Helter Skelter
1 day 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
Helter Skelter
4 weeks 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
Helter Skelter
4 weeks 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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