Brenmiller Energy Ltd · NASDAQ:BNRG
Brenmiller Energy — Investor Presentation (March 2024)
25 slides from Brenmiller Energy's investor presentation, March 2024
Slide 1: Company Presentation
Nasdaq: BNRG Company Presentation March 2024
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 Ltd.
ABOUT Brenmiller Energy Ltd. We are a clean-tech company that develops, 2012 Founded manufactures and sells our Thermal Energy Storage (“TES”) solutions to decarbonize $100M Capital Investments since inception heat for industry and power plants 52 Employees As of March 2024 Nasdaq listed: BNRG Nasda
Slide 4: Milestones
BRENMILLER Milestones IPO TEL AVIV Full scale Corporate finance demonstration for manufacturing enhancement Pilot and First power Purchase FOUNDED marketing plant pilot agreement with agreement with purchase order Tempo NYPA First U.S. Purchase patent First IDF pilot agreement Product granted commer
Slide 5: Strategic Outlook
Strategic Outlook “ BY AVI BRENMILLER, CEO & CHAIRMAN ▪ We entered our first year of commercial sales signing first 2 milestone projects, we expect at least 2 additional projects to be signed in 2024 ▪ Our goal is to rapidly ramp revenues ▪ Our current focus is small-medium sized electricity-to-heat
Slide 6: Latest Updates
Latest Updates ▪ 2024 Bloomberg NEF Pioneers finalist ▪ SUNY project handover in New York ▪ Wolfson Hospital to purchase a 12MWh TES system for $3.55m ▪ $4m equity raise completed in January 2024 ▪ $450 K grant from Israeli Innovation authority ▪ TIME’s 2023 list of best inventions ▪ MoU with Green
Slide 7: Industry Updates
Industry Updates Government grant and corporate funding are picking up Nasdaq: BNRG 7
Slide 8: bGen Thermal Energy Storage
bGen THERMAL ENERGY STORAGE Heat battery based on crushed rocks enabling transition from fossil fuels to renewable energy Nasdaq: BNRG 8
Slide 9: Power-to-Heat bGen ZERO
Power-to-Heat bGen ZERO Embedded Electrical heaters 100°-500° Steam Hot air Unlimited Cycles Modular Low-Cost materials 97% Efficiency 30+ years 10MWh-1,000MWh Simple O&M Nasdaq: BNRG Nasdaq: BNRG 9
Slide 10: 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 11: World's First TES Gigafactory
World’s First TES Gigafactory Production Plant: Ready to ramp up ▪ European Investment Bank credit facility funding capital expenditure for automated bGen factory and increasing production capacity ▪ Plant is designed to produce bGen modules with an annual capacity of up to 4,000 MWh ▪ Production ca
Slide 12: Global Energy Use By Sector
Global Energy Use By Sector Electricity - 17% Transportation - 32% Heat for industry, homes and Heating & Cooling - 51% commercial buildings is the largest energy end-use Source: REN21 2022 % of global final energy use by sector, cooling and transport electricity reallocated
Slide 13: Renewable Based Heat is Crucial for Net-zero Emissions
Renewable Based Heat is Crucial for Net-zero Emissions Other, 45% 26% Coal 13% Electricity Residential, 24% Industry, 32% 30% Transport, 31% 74% Natural Gas 74% Heat Heat 15% Oil 9% Renewables Global Final Energy Consumption Energy Sources for Industrial Heat Industrial heat accounts for ¼ of global
Slide 14: TES potential in mid-temperature process heat
TES potential in mid-temperature process heat BGEN OPERATION TEMPERATURES IN THE RANGE OF 100°- 500°C Global Industrial energy consumption by sector in Exajoules, 2019 Nasdaq: BNRG 14 Source: McKinsey & Company Global energy Perspective 2022
Slide 15: Renewables + TES is now competitive
Renewables + TES is now competitive LEVELIZED COST OF HEAT FOR SELECTED TECHNOLOGIES, $/MWH Nasdaq: BNRG 15 Source: McKinsey & Company Global energy Perspective 2022
Slide 16: Illustrative Business Case
Illustrative Business Case Gas Boiler vs. PV+TES 400 GWH ANNUAL STEAM CONSUMPTION IN AN INDUSTRIAL PLANT Technology 80MW Gas boilers 200MW PV + 800MWh TES Capex $10m $250m Opex $50/MWh $5/MWh Gas + Carbon tax + Maintenance Maintenance Total expense 400,000MWh per year 400,000MWh per year over projec
Slide 17: Equipment Sale
BUSINESS MODEL #1 Equipment Sale Sale of thermal energy storage solutions to industrial facilities and power plants ▪ Complete turn-key projects ▪ After sale services ▪ Warranty ▪ Maintenance ▪ Optimization Nasdaq: BNRG 17
Slide 18: Energy-as-a-service
BUSINESS MODEL #2 Energy-as-a-service Seeking JVs with leading global clean energy utilities to provide clean steam and grid services Customer benefits: ▪ Reducing energy costs with no capital expenditures ▪ Reducing operational risk ▪ Green certificates and carbon emission savings Nasdaq: BNRG 18
Slide 19: Energy-as-a-service Revenue Streams
REVENUE STREAMS Energy-as-a-service BUSINESS CASE Steam 39% Capacity 49% ▪ Brenmiller to finance, build and maintain ▪ Revenue stream: Energy 12% ▪ Sale of steam ▪ Grid services, capacity payments ▪ Buying energy at day-ahead prices Nasdaq: BNRG 19
Slide 20: Thermal Energy Storage For Power Plants
Thermal Energy Storage For Power Plants GAS POWER PLANT COAL POWER PLANTS Flexible operation for changing grid Converting retiring power plants to grid storage ▪ Energy shifting ▪ Utilizing existing infrastructure allows reduction of Capex ▪ Fast ramp-up for spot market ▪ Highly efficient for long d
Slide 21: 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 Nasdaq
Slide 22: Building the Pipeline – Focus on Europe and US
Building the Pipeline – Focus on Europe and US Sales process / project development & opportunities Nasdaq: BNRG 22
Slide 23: Commissioned Projects
Commissioned Projects Thermal Storage Based Co-Generation Biomass to Heat Storage System Hybrid charging: Exhaust gas and electricity Continuous biomass combustion while delivering fluctuating output Nasdaq: BNRG 23
Slide 24: Recently Signed Projects
Recently Signed Projects 32MWh bGen Power-to-Heat TES 12MWh bGen Power-to-Heat TES PV & Grid Electricity to Saturated Steam Off-peak Grid Electricity to Saturated Steam ▪ Tempo, partially owned by Heineken International B.V., is one of Israel’s largest ▪ BGen ZERO has potential to save Wolfson Hospi
Slide 25: Thank You
a)\\ BRENMILLER THERMAL ENERGY STORAGE
Brenmiller Energy — Investor Presentation (March 2024) on 6ix