Signs Term Sheet for Land Acquisition to Enable Expansion Capacity for Renewable Generation, Battery Energy Storage, Thermal Energy Storage and Potential Data Center Infrastructure
Tel Aviv, Israel--(Newsfile Corp. - July 13, 2026) - Brenmiller Energy (NASDAQ: BNRG) ("Brenmiller", "Brenmiller Energy" or the "Company") a leading global provider of thermal energy storage ("TES") solutions for industrial and utility customers, today announced the expansion of its Hungary energy platform through the signing of a commercial term sheet (the "Term Sheet") to purchase an adjacent parcel of industrial land and related photovoltaic infrastructure assets located next to the Company's recently purchased operating solar facility in Kaposszekcső, Hungary.
The transaction represents another important step in the execution of BrenX, Brenmiller's strategy to develop integrated industrial energy resource centers that combine renewable generation, energy storage, and industrial energy services into recurring revenue-producing infrastructure. Following the Company's recent purchase of its first operating renewable energy asset in Hungary and the introduction of BrenX, today's announcement advances that vision by expanding the Company's control over what the Company believes can become its first BrenX industrial energy resource center.
Under the signed Term Sheet, Brenmiller will purchase approximately 10,872 square meters of adjacent industrial land together with related photovoltaic infrastructure assets and engineering documentation for an aggregate purchase price of HUF 58.3 million (plus VAT, if applicable), subject to customary legal, tax and closing conditions. The Term Sheet provides Brenmiller with exclusivity over the property while the parties negotiate definitive transaction documents, which are expected to be completed by the end of August 2026.
The Company views the existing solar facility as the foundation of a long-term industrial energy platform and intends to evaluate opportunities to expand the site through additional renewable electricity generation, battery energy storage systems ("BESS"), Brenmiller's proprietary TES technology and expanded industrial energy services. The additional land also provides sufficient space to evaluate future data center infrastructure, where appropriate, subject to feasibility studies, commercial validation, financing and regulatory approvals. The Company believes this integrated approach can maximize asset utilization, diversify recurring revenue streams, and provide a repeatable blueprint for future BrenX developments across Europe.