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Brenmiller Energy CEO Avi Brenmiller Issues Letter to Shareholders
Tel Aviv, Israel--(Newsfile Corp. - March 12, 2026) - Brenmiller Energy Ltd. (NASDAQ: BNRG) ("Brenmiller", "Brenmiller Energy" or the "Company"), a provider
About this update from Brenmiller Energy Ltd
[{"type":"text","content":"Tel Aviv, Israel--(Newsfile Corp. - March 12, 2026) - Brenmiller Energy Ltd. (NASDAQ: BNRG) (\"Brenmiller\", \"Brenmiller Energy\" or the \"Company\"), a provider of integrated power and heat solutions for industrial and utility customers built around its proprietary thermal energy storage (\"TES\") technology, today issued a letter from its Chief Executive Officer, Avi Brenmiller.\nDear Shareholders,\nI am writing to you at a pivotal moment for Brenmiller Energy.\nIt has taken us almost fifteen years to reach this point and realize the vision that set us on this journey: replacing fossil fuel-based industrial heat generation with clean, reliable energy. Today, we are beginning to see our vision translate into real-world deployment and commercial momentum. Industrial heat remains the single largest use of energy in the global economy, and our technology is designed to help industries to transition from fossil fuels, natural gas in particular, providing manufacturers with a reliable and sustainable path forward.\nReplacing traditional systems with a fundamentally new approach is not something that happens overnight. Transforming such deeply embedded infrastructure requires time, persistence, and careful execution. Over nearly a decade as a public company, we have had to raise capital multiple times to continue advancing the technology while building and operating first-of-a-kind projects that provide the real-world experience needed to validate performance and prepare the system for large-scale commercial installations. These financings inevitably diluted shareholders and required considerable patience and long-term support from our investors, extending the timeline for both the Company and our investors beyond what anyone initially anticipated.\nHowever, we believe that the Company is now entering a new phase of broader commercial deployment, including the replication of projects under long-term contracted energy service agreements.\nOperational Milestone: Tempo Project Commissioning\nOur flagship project, Tempo Beverages Ltd. (\"Tempo\"), has completed construction and is beginning commissioning. At this facility, a major global beverage manufacturer is transitioning 100% of its steam production to our system, under a Heat-as-a-Service model, demonstrating the commercial deployment of our technology on an industrial scale. This...