Brenmiller Energy Ltd · NASDAQ:BNRG
Brenmiller Energy — Investor Presentation (February 2025)
21 slides from Brenmiller Energy's investor presentation, Feb 18, 2025
Slide 1: Company Overview February 2025
Company Overview FEBRUARY 2025 Nasdaq: BNRG 1
Slide 2: Disclaimer
Disclaimer 2 This presentation of Brenmiller Energy Ltd . (the “Company”, “Brenmiller” or “Brenmiller Energy”), any oral presentation of the information contained in this presentation and any question - and - answer session that may follow contain “forward - looking statements” within the meaning of
Slide 3: Key Company Highlights
Key Company Highlights • $155B market opportunity - 25% of global energy demand accounts for industrial heat. for the Electrothermal Energy Storage (ETES) market in Europe and the U.S. equivalent to 3,100 TWh;* • ETES (Heat Batteries) fill the gap – They solve the variability between renewable energ
Slide 4: Net-Zero within Reach
Net - Zero within Reach 4 Industrial heat accounts for 25% of global emissions* *International Energy Agency, Renewable energy for industry, 2017.
Slide 5: Pilots, commercial projects, manufacturing capacity and awards
PILOTS: CUMULATIVE PROJECTS TO DATE : 103 MWh 4 GWh MANUFACTURING CAPACITY (AT FULL SCALE): AWARDS AND RECOGNITION: • European Commission – Seal of Excellence for Horizon 2020 Project • BIRD Energy – Approval for U.S. - Israel Clean Energy Project • TIME Magazine – Best Inventions of 2023 • Bloomber
Slide 6: Leadership
LEADERSHIP Partners Distributor in the Northeast U.S. International developers of renewable energy projects AVI BRENMILLER Chairman & CEO DORON BRENMILLER Director & CBO NIR BRENMILLER Director & COO OFIR ZIMMERMAN CFO GILAD WALKER Chief Growth Officer 6
Slide 7: Increase in renewable energy integration and negative electricity prices
with stored off - peak energy REDUCES ENERGY COST VOLATILITY INCREASE IN RENEWABLE ENERGY INTEGRATION NEGATIVE PRICES OF ELECTRICITY IS INCREASING EVERY YEAR Company modelling using data f rom https://transparency.entsoe.eu/” 7 52% 58% 57% 56% 53% 60% 50% 2024 52% 51% 60% 57% Off - peak energy is 50
Slide 8: Renewable Energy Penetration Drives Off-Peak Electricity in Most European Countries
8 SWTZ SWDN SPN ROM POL NORW NETH ITLY HUNG GRC GER FRAN FIN DEN CZEC BELG AUST 2020 28% 49% 22% 37% 22% 16% 37% 28% 36% 31% 44% 35% 60% 48% 36% 39% 35% 23% 42% 20% 38% 24% 18% 33% 20% 33% 28% 36% 30% 48% 36% 33% 33% 30% 2021 20% 60% 22% 35% 30% 21% 35% 21% 30% 29% 37% 25% 61% 35% 30% 33% 32% 2022 2
Slide 9: Product: bGen
100 ƒ - 500 ƒ Steam Hot air PRODUCT bGen • Delivers energy as heat , tailored for industrial applications. • Stores excess energy during off - peak hours and supplies it during peak demand at a fraction of the cost. • Power to Heat: Electrification of heat for zero - carbon steam. 9 Embedded electri
Slide 10: Technology: Turning Rocks Into Heat Storage
Technology: Turning Rocks Into Rocks are crushed to small bits Thin metal cells ("bCells") are filled with the crushed rocks bCells are stacked into 12 meter modules Modules are assembled on - site to a structure Electrical heaters are embedded Structure is insulated and connected to plant 10
Slide 11: Case Study: Pet food manufacturer, Hungary
Case Study: 11 CUSTOMER PROFILE • European private - label pet food producer supplying 35+ countries. • 12 production facilities producing 700,000+ tons of pet food annually. • Operations in Hungary, Netherlands, Slovakia, Czech Republic, and Poland. DRIVERS • 42% emissions reduction target by 2030.
Slide 12: Serviceable Available Market Potential Exceeds 3,100 TWh ($155B)
Serviceable Available Market Potential Exceeds 3,100 TWh ($155B*) 12 Electricity Grid Standalone renewable generation project or power or purchase agreements Option to output as power for onsite usage or back to grid Heat delivery (hot water, steam or air) CHP Electrothermal Energy Storage 1 ETES ch
Slide 13: Monetization
Monetization 13 H1 2025: H1 2025: In the final stages of securing the sale of 2 commercial projects. H1 2025: Reach Tempo 2 nd payment milestone (~$0.6M) H1 2025 : Expected to recognize revenue from the Enel project 2025 Sales - $10M+ based on pipeline H1 2025: Sign additional agreement through Bren
Slide 14: Europe commercial opportunities – HaaS only
Europe commercial opportunities – HaaS only 14 HaaS Projects Key Projects 60% 13 % 13% 7% 7% $200m+ potential F&B Consumer goods Chemicals Pharma Building materials
Slide 15: Brenmiller Energy U.S. Pipeline Growth
Brenmiller Energy U.S. Pipeline Growth 15 PIPELINE VALUE Brenmiller Energy's commercial pipeline in the U.S. has grown to over $210 million in collaboration with its exclusive distribution partner, Rock Energy Storage. identified for bGen ZERO TES systems, enabling potential project financing in 202
Slide 16: Commercial Pilots and Projects Under Development
COMMERCIAL PILOTS Location Description Capacity Italy Enel – Flexible operation of thermal power plant, shifting excess energy to peak hours 24 MWh New York, USA NY Power Authority 1 MWh COMMERCIAL PROJECTS – UNDER DEVELOPMENT Life Time Energy Cost savings Annual CO 2 Abatement Location Description
Slide 17: World's First Heat Battery Gigafactory
World’s First Heat Battery Gigafactory 17 • Market leader in live production capacity, giving Brenmiller an operational capability edge. • 4 GWh manufacturing capacity at full scale, supported by European Investment Bank funding. • Tested approach creating a template to launch localized manufacturin
Slide 18: Strategy
Strategy MATURITY Extensive test sites deployed; competitive heat pricing and Commercial ready EXPERTISE Heat electrification, Energy - as - a - Service, responsibility including steam production PARTNERSHIPS Partnering with electricity suppliers, grid operators, service providers, regionally SUPPLY
Slide 19: Business Models
Business Models Diversified income stream from multiple services, Opportunistic fast charging at off - peak prices EQUIPMENT SALES One - off sale with O&M contract HEAT - AS - A - SERVICE Supply clean heat at agreed price CAPACITY PAYMENTS Take on excess electricity from grid GRID SERVICES & CAPACIT
Slide 20: Thank you
@)\) BRENMILLER > Thankyou 200°.“
Slide 21: Brenmiller Thermal Energy Storage
NY BRENMILLER THERMAL ENERGY STORAGE
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