Brenmiller Energy Ltd · NASDAQ:BNRG
Brenmiller Energy — Investor Presentation (September 2024)
25 slides from Brenmiller Energy's investor presentation, Sep 23, 2024
Slide 1: Disclaimer
2 Nasdaq: BNRG Disclaimer 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
Slide 2: About Brenmiller Energy Ltd.
3 Nasdaq: BNRG Nasdaq listed: BNRG ABOUT Brenmiller Energy Ltd. Employees As of September 2024 ~50 Founded Capital investments 1 since inception 2012 $ 118 m We are a clean - tech company that develops, manufactures and sells our Thermal Energy Storage ( “ TES ” ) solutions to decarbonize heat for i
Slide 3: Dear Shareholders
4 Nasdaq: BNRG Dear Shareholders, I am pleased to provide you with an update on Brenmiller ’ s recent financial and operational achievements as of September 2024 . Our progress is a testament to our commitment to financial sustainability and long - term growth, and we are excited to share several ke
Slide 4: From Rocks to Thermal Energy Storage
5 Nasdaq: BNRG From Rocks to Thermal Energy Storage Thin metal cells ( “ bCells ” ) are filled with the crushed rocks Rocks are crushed to small bits bCells are stacked into 12 meter modules Electrical heaters are embedded Modules are assembled on - site to a structure Structure is insulated and con
Slide 5: Introducing bGen
6 Nasdaq: BNRG Embedded electrical heaters Introducing bGen TM Zero 100 ° - 500 ° Steam Hot air Source : Company materials Decarbonizing heat through tested thermal energy storage
Slide 6: Brenmiller Overview
7 Nasdaq: BNRG Brenmiller Overview ~ 97 % Round trip efficiency 1 4 G Wh Manufacturing capacity (at full scale) 7 Global projects 550 ˚C Steam capability ~ $ 440 m Commercial opportunities 103 MWh Cumulative projects to date 3,100 TWh Serviceable available market 2030 2 $ 118 m+ Capital invested to
Slide 7: Milestones
8 Nasdaq: BNRG 1 MWh IDF pilot Product development Full scale demonstration 0.5 MWh 4 MWh Commercial pilot 24 MWh Power plant pilot 32 MWh Heat as a service agreement Manufacturing plant 103 MWh to date Milestones Founded 2012 2014 2016 2022 2023 PILOTS TECHNOLOGY R& D COMMERCIAL Development Validat
Slide 8: Key Points
9 Nasdaq: BNRG Key Points Industry is the largest emitter of GHG ▪ 11 GT CO 2 annually from industrial heat 1 ▪ 25 % of total global GHG emissions from heat 2 Thermal Energy Storage ( “ TES ” ) = flexibility for grid ▪ TES charges when convenient for wind & solar ▪ Minimize curtailment & provide rel
Slide 9: Renewable Heat Essential for Net Zero
10 Nasdaq: BNRG Renewable Heat Essential for Net Zero Sources: 1 Rhodium Group; 2 International Energy Agency, Renewable energy for industry, 2017 Other , 13 % Industry , 32 % Transport , 31 % Residential , 24 % 26 % 74 % Electricity Heat Global energy consumption 30 % Natural Gas 45 % Coal 15 % Oil
Slide 10: Targeting 62 GWh Obtainable Market by 2030
11 Nasdaq: BNRG Aluminium Textiles Pulp, paper, print Food beverage, tobacco Chemicals Cement Iron and steel 0 1,000 GWh 2,000 GWh 10,000 GWh 3 % 3 % 94 % 2 % 10 % 14 % 73 % 11,000 4,500 21 % 10 % 3 % 66 % 5,000 41 % 39 % 11 % 8 % 2,000 11 % 83 % 4 % 2 % 2,000 500 400 69 % 10 % 30 % 65 % 25 % 11 % 6
Slide 11: Industrial Heat from Renewables is Viable
12 Nasdaq: BNRG ▪ Fossil fuels provide 90 % of industrial heat today 2 ▪ Power to heat TES is proven & able to scale to industrial level 3 ▪ Renewable Energy costs are more predictable and provide energy security 4 ▪ Industrial users looking for more cost - effective solutions 3 ▪ Less expensive, on
Slide 12: Charging at Cumulative Negative Prices is Becoming More Feasible
13 Nasdaq: BNRG Charging at Cumulative Negative Prices is Becoming More Feasible Source : Company materials Cumulative Negative Electricity Prices Will Increase Tenfold in the Years to Come Cumulative hours of negative wholesale power prices, forecasts for UK 750 500 250 0 1,000 hours 2027 2026 2025
Slide 13: Renewables + TES is Competitive Now
