Brenmiller Energy announces strategic alignment with EUR 1B Innovation Fund

In an investor letter, the company said, “Brenmiller Energy (BNRG) is not just preparing for the clean energy transition in Europe-we believe we can help promote it. On July 9, 2025, the European Commission formally launched the EUR 1 billion pilot auction under the Innovation Fund, marking a watershed moment in the continent’s Clean Industrial Deal. This program targets one of the most stubborn sources of emissions-industrial process heat, which accounts for 75% of industrial CO2 emissions, yet remains less than 4% electrified. This is not a course correction for Brenmiller-it’s a natural acceleration of the path we’ve spent more than a decade paving. At Brenmiller, we’ve always believed thermal energy storage would become essential to industrial decarbonization. That belief has guided over ten years of research and development, system deployments, and mutually beneficial collaborations across Europe. What we’re seeing now is the market, its demand and EU policy are moving towards us. Our bGen system is already operational in Europe and directly aligned with the Innovation Fund’s strategic goals, particularly in the electrification and decarbonization of industrial process heat…While our European pipeline is front and center in the coming Fund submission cycle-opening December 3, 2025 – we’re also achieving key commercial validation elsewhere. By year end, we anticipate full commissioning our bGen unit at Tempo Beverages, one of Israel’s largest beverage manufacturers, the producer of Pepsi, Heineken and many additional global leading beverages. The project, backed by a grant from Israel’s Ministry of Environmental Protection, is a flagship industrial deployment that will showcase how our system seamlessly integrates with live production processes-cutting emissions, lowering energy costs, and delivering stable thermal output in real-time conditions. Tempo marks a turning point: from proving to scaling. It represents a concrete demonstration of how our decade-long technological foundation is translating into operating assets with repeatable value and measurable results. The Inflection We’ve Prepared For When we say Brenmiller is aligned with Europe’s decarbonization goals, we’re not offering a vision-we’re presenting evidence. The groundwork we’ve laid is producing results. Our systems are operational. Our projects are under way. And we believe some of the industry’s most influential players are preparing to step forward, validating not only our technology-but the central role we believe bGen can play in Europe’s industrial decarbonization story. The Fund is not a starting point. For Brenmiller, we believe it’s a catalyst to accelerate what’s already in motion.”