Brenmiller Energy Ltd
bren-energy.comWhat Do They Do?
Develops and sells thermal energy storage systems, and provides energy services, for industrial facilities and power plants.
20-F for FY2025, filed Mar 25, 2026We are a technology and project development company that develops, produces, markets and sells TES systems based on our proprietary and…View ↗
The TES system is capable of being implemented as a stand-alone system or into both power plants and industrial facilities. Its…View ↗
In 2023, we began implementing our EaaS model, under which we install a bGen™ TES system at a customer’s site, provide operation and…View ↗
How Do They Make Money?
Customers pay for TES units when the finished product is delivered; charges for engineering services are tied to completed milestones. Under energy-as-a-service projects, Brenmiller sells steam or hot air at agreed prices or receives a fixed revenue stream for energy services.
20-F for FY2025, filed Mar 25, 2026The sale of TES units is recognized at a point in time when the Group delivers the product to the customer. Delivery of the TES units does…View ↗
Revenue from rendering engineering servicesView ↗
The Company provides, from time to time, ancillary engineering services in connection with the potential sale of the TES units. Revenue…View ↗
In 2023, we began implementing our EaaS model, under which we install a bGen™ TES system at a customer’s site, provide operation and…View ↗
$387K
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20-F for FY2025, filed Mar 25, 2026
$387K ↗
Who Are Their Customers?
Industrial facilities and power plants can buy equipment directly or through exclusive distributors; clean-energy utilities can partner on energy-as-a-service projects.
20-F for FY2025, filed Mar 25, 2026The TES system is capable of being implemented as a stand-alone system or into both power plants and industrial facilities. Its…View ↗
Energy as a Service: We plan to generate recurring revenue streams by partnering with clean energy utilities for grid services. We provide…View ↗
We are focused on the sale of TES equipment through several business models. To date, completed projects have primarily employed the…View ↗
We market our products through exclusive distributers in our target markets, with online marketing efforts to attract potential customers…View ↗
20-F for FY2025, filed Mar 25, 2026
In 2025 the Company recognized revenue from thermal energy storage unit provided to a customer in Europe (100%).View ↗
Do Revenues Turn Into Profits?
No. It lost $13.9M in FY2025.
How Are They Changing?
Flat. Revenue was $387K in FY2025, about the same as the $395K of FY2021.
Energy-as-a-service
The older report described an energy-service model as a plan; the latest says Brenmiller began implementing it and initiated its first contracts.
20-F for FY2022, filed Mar 22, 2023 20-F for FY2025, filed Mar 25, 2026We intend to implement in the near future a second business model, which we refer to as an ESCO – energy service company model, wherein we…View ↗
In 2023, we began implementing our EaaS model, under which we install a bGen™ TES system at a customer’s site, provide operation and…View ↗
Broader thermal storage range
The older report described its bGen thermal storage system; the latest also describes bGen ZERO and a modular bGen Thermal product family.
20-F for FY2022, filed Mar 22, 2023 20-F for FY2025, filed Mar 25, 2026We are a technology company that develops, produces, markets, and sells TES systems based on our proprietary and patented bGen™ technology.…View ↗
Bundled energy platform
The older report focused on equipment sales and a planned energy-service model; the latest adds plans to bundle thermal storage, solar power and batteries into clean heat and power offerings.
20-F for FY2022, filed Mar 22, 2023 20-F for FY2025, filed Mar 25, 2026In January 2026, we announced our BNRG360 integrated energy platform, representing a natural evolution of our business to offer a fully…View ↗
Who Do They Compete With?
Competes with Antora, Energy Nest, KraftBlock, Kyoto, and Rondo
20-F for FY2025, filed Mar 25, 2026There are a number of companies currently operating in the TES market, primarily due to technological and funding challenges that exist in…View ↗
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