Brenmiller Plans to Ramp Sales Across Europe Through New Joint Venture with Green Enesys and Viridi

Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy” or the “Company”) (Nasdaq: BNRG, TASE: BNRG), a clean energy company that provides Thermal Energy Storage (“TES”) systems to global industrial and utility markets, today announced that it has signed a term sheet (the “Term Sheet”) with European renewable energy developers Green Enesys and Viridi to establish a new joint venture (“JV”) in Spain. The new entity will deliver Brenmiller’s products, including the bGen and recently unveiled bGen ZERO, through an Energy as a Service (EaaS) business model, beginning in Spain, Germany, and France. Under the JV, Brenmiller will maintain all of its intellectual property and will manufacture all bGen modules for the JV’s projects in Spain, Germany and France at Brenmiller’s gigafactory in Israel, which is financed by the European Investment Bank. Establishing the JV and the activities contemplated by the JV are subject to negotiating and execution of definitive agreements.

“Green Enesys and Viridi are professional and reliable partners for us, with a proven track record for delivering significant renewable generation worldwide. Importantly, they share our commitment to helping decarbonize industrial heat production,” said Avi Brenmiller, CEO and Chairman of the Board of Brenmiller Energy. “Our partnership with Green Enesys and Viridi will accelerate the distribution of our next-generation product - the bGen ZERO - which was unveiled earlier this month and boasts a 34% improvement in energy density and a 40% increase in charging power, offering best-in-class cycle efficiency, operational reliability, and further cost savings.”

“Spain was a natural choice for us. Brenmiller’s management team played a key role in helping start up Spain’s solar industry 20 years ago when it became the second country in the world, after Israel, to mandate the installation of solar hot water systems. We’ve continued to push the limits on renewable thermal generation since then and are now seizing on our established footprint to accelerate the delivery of high-temperature electric heat to Europe’s industrial manufacturing sector,” Brenmiller continued.

“Adding Brenmiller’s bGen to our circular closed loop renewable energy offering will accelerate access to low-cost and reliable electric heat, contributing greater flexibility to Europe’s growing clean generation capacity and helping alleviate countries’ reliance on natural gas,” said Dr. José Luis Morán, Director of Integrated Energy Solutions at Green Enesys and Viridi. “We are eager to integrate Brenmiller’s bGen products into our offering and development pipelines throughout Spain, Germany, and France.”