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Brenmiller Energy: Chairman and CEO Reflects on 2024 Milestones, Sets Sights on Capturing Sizeable Share of $63 Billion Thermal Energy Storage Market in 2025
Brenmiller to drive energy transformation for industrial customers, with a commitment to creating long-term value for shareholders Brenmiller operates a
About this update from Brenmiller Energy Ltd
[{"type":"text","content":"\n\nBrenmiller to drive energy transformation for industrial customers, with a commitment to creating long-term value for shareholders\n\n\n\nBrenmiller operates a state-of-the-art TES gigafactory, with capacity to produce up to 4 GWh of bGen™ systems valued at up to $200 million\n\n\n\nBrenmiller is currently developing 7 projects around the world and advancing its $440 million commercial pipeline, aiming to convert it into commercial opportunities for potentially 12 industries across 13 different countries\n\n\n\n TEL AVIV, Israel--(BUSINESS WIRE)--\nBrenmiller 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, is proud to provide shareholders with a comprehensive overview for its end of 2024 activity. Chairman and Chief Executive Officer, Avi Brenmiller, reflects on the Company’s achievements during 2024 and outlines the Company’s exciting path forward, including insights into strategic initiatives, technological advancements, and how its unwavering commitment to sustainability and innovation can make 2025 a transformative year.\n\n\nDear Valued Shareholders,\n\n\nWith 2024 in our rearview, it's worth pausing to appreciate the journey we’ve taken to get here—a journey marked by pioneering innovation in TES, strategic partnerships with leading energy industry players, and an uncompromising commitment to redefining the way global industries think about and consume heat. Having successfully navigated this journey, I believe that Brenmiller Energy has become more than a company focused on creating shareholder value: we’ve built a conduit for a resilient, reliable, and secure renewable energy future.\n\n\nThe strides we made in 2024 represent more than incremental improvements; we’ve achieved critical milestones that we believe can position us to deliver transformative results in 2025. With a $440 million global pipeline of commercial opportunities and the ability to manufacture up to 4 GWh of bGen™ TES systems from our factory, we are positioned better than ever to serve rapidly growing demand for clean and low-cost industrial heat.\n\n\nTransformation is in Progress\n\n\nOver fifty percent of our $440 million commercial pipeline originates in Europe, where demand for industrial decarbo...