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

Rhea-AI Summary

Brenmiller Energy (NASDAQ:BNRG) announced that the European Hydrogen Bank has granted €25 million in funding to the SolWinHy Project in Spain, with €7 million allocated for Brenmiller's bGen™ thermal energy storage system. The project, set to begin in Q1 2026, will produce 30,000 tons of green e-methanol annually using 6,500 tons of green hydrogen.

The SolWinHy Project will operate off-grid, powered by 54 MWh of wind and 130 MWp of photovoltaic electricity production. Brenmiller's bGen™ system will provide 56 MWh of clean heat storage capacity. This project is part of Brenmiller Europe's $200 million pipeline of commercial opportunities advancing toward funding and implementation.

[ "Secured €25 million in funding from European Hydrogen Bank, with €7 million for bGen™ TES", "Project pipeline valued at over $200 million in commercial opportunities", "Project will generate upfront and recurring revenues through systems, services, and technology licensing", "Off-grid operation demonstrates technological capability and independence from national grid" ]

Positive

• None.

Negative

• Project commencement delayed until Q1 2026
• Purchase order for bGen™ not yet received

Insights

Renewable Energy Infrastructure Analyst

Brenmiller secured €7M portion of €25M EU funding for green e-methanol project, advancing its €200M European pipeline with revenue expected Q1 2026.

Brenmiller Energy has achieved a significant milestone with the €25 million funding approval from the European Hydrogen Bank for the SolWinHy Project in Spain, with €7 million specifically allocated for their bGen™ thermal energy storage technology. This represents the company's first major European project financing win and establishes a clear commercialization pathway for their technology in the growing green hydrogen and e-methanol sectors.

The SolWinHy Project's off-grid design is particularly noteworthy - it will operate entirely on renewable energy (54 MWh wind, 130 MWp solar) without drawing from Spain's national grid. Brenmiller's thermal storage system, providing 56 MWh of clean heat capacity, is essential to enabling this off-grid operation, as confirmed by project partner statements that the project "could not operate off-grid" without the bGen™ technology.

From a revenue perspective, Brenmiller expects to receive a purchase order in Q1 2026 when construction commences. The company stands to generate both upfront revenue from system sales and recurring revenue from services and technology licensing. This project serves as a template for Brenmiller to potentially unlock their stated $200 million European pipeline through similar financing mechanisms and partnerships.

The project's production targets of 30,000 tons of green e-methanol annually (utilizing 6,500 tons of green hydrogen) align with EU decarbonization goals across industrial, power generation, and transportation sectors. The European Hydrogen Bank's selection of this project among its top priorities indicates strong institutional support for this technological approach to green fuel production, potentially creating additional market opportunities for Brenmiller's thermal storage solutions in similar applications throughout Europe.

• bGen™ thermal energy storage system to be charged using renewable energy to store and provide 56 MWh of clean heat for green e-methanol production at SolWinHy Cadiz S.L.

• SolWinHy selected as one the European Union's top green hydrogen projects with plans to deliver 6,500 tons of green hydrogen annually for 30,000 tons of green e-methanol, 100% renewable energy from off-grid solar and wind, and sustainable water sourced from local waste water plant

• Project demonstrates the potential of hydrogen and e-fuels to decarbonize the European Union's industrial, power generation, and transportation sectors

• Project is part of Brenmiller Europe's $200 million pipelineof commercial opportunities that are advancing toward funding and implementation

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:

investors@bren-energy.com

SOURCE: Brenmiller Energy Ltd.

View the original press release on ACCESS Newswire

FAQ

What is the value of the funding received by BNRG's SolWinHy Project from European Hydrogen Bank?

The SolWinHy Project received €25 million in funding from the European Hydrogen Bank, with €7 million specifically earmarked for Brenmiller's bGen™ thermal energy storage system.

How much green e-methanol will the BNRG SolWinHy Project produce annually?

The SolWinHy Project is designed to produce over 30,000 tons of green e-methanol per year using 6,500 tons of green hydrogen.

What is the renewable energy capacity of BNRG's SolWinHy Project in Spain?

The project will incorporate 54 MWh of wind and 130 MWp of photovoltaic electricity production, operating completely off-grid, with bGen™ providing 56 MWh of thermal energy storage capacity.

When will BNRG's SolWinHy Project commence operations?

The project is scheduled to commence in the first quarter of 2026, when Brenmiller expects to receive the purchase order for the bGen™ system and associated services.

What is the total pipeline value of Brenmiller Europe's commercial opportunities?

Brenmiller Europe currently has a growing project pipeline of commercial opportunities valued at over $200 million.