Brenmiller Energy Appoints Boaz Toshav to Serve as an Independent Director on the Board
Experienced Global Investment Executive and Strategic Advisor to Support the Company's Next Phase of Growth
ROSH HA'AYIN, IL / ACCESS Newswire / June 20, 2025 / Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy", or the "Company") (Nasdaq:BNRG), a leading global provider of Thermal Energy Storage (TES) solutions for industrial and utility customers, today announced the appointment of Mr. Boaz Toshav as an Independent Director to its Board of Directors (the "Board"), effective immediately.
Mr. Toshav previously served on the Company's Board from June 2023 until August 2024. Mr. Toshav has over 20 years of experience in investment banking, fixed income and mergers and acquisitions advisory services. He is currently President and Chairman of Rio Ave FC (Primeira Liga), a professional Portuguese football (soccer) club, and he previously served as a senior financial advisor to UK-based Nottingham Forest FC and Greece-based Olympiacos FC. Mr. Toshav also currently serves as the Chief Executive Officer of Umbrella Advisors Ltd., a boutique investment bank and financial advisory firm he founded in 2014. Mr. Toshav has also been a board member of Intelicanna Ltd. (TASE: INTL) and Getruck Ltd. since 2018 and 2021, respectively. Mr. Toshav received a Bachelor of Arts degree in Economics and Business Administration from Tel Aviv University, as well as a Master of Philosophy from Tel Aviv University. Mr. Toshav qualified as a United Kingdom Financial Services Authority certified investment advisor in 2005.
"We are honored to welcome Boaz back to our Board," said Avi Brenmiller, Chairman and Chief Executive Officer of Brenmiller Energy. "His proven ability to navigate financial markets, advise boards, and drive strategic partnerships will be instrumental as we enter a pivotal moment in our Company's evolution. With multiple commercial projects underway and a growing global footprint, we believe that Boaz's appointment will strengthen our governance and position us to realize significant value creation for our shareholders."
Mr. Toshav succeeds Ms. Nava Swersky Sofer, who concluded her term on the Board following six years of dedicated service. Ms. Swersky Sofer's departure was in accordance with the natural expiration of her term and was not the result of any disagreement with the Company. The Board and management extend their sincere appreciation for her strategic insight and leadership during a period of meaningful growth and transformation at Brenmiller Energy.
This appointment follows Brenmiller's recent strategic milestones, including project deployments in Europe, Israel, and the United States. Notably, the European Hydrogen Bank has granted SolWinHy Cádiz S.L. (the "SolWinHy Project") in Arcos de la Frontera, Spain, €25 million in funding. SolWinHy is a special purpose company jointly owned by leading renewable energy developers Green Enesys Group ("Green Enesys") and Viridi RE ("Viridi") to build new green hydrogen and green e-methanol projects in Europe. Green Enesys and Viridi are Brenmiller's joint venture partners in Brenmiller Europe S.L. ("Brenmiller Europe"). The Company estimates its supply of the bGen™ TES system for the SolWinHy Project to be approximately €7 million. The Company believes that its involvement with the SolWinHy Project reinforces the strength of its bGen™ technology and the Company's role in enabling renewable fuel production at scale. Brenmiller continues to expand its role as a key enabler of flexible, clean industrial heat in support of global net-zero targets.
About Brenmiller Energy Ltd.
Brenmiller Energy helps energy-intensive industries and power producers end their reliance on fossil fuel boilers. Brenmiller's patented bGen™ ZERO thermal battery is a modular and scalable energy storage system that turns renewable electricity into zero-emission heat. It charges using low-cost renewable electricity and discharges a continuous supply of heat on demand and according to its customers' needs. The most experienced thermal battery developer on the market, Brenmiller operates the world's only gigafactory for thermal battery production and is trusted by leading multinational energy companies. For more information visit the Company's website at https://bren-energy.com/ and follow the company on X and LinkedIn.
