MIAMI, FL / ACCESS Newswire / May 27, 2025 / After a strategic capital raise to advance its flagship Tempo project, Brenmiller Energy (NASDAQ: BNRG) has secured a second major breakthrough, this time on the European stage. A substantial portion of a €25 million funding package from the European Hydrogen Bank, specifically, €7 million, has been committed to Brenmiller for the deployment of its bGen™ thermal energy storage (TES) technology within the SolWinHy Project in Cádiz, Spain. More than just a financial milestone, the deal affirms bGen™ as a core enabling technology for next-generation, off-grid hydrogen and e-fuels infrastructure.
But according to the company's Chief Business Officer, Doron Brenmiller, this is just the beginning. With a swelling global pipeline and a commercial pipeline in Europe exceeding $200 million, Brenmiller isn't waiting on the market to catch up; it's building the infrastructure backbone of industrial decarbonization today. Hawk Point Media sat down with Doron to discuss how SolWinHy fits into the broader strategy, Brenmiller's place in the emerging nuclear TES energy market, and how it all fits into the recently announced Roadmap 2030.
Here's what he said:
HPM: Doron, the SolWinHy project was just awarded a €25 million funding package from the European Hydrogen Bank. Brenmiller's part of that is expected to be €7 million, which can be viewed as a major validation for bGen™. How should new followers view this deal within the broader scope of Brenmiller's pipeline and long-term strategy?
A: It means we've moved from being a TES technology innovator to becoming a critical infrastructure provider for Europe's energy transition. That project, by the way, will likely grow significantly larger over time. Let's be clear: this isn't a speculative investment or a development grant. This is the start of sovereign-backed funding with parts explicitly allocated to our bGen™ thermal energy storage system-because without it, SolWinHy simply doesn't work.
This validation from the European Hydrogen Bank speaks volumes. It shows we're not just on the radar- we're now one of the foundational elements of Europe's off-grid green fuel strategy. It's not just a moment of pride; it's a moment of pivot. We're no longer trying to prove we belong. We're executing, delivering, and scaling on industrial-grade projects backed by institutions.
And this is just one project.
What gets lost in the market noise is that SolWinHy and Tempo- our flagship deployment with Heineken's Israeli bottler- are only two out of a global and European project pipeline representing over $500 million and $200 million, respectively, in potential deployments. In that, we're advancing not just as a vendor, but as a long-term partner, with equity positions, licensing strategies, and recurring service contracts built into the model.
So when people focus on our share price, I understand- but I don't manage the stock. I manage the business. And in that respect, the business is taking some very accretive steps, which are global and validated. As importantly, we have momentum that can lead to quicker execution across additional projects, especially in Europe.
HPM: Break down what SolWinHy is-and why it's potentially more than just a one-off project.
A: The point to understand is that the SolWinHy project isn't an endpoint. Yes, it's a significant win. However, as importantly, it is the blueprint for the future of industrial energy. It's a pioneering green methanol plant in Cádiz, Spain, operating, in this case, entirely off-grid, powered by a 130 MW solar installation and a 54 MW wind farm. That energy drives an 80 MW electrolyzer producing green hydrogen, which is then synthesized into 29,000 tons of e-methanol annually.
What makes this model so powerful is that it bypasses the grid entirely- a necessity in today's overburdened energy markets. And that's only possible because of bGen™. Our TES technology stores fluctuating renewable energy as stable, dispatchable thermal energy that enables continuous industrial operation. Without it, you'd have stranded generation assets and unstable production lines.
But here's where the story gets even more exciting: SolWinHy is not a one-off. It's the planned first of many in a pipeline of similarly structured projects being developed by our JV, Brenmiller Europe S.L., alongside Green Enesys and Viridi. These partners aren't theorists. Green Enesys has developed over 12 GW of renewables across 70 utility-scale projects. Viridi specializes in hydrogen system integration. Together, we've created a replicable, scalable model.
This JV has already lined up follow-on projects in Germany, France, and Spain, and those aren't distant hypotheticals. They are tracked entries in development pipelines with real land rights, permitting paths, and institutional engagement. SolWinHy is simply the lead domino.
So, to answer your question: SolWinHy is not the destination- it's the gateway. It proves that off-grid, industrial-grade energy production is viable, scalable, and profitable. And every time it gets replicated, Brenmiller is embedded in the process-strategically and economically. Also know that while this project is "off-grid," we also specialize in supporting "on-grid." In other words, this project proves our ability to double our project potential.
HPM: A story that's starting to emerge is the synergy between thermal energy storage and nuclear power, the technology that the US Administration is pushing to drive AI's growth, particularly in powering its energy-intensive data centers. You're already in this space through your work with Enel. Can you explain?
A: Absolutely, and I'm glad you asked because this is a major emerging theme that many are just beginning to grasp-but we've already put it into action.
Thermal energy storage (TES) and nuclear power are an ideal match, particularly in a world where flexibility is king. Nuclear reactors generate consistent baseload power, but today's grid needs are anything but consistent. That mismatch creates both energy waste and grid instability. TES solves that. We can store excess heat generated by nuclear during low-demand hours and dispatch it when and where it's needed most.
The project with Enel, the largest utility company in Europe by customer count, is a prime example. We adapted our bGen™ system for thermal integration with a site generating steam, like a nuclear site, creating what we call a "reactor-ready" configuration. It gives utilities the ability to ramp up or ramp down without compromising output, reliability, or safety. That's a huge value unlock, not just in terms of economics but also in policy compliance and environmental performance.
The beauty of our solution is that it's modular and completely non-chemical. No lithium, no rare minerals, no degradation. Just crushed rock, smart engineering, and decades of thermal expertise. That means we can scale alongside new nuclear builds or retrofit existing sites quickly and cost-effectively.
And again, this is not a concept. It's something we've done and can replicate at scale. With nuclear making a comeback across Europe and the U.S., we see this as a key vertical in our next phase of growth within our Roadmap 2030.
HPM: Doron, a lot of public companies get caught up in the daily movements of their share price. You've been clear that your focus is on building the business, not managing the market. How do you keep that discipline, and what should investors really be watching?
A: It's simple: I don't manage the stock- I manage the company's business activity. Markets go through cycles. Share prices fluctuate for reasons that often have little to do with business fundamentals. What doesn't fluctuate is execution. What doesn't waver is delivering results.
We're building high-value, long-lifecycle infrastructure that solves real problems- whether it's decarbonizing legacy industrial processes on-grid or enabling off-grid hydrogen and e-methanol production. That work continues regardless of what the ticker says on any given day.
What I tell our team-and what I'd tell any investor-is simple: judge us by our execution. Look at Tempo. Look at SolWinHy. These aren't promises; they're proof points. Consider the €7 million committed in sovereign-backed funding, the $500 million global pipeline we're actively advancing, the €200 million European pipeline that's now materializing, and the institutional partnerships we're scaling through Brenmiller Europe S.L. The story isn't potential-it's progress."
Every announcement we make isn't just a press release- it's another brick in a foundation that's strengthening our competitive position.
End interview
Transcriber's Note:
This transcript has been prepared to preserve the integrity and tone of the original conversation. Punctuation and minor edits have been applied at the transcriber's discretion for the sake of clarity, readability, and continuity. Any changes made do not alter the meaning or intent of the participants' statements.
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SOURCE: Brenmiller Energy
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