BrenX Ltd.

BrenX has entered into a definitive real estate sale and purchase agreement to acquire approximately 10,872 square meters of industrial land and photovoltaic infrastructure adjacent to its operating solar facility in Kaposszekcső, Hungary. The transaction marks the company's first execution of its develop-own-operate strategy and expands its footprint around the existing 1.2 MWp solar facility, which is already operating and provides the energy foundation for the site's potential expansion. CEO Nir Brenmiller said the acquisition could transform the Kaposszekcső property from a standalone renewable energy asset into what BrenX believes could become its first integrated industrial energy resource center. Potential developments at the site could include additional photovoltaic generation, battery energy storage systems, BrenX's proprietary bGen thermal energy storage technology, industrial energy services and, where technically and economically appropriate, modular data center infrastructure. BrenX believes the integrated approach could create opportunities for longer-term customer relationships and recurring revenue, and said it is now delivering its first commercial project and starting construction of its second.