Brenmiller Energy Ltd (OQ:BNRG)
Business Focus: Renewable Energy Equipment & Services
| Sector: Energy | Industry: Renewable Energy Equipment & Services |
| Company Contact | |
| Address: | 13 Amal St. Park Afek ROSH HA'AYIN 4809249 |
| Tel: | N/A |
| Website: | https://bren-energy.com |
| IR: | See website |
| Key People | ||
| Avraham Brenmiller Chairman of the Board, Chief Executive Officer | Doron Brenmiller Executive Vice President, Director | Nir Brenmiller Executive Vice President, Director |
| Avi Sasson Vice President - Operations | Haim Laham Internal Auditor | |
| Business Overview |
| Brenmiller Energy Ltd is an Israel-based company, which provides sustainable thermal energy storage solutions. The Company's technology bGen is a patented high-temperature thermal energy storage unit stored in solid state material enables the storage of energy generated from different renewable sources: electrical, such as photovoltaic, wind, or grid at off-peak; Thermal sources such as biomass, flue-gas, and deliver steam or hot air on demand. The Company has developed a number of products on the basis of its bGen technology, which it markets to players in the field of power plants and industry, and commercial facilities which consume thermal energy in significant quantities for the purpose of their activity to reduction emission. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Brenmiller Energy Ltd revenues decreased 59% to $621K. Net loss decreased 13% to $9.6M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Impairment - Fixed Assets decrease from $171K (expense) to $0K. Basic Earnings per Share excluding Extraordinary Items increased from -$7.57 to -$4.94. |
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