Generating industrial heat accounts for about 10% of global greenhouse gas emissions, surpassing the combined pollution from all cars, planes, and ships. Yet, efforts to green industrial processes often overlook heat. Electrification, the current green approach, faces hurdles like grid constraints and high costs. Brenmiller Energy Ltd. (NASDAQ: BNRG) offers an alternative with its bGen thermal energy storage (TES) platform, which uses crushed volcanic rock to store renewable electricity as high-temperature heat, releasing it on demand as zero-emission steam, hot water, or air.
To reduce upfront costs for customers, Brenmiller introduced BNRG360, an energy-as-a-service model where the company develops, owns, and operates the clean energy systems. This shifts Brenmiller from an equipment supplier to an integrated energy infrastructure firm, generating recurring revenues through long-term service agreements. The model is designed to deepen customer relationships and capture greater long-term value as the installed base grows.
The TES market is projected to grow at a CAGR of 10%, reaching nearly $14 billion by 2032, driven by rising electricity consumption, industrial electrification, grid modernization, and increasing renewable energy penetration. Additionally, AI and data center expansion are adding pressure on electrical infrastructure, boosting demand for flexible energy systems.
Brenmiller's system is already operational at Tempo Beverages Ltd., a 32-megawatt-hour TES installation that supplies continuous industrial process steam, replacing fossil fuel boilers. The project is expected to eliminate about 6,200 tons of CO₂ emissions annually and serves as a commercial reference for future deployments. Brenmiller is also in talks with other companies for decarbonization projects.
Looking ahead, Brenmiller focuses on growth, cash flow, and sustainable profitability, aiming to leverage its bGen platform and BNRG360 model to help industries decarbonize. For more information, visit the company's website.
