Company: BNRG
Filing Date: 2025-04-28
Form Type: F-1
Source: 0001213900-25-035754
Chunk: 13

Company: Brenmiller Energy Ltd.
Filing Date: 2025-04-28
Form: F-1
Chunk 13
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 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, our position
as a leader in thermal energy storage translated into a global pipeline of commercial opportunities valued at over $500 million as of
the date of this prospectus.

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 announced our intension to voluntary delist our securities from trading on the TASE, which took effect
on September 11, 2023 (the last trading day was September 7, 2023). Our principal executive offices are located at 13 Am