Company: BNRG
Filing Date: 2025-03-04
Form Type: 20-F
Source: 0001213900-25-020178
Chunk: 56

Company: Brenmiller Energy Ltd.
Filing Date: 2025-03-04
Form: 20-F
Item: Item 3
Chunk 56
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 production facilities throughout Spain. Green Enesys and
Viridi RE are currently developing three green hydrogen projects in Spain, with the goal of decarbonizing the European Union’s industrial,
power generation and transportation sectors. The projects will have a combined capacity to produce over 100,000 tons of green methanol
annually. Further to this memorandum of understanding with Green Enesys and Viridi RE, on December 10, 2023 we signed a non-binding memorandum
of understanding with SolWinHy Cádiz S. L, a special purpose company jointly owned by Green Enesys Group and Viridi RE, to develop
new build hydrogen and e-methanol projects and that our bGen was selected as the preferred solution for the SolWinHy Cádiz S. L
project in Arcos de la Frontera, Spain, or the Cadiz Project. The Cadiz Project is expected to integrate bGen TES capabilities with a
capacity of at least 55 MWh and a final investment decision for the Cadiz Project is expected to be made by the end of 2026.

On
April 20, 2023, we announced that we signed a non-binding term sheet with a utility company that is one of the largest producers of clean
energy in the world and Green Enesys Group toward a definitive agreement to jointly identify, build, and accelerate electrification by
using renewable energies our TES system to electrify heat and achieve full decarbonization for their clients. The two companies expect
to join forces with Green Enesys to accelerate TES deployments and provide a quick response to the global economy’s USD $1.7 - $3.6
trillion need for net-zero heat. Under the terms of this non-binding term sheet, our bGen units will be produced at our gigawatt-scale
production facility in Israel. The parties have the option to implement a joint production line in Europe to be used for the utility’s
projects. The non-binding term sheet also includes the option for the utility to become a strategic investor for a minority stake in our
Company.

In
July 2023, we signed a memorandum of understanding with Waeree Energies Ltd, India’s largest manufacturer of solar panels, to implement
bGen™ TES in India. Under the terms of the memorandum of understanding, both parties are jointly exploring, developing and deploying
solar-powered TES systems in India, subject to a future definitive agreement.

On
January