Thermal Energy Storage Inc: Industry Developments and Market Insights

Thermal Energy Storage, Inc., a U.S.-based company operating in the Industrials sector, specializes in commercial services and supplies. Located in San Diego, the company focuses on developing and installing systems to reduce peak loads on air conditioning systems and producing potable water from seawater. Listed on the OTC Bulletin Board, the company continues to innovate within its niche.

Innovative Research in PV-Thermal Energy Systems

On July 30, 2025, researchers from Delft University of Technology in the Netherlands published findings on a hybrid residential energy system. This system combines photovoltaic (PV), solar thermal, and PV-thermal panels with aquifer thermal energy storage and a heat pump. The study, conducted across five buildings in Amsterdam, achieved a seasonal coefficient of performance of seven. The research considered various operational modes based on climate conditions and building characteristics, highlighting the potential for integrating diverse solar technologies with thermal storage solutions.

Brenmiller Energy’s Strategic Equity Financing

In a significant development on July 28, 2025, Brenmiller Energy, a leading global provider of thermal energy storage solutions, announced a private placement agreement with Alpha Capital Anstalt. The agreement, valued at up to $25 million, includes an initial closing of $1.2 million and a subsequent $3.8 million equity closing, subject to shareholder approval. Alpha Capital Anstalt, Brenmiller’s largest shareholder, has additional investment rights for up to $20 million.

The financing structure comprises preferred shares, pre-funded warrants, and ordinary warrants. At the initial closing, Brenmiller issued pre-funded warrants for 631,579 ordinary shares at an exercise price of $0.00001 per share. The total financing could reach $50 million if all warrants are exercised. The proceeds will support working capital and thermal energy storage projects across Europe, the U.S., and the Middle East.

This strategic move underscores Brenmiller Energy’s commitment to expanding its thermal energy storage solutions and enhancing its market presence globally. The partnership with Alpha Capital Anstalt reinforces the investor’s confidence in Brenmiller’s long-term strategy and growth potential.