Shareholder Letter Outlines Long-Term Strategy to Develop, Own and Optimize Energy Assets Designed to Generate Recurring Revenue
Tel Aviv, Israel--(Newsfile Corp. - July 7, 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 introduced BrenX, the Company's long-term strategy to evolve beyond equipment sales into the development, ownership and optimization of integrated energy infrastructure assets designed to generate recurring revenue while supporting industrial decarbonization and emerging digital infrastructure demand. BrenX represents the evolution of Brenmiller from a provider of TES systems into an owner, operator and developer of selected integrated energy assets designed to deliver renewable electricity, industrial heat, TES, battery storage and other complementary energy services. The strategy is outlined in the following letter to shareholders from Deputy Chief Executive Officer Nir Brenmiller.
To Our Shareholders:
For more than a decade, Brenmiller has been committed to helping industrial companies decarbonize through TES. Through our proprietary bGen™ technology, we have demonstrated how renewable electricity can be transformed into dispatchable industrial heat, enabling customers to reduce emissions, lower energy costs and strengthen energy resilience. As we have worked with customers around the world, however, one realization has become increasingly clear to us: our opportunity is larger than the equipment we build.
Industrial customers are increasingly looking for integrated energy solutions rather than individual technologies, while the rapid growth of artificial intelligence, data centers and other digital infrastructure is creating significant and growing demand for reliable power, energy infrastructure, and grid-connected energy resources. Together, these trends have fundamentally changed how we think about Brenmiller's future and led us to a simple conclusion: the next chapter of our Company extends beyond TES alone and includes building the energy infrastructure that enables it.
That vision is BrenX.
BrenX represents the evolution of Brenmiller from a provider of TES systems into an owner, operator, and developer of integrated energy infrastructure. While our TES technology remains the foundation of our business, we believe the next phase of growth lies in developing and owning infrastructure assets capable of generating recurring revenue while delivering renewable electricity, industrial heat, TES, battery storage, and other complementary energy services. Our long-term vision is to create an integrated energy platform where industrial customers can source multiple integrated energy solutions through a single trusted partner, tailoring each project to their specific operational and energy requirements. Our objective is to build assets that become increasingly valuable over time as additional technologies, customers and services are integrated into each location.