Forward-Looking Statements:
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, the Company uses forward-looking statements when it discusses: the Company's belief that Mr. Toshav's appointment will strengthen the Company's governance and position to realize significant value creation for shareholders; that the Company s entering a pivotal moment in its evolution; future commercial projects underway and a growing global footprint; the Company's estimates for its supply of the bGen™ TES system for the SolWinHy Project to be approximately €7 million; that the Company's involvement with the SolWinHy Project reinforces the strength of its bGen™ technology; the Company's role as a key enabler of flexible, clean industrial heat in support of global net-zero targets. Without limiting the generality of the foregoing, words such as "plan," "project," "potential," "seek," "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" are intended to identify forward-looking statements. Readers are cautioned that certain important factors may affect the Company's actual results and could cause such results to differ materially from any forward-looking statements that may be made in this press release. Factors that may affect the Company's results include, but are not limited to: the Company's planned level of revenues and capital expenditures; risks associated with the adequacy of existing cash resources; the demand for and market acceptance of our products; impact of competitive products and prices; product development, commercialization or technological difficulties; the success or failure of negotiations; trade, legal, social and economic risks; and political, economic and military instability in the Middle East, specifically in Israel. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's Annual Report on Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission ("SEC") on March 4, 2025, which is available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact: investors@bren-energy.com
SOURCE: Brenmiller Energy
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
35 minutes ago
- Yahoo
Is this penny stock on track for an explosive recovery in 2025?
Penny stocks have a well-earned reputation for being volatile. But these tiny businesses are also capable of potentially delivering explosive gains. And investors who snapped up shares in IG Design Group (LSE:IGR) a month ago are already experiencing some of this first-hand. The gift and celebration packaging company has just kicked off a turnaround strategy that's started yielding some positive results. This has helped repark some fresh investor sentiment, sending the share price up more than 40% in the last month alone, with a 34% gain in a single day at the end of May. Despite this surge, the IG Design share price is still trading significantly lower compared to a year ago. That means there's still a long way to go for the business to complete its recovery. Yet, if analyst forecasts are correct, that could soon change. A big part of renewed investor sentiment is management's decision to exit DG America's business. Despite generating close to $500m in revenue, the segment has struggled to deliver a profit. And with US tariffs only adding more pressure, leadership concluded that the 'headwinds facing the division are untenable'. The decision to dispose of problematic DG America was met with praise from investors. Why? Because the company's now significantly reduced its exposure to the weaker US retail market environment that it's struggled to navigate. At the same time, IG Design has just freed up a lot more capital to reinvest in stronger areas, refocusing the business into more profitable ventures. Subsequently, profit margins and free cash flow generation are expected to rise. And institutional analysts have revised their earnings per share forecasts for 2026 to reach $0.43 versus the $0.16 achieved in 2024 – a 170% improvement. Obviously, there's no guarantee that this target will be hit since we're still in the early stages of its turnaround plan. But if it does get things back on track, the team at Research Tree think the penny stock could skyrocket by 120% to 198p by this time next year! No investment's ever risk-free, and that's especially true for IG Design Group. Despite being the source of many of its problems, DG America was also responsible for around half of its revenue stream. The company's now dependent predominantly on the UK, European, and Australian markets, which have their own fair share of challenges. A big source of renewed investor sentiment is IG Design's ability to rebuild its scale at a higher margin in these markets. But a failure of execution could douse the flames of optimism and send the penny stock tumbling back down in the wrong direction. Even if management makes all the right moves, there's still the consumer spending cycle that can throw a spanner in the works. IG Design's product portfolio consists entirely of discretionary items which aren't likely to be in high demand if economic conditions take a turn for the worse – something that's completely out of management's control. All things considered, I'm cautiously optimistic and think investors comfortable with high-risk, high-reward ventures may want to consider taking a closer look. The post Is this penny stock on track for an explosive recovery in 2025? appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Zaven Boyrazian has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Sign in to access your portfolio
Yahoo
35 minutes ago
- Yahoo
Does the Arbuthnot or the NatWest share price offer the best value?
