Brenmiller Energy Ltd (NASDAQ: BNRG) stock experienced a 3.6% increase during Thursday's premarket session following the rollout of its new integrated energy offering, BNRG360. This approach aims to deliver combined heat and power services to industrial sectors through long-term contract structures.
Traditionally recognized for its thermal energy storage technology, Brenmiller Energy is expanding its market scope by bundling its proprietary bGen™ thermal storage systems with solar photovoltaic installations and battery storage technologies. This integrated platform allows industrial customers to secure access to decarbonized heat and power sources via contractual agreements that eliminate the need for initial capital expenditure.
CEO Avi Brenmiller commented on this development, stating, "The launch of BNRG360 marks a significant step forward in our value creation approach. Industrial clients increasingly demand a singular, accountable partner to handle their complex energy needs."
The strategy behind BNRG360 is geared toward accelerating industrial decarbonization efforts while mitigating financial and project-related risks. By coupling proprietary thermal storage units with established renewable assets under contractual frameworks, Brenmiller intends to enhance project bankability, which can translate into lower capital costs and hastened revenue collection.
In the European market, Brenmiller Energy plans to leverage and strengthen existing collaborations with firms like VIRIDI RE and Green Enesys. Shared use of critical project infrastructure, including grid connections and land rights, is expected to improve economic viability and reduce project development timelines.
The BNRG360 service platform is envisioned to feature solar power integrated directly with industrial facilities, paired battery storage solutions, and thermal batteries engineered to transform renewable electric power into industrial-grade heat. Customers will have the flexibility to contract for individual electricity or heat services, or opt for fully integrated energy offerings.