video compressing

Hi, my os- win11,cpu ryzen5 7600,Ram - 32gb ddr5, gpu - AMD rx 7800xt , can someone please suggest a good free video compressor website or software which can reduce the video file size much but without losing much quality. also it should support atleast 3gb file size as input (unlimited file...

My laptop is Lenovo Ideapad 3 (15IIL05) Core i3 10th gen upto 3.4GHz and 8GB RAM. I'm using Premiere Pro and Handbrake. When I was rendering a video on Premiere Pro or compressing a video on Handbrake, my laptop is getting hot about 160°F to 175°F range. (and CPU usage is 100%) Is that okay to...