As European Gas Prices Double, Brenmiller Energy Accelerates Clean Heat Strategy

Brenmiller accelerates BNRG360 platform to deliver bundled power and heat to industrial customers, in response to fossil fuel market volatility

Tel Aviv, Israel--(Newsfile Corp. - March 10, 2026) - Brenmiller Energy Ltd. (NASDAQ: BNRG) ("Brenmiller", "Brenmiller Energy" or the "Company"), a leading provider of thermal energy storage ("TES") solutions for industrial and utility applications, today announced the acceleration of its BNRG360 platform to deliver bundled power and heat to industrial customers.

European natural gas prices have surged past €60 per megawatt-hour, more than doubling in two weeks as the Middle East conflict disrupts global energy supply routes. With Qatar's largest LNG export facility shut down and tanker traffic through the Strait of Hormuz at a near standstill, industrial operators across the European Union ("EU") are facing renewed pressure on energy costs and supply security.

Against this backdrop, Brenmiller Energy, a TES company focused on industrial electrification, is accelerating its BNRG360 integrated energy strategy as part of the Company's broader plan to expand from heat supply to bundled solutions, combining heat and electricity and to deliver integrated energy services to industrial customers using renewable generation and storage solutions.

The current crisis marks the second major gas supply shock to hit Europe in three years, following Russia's 2022 invasion of Ukraine. European industries, which pay two to three times more for energy than their American competitors according to the European Steel Association (EUROFER), and up to five times more for natural gas, face a structural challenge that temporary supply fixes cannot resolve. EU underground gas storage currently sits at around 30% of capacity, and initiatives to decouple the EU from imported fossil fuels have gained renewed urgency.

Brenmiller's approach potentially offers an alternative path. The Company's BNRG360 platform aims to provide a comprehensive suite of solutions built around its patented bGen TES system, integrating renewable generation and battery storage to enable industrial clients to access clean, affordable energy shielded from fossil fuel price swings. Rather than purchasing volatile fossil fuels, industrial operators will be able to receive electricity, heat and steam as a service under long-term agreements.

The structure is designed to potentially generate diversified revenue streams, including power purchase agreements, grid balancing services and direct industrial offtake. Brenmiller intends for this approach, combining ownership of generation assets with long-term industrial offtake agreements, to serve as a replicable model across additional European markets.

"We believe that the EU has an alternative to fossil fuel dependency, and the technology exists today to implement it," said Avi Brenmiller, Chief Executive Officer and Co-Founder of Brenmiller Energy. "We can take abundant renewable resources like solar, combine them with storage technologies, with the aim of producing an energy supply that is cleaner, cheaper and permanently hedged against price shocks. The current crisis could be a catalyst for industrial operators and policymakers to invest in this transition, not a reason to double down on the same vulnerable supply chains."

The shift is already underway. Between 2019 and 2024, EU countries installed enough wind and solar capacity to avoid burning 92 billion cubic meters of gas and 55 million tons of coal, according to energy think tank Agora Energiewende. Despite this progress, the EU remains exposed to supply disruptions, as the current conflict has demonstrated.

Brenmiller Energy's bGen system stores electricity as heat in crushed rocks, which can then be dispatched as steam, hot water, or hot air on demand. The technology has been tested for more than a decade and is deployed at industrial sites, including a large-scale boiler replacement project for Tempo Beverages Ltd., in Israel, currently in commissioning.

Brenmiller Energy Ltd. (NASDAQ: BNRG) is a clean energy technology company focused on delivering industrial-scale renewable power and heat solutions. The company's patented bGen thermal energy storage technology provides dispatchable, flexible and cost-competitive energy solutions that help industrial customers and grid operators decouple from fossil fuel volatility. Through its BNRG360 platform, Brenmiller delivers bundled energy services combining renewable power generation, thermal energy storage and energy management under long-term service agreements.