energy source, is produced from hydrogen that is sourced from renewable electricity and captured biogenic carbon dioxide. The SolWinHy Project is being designed to produce over 30,000 tons of green e-methanol per year and will incorporate 54 MWh of wind and 130 MWp of photovoltaic electricity production disconnected from the electrical grid, generating power exclusively from renewable energy with no impact on Spain's national grid. The SolWinHy Project is expected to integrate bGen™ thermal energy storage capabilities with a 56 MWh capacity. About SolWinHy SolWinHy Cádiz is an innovative green methanol production plant located in Arcos de la Frontera, Cádiz, Spain. As the first project in a series aimed at advancing renewable energy, this facility is set to produce 30,000 tons of E-Methanol annually. The plant is powered entirely by renewable energy, utilizing a 130 MW solar PV installation and a 54 MW wind farm. This setup allows the facility to operate independently of the national grid in island mode, ensuring that all hydrogen and methanol production is 100% renewable. An 80 MW electrolyzer generates green hydrogen, which is combined with biogenic CO2 to produce methanol. The project is situated on 463 hectares of agricultural land, secured through a 35-year lease with the option to extend for an additional five years. SolWinHy Cádiz is strategically positioned to supply green methanol to Germany, with advanced negotiations already underway with potential off-takers. For more information about the project and Brenmiller Energy's latest updates, please visit About bGen™ bGen™ ZERO is Brenmiller's TES system, which converts electricity into heat to power sustainable industrial processes at a price that is competitive with natural gas. The bGen™ ZERO 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™ ZERO also supports the development of utility-scale renewables by providing critical flexibility and grid-balancing capabilities. bGen™ ZERO was named among TIME's Best Inventions of 2023 in the Green Energy category and won Gold in the Energy Storage and Management category at the 2025 Edison Awards. About Brenmiller Energy Ltd. Brenmiller Energy helps energy-intensive industries and power producers end their reliance on fossil fuel boilers. Brenmiller's patented bGen™ ZERO 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 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: the SolWinHy project and its expected integration of bGen™ thermal energy storage capabilities with a 56 MWh capacity; SolWinHy Project plans to produce 6,500 tons of green hydrogen annually to generate 3',000 tons of green e-methanol using 100% renewable energy from solar and wind and sustainable water sourced from local wastewater reuse; bGen™ TES deployment scheduled to commence in Q1 2026, subject to receipt of purchase order for system and associated services;; Brenmiller Europe's growing commercial project pipeline valued at over $200 million advancing toward funding and implementation through strategic collaborations and project financing; and SolWinHy's renewable power generation designed to include 54 MW of wind and 130 MWp of photovoltaic electricity disconnected from the national grid. 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. 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, 2024 filed with the SEC on March 4, 2025, which is available on the SEC's website, The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Contact: investors@ SOURCE: Brenmiller Energy Ltd. View the original press release on ACCESS Newswire Sign in to access your portfolio
