Jul. 7 at 1:13 PM
$BNRG BNRG launches 'BrenX' to shift from TES sales to owning integrated energy assets; buys 1.2 MW Hungarian solar site
Brenmiller (BNRG) unveiled BrenX, a long-term strategy to evolve from selling thermal energy storage (TES) equipment into developing, owning and operating integrated energy infrastructure designed to generate recurring revenue from renewable power, industrial heat, TES, battery storage and potentially digital infrastructure. The company’s first execution step was a ~
$1.1M purchase of a 1.2 MWp PV facility in Hungary, which it says should contribute about
$173K of average annual revenue and serve as a foundation to expand into broader energy hubs and add complementary services.