Brenmiller Energy Ltd · NASDAQ:BNRG
Brenmiller Energy — Investor Presentation (August 2023)
23 slides from Brenmiller Energy's investor presentation, August 2023
Slide 1: bGen ZERO: Next generation Power-to-Heat
bGen ZERO Next generation Power-to-Heat August 2023
Slide 2: Disclaimer
Disclaimer This presentation of Brenmiller Energy Ltd. (the “Company”, “Brenmiller” or “Brenmiller Energy”), the 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 the safe
Slide 3: About Brenmiller Energy
ABOUT Brenmiller Energy Nasdaq: BNRG We are a clean-tech company that develops, manufactures and sells our Thermal Energy Storage (“TES”) solutions to decarbonize heat in industrial and power plants $100M Capital Investments since inception to date 60 Employees 2012 Founded 4 Installed Projects 4 St
Slide 4: Decarbonization of heat is the low-hanging fruit of fighting climate change
Decarbonization of heat is the low- hanging fruit of fighting climate change 4
Slide 5: Global Energy Use by Sector
GLOBAl ENERGY USE BY SECTOR Electricity - 17% Heat for industry, Heating & Cooling - 51% homes and commercial buildings is the largest energy end-use Transportation - 32% Source: REN21 2022 % of global final energy use by sector, cooling and transport electricity rellocated 5
Slide 6: TES: most competitive way to replace natural gas
According to McKinsey, TES with electric boilers or heat pumps, is the most competitive way to replace natural gas and decarbonize industrial processes Heating equipment Other costs Storage 65-100 70-100 CO2 emissions Fuel TES 45-70 40-65 45-65 30-60 Limited to low pressure steam 25-35 Limited to lo
Slide 7: Regulatory Support
REGULATORY SUPPORT Substantial incentives and aggressive steps to reduce gas consumption 7
Slide 8: bGen ZERO Power-to-Heat Thermal Energy Storage
bGen ZERO Power-to-Heat Thermal Energy Storage Modular Zero emissions 10MWh-1,000MWh Unlimited Cycles Low-Cost materials 30+ years Simple O&M 8
Slide 9: Electric Heating & Storage in One
Electric Heating & Storage IN ONE 97% Round trip efficiency High-efficiency embedded electric heaters 100°c-500°c Steam Hot Water 9
Slide 10: bGen ZERO: Improved charging performance
bGen ZERO Improved charging performance designed for grid services 100% 40% 1 Electricity Increase in Second response for charging charging rate for fast power* charging *Compared to previous generation 10
Slide 11: bGen ZERO: Improved Efficiency
bGen ZERO Improved Efficiency 34% 33% 99% 97% Improvement Reduction Charging Power-to-Heat in energy in Heat Efficiency Cycle efficiency density* loss* *Compared to previous generation 11
Slide 12: bGen ZERO: Improved Economics
bGen ZERO Improved Economics 40% 98% 90% Improvement in Year-round Pre-fabricated discharge Availability components power* *Compared to previous generation 12
Slide 13: From Rocks to Thermal Energy Storage
FROM ROCKS TO THERMAL ENERGY STORAGE • Rocks are crushed to small bits • Thin metal cells (“bCells”) are filled with the crushed rocks • bCells are stacked in to 12 meters modules • Electrical heaters are embedded • Modules are assembled on-site to a structure • Structure is insulated and connected
Slide 14: World's First Gigafactory for Thermal Energy Storage
World’s First Gigafactory for Production Plant: Ready to Ramp Revenues Thermal Energy Storage • European Investment Bank credit facility funding capital expenditure for automated factory and increasing production capacity • Plant is designed to produce storage modules with an annual capacity of up t
Slide 15: Business Model #1 – Equipment Sale
BUSINESS MODEL #1 – Equipment Sale Sale of thermal energy storage solutions to industrial facilities and power plants • Gross profit target - 30% • After sale services - up to 5% of equipment sale • Warranty • Maintenance • Optimization 15
Slide 16: Business Model #2 – Energy As a Service
BUSINESS MODEL #2 – Energy As a Service JV with leading global clean energy utilities to provide clean steam and grid services • Brenmiller to provide the technology and integration • Partner will provide the clean electricity and finance • JV sells energy and grid balancing services Customer benefi
Slide 17: Grid Services
GRID SERVICES Substantial revenue streams for TES • Grid flexibility and stabilization: Using excess renewable energy to generate heat • Demand-side management: Balancing electricity demand by shifting it to the heat sector • Utilization of curtailed energy: Preventing renewable energy waste 17
Slide 18: Building the Pipeline – Focus on Europe and US
Building the Pipeline – Focus on Europe and US Sales process / project development 18
Slide 19: Largest TES System in the World Connected to a Gas Power Plant
LARGEST TES SYSTEM IN THE WORLD CONNECTED TO A GAS POWER PLANT • Storage capacity of up to 24MWh • Enables shifting energy from off-peak hours to peak hours – improving revenues from energy sales • The power plant will generate additional revenue streams by improved response times to the grid 19
Slide 20: Slide 20
Slide 21: New Projects & Agreements
New Projects & Agreements Leading Beverages Manufacturer: 32 MWh bGen TES to replace fossil fuel ● One of Israel’s largest beverage companies ● Partially owned by Heineken International B.V. ● Received approval for $610 K grant from Israel Ministry of Environmental Protection Global Energy Utility:
Slide 22: To fight climate change – Thermal Energy Storage is crucial
To fight climate change – Thermal Energy Storage is crucial The bGen™ ZERO ● Enables electrification of heat ● Enables the use of intermittent RE sources to provide stable reliable heat ● Utilizes and support the electricity grid 22
Slide 23: Thank You
a)\ BRENMILLER THERMAL ENERGY STORAGE THANK YOU —
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