{"success":true,"data":{"pressRelease":{"id":"150888","rtpr_id":"nNFC4RwMjJ-20260923","ticker":"BRNX","exchange":"NASDAQ","all_tickers":["BRNX"],"title":"BrenX: New IEA Special Report Identifies Thermal Storage as an \"Increasingly Promising Solution\" for Industrial Electrification","author":"Newsfile Corp","published_at":"2026-09-23T12:30:13.971Z","article_body":"IEA finds substantial cost-effective potential to electrify almost 40% of\nfossil fuel-based low- and medium-temperature industrial heat and identifies\ndairy and food processing among the applications well suited to\nelectrification\n\nRosh HaAyin, Israel--(Newsfile Corp. - September 23, 2026) - BrenX Ltd.\n(NASDAQ: BRNX) (the \"Company\" or \"BrenX\"), a provider of thermal energy\nstorage (\"TES\") and integrated industrial energy solutions, today commented on\nthe International Energy Agency's (\"IEA\") Special Report on Electrification,\nreleased on September 22, 2026. The report identifies thermal storage as an\n\"increasingly promising solution\" for electrifying industrial heat, the market\nthat BrenX serves with its bGen™ TES technology.\n\nThe IEA notes that, on average, electricity is not yet priced competitively\nwith fossil fuels in most markets for higher-temperature industrial heat.\nHowever, it also finds that \"electricity systems with high proportions of\nrenewables are increasingly providing very low-priced wholesale electricity\nduring certain periods,\" and that tapping into this flexibility where\ntechnically feasible \"could change the economics of electrification.\" The\nreport adds: \"Thermal storage is also an increasingly promising solution: it\ncan be used at a wide range of temperatures.\"\n\nAdditional findings from the IEA report include:\n* Industry accounts for nearly 40% of global final energy consumption, and\nelectricity meets only 28% of industrial energy use. The IEA finds substantial\ncost-effective potential to electrify almost 40% of fossil fuel-based low- and\nmedium-temperature heat in industry, based on today's technology costs, energy\nprices and financial conditions.\n* Applications such as dairy production, food processing and textiles, which\nrequire hot water, low-pressure steam and heat for drying, are described as\nwell suited to electrification.\n* The IEA warns that grids \"risk becoming a central constraint on how far and\nhow fast electrification can proceed,\" noting that industrial equipment, data\ncenters and other new loads need timely connections and sufficient local\nnetwork capacity.\nBrenX's bGen™ technology is designed for this use. It converts electricity\ninto high-temperature heat, stores it, and delivers steam or hot water when a\nfacility's production requires it. This can allow industrial customers to\ncharge the system during the low-priced periods the IEA describes and draw on\nthe stored heat as their processes require, which can also help ease the load\nthat new electric heat places on constrained local grids.\n\nBrenX's projects include applications relevant to the industrial\nelectrification trends highlighted by the IEA:\n* Food and beverage: The Company's 32 MWh bGen™ system at Tempo Beverages\nLtd. (\"Tempo\") in Israel has been assembled and integrated with the customer's\nproduction facility and is producing steam as part of the commissioning\nprocess.\n* Institutional steam: At Wolfson Medical Center in Israel, BrenX has received\nits construction permit and commenced on-site work on a 12 MWh bGen™ system\ndesigned to replace the hospital's fuel-oil boilers and provide steam and hot\nwater.\n* Integrated energy infrastructure: In Hungary, BrenX owns an operating 1.2\nMWp photovoltaic facility at the site of its planned first integrated energy\nresource center. Current plans contemplate expansion of the site to include up\nto 20 MW of solar generation, 6 MWh of battery energy storage and 12.5 MWh of\nthermal energy storage.\n* Earlier deployments: Earlier deployments include a 24 MWh system with Enel\nin Italy and a bGen™ installation with the New York Power Authority at SUNY\nPurchase College in the United States.