14 Nasdaq: BNRG 1 Source: McKinsey & Company Global Energy Perspective 2022 . 2 Company estimate based on off - peak electricity charging. Levelized cost of heat for selected technologies, $/MWh 1 Renewables + TES is Competitive Now C 0 2 emissions Other costs Heating equipment Storage Power Capex O
Slide 14: Business Models
15 Nasdaq: BNRG Business Models Diversified income stream from multiple services, tailored to customer Example in a European Country: 75 MWh Project Capitalized recurring revenue stream for 15 - year PPA Equipment Sales One - off sale with O&M contract Heat - as - a - service ( “ HaaS ” ) Supply cle
Slide 15: Tested Manufacturing Approach
16 Nasdaq: BNRG Tested Manufacturing Approach Market leader in live production capacity, operational capability edge attracting clients 4 GWh manufacturing capacity at full scale, supported by EIB funding Tested approach creates template to launch localized manufacturing in key geographies World ’ s
Slide 16: Go-to-Market Strategy
17 Nasdaq: BNRG Country selection ▪ Cost advantage over incumbent ▪ Grid service revenue streams ▪ Emission targets & carbon taxes Channel partners opening key markets Go - to - Market Strategy ▪ 100 - 600 ˚C temperature need ▪ Economically viable today ▪ Short sales cycles Flexible approach unlocks
Slide 17: Traction
18 Nasdaq: BNRG Traction Collaboration scope Geography Collaborator 24 MWh project Decarbonize industrial heat across Enel client base Global gas & electricity distributor 1 MWh biomass to steam project Brazil & Colombia Distributor of photovoltaic products In discussions for 2.5 GWh opportunities S
Slide 18: Commercial Pilots and Projects Under Development
19 Nasdaq: BNRG Commercial Pilots Off - peak electricity TES for hospital 12 MWh 32 MWh TES for beverage factory Hybrid charging TES 1 MWh Thermal power plant TES 24 MWh Commercial Projects Under Development 30 MWh TES for Pet Food Factory
Slide 19: Commercial Opportunities of ~6 GWh
20 Nasdaq: BNRG HaaS Equipment Attracted extensive commercial opportunity interest, diversified across geographies and services Commercial Opportunities of ~ 6 GWh USA Brazil Canada Netherland France Germany Hungary Spain Switzerland Israel Italy Australia India Building materials Mining and metals
Slide 20: Pursuing Attractive Heat-as-a-Service European Opportunities
21 Nasdaq: BNRG Pursuing Attractive Heat - as - a - Service European Opportunities Food Industry Juices & Beverages Building Materials Consumer Goods HaaS Projects Key Projects Source : Company materials Focusing on Industrial Segments
Slide 21: Company Catalysts
22 Nasdaq: BNRG $ 63 B addressable market 1 - Patented technology addresses tremendous demand for efficient, clean energy storage As renewable energy generation increases, the need for a reliable method to store clean energy is a major challenge facing industry and regulators BNRG is an industry lea
Slide 22: Introducing bGen Cool: New Opportunity in AI Data Center Cooling
Proposed new line of business Introducing bGen TM Cool » New Opportunity in AI Data Center Cooling • Brenmiller targets significant decarbonization and financial potential in the data center value chain, driven by the rapid growth of AI computing . • Estimates project a 160 % increase in data center
Slide 23: Leading Team
24 Nasdaq: BNRG Operational team Doron Brenmiller Director & CBO Nir Brenmiller Director & COO Ofir Zimmerman CFO Gilad Walker VP Projects Eli Lipman VP R& D Merav Gilad Head of Engineering Ronit Sade Head of EHS Rami Ezer VP Engineering Avi Sasson VP Operations Leading team Zvi Joseph Independent d
Slide 24: Leading Team
Leading team yh + sou Avi Brenmiller Chairman & CEO Board of Directors $036 Zvi Joseph Chen Franco-Yehuda Nava Swersky Sofer Miki Korner Independent director Independent director Independent director Independent director Operational team Doron Brenmiller Nir Brenmiller Of ir Zimmerman Gilad Walker E
Slide 25: Thank You
Thank You wy
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