Brenmiller Energy Ltd · NASDAQ:BNRG
Brenmiller Energy — Investor Presentation (January 2022)
19 slides from Brenmiller Energy's investor presentation, January 2022
Slide 1: 2021 Review
2021 Review One of the main challenges reaching Net-Zero by 2050, is the decarbonization of heat. January 2022
Slide 2: Avi Brenmiller on 2021
Avi Brenmiller on 2021: A remarkable and dramatic year for the company. We’ve partnered with several of the largest tier-1 customers in the world. Our technology is one of the first to receive global recognition for serving the world’s emission reduction targets, and a leader in the thermal storage
Slide 3: Vision
Vision 2012 $90M 70 Carbon-free thermal storage that enables renewable and Founded Capital investments Employees clean energy in industrial, commercial, and power plants 3
Slide 4: Our Team
OUR TEAM Reinaldo Garcia Eli Lipman Rami Ezer Avi Sasson Advisory Board VP R&D VP Engineering VP Operations Former CEO GE Grid Services Avi Brenmiller, Founder & CEO Former CEO of Siemens CSP and Solel Ofir Zimmerman Doron Brenmiller Nir Brenmiller Gilad Walker CFO EVP Business & Sales EVP Operation
Slide 5: 2021 Highlights
2021 Highlights • 28m NIS Equity raise in Feb. 2021 • Filling for Dual listing at Nasdaq and Equity raise of $15m ($7.5m invested + $7.5 post Nasdaq listing) • Extension of stock options maturity date • Signed EUR 7.5m credit line from EIB for manufacturing enhancements • Mr. Reinaldo Garcia, former
Slide 6: 2021 Highlights
2021 Highlights • Framework agreement negotiation with Phillip Morris international • NIS 4m in grants approved by DOE, IIA, MOE • Partners to receive $7m grants for two projects in Hungary • Grant funding from DOE for feasibility study with EPRI (Engineering Power Research Institute) and NYPA for i
Slide 7: Technology
Technology Thermal Storage Heat Exchanger Steam Generator Clean 1MWh-1000MWh 30+ Years Unlimited cycles Low-cost materials 8
Slide 8: How does it work?
How does it work? Electricity Steam Hot Water Power Heat 10
Slide 9: Markets
Markets Focus on power and industry Global CO2 Emissions in 2020 2/3 of emissions generated from power and industrial facilities Thermal Storage for Power Plants Energy shifting and flexible operation Thermal Storage for Industry Coupled with renewables for clean heat Source : International Energy A
Slide 10: Thermal power plants
Markets Thermal power plants Most of the electricity in the world is produced from fossil fuels and will remain dominant for the next decades Global fuel sources for electricity generation Solar Oil PV 4% Wind 7% 3% Natural Gas 24% Hydropower 17% Other Renewables 4% Nuclear 10% Coal 31% source: Inte
Slide 11: Thermal storage for power plants
Markets Thermal storage for power plants Thermal power plants must become more flexible and look for additional revenue streams to cope with massive penetration of renewable energy Gas Power Plants Coal Power Plants • Energy shifting Converting coal power plants to grid storage • Start-up time reduc
Slide 12: Decarbonizing Industrial heat
Markets Decarbonizing Industrial heat Thermal storage allows integrating renewables for heat generation Traditional steam generation Clean steam generation fossil fuels are available, flexible and reliable Renewables + storage allows flexible and stable operation Fossil Fuel Boiler Steam Renewables
Slide 13: Projects
Projects 24MWh thermal storage in combined cycle power plant Allowing energy shifting and flexible operation of the power plant • Completed manufacturing of storage modules. Shipping began • Installation begins Q1/2022, Commissioning during Q2/2022 • After testing the system, ENEL will have the opti
Slide 14: Projects
Projects Thermal Storage based co-generation Biomass based storage system Site installation is underway, commissioning during Q1/2022 Site installation has finished, commissioning during Q1/2022 17
Slide 15: Pipeline
Pipeline Two cogeneration projects in Hungary Grid balancing services and waste heat recovery for steam generation • EU modernization fund will collect €14 billion until 2030 from carbon tax • Partner’s awarded grants of $7m for installation of thermal storage in two cogeneration plants • Commercial
Slide 16: Pipeline
Pipeline Biomass based thermal energy storage Allowing flexible operation with continuous biomass combustion • Framework agreement in negotiation • First purchase order to be signed in 2022 • PMI has over 40 production sites globally 19
Slide 17: 2022 Outlook
2022 Outlook • Signing of framework agreement with Phillip Morris international (Expected Q1/22), and first project to deploy in PMI’s facility in the EU • Signing of two projects in Hungary using EU modernization fund grants • Delivery of industrial projects in Brazil and the U.S • Delivery of the
Slide 18: Thank you
Thank you BRENMILLER ENERGY 6 eC r THERMAL ENERGY STORAGE CENTRAL Crrel p err SE Gestamp FORT. green enesys £ MUCH BETTER WATER TANKS
Slide 19: Disclaimer
Disclaimer: This presentation (the “Presentation”) is for informational purposes only and does not constitute or form any part of any offer for sale or subscription of, or solicitation of, any offer to buy or subscribe for any shares or other securities of Brenmiller Energy Ltd. (the “Company”) or a
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