\n\"The IEA's findings describe the market we have been building BrenX to serve,\"\nsaid Doron Brenmiller, Chief Business Officer of BrenX. \"Industrial companies\nneed heat and steam on their own schedule, while the cost and availability of\nelectricity vary through the day. Thermal storage can allow a facility to\nelectrify its heat and buy power during periods when electricity prices are\nmore favorable. With our system producing steam at Tempo, construction\nunderway at Wolfson Medical Center and our energy platform in Hungary moving\nforward, our focus and aim is on turning this opportunity into operating\nprojects and recurring revenue.\"\n\nAbout BrenX Ltd.\n\nBrenX provides thermal energy storage and integrated industrial energy\nsolutions. Building on its proprietary bGen™ thermal energy storage\ntechnology, the Company is expanding its strategy to develop, own, operate and\noptimize energy assets that may combine local generation, electrical and\nthermal storage, grid connectivity, and intelligent energy management around\ncustomer needs. BrenX is headquartered in Rosh Ha'Ayin, Israel. For more\ninformation, visit www.bren-x.com.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe safe harbor provisions of the Private Securities Litigation Reform Act of\n1995 and other federal securities laws. Statements that are not statements of\nhistorical fact may be deemed to be forward-looking statements. For example,\nthe Company is using forward-looking statements when discussing: the potential\nbenefits of bGen™ for industrial customers, including the ability to use\nelectricity during lower-priced periods and to help manage loads on local\ngrids; the completion of commissioning of the Tempo project; the construction,\ncompletion and operation of the Wolfson Medical Center project; the planned\ndevelopment and expansion of the Company's integrated energy resource center\nin Hungary, including the contemplated addition of solar generation, battery\nenergy storage and thermal energy storage; and the Company's ability and aim\nto develop and complete operating projects, generate recurring revenue and\nexecute its expanded strategy. Without limiting the generality of the\nforegoing, words such as \"plan,\" \"potential,\" \"may,\" \"will,\" \"expect,\"\n\"believe,\" \"anticipate,\" \"intend,\" \"could,\" \"estimate,\" \"seek,\" \"target,\"\n\"aim\" or \"continue\" are intended to identify forward-looking statements. The\nfindings, projections and scenarios described in the IEA report are those of\nthe IEA, are based on the IEA's own assumptions and methodologies, and are not\nguarantees of future market conditions.\n\nReaders are cautioned that actual results may differ materially from those\nexpressed or implied by forward-looking statements. Factors that may affect\nthe Company's results include, among others, the Company's ability to\ncomplete, commission and operate its projects as planned; construction,\nintegration, performance and customer acceptance risks; the Company's\nliquidity, capital requirements and ability to obtain additional financing;\nthe effect of financing transactions and anti-dilution provisions on the\nCompany's capital structure; the Company's ability to integrate and realize\nthe anticipated benefits of acquired assets; demand for and market acceptance\nof the Company's products; competitive, technological, supply-chain,\nregulatory and commercial risks; and political, economic and military\ninstability in Israel and the Middle East. The forward-looking statements\ncontained or implied in this press release are subject to other risks and\nuncertainties, including those described under \"Risk Factors\" in the Company's\nAnnual Report on Form 20-F for the year ended December 31, 2025, filed with\nthe U.S. Securities and Exchange Commission (the \"SEC\") on March 25, 2026, and\nin the Company's subsequent SEC filings. The Company undertakes no obligation\nto update any forward-looking statement, except as required by law.\n\nContact:\nCrescendo Communications, LLC\n212-671-1020\nBRNX@crescendo-ir.com\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/315621","article_body_html":"","raw_payload":{"data":{"id":"nNFC4RwMjJ-20260923","title":"BrenX: New IEA Special Report Identifies Thermal Storage as an \"Increasingly Promising Solution\" for Industrial Electrification","author":"Newsfile Corp","ticker":"BRNX","created":"2026-09-23T12:30:13.971Z","tickers":["BRNX"],"exchange":"NASDAQ","article_body":"IEA finds substantial cost-effective potential to electrify almost 40% of\nfossil fuel-based low- and medium-temperature industrial heat and identifies\ndairy and food processing among the applications well suited to\nelectrification\n\nRosh HaAyin, Israel--(Newsfile Corp. - September 23, 2026) - BrenX Ltd.