Brenmiller Energy CEO sees tools ‘to move faster and stronger than ever before’

CEO Avi Brenmiller, said, “On July 28, 2025, we announced a transformative equity financing agreement with Alpha Capital Anstalt-our largest shareholder and one of our most trusted partners. We believe that the new capital that can become available under the terms of the agreement will enable us to scale and grow faster. The main benefit for the Company is not just cash, it is focus, attention and balance. Until now, a significant portion of the Company’s efforts have been devoted to securing the capital needed to sustain operations and growth. With the latest financing in place, the Company is now well-capitalized and positioned to shift its focus toward executing on its core strategy-delivering long-term value through product innovation, commercial deployment and scaling operations. This funding milestone marks a turning point, enabling the team to prioritize operational excellence and strategic growth initiatives. Today, we believe we have the tools to move faster and stronger than ever before and that the Alpha agreement gives us the fuel to keep going-and to go further. We believe that the funding that can reach up to $25 million in stages, reflects a commercial ramp. As a first stage we have received the first $1.2 million in funding. The second stage includes $3.8 million equity financing subject to obtaining shareholder approval and other closing conditions. Alpha has additional investment rights for up to another $20 million through follow-on tranches. If we meet certain conditions, Alpha has agreed to provide us with $15 million over a two-year period beginning after the second stage closes. The structure supports the Company’s growth plans. What we are building is already taking shape across three continents. In Israel, our bGenZERO system is being deployed at the Tempo Beverages manufacturing plant-producer of Pepsi, Heineken, and other global brands-in a project that will replace fossil-fueled boilers and demonstrate that clean heat can meet the demands of heavy industry. The upcoming launch of the Tempo facility marks a major shift for us, transforming Brenmiller from a bespoke systems maker into a scalable TES solution. In Spain, the European Hydrogen Bank, has granted EUR 25 million funding to SolWinHy Cadiz S.L. in Spain. From the total project, we estimate that our supply of the bGen TES system for the project to be approximately EUR 7 million. There, our system would enable off-grid green methanol production with real-time heat balancing-entirely without fossil fuels. And in Europe, our projects are estimated to receive approximately EUR 11 million. The latest: Brenmiller Europe, the Company’s Spain-based joint venture, is expected to supply distributed bGen TES systems with a total electrical charge capacity of approximately 5 MWe, representing approximately EUR 4 million in revenues to Brenmiller Europe for the equipment sale. The project is expected to avoid 1.45 million tons of CO2, and set the stage for repeatable decarbonization of industrial heat. Meanwhile, we have signed a strategic non-binding Memorandum of Understanding with ENASCO Ltd., a specialist in Small Modular Reactor development. Together, we are developing a hybrid SMR + bGen platform designed for artificial intelligence data centers, hydrogen production, and high-resilience baseload power. Under the terms of the Memorandum of Understanding: by 2030, we aim to complete $50 million in commercial deployments; and by 2035, we plan to have 15-20 hybrid nuclear-TES projects in development, with a potential value of up to $650 million. Europe is not waiting. Policy is in motion. Funding is real. And we are aligned with all of it. We believe that we are qualified to apply for funding through the EU Innovation Fund, as part of their EUR 1 billion auction expected to open in December 2025. And with the pathway to further funding from Alpha, we believe we will have the resources to pursue the opportunities in front of us – aggressively, confidently, and on schedule. Yes, the journey from zero to 100 takes time. But we are no longer ramping – we are accelerating.”