Brenmiller Energy outlines new corporate structure

TEL AVIV - Brenmiller Energy Ltd. (NASDAQ:BNRG), a global provider of thermal energy storage solutions, has announced a strategic shift in its corporate structure aimed at accelerating its path to positive cash flow. According to InvestingPro data, this restructuring comes at a crucial time as the company is quickly burning through cash, with negative free cash flow of $9.85 million in the last twelve months. The company’s CEO, Avi Brenmiller, shared in a letter to shareholders that this reorganization involves the creation of European subsidiaries to attract private capital without diluting public shareholder equity.

The restructuring comes as Brenmiller Energy capitalizes on the growing demand for clean heat solutions, with an over $500 million pipeline of commercial opportunities. While InvestingPro analysis suggests the stock is currently undervalued, the company maintains a healthy current ratio of 2.25, indicating strong ability to meet short-term obligations. The company’s patented bGen thermal battery system, which has been deployed across three continents, offers a modular and scalable energy storage solution that converts renewable electricity into zero-emission heat.

Brenmiller’s recent progress includes the nearing completion of its flagship Tempo project in Israel, which exemplifies the company’s commitment to replacing fossil fuel boilers with clean energy technology. The company’s CEO emphasized that the reorganization would not only optimize financial profiles by shifting operating costs to subsidiaries but also generate licensing revenues and enhance public market valuation.

The announcement follows an April 28th power outage in Spain and nearby countries, which Brenmiller Energy believes underscores the need for reliable energy storage solutions like theirs. The company’s technology roadmap through 2030 includes plans to launch new systems every 12 to 18 months to maintain a competitive edge in the global thermal energy storage sector.

Brenmiller Energy’s approach to energy storage aims to reduce industrial emissions, stabilize energy costs, and integrate seamlessly with renewable energy sources without relying on subsidies or regulatory incentives. This strategy is set to position Brenmiller as a leader in the transition to decarbonized heat and a stable energy grid.

This news is based on a press release statement from Brenmiller Energy Ltd. and reflects the company’s current plans and expectations for its corporate structure and technology development.

In other recent news, DarioHealth Corp. announced the upcoming retirement of its Chief Financial Officer, Zvi Ben-David, effective May 15, 2025. Chen Franco-Yehuda will assume the roles of CFO, Treasurer, and Secretary following Ben-David’s retirement. Franco-Yehuda, who previously held similar positions at Pluri Inc., brings extensive experience in financial strategy and capital markets to DarioHealth. Her appointment is part of a planned transition, with Ben-David continuing in an advisory capacity until the end of June. Erez Raphael, CEO of DarioHealth, expressed gratitude for Ben-David’s contributions and optimism about Franco-Yehuda’s future impact. During Ben-David’s tenure, DarioHealth expanded its digital health platform to cover multiple chronic conditions, including diabetes and hypertension. The company emphasized its commitment to transparency and regulatory compliance, noting that actual results may vary due to market conditions and regulatory factors.

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