Company: BNRG
Filing Date: 2025-06-13
Form Type: POS AM
Source: 0001213900-25-054302
Chunk: 9

Company: Brenmiller Energy Ltd.
Filing Date: 2025-06-13
Form: POS AM
Chunk 9
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 sell our equipment to third party customers, install the equipment
at the customer’s site and the customer remains the owner of the equipment and we provide warranty and maintenance services to
the customer at a predetermined price as part of the sale package.

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In 2023, we also started
the implementation of our new business model, the EaaS model, wherein we install a TES bGen system for the benefit
of third-party customers at a customer’s site and provide operation and maintenance services. We then sell energy (steam, hot air,
etc.) to the customer at agreed upon prices. The EaaS model is more suitable to industrial customers who are not energy experts and wish
to outsource their energy services. In 2023, for the Tempo Beverages Ltd., or Tempo, project, we initiated our first EaaS contracts where
we plan to own, finance, build and operate our TES systems at or near our customers’ sites and either sell the energy to the customer
at a fixed energy price or receive a fixed revenue stream in connection with the energy service provided to the customer. In both cases,
we have granted the customer a right to acquire the TES system after fixed period. Backed by our TES gigafactory in Dimona, Israel, which
at its full production capacity target of 4 GWh is expected to produce $200 million worth of bGen™ systems annually.

We market our products
through exclusive distributers in our target markets, with online marketing efforts to attract potential customers, and direct outreach
to potential customers through our sales team. Our primary target markets are in the United States, Europe, and Israel. We are initiating
commercial equipment sales or EaaS model agreements in many of these target markets and, depending on their success, we expect to develop
our sales and services for future customers in these regions.

Corporate Information

We are an Israeli corporation
based in Rosh Haayin, Israel, and were incorporated in Israel in 2012 as Brenmiller Energy Consulting Ltd. On July 2, 2013, we filed
a name change certificate to change our name to Brenmiller Energy Ltd. In August 2017, we became a public company in Israel and our Ordinary
Shares were listed for trade on the Tel Aviv Stock Exchange, or TASE. In May, 2022, our Ordinary Shares were listed and began trading
on Nasdaq. On March 23, 2023, we