Bloomberg Selects Brenmiller as 2024 BNEF Pioneers Finalist for Innovative Industrial Decarbonization Company

Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy” or the “Company”) (Nasdaq: BNRG), a global leader in thermal energy storage (“TES”), today announced it was chosen as a finalist in BloombergNEF’s BNEF Pioneers competition which identifies key challenges on the path to a net-zero economy and highlights innovative companies developing the technologies to overcome them.

Bloomberg Finance L.P.’s BloombergNEF is a leading provider of forward-thinking primary research and analysis on the trends driving the transition to a lower-carbon economy.

"We are pleased to be recognized by BloombergNEF, a leader in identifying disruptive technologies that drive the transition to clean power. This is the latest in a series of awards and nominations for Brenmiller and bGen,” stated Brenmiller’s Chairman and CEO, Avi Brenmiller. “Awards of this caliber support market adoption, which is primarily driven by the increasingly favorable economics for our industry-leading bGen thermal energy storage system.”

bGen, Brenmiller’s TES system, converts electricity into heat to power sustainable industrial processes at a price that is competitive with natural gas. The bGen charges by capturing low-cost electricity from renewables or the grid and stores it in crushed rocks. It then discharges steam, hot water or hot air on demand according to customer requirements. The bGen also supports the development of utility-scale renewables by providing critical flexibility and grid-balancing capabilities. bGen was named among TIME’s Best Inventions of 2023 in the Green Energy category.

About Brenmiller Energy Ltd.

Brenmiller Energy delivers scalable thermal energy storage solutions and services that allow customers to cost-effectively decarbonize their operations. Its patented bGen thermal storage technology enables the use of renewable energy resources, as well as waste heat, to heat crushed rocks to very high temperatures. They can then store this heat for minutes, hours, or even days before using it for industrial and power generation processes. With bGen, organizations have a way to use electricity, biomass and waste heat to generate the clean steam, hot water and hot air they need to mold plastic, process food and beverages, produce paper, manufacture chemicals and pharmaceuticals or drive steam turbines without burning fossil fuels. For more information visit the company’s website at https://bren-energy.com/ and follow the company on X (formerly Twitter) and LinkedIn.