Brenmiller Energy

Advancing Cost Competitive Thermal Energy Storage by Cutting on Site Costs Through Factory Built Design

Electrical Works Completed; Commissioning Expected to Begin Mid-February

• Offering industrial customers bundled heat and power under long-term contracts

• Supporting customer decarbonization while addressing project and financing risk

• Intended to enhance project bankability, which is aimed at lowering the cost of capital, and accelerating revenue recognition

• Leveraging collaborations to accelerate solar and battery project origination

Recognition Honors Leadership Behind a Landmark Clean-Energy Exit and Decades of Industry Impact

Solid foundation for focused growth in 2026

103 MWh in cumulative projects deployed and a multimillion dollar pipeline of commercial opportunities

Smart capital moving into TES industry

Brenmiller's Spain-based joint venture currently has projects in development and collaborations across the European Union

This latest recognition adds to recent honors for bGen ZERO following winning Gold earlier this year in the Energy Storage and Management category from the Edison Awards and being named one of TIME magazine's Best Inventions of 2023 in the Green Energy Category

Projected revenues of $1.7 million for 2026 based on bGen ZERO execution milestones for Tempo project

Systems Purchase Agreement signed with Baran Energy for Tempo and Wolfson projects; Brenmiller to receive milestone-based payments, profits sharing, and service revenues

Brenmiller has 103 MWh in cumulative projects deployed, with numerous projects in development and a robust $500 million global pipeline of commercial opportunities

Signed private placement agreement for up to $25 million in equity financing to fund growth

Brenmiller to receive milestone-based payments for the sale of the bGen systems, profit sharing from future income generated on the projects, and maintenance and operations service revenue

Transaction provides non-dilutive capital injection as part of capital-efficient growth strategy, powering Brenmiller to advance its broader global project pipeline of commercial opportunities valued at over $500 million

Milestone marks a significant evolution in the relationship between Brenmiller and Baran following the signing of a strategic collaboration agreement in February 2025

Brenmiller outlines key upcoming project milestones at Tempo and Wolfson

Alpha Capital Anstalt, Brenmiller Energy's largest shareholder and long-standing investor, reinforces its strong commitment to the Company's long-term strategy

The Company will receive $1.2 million in an initial closing and an additional $3.8 million subject to certain conditions

Alpha Capital Anstalt has Additional Investment Rights for up to $20 million

As the EU launches its €1 billion Innovation Fund to decarbonize industrial heat, Brenmiller enters as a proven, strategically aligned participant-backed by operational collaborations across Europe, a project pipeline of commercial opportunities, and real-world deployments. With key milestones, including the upcoming commissioning of our Tempo Beverages project, we continue to move from groundwork to scale-where we believe that years of focused development will convert into market traction and long-term value creation

Commercial roadmap includes: first joint bGen TES projected expected to launch in 2027, three projects worth $50 million by 2030, and develop a pipeline of 15-20 projects with a potential value of $650 million by 2035

Pilot integrations planned to power AI data centers

SMR capacity could reach up to 120 GW by 2050, requiring more than $670 billion in global investment according to theInternational Energy Agency (IEA)

bGen was selected as the thermal energy storage system for a large-scale solar energy project led by a top European utility company

Marks the second bGen project within two months selected to receive European Union non-dilutive project funding

5 MWe bGen expected to contribute to the avoidance of 1.45 M tons of CO₂ equivalent over 10 years and a 104% increase in energy efficiency

Project configuration enables effective replacement of fossil-fuel-based steam generation in industrial processes

This third installment of Brenmiller Energy's (NASDAQ:BNRG) "Viewpoint" Series explores how the Company's bGen™ system can help unlock the full potential of Small Modular Reactor (SMR) technology. Energy industry veteran and Chief Executive Officer Avi Brenmiller explains how thermal energy storage can bridge the gap between safe, clean heat generation and real-world demand.

Report details progress in Environmental, Social, and Governance priorities and strengthens investor transparency

Nuclear power is increasingly seen as the next-generation source to support the energy demands of computing and AI infrastructure while boosting energy independence and decarbonizing at scale - and nuclear needs storage

bGen™ installed in Italy with Enel - a major European utility company - is an application that can serve as a strong foundation for the continued development of Brenmiller's thermal energy storage system for integration with nuclear SMRs

Potential for major safety improvements - bGen™ system architecture supports passive heat absorption, load following, and decay heat removal

Experienced Global Investment Executive and Strategic Advisor to Support the Company's Next Phase of Growth

This is the second installment in Brenmiller Energy's "Viewpoint" Series, which explores the infrastructure, innovation, and storage technologies needed to build a resilient, low-carbon energy future.

• bGen™ thermal energy storage system to be charged using renewable energy to store and provide 56 MWh of clean heat for green e-methanol production at SolWinHy Cadiz S.L.

• SolWinHy selected as one the European Union's top green hydrogen projects with plans to deliver 6,500 tons of green hydrogen annually for 30,000 tons of green e-methanol, 100% renewable energy from off-grid solar and wind, and sustainable water sourced from local waste water plant

• Project demonstrates the potential of hydrogen and e-fuels to decarbonize the European Union's industrial, power generation, and transportation sectors

• Project is part of Brenmiller Europe's $200 million pipelineof commercial opportunities that are advancing toward funding and implementation

• Innovative pilot project highlights the role of thermal energy storage in decarbonizing public institutions

• Pilot installations offer replicable frameworks for wider adoption

• Brenmiller's bGen™ intended to reduce 550 metric tons of CO₂ emissions annually

• The project and its key findings will be presented in a webinar on May 19, 2025 hosted by the Renewable Thermal Collaborative

• Brenmiller is replacing Tempo's fossil fuel boilers with a 32 MWh bGen™ thermal energy storage system delivering sustainable process heat expected to mitigate 6,200 tons of carbon emissions annually and save Tempo an estimated $7.5 million in energy costs over 15 years

• Tempo, partially owned by Heineken International B.V., is one of Israel's largest producers and distributors of beverage for brands including Heineken and Pepsi