NatWest Group (LSE:NWG) and Arbuthnot Banking Group (LSE:ARBB) are two UK-listed banks with very different profiles but both attracting investor interest. With the NatWest shares price surging, I want to look at other options. So let's break down their forward valuations and dividend prospects to see which might offer better value for 2025 through 2027. NatWest's forward price-to-earnings (P/E) ratio is expected to fall from 9.18 times in 2025 before falling back to 8.24 times in 2026 and 7.54 times in 2027. This reflects a continued earnings growth as the macroeconomic situation improves. Arbuthnot, on the other hand, has a P/E falling from 7.37 times in 2025, then declining to 6.28 times in 2026 and 5.49 times in 2027. Arbuthnot's lower multiples suggest it's trading at a discount relative to NatWest, though its earnings are less predictable. NatWest's dividend per share is forecast to increase from 17p in 2024 to 29p in 2025, 32p in 2026, and 36p in 2027, translating to a dividend yield rising from 5.35% to 6.84%. Its payout ratio is steady around 40-51%, indicating a balanced approach between rewarding shareholders and retaining capital. Arbuthnot's dividends are expected to fall from 2024 — an exceptional year at 69p — falling to 53p in 2025, and then rising to 57p in 2026, and 61p in 2027, with the yield reaching 6.39% at the end of the period. Its payout ratio's expected to fall from 45% in 2024 to 35% in 2027. NatWest's price-to-book-ratio (PBR) is forecast to rise from 0.82 times in 2024 to 1.12 times in 2025. It then eases to 0.96 times in 2027, showing growing investor confidence. Arbuthnot's PBR's lower, around 0.54 times in 2024 with no onward forecast. Both banks trade at similar enterprise value-to-revenue multiples near 0.8–0.85 times in 2025, indicating comparable market pricing relative to revenues. NatWest benefits from a strong capital position, improving net interest margins, and a supportive UK banking environment, driving steady earnings growth. Arbuthnot, a smaller, more niche player, also shows rapid revenue growth but more earnings volatility, which may appeal to investors seeking higher risk and reward. Arbuthnot looks slightly cheaper, based on forward earnings metrics, despite having a marginally lower dividend yield. I would however, suggest that the lower payout ratio could lead to faster dividend growth. Personally, I favour the AIM-listed bank. However, I appreciate that being AIM listed, it may be easily overlooked by investors. Coupled with its smaller size, it may continue to trade at a discount to larger peers. I believe investors should consider both stocks, and decide which is right for their portfolios. However, my choice is Arbuthnot, and I've recently opened a small position in the bank. The post Does the Arbuthnot or the NatWest share price offer the best value? appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool James Fox has no position in Arbuthnot Banking Group PLC. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025
Yahoo
35 minutes ago
- Yahoo
Should I buy Burberry shares for my ISA and SIPP?
When I'm really bullish on a stock, I tend to add it to my Self-Invested Personal Pension (SIPP) portfolio as well as my Stocks and Shares ISA. Right now, I'm hunting for a UK stock that's fallen on hard times. I want an established business that has a solid track record of profitability. Crucially, I want some sort of turnaround story — preferably involving new management — that could help the stock bounce back massively over the next few years. Another Rolls-Royce would be nice! At first glance, Burberry (LSE: BRBY) ticks a few boxes. The stock fell off a cliff two years ago, crashing 77% in less than 18 months. Burberry lost its way by hiking prices, and generally going too fast, too soon during a global luxury market downturn. As sales slumped – especially in China – the firm dropped a couple of profit warnings, ousted its CEO, and axed the dividend. It was relegated from the blue-chip index to the FTSE 250 last year, where it remains. While the stock has already started to mount a comeback, by rising 75% in nine months, it remains 60% lower than in April 2023 when the rot set in. So it could have much further to run, at least in theory. Importantly for me, Burberry has newish leadership in the shape of CEO Joshua Schulman. He previously led Michael Kors and Coach, and is known for turning fashion brands around. The early signs are encouraging, as he's focused on returning Burberry to its roots, including classic trench coats and scarves. The continued resilience of our outerwear and scarf categories reaffirms my belief that we have the most opportunity where we have the most authenticity. While we are…still in the early stages of our turnaround, I am more optimistic than ever that Burberry's best days are ahead. So we have an established company whose shares are still down significantly from just over two years ago. An experienced CEO is in, with a plan to turn things around. What about profits? Well, in FY2025, which ended in March, the firm swung to a £66m pre-tax loss from a £383m profit the year before. To help save £100m by FY2027, management's cutting the entire night shift from its Yorkshire raincoat factory, as well as jobs from head offices. Brokers see a swift return to profitability, with a net profit of £69m and £148m pencilled in for this financial year and next respectively. This puts the stock on a forward-looking price-to-earnings (P/E) ratio of 26 for FY2027. Is that a bargain? It might be, assuming earnings growth trends upwards. But I worry that Burberry might struggle to drive top-line growth. In FY2020, revenue was £2.6bn. In FY2027, it's forecast to be £2.6bn. Resilient? Yes. Exciting? Not really. There's a risk that consumer spending stays weak for some time, especially in the aspirational luxury sector. I generally buy stocks with a minimum five-year view. While I think this stock could yet go higher, I have no inkling about where Burberry will be in 2030. I'm not buying for now. JD Sports Fashion looks more appealing to me. It faces the same consumer spending risks as Burberry, but the forward P/E ratio is just 6! The post Should I buy Burberry shares for my ISA and SIPP? appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Ben McPoland has positions in JD Sports Fashion and Rolls-Royce Plc. The Motley Fool UK has recommended Burberry Group Plc and Rolls-Royce Plc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025
