Brenmiller Energy reports $387,000 revenue in first half 2025

Brenmiller Energy Ltd. (NASDAQ: BNRG) reported revenues of $387,000 for the six months ended June 30, 2025, compared to zero revenue in the same period of 2024. The revenues were generated from the company's bGen installation with Enel, Italy's largest utility.

The thermal energy storage company posted an operating loss of $6.57 million for the first half of 2025, compared to $5.38 million in the same period of 2024. Net loss increased to $7.45 million from $1.58 million in the prior year period.

Brenmiller signed a System Purchase Agreement with Baran Energy, a subsidiary of Baran Group Ltd. (TASE: BRAN), for two bGen ZERO systems at Tempo Beverages Ltd. and Wolfson Medical Center. Under the agreement, Baran will assume ownership of the projects and make milestone-based payments to Brenmiller during construction and commissioning. Brenmiller will retain intellectual property rights and provide operations and maintenance services.

The company projects $1.7 million in revenues from the Tempo project during 2026, with commercial operation expected to begin that year. Wolfson is expected to ramp up for revenues by the end of 2026 or early 2027.

In July 2025, Brenmiller signed a securities purchase agreement for up to $25 million with an institutional shareholder. The company has closed on $5.2 million from the purchase of preferred shares, pre-funded warrants and ordinary warrants, with the potential to raise an additional $20 million.

Two European projects are estimated to receive €11 million for bGen systems. The SolWinHy Project in Spain received €25 million in funding from the European Hydrogen Bank, with Brenmiller's supply estimated at approximately €7 million. A separate project received an estimated €4 million from the European Union's Innovation Fund.

As of June 30, 2025, Brenmiller had cash, cash equivalents, and restricted deposits totaling $2.16 million, compared to $4.13 million as of December 31, 2024.

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