24/7 Market News Snapshot 31 December, 2024 – Brenmiller Energy Ltd Ordinary Shares (NASDAQ:BNRG)

December 31, 2024

DENVER, Colo., 31 December, 2024 (247marketnews.com) – (NASDAQ:BNRG) are discussed in this article.
Brenmiller Energy Ltd. has experienced a notable surge in market interest, with its Ordinary Shares (BNRG) escalating over 28% in pre-market trading, reaching $1.295. This rise, alongside a significant trading volume of 1.34 million shares, reflects robust investor enthusiasm and marks a substantial advancement in BNRG’s presence within the renewable energy sector. Analysts continue to monitor this bullish trend, indicating the potential for further market gains.

In conjunction with this market momentum, Brenmiller Energy announces critical progress on its flagship bGen™ thermal energy storage (TES) project tailored for a prominent beverage processor. The company has successfully concluded preparatory activities and selected a local contractor to manage the construction and implementation of the project. The partnership is essential for ensuring compliance with safety regulations and smooth operational coordination.

Avi Brenmiller, Chairman and CEO of Brenmiller Energy, articulated his optimism regarding the project, noting the contractor’s reputation for timely and safe execution. He emphasized the project’s alignment with the company’s commitment to customer satisfaction.

The bGen™ ZERO system, upon completion, aims to replace traditional fossil fuel boilers, positioning itself as a sustainable primary heat source. By transitioning from heavy fuel oil to electricity, it is projected to mitigate over 6,200 tons of carbon emissions annually and achieve cost savings of approximately $7.5 million over a 15-year horizon.

The bGen™ ZERO technology captures low-cost electricity from renewable sources or the grid, storing it in crushed rocks for flexible energy use. Honored in TIME’s Best Inventions of 2023 within the Green Energy category, the system enhances the grid’s reliability while enabling a transition to sustainable energy solutions. Brenmiller Energy is dedicated to innovating thermal storage technologies, reinforcing its role as a leader in fostering a clean energy future.

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