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ROSH HA’AYIN, Israel - Brenmiller Energy Ltd. (NASDAQ:BNRG), a micro-cap thermal energy storage solutions provider currently valued at $3.82 million, announced Tuesday it expects to generate $1.7 million in revenue from its Tempo Beverages project in 2026 following a new system purchase agreement with Baran Energy. The announcement comes as the company’s stock trades near its 52-week low of $1.64, having declined over 73% year-to-date according to InvestingPro data.
The agreement covers the completion and launch of two bGen ZERO thermal storage systems at Tempo Beverages and Wolfson Medical Center in Israel. Under the terms, Baran Energy will take ownership of both projects and make milestone-based payments to Brenmiller during construction and commissioning.
Brenmiller will retain all intellectual property rights and continue providing operations and maintenance services for both systems. The company will also receive profit-sharing based on revenues from end customers.
The Tempo project is expected to begin commercial operations in 2026, with Wolfson following by late 2026 or early 2027. According to company estimates, the bGen installation at Tempo could save $7.5 million over 15 years, while Wolfson could save up to $1.3 million annually.
In July, Brenmiller secured a securities purchase agreement for up to $25 million with an institutional shareholder, having already closed $5.2 million in funding through preferred shares and warrants.
The company also reported progress on European projects, with an estimated €7 million in bGen system supply for the SolWinHy Project in Spain, which received €25 million in European Hydrogen Bank funding. A separate EU Innovation Fund project is providing an estimated €4 million for Brenmiller’s Spain-based joint venture.
For the six months ended June 30, 2025, Brenmiller reported revenues of $387,000 compared to zero in the same period of 2024. Operating loss was $6.57 million, up from $5.38 million a year earlier. InvestingPro analysis indicates the company maintains a weak financial health score of 1.11, though it maintains a healthy current ratio of 2.25, suggesting adequate short-term liquidity.
The company had $2.16 million in cash, cash equivalents, and restricted deposits as of June 30, 2025, down from $4.13 million at the end of 2024. InvestingPro analysis reveals the company is quickly burning through cash, with 14 additional key insights available to subscribers. Despite current market challenges, InvestingPro’s Fair Value analysis suggests the stock may be undervalued at current levels.
This article is based on information from a company press release.
In other recent news, Brenmiller Energy Ltd. has announced several significant developments. The company issued $3.8 million in preferred shares and warrants to Alpha Capital Anstalt, with each preferred share valued at $1,000 and convertible into ordinary shares. Additionally, Brenmiller Energy has secured an equity financing agreement with Alpha Capital, potentially providing up to $25 million in staged funding. The initial stage of $1.2 million has been received, and a second tranche of $3.8 million is pending shareholder approval. Moreover, Brenmiller Energy has signed an agreement with Baran Energy to sell two thermal energy storage projects in Israel, totaling 44 MWh of storage capacity. Shareholders have also approved all proposals at the company’s Annual and Special General Meeting, including amendments to the Articles of Association and an updated Compensation Policy. These recent developments reflect Brenmiller Energy’s ongoing efforts to strengthen its financial position and expand its operations.
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