\n(NASDAQ: BRNX) (the \"Company\" or \"BrenX\"), a provider of thermal energy\nstorage (\"TES\") and integrated industrial energy solutions, today commented on\nthe International Energy Agency's (\"IEA\") Special Report on Electrification,\nreleased on September 22, 2026. The report identifies thermal storage as an\n\"increasingly promising solution\" for electrifying industrial heat, the market\nthat BrenX serves with its bGen™ TES technology.\n\nThe IEA notes that, on average, electricity is not yet priced competitively\nwith fossil fuels in most markets for higher-temperature industrial heat.\nHowever, it also finds that \"electricity systems with high proportions of\nrenewables are increasingly providing very low-priced wholesale electricity\nduring certain periods,\" and that tapping into this flexibility where\ntechnically feasible \"could change the economics of electrification.\" The\nreport adds: \"Thermal storage is also an increasingly promising solution: it\ncan be used at a wide range of temperatures.\"\n\nAdditional findings from the IEA report include:\n* Industry accounts for nearly 40% of global final energy consumption, and\nelectricity meets only 28% of industrial energy use. The IEA finds substantial\ncost-effective potential to electrify almost 40% of fossil fuel-based low- and\nmedium-temperature heat in industry, based on today's technology costs, energy\nprices and financial conditions.\n* Applications such as dairy production, food processing and textiles, which\nrequire hot water, low-pressure steam and heat for drying, are described as\nwell suited to electrification.\n* The IEA warns that grids \"risk becoming a central constraint on how far and\nhow fast electrification can proceed,\" noting that industrial equipment, data\ncenters and other new loads need timely connections and sufficient local\nnetwork capacity.\nBrenX's bGen™ technology is designed for this use. It converts electricity\ninto high-temperature heat, stores it, and delivers steam or hot water when a\nfacility's production requires it. This can allow industrial customers to\ncharge the system during the low-priced periods the IEA describes and draw on\nthe stored heat as their processes require, which can also help ease the load\nthat new electric heat places on constrained local grids.\n\nBrenX's projects include applications relevant to the industrial\nelectrification trends highlighted by the IEA:\n* Food and beverage: The Company's 32 MWh bGen™ system at Tempo Beverages\nLtd. (\"Tempo\") in Israel has been assembled and integrated with the customer's\nproduction facility and is producing steam as part of the commissioning\nprocess.\n* Institutional steam: At Wolfson Medical Center in Israel, BrenX has received\nits construction permit and commenced on-site work on a 12 MWh bGen™ system\ndesigned to replace the hospital's fuel-oil boilers and provide steam and hot\nwater.\n* Integrated energy infrastructure: In Hungary, BrenX owns an operating 1.2\nMWp photovoltaic facility at the site of its planned first integrated energy\nresource center. Current plans contemplate expansion of the site to include up\nto 20 MW of solar generation, 6 MWh of battery energy storage and 12.5 MWh of\nthermal energy storage.\n* Earlier deployments: Earlier deployments include a 24 MWh system with Enel\nin Italy and a bGen™ installation with the New York Power Authority at SUNY\nPurchase College in the United States.\n\"The IEA's findings describe the market we have been building BrenX to serve,\"\nsaid Doron Brenmiller, Chief Business Officer of BrenX. \"Industrial companies\nneed heat and steam on their own schedule, while the cost and availability of\nelectricity vary through the day. Thermal storage can allow a facility to\nelectrify its heat and buy power during periods when electricity prices are\nmore favorable. With our system producing steam at Tempo, construction\nunderway at Wolfson Medical Center and our energy platform in Hungary moving\nforward, our focus and aim is on turning this opportunity into operating\nprojects and recurring revenue.\"\n\nAbout BrenX Ltd.