on Brenmiller Energy (NASDAQ:BNRG)
Brenmiller Energy Announces Transformative Financing and Strategic Developments
Brenmiller Energy Ltd., a leader in Thermal Energy Storage, has secured an equity financing agreement with Alpha Capital Anstalt. This strategic move is expected to bolster the company's growth and operational focus. The agreement provides capital potential of up to $25 million, with an initial $1.2 million already received. The funds will aid Brenmiller in capitalizing on product innovation, commercial deployment, and scaling operations.
Brenmiller's bGen™ ZERO system is being installed in various global projects, including a significant deployment at Tempo Beverages in Israel. The system, replacing fossil-fueled boilers, aims to prove the viability of clean heat for industrial use.
In Europe, Brenmiller's initiatives include a €7 million project in Spain, supported by the European Hydrogen Bank, and additional projects estimated at €11 million. A partnership with ENASCO Ltd. aims to develop a hybrid Small Modular Reactor and bGen platform, targeting AI data centers and hydrogen production by 2030.
R. P.
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