- Brenmiller Energy reported **revenues of $387,000** for the six months ended June 30, 2025, compared to $0 in the same period of 2024, primarily from its bGen installation with Enel.  **[1901215_0001213900-25-093469_ea025460501ex99-1_brenmiller.htm:0]** **[1901215_0001213900-25-093469_ea025460501ex99-2_brenmiller.htm:1]** **[1901215_0001213900-25-093469_ea025460501ex99-3_brenmiller.htm:8]**  The company's **net loss increased to $7.45 million** for the six months ended June 30, 2025, from $1.58 million in the prior year period.  **[1901215_0001213900-25-093469_ea025460501ex99-1_brenmiller.htm:0]** **[1901215_0001213900-25-093469_ea025460501ex99-2_brenmiller.htm:1]** **[1901215_0001213900-25-093469_ea025460501ex99-3_brenmiller.htm:8]** 
- The company signed a private placement agreement in July 2025 for up to **$25 million** in equity financing, having already closed two funding rounds totaling **$5.2 million**.  **[1901215_0001213900-25-093469_ea025460501ex99-1_brenmiller.htm:0]**  Additionally, a May 2025 public offering generated approximately **$1.5 million** in gross proceeds, and an At-the-Market offering yielded approximately **$2.127 million** net consideration by June 30, 2025.  **[1901215_0001213900-25-093469_ea025460501ex99-3_brenmiller.htm:3]** 
- A Systems Purchase Agreement was signed with **Baran Energy** for the Tempo and Wolfson projects, with Brenmiller expecting **$1.7 million in revenues from the Tempo project during 2026**.  **[1901215_0001213900-25-093469_ea025460501ex99-1_brenmiller.htm:0]**  Two European projects are also estimated to receive **€11 million** in funding for bGen systems.  **[1901215_0001213900-25-093469_ea025460501ex99-1_brenmiller.htm:1]** 
- Brenmiller Energy effected a **5-for-1 reverse share split** on June 20, 2025.  **[1901215_0001213900-25-093469_ea025460501ex99-3_brenmiller.htm:4]**

Brenmiller Energy Reports First Half 2025 Financial Results and Strategic Updates

- Brenmiller Energy Ltd. secured **$3.8 million** through an equity closing with Alpha Capital Anstalt, issuing **3,800 preferred shares** and ordinary warrants, to strengthen its working capital and support thermal energy storage projects.  **[1901215_20fcd9ee7a3a494781f77d27e03b4171]**  This transaction was completed following shareholder approval on **September 25, 2025**.  **[1901215_20fcd9ee7a3a494781f77d27e03b4171]** 
- The company signed a significant system purchase agreement with Baran Energy to develop **two bGen ZERO TES systems** with a combined capacity of **44 MWh** for Tempo Beverages and Wolfson Medical Center.  **[1901215_20fcd9ee7a3a494781f77d27e03b4171]**  Brenmiller will retain intellectual property rights and manage ongoing operations and maintenance for these systems.  **[1901215_20fcd9ee7a3a494781f77d27e03b4171]** 
- Despite these strategic developments, Brenmiller faces financial challenges, including **zero current revenue**, **high leverage**, **negative cash flows**, and **persistent losses**, leading analysts to rate the stock as an **underperform**.  **[1901215_20fcd9ee7a3a494781f77d27e03b4171]**

Brenmiller Energy (BNRG)