1. Making solar energy a mainstream alternative to fossil fuels, by providing a dispatchable, cost competitive, renewable energy system Eli Lipman VP R&D

2. Estimations are for a huge market for Solar Energy Proprietary of Brenmiller Energy Ltd. © All rights reserved 2

3. Main Technologies of Solar Power Proprietary of Brenmiller Energy Ltd. © All rights reserved 3 Concentrated Solar PowerUtility Scale PV

4. Proprietary of Brenmiller Energy Ltd. © All rights reserved On-Grid > 20MW Solar Power Plants Off-Grid / Rural “7MW” Generators Augmentation to Existing “Fossil Plants” Steam Applications Key Applications – Market Segments

5. Solar Energy Needs a Paradigm Change to Become a Mainstream Solution  Dispatchability- Supply when required  Reliability 24/7- No other plant to cover for  Output Stability, Continuity- No weather sensitivity  Solar Capacity Factor > 70%- Green energy almost all day  Price Competitiveness $/Kwh- Result of all above Proprietary of Brenmiller Energy Ltd. © All rights reserved 5

6. Price Per KWh Low Cost Storage Solar Capacity Factor > 50% Steady Supply Scalable Solution 2013 Solar Renewable Challenges Proprietary of Brenmiller Energy Ltd. © All rights reserved 6

7. The Effect of High Solar Capacity Factor Case 1: 50 MW Plant Capital Investment of $ 150 M Solar Capacity Factor of 25% (2200 hours per year – Sun is shining) Price per KWh $US 18 cents Case 2: 50 MW Plant Capital Investment of $ 200 M Solar Capacity Factor of 75% (6600 hours per year – Energy Storage) Price per KWh $US 13 cents Proprietary of Brenmiller Energy Ltd. © All rights reserved 7

8. Inherent Advantages of TES in Renewable Environment of Variable Resources Proprietary of Brenmiller Energy Ltd. © All rights reserved 8 +45% Incremental value of 15- 40 $/MWh for Dispatchable sources Value will increase with more Variable Sources penetration An Analysis of Concentrating Solar Power with Thermal Energy Storage in California Paul Denholm, Yih-Huei Wan, Marissa Hummon, Mark Mehos

9. Proprietary of Brenmiller Energy Ltd. © All rights reserved 9 Track the Sun to collect Solar energy @ 550 0 c 1 Heat from collectors transferred by HTM according to radiation change 2 Steam from storage supplied on demand, 24/7, fully stabilized 4 Heat delivered to the Energy Center, ready for dispatch 3 Brenmiller Technology - The bCell TM – Core Technology

10. Stea m Pipin g Proprietary of Brenmiller Energy Ltd. © All rights reserved 10 bCell TM System = Multiple bCell TM modules, controlled by one SPC unit Our Product– The bCell TM System The bCell TM System bCell T M Steam Production Control (SPC) bCell T M Steam Control DCS Power Block Turbine & Generator Auxiliaries Water Treatment Sun to SteamSteam to Power

11. Thank You!