Industrial heat generation accounts for approximately 10% of global greenhouse gas emissions, surpassing emissions from all cars, planes, and ships combined. Despite this, efforts to decarbonize industries such as steel, cement, and glass production have largely overlooked thermal energy. Electrification, the current green alternative, faces challenges including grid capacity constraints, high electricity costs, and difficulty reaching ultra-high temperatures. Meanwhile, traditional fossil fuel combustion remains environmentally costly. Brenmiller Energy Ltd. (NASDAQ: BNRG) aims to address this gap 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. The company recently introduced BNRG360, an energy-as-a-service model that eliminates upfront costs by having Brenmiller develop, own, and operate the clean energy systems, providing heat and power through long-term service agreements. This shift from equipment supplier to integrated energy infrastructure company is designed to generate recurring revenues and deepen customer relationships.
The global TES market is projected to grow at a compound annual growth rate of 10% through 2032, reaching nearly $14 billion, driven by rising electricity consumption, industrial electrification, grid modernization, and increasing renewable energy penetration. Brenmiller's bGen platform is already being deployed at Tempo Beverages Ltd., a 32-megawatt-hour TES installation that supplies continuous industrial process steam, replacing fossil fuel boilers and eliminating approximately 6,200 tons of CO₂ emissions annually. The system began delivering steam in June and is intended to serve as a commercial reference for future industrial decarbonization projects. Brenmiller is also in discussions with other companies for similar deployments.
By focusing on growth, cash flow, and sustainable profitability, Brenmiller aims to capitalize on the urgent need for alternative energy sources in the industrial sector. More information is available at the company's website. This content was originally published on Benzinga.