\n\nBrenX provides thermal energy storage and integrated industrial energy\nsolutions. Building on its proprietary bGen™ thermal energy storage\ntechnology, the Company is expanding its strategy to develop, own, operate and\noptimize energy assets that may combine local generation, electrical and\nthermal storage, grid connectivity, and intelligent energy management around\ncustomer needs. BrenX is headquartered in Rosh Ha'Ayin, Israel. For more\ninformation, visit www.bren-x.com.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe safe harbor provisions of the Private Securities Litigation Reform Act of\n1995 and other federal securities laws. Statements that are not statements of\nhistorical fact may be deemed to be forward-looking statements. For example,\nthe Company is using forward-looking statements when discussing: the potential\nbenefits of bGen™ for industrial customers, including the ability to use\nelectricity during lower-priced periods and to help manage loads on local\ngrids; the completion of commissioning of the Tempo project; the construction,\ncompletion and operation of the Wolfson Medical Center project; the planned\ndevelopment and expansion of the Company's integrated energy resource center\nin Hungary, including the contemplated addition of solar generation, battery\nenergy storage and thermal energy storage; and the Company's ability and aim\nto develop and complete operating projects, generate recurring revenue and\nexecute its expanded strategy. Without limiting the generality of the\nforegoing, words such as \"plan,\" \"potential,\" \"may,\" \"will,\" \"expect,\"\n\"believe,\" \"anticipate,\" \"intend,\" \"could,\" \"estimate,\" \"seek,\" \"target,\"\n\"aim\" or \"continue\" are intended to identify forward-looking statements. The\nfindings, projections and scenarios described in the IEA report are those of\nthe IEA, are based on the IEA's own assumptions and methodologies, and are not\nguarantees of future market conditions.\n\nReaders are cautioned that actual results may differ materially from those\nexpressed or implied by forward-looking statements. Factors that may affect\nthe Company's results include, among others, the Company's ability to\ncomplete, commission and operate its projects as planned; construction,\nintegration, performance and customer acceptance risks; the Company's\nliquidity, capital requirements and ability to obtain additional financing;\nthe effect of financing transactions and anti-dilution provisions on the\nCompany's capital structure; the Company's ability to integrate and realize\nthe anticipated benefits of acquired assets; demand for and market acceptance\nof the Company's products; competitive, technological, supply-chain,\nregulatory and commercial risks; and political, economic and military\ninstability in Israel and the Middle East. The forward-looking statements\ncontained or implied in this press release are subject to other risks and\nuncertainties, including those described under \"Risk Factors\" in the Company's\nAnnual Report on Form 20-F for the year ended December 31, 2025, filed with\nthe U.S. Securities and Exchange Commission (the \"SEC\") on March 25, 2026, and\nin the Company's subsequent SEC filings. The Company undertakes no obligation\nto update any forward-looking statement, except as required by law.\n\nContact:\nCrescendo Communications, LLC\n212-671-1020\nBRNX@crescendo-ir.com\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/315621"},"type":"article","timestamp":"2026-09-23T12:30:14.012924837Z","server_sent_at_ms":1790166614012},"received_at":"2026-09-23T12:30:14.066Z","source_url":"https://www.newsfilecorp.com/release/315621"},"analysis":{"id":"139691","press_release_id":"150888","analysis_json":{"industry":{"label":"Building Products","sector":"Industrials"},"redFlags":["release is industry-report commentary rather than a concrete company disclosure","company flags liquidity, capital requirements and need for additional financing in forward-looking statements","geopolitical risk exposure in Israel/Middle East noted"],"eventType":"operations_update","narrative":"BrenX commented on the IEA's Special Report on Electrification, which identifies thermal storage as an 'increasingly promising solution' for electrifying industrial heat — the market BrenX serves with its bGen™ technology.\n\nThe IEA finds cost-effective potential to electrify almost 40% of fossil fuel-based low- and medium-temperature industrial heat, with dairy and food processing cited as well-suited applications.