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Tempo TES Project Update: Brenmiller Energy Set to Begin Installation of its Storage Modules - bCubes(TM) - in May 2025 and Start Commissioning in October 2025

1. Brenmiller replaces fossil boilers with a 32 MWh TES system for Tempo. 2. TES system expected to reduce carbon emissions by over 6,200 tons annually. 3. Construction milestones on track for project completion by September 2025. 4. Expected energy savings of $7.5 million for Tempo over 15 years. 5. bGen™ ZERO recognized in TIME's Best Inventions of 2023.

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FAQ

Why Bullish?

Brenmiller's successful project with Tempo enhances revenue prospects, driving investor confidence. Historical partnerships in renewable energy have often led to positive stock performance.

How important is it?

The project's scale and expected savings can significantly influence Brenmiller's market position and future contracts.

Why Long Term?

The project completion is set for 2025, potentially increasing long-term revenue and market positioning.

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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 yearsTempo, partially owned by Heineken International B.V., is one of Israel's largest producers and distributors of beverage for brands including Heineken and Pepsi 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, announced today that it is on track to meet its next four major contractual milestones and complete Stage 1 of its groundbreaking TES project for Tempo Beverages Ltd. ("Tempo") in early July 2025.Construction of the TES base began in early April 2025, following completion of the required civil work by Tempo. Brenmiller expects to complete Stage 1 of the project in early July 2025 by meeting the following key milestones: completion of the base structure on May 12th, 2025, completion of the base insulation in the third week of May 2025 and installation of the first half of the bCubes™ in the last week of May 2025.Stage 2 of the project, which includes the installation of the remaining bCubes™ and insulation, is expected to take place in the second half of July 2025.Construction of the TES is expected to be completed in September 2025 with commissioning set to begin in October 2025."Our system assembly at Tempo's beverage processing facility is progressing well, and we are happy to stay on track to meet our ambitious timeline for commissioning in 2025," said Avi Brenmiller, Chairman and Chief Executive Officer of Brenmiller Energy.Brenmiller is set to replace Tempo's fossil fuel boilers with a 32 MWh bGen™ ZERO TES system. By enabling the switch from heat derived from fossil fuels to heat derived from electricity, eliminating the use of approximately 2,000 tons of heavy fuel each year, Brenmiller's bGen™ is estimated to mitigate over 6,200 tons of carbon emissions annually and save Tempo an estimated $7.5 million over 15 years.Visualization of the TES installation at TempoFor more information about the project and Brenmiller Energy's latest updates, please visit www.bren-energy.com.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 StatementsThis 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 expected timeline for the Company's flagship project for Tempo, including that the Company's ability to stay on track to meet its major contractual milestones and respective timelines for commissioning in 2025; that once commissioned, the Company's bGen™ ZERO TES system will replace Tempo's fossil fuel boilers and serve as the beverage processor's primary heat source; and that the switch from heavy fuel oil 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. 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, 2024 filed with the 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:[email protected]SOURCE: Brenmiller Energy

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