24/7 Market News Snapshot 23 December, 2024 – Brenmiller Energy Ltd Ordinary Shares (NASDAQ:BNRG)

December 23, 2024

DENVER, Colo., 23 December, 2024 (247marketnews.com) – (NASDAQ:BNRG) are discussed in this article.
Brenmiller Energy Ltd., a leading provider of thermal energy storage solutions, has seen a significant surge in trading activity, with pre-market shares rising 10.58% to $0.833, following positive market sentiment likely tied to recent developments. Current trading volume reflects robust investor interest, totaling 4.71 million shares, indicating potential momentum for continued growth. Traders are advised to monitor key resistance levels around the $0.85 mark to evaluate the sustainability of this bullish trend.

In operational advancements, Brenmiller has achieved a critical milestone in its thermal energy storage project for Tempo Beverages Ltd., with a secured 40% financial commitment from Tempo. The production of Brenmiller’s innovative bGen™ components will occur at its gigafactory, with initial shipments scheduled for January 2025. The company is on track to complete the commissioning of the thermal energy storage system by the same year, underscoring its commitment to adhere to project timelines.

Avi Brenmiller, Chairman and CEO of Brenmiller Energy, reiterated the company’s dedication to stakeholder commitments, expressing eagerness to begin system assembly at Tempo’s beverage processing facility. The installation of a 32 MWh bGen™ ZERO thermal energy storage system is set to replace Tempo’s fossil fuel boilers, aiming to eliminate nearly 2,000 tons of heavy fuel and reducing carbon emissions by approximately 6,200 tons annually. This transition is expected to yield savings of about $7.5 million over 15 years.

Brenmiller’s bGen™ ZERO system not only enhances energy efficiency but also plays a vital role in the deployment of utility-scale renewable energy, offering essential grid-balancing capabilities. Recently recognized as one of TIME’s Best Inventions of 2023 in the Green Energy category, this innovation represents a significant transformation in the energy sector.

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