Arizona Tribune - Brenmiller bGen(TM) Green e-Methanol Project in Spain Secures +€25 Million Funding from European Hydrogen Bank

MADRID, SPAIN / ACCESS Newswire / May 23, 2025 / 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 the European Hydrogen Bank, has granted SolWinHy Cádiz S.L. (the "SolWinHy Project") in Arcos de la Frontera, Spain, €25 million in funding. From the total project CAPEX, €7 million are earmarked for Brenmiller's bGen™ TES. The project is slated to commence in the first quarter of 2026 when Brenmiller expects to receive a purchase order for the bGen™ andassociated services.

SolWinHy is a special purpose company jointly owned by leading renewable energy developers Green Enesys Group ("Green Enesys") and Viridi RE ("Viridi") to build new green hydrogen and green e-methanol projects in Europe. Green Enesys and Viridi are Brenmiller's joint venture partners in Brenmiller Europe S.L. ("Brenmiller Europe") which currently has a growing project pipeline of commercial opportunities valued at over $200 million.

"We believe that this +€25 million project funding from the European Hydrogen Bank is a strong validation of bGen™'s critical place in Europe's clean energy ecosystem and demonstrates the value of our industry-leading TES technology globally" stated Brenmiller's Chairman and Chief Executive Officer, Avi Brenmiller. "We've worked diligently with our partners Green Enesys and Viridi to complete the front-end engineering and design that led to the financing of the SolWinHy Project. This is a model for how we plan to roll out potentially up to $200 million worth of projects in Europe, by leveraging project financing and collaborations, as Brenmiller generates upfront and recurring revenues delivering bGen™ systems, services, and technology licensing."

José Luis Morán, Green Enesys and Viridi's Integrated Energy Solutions director added, "Brenmiller's bGen™ is an essential part of making SolWinHy one of the EU's top green hydrogen projects and was a key component in securing this funding, without the bGen™ the project could not operate off-grid, using only renewable electricity. As a partner in Brenmiller Europe, we expect several other potential bGen™ projects to rapidly advance toward funding and implementation as the EU prioritizes achieving its clean energy goals."

Green e-methanol, a clean energy source, is produced from hydrogen that is sourced from renewable electricity and captured biogenic carbon dioxide. The SolWinHy Project is being designed to produce over 30,000 tons of green e-methanol per year and will incorporate 54 MWh of wind and 130 MWp of photovoltaic electricity production disconnected from the electrical grid, generating power exclusively from renewable energy with no impact on Spain's national grid. The SolWinHy Project is expected to integrate bGen™ thermal energy storage capabilities with a 56 MWh capacity.

About SolWinHy

SolWinHy Cádiz is an innovative green methanol production plant located in Arcos de la Frontera, Cádiz, Spain. As the first project in a series aimed at advancing renewable energy, this facility is set to produce 30,000 tons of E-Methanol annually. The plant is powered entirely by renewable energy, utilizing a 130 MW solar PV installation and a 54 MW wind farm. This setup allows the facility to operate independently of the national grid in island mode, ensuring that all hydrogen and methanol production is 100% renewable. An 80 MW electrolyzer generates green hydrogen, which is combined with biogenic CO₂ to produce methanol. The project is situated on 463 hectares of agricultural land, secured through a 35-year lease with the option to extend for an additional five years. SolWinHy Cádiz is strategically positioned to supply green methanol to Germany, with advanced negotiations already underway with potential off-takers.

For 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 and won Gold in the Energy Storage and Management category at the 2025 Edison Awards.

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 SolWinHy project and its expected integration of bGen™ thermal energy storage capabilities with a 56 MWh capacity; SolWinHy Project plans to produce 6,500 tons of green hydrogen annually to generate 3',000 tons of green e-methanol using 100% renewable energy from solar and wind and sustainable water sourced from local wastewater reuse; bGen™ TES deployment scheduled to commence in Q1 2026, subject to receipt of purchase order for system and associated services;; Brenmiller Europe's growing commercial project pipeline valued at over $200 million advancing toward funding and implementation through strategic collaborations and project financing; and SolWinHy's renewable power generation designed to include 54 MW of wind and 130 MWp of photovoltaic electricity disconnected from the national grid. 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:

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SOURCE: Brenmiller Energy Ltd.

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Ch.Campbell--AT