Brenmiller Europe S.L. Appoints Emilio Lopez, Visionary Renewable Energy Executive, as Chairman of its Board

Rhea-AI Summary

Brenmiller Energy (NASDAQ: BNRG) has announced key leadership appointments for its Spain-based joint venture, Brenmiller Europe S.L. Emilio Lopez, a renewable energy executive with over 25 years of experience, has been appointed as Chairman. The joint venture, established in September 2024, also includes Dr. José Luis Morán as Managing Director, who simultaneously serves as Director of Integrated Energy Solutions for Green Enesys and Viridi.

The joint venture aims to accelerate the commercial rollout of bGen™ thermal energy storage technology across Europe, leveraging favorable regulatory conditions, project financing, and clean energy cost-benefits. Lopez brings extensive expertise in renewable energy and energy efficiency sectors, while Morán contributes over 30 years of leadership experience in energy and industrial sectors.

Positive

• Strategic expansion into European market through joint venture structure
• Appointment of experienced leadership with deep industry expertise
• Favorable European regulatory and financing environment for thermal energy storage

Negative

• None.

• Dr. José Luis Morán, leads Brenmiller Europe as Managing Director; he additionally is the Director of Integrated Energy Solutions for Green Enesys and Viridi, Brenmiller Energy’s joint venture partners
• Spain-based Brenmiller Europe S.L. established to accelerate commercial rollout of bGen™ thermal energy storage technology across Europe where the regulatory, project financing, and clean energy cost-benefit environment is highly supportive of rapid commercial adoption of TES systems

TEL AVIV, Israel--(BUSINESS WIRE)-- Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy” or the “Company”) (Nasdaq: BNRG), a leading global energy provider of thermal energy storage (“TES”) solutions to industrial and utility customers, today announced the appointment of Emilio Lopez as the Chairman of its Spain-based joint venture (“JV”) company, Brenmiller Europe S.L. (“Brenmiller Europe”), which was incorporated in September 2024.

Brenmiller Europe benefits from its JV partners’ expertise in developing and deploying large-scale clean energy projects throughout Europe. The JV is focused on driving product sales, delivering energy services, and securing project-level financing in high-growth markets.

“The stellar executive team we are building at Brenmiller Europe is a testament to the potential of our bGen™ technology in the European market which presents an immediate opportunity driven by the regulatory, cost-benefit, and financing environment,” said Avi Brenmiller, Chairman and Chief Executive Officer of Brenmiller Energy. “We welcome Emilio as Chairman of Brenmiller Europe and are very pleased to be working with Jose as its Managing Director.”

Emilio Lopez is an accomplished engineer with over 25 years of executive leadership experience in the renewable energy and energy efficiency sectors. Emilio has successfully navigated all aspects of the value chain, including origination, development, financing, construction, and operation of energy assets. His expertise spans multiple countries, including Spain, Portugal, the USA, the UK, and Uruguay, with a particular focus on thermal-based technologies such as biomass, concentrated solar power (CSP), and cogeneration. A visionary leader in advancing sustainable energy solutions, Emilio drives innovation and operational excellence in the global energy landscape.

Brenmiller Europe’s leadership team includes Managing Director, Dr. José Luis Morán. A PhD in Naval Architecture and Marine Engineering, Jose brings over 30 years of experience in various leadership roles within the energy, renewable and industrial sectors. Concurrently, Jose serves as the Director of Integrated Energy Solutions for Viridi and Green Enesys, leading hydrogen and green e-Methanol projects powered by hybrid PV and wind plants operating off-grid. Previously, he held the position of Director of the Solar Business Unit at Siemens Spain and served as President of the Spanish branch of Solel, a company focused on the development, design, and construction of thermoelectric power plants. Since 1997, Jose has served as a part-time lecturer in Thermal Engineering and Off-shore Renewable Energy at the Naval Architecture and Marine Engineering School of the Polytechnic University of Madrid. In 2017, he participated in the creation and was appointed General Coordinator of the Master’s Degree in Marine Renewable Energy, which focuses mainly in offshore wind energy solutions.

For more information about the project and Brenmiller Energys latest updates, please visit www.bren-energy.com or contact Tori Bentkover at brenmillerenergy@antennagroup.com.

About Brenmiller Energy Ltd.

Brenmiller Energy helps energy-intensive industries and power producers end their reliance on fossil fuel boilers. Brenmiller’s patented bGen™ ZERO thermal battery is a modular and scalable energy storage system that turns renewable electricity into zero-emission heat. It charges using low-cost renewable electricity and discharges a continuous supply of heat on demand and according to its customers’ needs. The most experienced thermal battery developer on the market, Brenmiller operates the world’s only gigafactory for thermal battery production and is trusted by leading multinational energy companies. For more information visit the Company’s website at https://bren-energy.com/ and follow the company on X (formerly Twitter) and LinkedIn.

About Brenmiller Europe, S.L.

Brenmiller Europe is a joint venture between Brenmiller Energy, Viridi RE, and Green Enesys aimed at accelerating the adoption of the innovative bGen™ thermal energy storage technology across Europe. This partnership combines Brenmiller's cutting-edge technology with the renewable energy expertise of European project developers Viridi RE and Green Enesys, who bring an 18-year proven track record in developing, funding, and building over 100 renewable energy projects. For more information, visit Green Enesys and Viridi.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, the company is using forward-looking statements in this press release when it discusses: Brenmiller Europe’s focus on driving product sales, delivering energy services and securing project-level financing in high-growth markets; the team that the Company is building at Brenmiller Europe; the potential of bGen technology in the European market; and the opportunity in Europe driven by its regulatory, cost-benefit and financing environment which is highly supportive of rapid commercial adoption of TES systems. Without limiting the generality of the foregoing, words such as “plan,” “project,” “potential,” “seek,” “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate” or “continue” are intended to identify forward-looking statements. Readers are cautioned that certain crucial factors may affect the company’s actual results and could cause such results to differ materially from any forward-looking statements that may be made in this press release. Factors that may affect the Company’s results include, but are not limited to: the company’s planned level of revenues and capital expenditures; risks associated with the adequacy of existing cash resources; the demand for and market acceptance of our products; impact of competitive products and prices; product development, commercialization or technological difficulties; the success or failure of negotiations; trade, legal, social and economic risks; and political, economic and military instability in the Middle East, specifically in Israel. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the company’s Annual Report on Form 20-F for the year ended December 31, 2023 filed with the SEC on March 18, 2024, which is available on the SEC’s website, www.sec.gov. The company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241226556223/en/

Media Contacts:

Tori Bentkover

brenmillerenergy@antennagroup.com

Source: Brenmiller Energy Ltd.

FAQ

When was Brenmiller Europe S.L. established and what is its purpose?

Brenmiller Europe S.L. was established in September 2024 to accelerate the commercial rollout of bGen™ thermal energy storage technology across Europe, taking advantage of favorable regulatory and financing conditions.

Who are the key leaders appointed to Brenmiller Europe S.L. (BNRG)?

Emilio Lopez has been appointed as Chairman, bringing 25+ years of renewable energy experience, while Dr. José Luis Morán serves as Managing Director with 30+ years of industry leadership experience.

What is the strategic focus of BNRG's European joint venture?

The joint venture focuses on driving product sales, delivering energy services, and securing project-level financing in high-growth European markets for thermal energy storage solutions.

What experience does Emilio Lopez bring to BNRG's European operations?

Emilio Lopez brings over 25 years of executive leadership in renewable energy and energy efficiency, with expertise in asset development, financing, construction, and operations across multiple countries.