\n\nBrenX highlighted its 32 MWh bGen™ system at Tempo Beverages now producing steam during commissioning, construction underway on a 12 MWh system at Wolfson Medical Center, and a Hungary energy site planned to include up to 20 MW of solar, 6 MWh battery and 12.5 MWh thermal storage.\n\nNo new financial figures were disclosed; the release is primarily sector-validation commentary supporting the company's recurring-revenue strategy.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"IEA validation of thermal storage tailwind for BrenX, but no new financials — low signal."},"keyFigures":{"customDimensions":{"hungary_existing_pv_mwp":1.2,"hungary_planned_solar_mw":20,"tempo_beverages_system_mwh":32,"earlier_enel_deployment_mwh":24,"hungary_battery_storage_mwh":6,"hungary_thermal_storage_mwh":12.5,"iea_electrification_potential":"almost 40% of fossil fuel-based low- and medium-temperature industrial heat","wolfson_medical_center_system_mwh":12}},"quotedText":"The IEA's findings describe the market we have been building BrenX to serve","namedEntities":{"people":[{"name":"Doron Brenmiller","role":"Chief Business Officer of BrenX"}],"products":["bGen™ thermal energy storage"],"companies":[{"name":"BrenX Ltd.","ticker":"BRNX","relationship":"filer"},{"name":"International Energy Agency","relationship":"report author"},{"name":"Tempo Beverages Ltd.","relationship":"customer"},{"name":"Wolfson Medical Center","relationship":"customer"},{"name":"Enel","relationship":"earlier deployment partner"},{"name":"New York Power Authority","relationship":"earlier deployment partner"},{"name":"Crescendo Communications, LLC","relationship":"investor relations"}],"dollarAmounts":[]},"materialImpact":{"score":1,"reasoning":"Commentary on an IEA industry report rather than a company disclosure; no new financials, contracts, or guidance. Provides sector validation but no directly quantifiable impact on the filer."},"tickerRelevance":{"others":[],"primary":"BRNX"},"globalImportance":12,"audienceRelevance":8,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"industry-commentary-no-new-disclosure","issuerAuthored":true,"retailFavoriteBoost":0}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"BrenX commented on the IEA's Special Report on Electrification, which identifies thermal storage as an 'increasingly promising solution' for electrifying industrial heat — the market BrenX serves with its bGen™ technology.\n\nThe IEA finds cost-effective potential to electrify almost 40% of fossil fuel-based low- and medium-temperature industrial heat, with dairy and food processing cited as well-suited applications.\n\nBrenX highlighted its 32 MWh bGen™ system at Tempo Beverages now producing steam during commissioning, construction underway on a 12 MWh system at Wolfson Medical Center, and a Hungary energy site planned to include up to 20 MW of solar, 6 MWh battery and 12.5 MWh thermal storage.\n\nNo new financial figures were disclosed; the release is primarily sector-validation commentary supporting the company's recurring-revenue strategy.","key_figures":{"customDimensions":{"hungary_existing_pv_mwp":1.2,"hungary_planned_solar_mw":20,"tempo_beverages_system_mwh":32,"earlier_enel_deployment_mwh":24,"hungary_battery_storage_mwh":6,"hungary_thermal_storage_mwh":12.5,"iea_electrification_potential":"almost 40% of fossil fuel-based low- and medium-temperature industrial heat","wolfson_medical_center_system_mwh":12}},"named_entities":{"people":[{"name":"Doron Brenmiller","role":"Chief Business Officer of BrenX"}],"products":["bGen™ thermal energy storage"],"companies":[{"name":"BrenX Ltd.","ticker":"BRNX","relationship":"filer"},{"name":"International Energy Agency","relationship":"report author"},{"name":"Tempo Beverages Ltd.","relationship":"customer"},{"name":"Wolfson Medical Center","relationship":"customer"},{"name":"Enel","relationship":"earlier deployment partner"},{"name":"New York Power Authority","relationship":"earlier deployment partner"},{"name":"Crescendo Communications, LLC","relationship":"investor relations"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-23T12:30:21.586Z","global_importance":12,"audience_relevance":8,"importance_components":{"tickerTier":"micro-cap","eventGravity":"industry-commentary-no-new-disclosure","issuerAuthored":true,"retailFavoriteBoost":0}},"durationMs":7512,"modelName":"glm-5.3-flashx"}}