The agreement establishes a phased and structured framework for identifying, qualifying, and developing potential industrial energy projects that integrate Brenmiller's TES technology with renewable power generation, battery energy storage, flexible energy management, and potential public funding support.

Under the agreement, Brenmiller and INNOVA will work together to identify, qualify, and advance potential projects that combine Brenmiller's TES technology with renewable electricity, battery energy storage systems, grid-flexible operation, energy services, and public grant support. The parties will initially focus on evaluating opportunities to electrify industrial heat processes in sectors such as cement, food processing, dairy, biotechnology, pharmaceuticals, paper, cardboard, and packaging. The qualification and project development phases are non-binding under the framework cooperation agreement and progressing to those phases following the initial identification phase is subject to mutual agreement between the Company and INNOVA and the execution of definitive terms.

The initial opportunity pool under the cooperation agreement includes eight industrial customer groups, representing approximately ten site-level opportunities prior to detailed qualification. The parties intend to prioritize opportunities with significant industrial heat demand, elevated energy costs, decarbonization objectives, grant eligibility and potential for integrated energy solutions, including renewable power, thermal energy storage and energy-as-a-service structures.

The agreement with INNOVA supports Brenmiller's broader strategy of positioning TES as a core component of integrated industrial energy platforms, rather than as a standalone equipment sale. In Italy, the Company believes project economics may be enhanced by combining renewable power, thermal and battery energy storage, flexible energy management, customer-side optimization and available public funding programs to help industrial customers reduce emissions and improve energy efficiency.