Brenmiller Energy reported H1 2024 financial results, highlighting a project pipeline potentially worth up to $500 million. The company secured a $1.05 million private placement at a 52% premium and is expanding its bGen thermal battery technology into cooling AI data centers.Key developments include a 12-year Heat as a Service agreement with a major European pet food manufacturer, progress on a 32 MWh system for Heineken-backed Tempo Beverages, and a $3.55 million deal with Wolfson Hospital in Israel. Brenmiller also signed distribution agreements in the US Northeast and Canada.Financially, Brenmiller ended H1 2024 with $6.99 million in cash and equivalents, up from $3.21 million at 2023-end. Operating loss narrowed slightly to $5.38 million, while net loss decreased 70% to $1.58 million, primarily due to financial income from warrant valuation adjustments. The company expects its gigafactory to be fully operational by end-2024, with 4 GWh annual production capacity.

Brenmiller Energy reported H1 2024 financial results, highlighting a project pipeline potentially worth up to $500 million. The company secured a $1.05 million private placement at a 52% premium and is expanding its bGen thermal battery technology into cooling AI data centers.Key developments include a 12-year Heat as a Service agreement with a major European pet food manufacturer, progress on a 32 MWh system for Heineken-backed Tempo Beverages, and a $3.55 million deal with Wolfson Hospital in Israel. Brenmiller also signed distribution agreements in the US Northeast and Canada.Financially, Brenmiller ended H1 2024 with $6.99 million in cash and equivalents, up from $3.21 million at 2023-end. Operating loss narrowed slightly to $5.38 million, while net loss decreased 70% to $1.58 million, primarily due to financial income from warrant valuation adjustments. The company expects its gigafactory to be fully operational by end-2024, with 4 GWh annual production capacity.