Brenmiller Energy Ltd. (“Brenmiller”, “Brenmiller Energy”) (Nasdaq: BNRG), a leading global provider of TES solutions for industrial and utility sectors, today released its annual Environmental, Social, and Governance (ESG) report (the “ESG Report”). This comprehensive report details the Company’s progress in offering access to zero-emission industrial heat solutions. In addition, the ESG Report showcases how the Company’s bGen™ ZERO technology is assisting in transforming industrial energy consumption worldwide.
The Company’s bGen™ ZERO provides energy-intensive organizations a way to use electricity and residual heat to generate clean steam, hot water, and hot air for a wide range of industrial applications including food and beverage processing, the production of chemicals and pharmaceuticals, and heating thermal oils. The bGen™ ZERO also offers immense flexibility, which Brenmiller leverages to participate in grid-balancing markets, lower customers’ energy costs, increase project revenues, and pave the way for fully renewable power generation.
"This has been a landmark year in our mission to deliver reliable, cost-efficient net-zero heat solutions to various industries," said Avi Brenmiller, Chairman and Chief Executive Officer of Brenmiller Energy. "I believe that the thermal energy storage sector is experiencing unprecedented momentum – the most exciting I've witnessed in my 40-year career. Driven by corporate ESG mandates and global decarbonization policies, I believe that the demand for our solutions has never been stronger. We're grateful to our shareholders and stakeholders who support our mission to revolutionize industrial power with cleaner alternatives."
Key Report Highlights:
- Expanding Global Impact: Brenmiller Energy is in the process of commissioning and installing seven global projects with a cumulative 103 MWh of TES capacity.
- Industrial Innovation: The bGen™ ZERO system enables energy-intensive industries to generate clean steam, hot water, and hot air using electricity and residual heat. This versatile solution serves diverse sectors including food and beverage processing, chemical manufacturing, pharmaceuticals, and thermal oil heating.
- Grid Optimization: The bGen™ ZERO system's flexibility allows participation in grid-balancing markets, reducing customer energy costs while facilitating increased renewable energy integration.
- Sustainable Manufacturing: Brenmiller's automated gigafactory manufacturing line for bGen™ ZERO is expected to reduce its operational energy consumption to around one-third of previous levels at full capacity.
- Environmental Leadership: The bGen™ ZERO systems are designed for an exceptionally long lifespan using recyclable, environmentally friendly materials with no need to replace any of the used materials during its lifetime.
Brenmiller Energy's operations account for seven UN Sustainable Development Goals:
- Affordable and Clean Energy (Goal 7)
- Decent Work and Economic Growth (Goal 8)
- Industry, Innovation, and Infrastructure (Goal 9)
- Sustainable Cities and Communities (Goal 11)
- Responsible Consumption and Production (Goal 12)
- Climate Action (Goal 13)
- Partnerships for the Goals (Goal 17)
The report also outlines Brenmiller Energy's ESG targets through 2026, demonstrating the Company's long-term commitment to sustainable industrial transformation.
