Brenmiller Energy Ltd. (NASDAQ: BNRG), a thermal energy storage specialist, has accelerated the rollout of its BNRG360 platform as Europe faces another sharp spike in natural gas prices.
With costs soaring above €60 per megawatt-hour amid severe disruption to global supply routes, industrial operators across the EU are once again grappling with rising energy bills and renewed concerns over security of supply.
The shutdown of Qatar’s largest LNG export facility and stalled tanker movements through the Strait of Hormuz have intensified pressure on European industry. This latest shock follows the upheaval triggered by Russia’s 2022 invasion of Ukraine, leaving manufacturers paying significantly more for energy than competitors in the US. Gas storage levels across the EU remain at roughly 30% capacity, adding urgency to efforts to reduce reliance on imported fossil fuels.
Brenmiller’s BNRG360 strategy aims to offer industrial customers bundled heat and power delivered through renewable generation and storage. Built around the company’s patented bGen thermal energy storage system, the platform is designed to provide stable, clean and cost‑controlled energy under long‑term agreements, reducing exposure to volatile fuel markets. Revenue streams may include power purchase agreements, grid services and direct industrial offtake, with the model intended for replication across European markets.
“We believe that the EU has an alternative to fossil fuel dependency, and the technology exists today to implement it,” said Avi Brenmiller, Chief Executive Officer and Co‑Founder. “We can take abundant renewable resources like solar, combine them with storage technologies, with the aim of producing an energy supply that is cleaner, cheaper and permanently hedged against price shocks.”
The bGen system stores electricity as heat in crushed rocks and can deliver steam, hot air or hot water on demand. With a lifespan of around 30 years, 97% efficiency and scalable capacity from 10MWh to 500MWh, it is engineered as a long‑term backbone for industrial decarbonisation.
Image credit: Brenmiller
