Brenmiller Energy Unveils 2023-2024 ESG Report Driving Change
ROSH HA’AYIN, Israel—Brenmiller Energy Ltd. (“Brenmiller” or the “Company”) (Nasdaq: BNRG), is excited to announce the release of its annual Environmental, Social, and Governance (ESG) report. This comprehensive document reflects the Company's ongoing commitment to providing access to zero-emission industrial heat solutions, showcasing significant strides made through the innovative bGen™ ZERO technology.
Driving Innovation in Industrial Heat Solutions
The bGen™ ZERO provides energy-intensive organizations with an efficient method to harness electricity and residual heat, generating clean steam, hot water, and hot air for diverse industrial applications, including food and beverage processing and pharmaceutical production. This cutting-edge system demonstrates immense flexibility, enabling participation in grid-balancing markets, which helps reduce energy costs for customers and ultimately increases project revenues, paving the way for fully renewable power generation.
Landmark Year for Sustainable Energy
Avi Brenmiller, Chairman and CEO of Brenmiller Energy, remarked on the company's achievements, stating, "This has been a landmark year in our mission to deliver reliable, cost-efficient net-zero heat solutions. The adoption of thermal energy storage is at its peak, driven by growing corporate ESG initiatives and global decarbonization efforts. Our shareholders and stakeholders play an essential role in supporting our vision of transforming industrial energy with cleaner alternatives."
Highlights from the ESG Report
The ESG report documents several key highlights regarding Brenmiller Energy's progress:
- Expanding Global Impact: Presently, Brenmiller Energy is commissioning and installing seven projects worldwide with a total of 103 MWh of Thermal Energy Storage (TES) capacity.
- Industrial Innovation: The bGen™ ZERO system empowers energy-intensive sectors by providing a method to generate clean steam and hot water using sustainable energy sources.
- Grid Optimization: The system’s flexibility not only reduces customer energy costs but also aids in better integrating renewable energy into the grid.
- Sustainable Manufacturing: Brenmiller’s automated gigafactory for bGen™ ZERO aims to cut operational energy consumption to one-third of its previous levels at full production.
- Environmental Leadership: Designed for longevity and sustainability, the bGen™ ZERO systems utilize recyclable materials, minimizing the need for replacements over their lifespan.
Alignment with UN Sustainable Development Goals
Brenmiller Energy's initiatives contribute to seven UN Sustainable Development Goals, highlighting its commitment to:
- Affordable and Clean Energy (Goal 7)
- Decent Work and Economic Growth (Goal 8)
- Industry, Innovation, and Infrastructure (Goal 9)
- Sustainable Cities and Communities (Goal 11)
- Responsible Consumption and Production (Goal 12)
- Climate Action (Goal 13)
- Partnerships for the Goals (Goal 17)
ESG Targets Through 2026
The report elaborates on Brenmiller Energy's ESG objectives extending through 2026, signifying the Company’s unwavering dedication to advancing sustainable industrial practices.
Exploring bGen™ Technology
About bGen™
At the heart of Brenmiller’s initiatives is the bGen™ system. This thermal energy storage solution converts electricity into heat for sustainable manufacturing processes, offering competitive pricing compared to natural gas. The bGen™ effectively captures low-cost electricity from renewable sources or the grid, storing it in crushed rocks before releasing it as steam, hot water, or hot air on demand. This innovative model supports utility-scale renewables by providing essential flexibility and grid-balancing capabilities, recently earning recognition among TIME’s Best Inventions of 2023 in the Green Energy category.
About Brenmiller Energy Ltd.
Brenmiller Energy is dedicated to aiding energy-intensive industries and power producers in eliminating their dependence on fossil fuel boilers. Its innovative bGen™ thermal battery represents a modular, scalable energy storage solution that transforms renewable electricity into zero-emission heat. More than just a manufacturing facility, Brenmiller operates the only gigafactory focused on producing thermal batteries worldwide, earning the trust of leading multinational energy firms. For further insights, please visit the Company’s website.
Frequently Asked Questions
What is the focus of Brenmiller Energy's ESG report?
The report emphasizes the company's efforts to provide zero-emission industrial heat solutions and highlights their bGen™ ZERO technology.
How is the bGen™ ZERO technology utilized?
This technology aids various industries by converting electricity and residual heat into clean steam, hot water, and hot air for industrial processes.
What are some highlights from the ESG report?
Key highlights include the commissioning of global projects, innovations in energy generation, and commitments to grid optimization and environmental sustainability.
How does Brenmiller Energy support the UN Sustainable Development Goals?
The company’s operations align with multiple SDGs, including affordable energy, economic growth, and climate action.
What does Brenmiller's future look like?
Brenmiller Energy is committed to continual improvement in sustainability and aims to enhance its operational efficiency and industrial impact.
