Brenmiller Energy

Company Overview

Snapshot

Founded in January 2012 by Avi Brenmiller, Brenmiller Energy operates with 11–50 employees. The company has raised over $139.52 million across 21 funding rounds from 6 investors. In May 2022, Brenmiller Energy debuted on NASDAQ.

Business overview

Brenmiller Energy provides thermal energy storage (TES) solutions aimed at decarbonizing industrial heat, a significant contributor to global energy consumption. Its core technology, bGen, is a solid-state thermal battery that uses crushed rocks to store heat up to 750°C from various sources, including renewable electricity and industrial waste heat. The stored energy is then released as clean steam, hot water, or hot air for industrial processes or steam turbines. The modular and scalable bGen system integrates a heat exchanger, storage medium, and steam generator, enabling industrial and utility clients to adopt carbon-free heat production. Operating in the Energy Tech sector, the company serves markets in Italy, North America, Spain, Africa, Romania, Israel, the United States, Hungary, and Brazil.

Strategic signal

Brenmiller Energy is actively expanding its market reach and technology adoption through strategic partnerships and joint ventures. In September 2024, the company established a joint venture in Europe to scale the adoption of its bGen™ technology across the continent. This move signals a strong focus on international growth and positions Brenmiller Energy to capitalize on the increasing demand for sustainable industrial heat solutions in key European markets, demonstrating a clear forward trajectory for market penetration and revenue generation.

Company Intelligence Q&A

What is Brenmiller Energy's primary technology?

Brenmiller Energy's primary technology is bGen, a solid-state thermal battery that utilizes crushed rocks as a high-temperature storage medium to decarbonize industrial heat processes.

When did Brenmiller Energy go public on NASDAQ?

Brenmiller Energy went public on NASDAQ in May 2022.

What significant partnership did Brenmiller Energy announce in October 2023?

In October 2023, Brenmiller Energy partnered with Tempo, Heineken’s Israeli beverage arm, to replace fossil fuel boilers with a 32MWh Thermal Energy Storage system.

What award did Brenmiller's bGen receive in October 2023?

In October 2023, Brenmiller Energy’s bGen™ was named among TIME’s 2023 List of Best Inventions.

What is Brenmiller Energy's strategy for European market expansion?

In September 2024, Brenmiller Energy established a joint venture in Europe to scale the adoption of its bGen™ technology across the European market.