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Brenmiller Energy Begins On-Site bGen™ ZERO Assembly at Tempo Beverages' Factory, Heat Battery to Replace Fossil Fuel Boilers for Heineken and Pepsi Producer

1. Brenmiller starts assembling 32 MWh bGen™ system for Tempo Beverages. 2. Project completion is on track for end of 2025, reducing carbon emissions significantly. 3. Transition to bGen™ expected to save Tempo $7.5 million over 15 years. 4. bGen™ ZERO named TIME's Best Inventions of 2023 in Green Energy category. 5. Brenmiller leads in thermal energy storage systems, is expanding global demand.

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FAQ

Why Bullish?

The launch and anticipated savings highlight strong growth prospects, which is positive for BNRG's stock.

How important is it?

The successful implementation of bGen™ systems is essential for BNRG's market position and future profitability.

Why Long Term?

The ongoing project and its economic benefits will influence BNRG's long-term valuation positively.

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HEIAPEPTSLA
TEL-AVIV, Israel--(BUSINESS WIRE)--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 markets, announced today that its contractor has started assembling its 32 MWh bGen™ ZERO TES system for Tempo Beverages (“Tempo”) on-site at the client’s factory in Netanya, Israel. Tempo, partially owned by Heineken International B.V., is one of Israel’s largest producers and distributors of beverages for brands including Heineken and Pepsi. “We are proud to report that on-site assembly of our bGen for Tempo is running according to schedule and project commissioning is on track for end of 2025,” said Avi Brenmiller, Chairman and Chief Executive Officer of Brenmiller Energy. “It’s exciting to see our flagship project come to life, as well as its momentum reflected in our pipeline with each additional milestone we achieve. We’re confident that this project will create even greater demand for TES solutions globally, as we demonstrate that cleaner solutions are better economic solutions.” The contractor is responsible for ensuring that the construction and installation of Tempo’s bGen™ system complies with all safety standards and follows the strictest supervision, reporting and coordination standards with Brenmiller and the customer, while remaining on schedule to completion. As a global leader in deployed TES systems with 103 MWh in operation and construction, Brenmiller’s bGen™ will replace Tempo’s heavy fuel oil boilers to serve as the beverage processor’s primary heat source. The switch from fossil fuels to electricity is estimated to mitigate over 6,200 tons of carbon emissions annually and save Tempo an estimated $7.5 million over 15 years. About bGen™ bGen™ ZERO is Brenmiller’s TES system, which converts electricity into heat to power sustainable industrial processes at a price that is competitive with natural gas. The bGen™ ZERO charges by capturing low-cost electricity from renewables or the grid and stores it in crushed rocks. It then discharges steam, hot water, or hot air on demand according to customer requirements. The bGen™ ZERO also supports the development of utility-scale renewables by providing critical flexibility and grid-balancing capabilities. bGen™ ZERO was named among TIME’s Best Inventions of 2023 in the Green Energy category. 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 is using forward-looking statements in this press release when it discusses: the timeline for on-site assembly and commissioning of the Company’s bGen for Tempo, including remaining on schedule to completion, the Company’s future pipeline and achievement of future milestones, future demand for TES solutions globally, and that the switch from fossil fuels to electricity will mitigate over 6,200 tons of carbon emissions annually and save Tempo an estimated $7.5 million over 15 years. 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 crucial 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, 2023 filed with the SEC on March 18, 2024, 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.

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