Company: BNRG
Filing Date: 2025-03-04
Form Type: 20-F
Source: 0001213900-25-020178
Chunk: 97

Company: Brenmiller Energy Ltd.
Filing Date: 2025-03-04
Form: 20-F
Item: Item 19
Chunk 97
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Brenmiller Energy Ltd. (hereinafter
 - “ The Company” or “the Parent Company”) was incorporated and commenced its business operations in Israel in
2012. The Company’s registered offices are in Rosh Ha’ Ayin in Israel. On May 25, 2022, the Company’s ordinary shares (the “ Ordinary
Shares”) were listed and began trading on the Nasdaq Stock Market LLC (“ Nasdaq”; CIK - “ BNRG”). On
September 11, 2023, the Company’s voluntary delisting of its securities from the Tel Aviv Stock Exchange (“ TASE”) took
effect (the last trading day was September 7, 2023).

The Company is a technology company
that develops, produces, markets and sells thermal energy storage (“ TES”) systems based on our proprietary and patented bGen™
technology. The use of the Company’s technology allows electrification and decarbonization of the industrial industry sector resulting
in better integration with renewable energy sources and further reduction of carbon emissions. Through 2022, the Company’s main
activity was focused on the development of its technology and its application into products and commercial solutions. In 2023, the Company
commenced the commercialization of its products and services and assembled a new production line to facilitate commercial operations,
that commenced operations in October 2024.

As of December 31, 2024, the Company
has three wholly owned subsidiaries (in Israel, the Netherlands and the United States) that are currently inactive, or are in the early
stages of operations (“the Group”). As to the establishment of a new joint venture in 2024 in Spain - see Note 6.

  The impact of the regional war involving Israel  

While none of our facilities or infrastructure
have been damaged since the war in Israel broke out on October 7, 2023, the import and export of goods may experience disruptions in and
out of Israel as a result of such military conflict and terrorist attacks on the sea routes in the Red Sea region. A prolonged war could
result in further military reserve duty call-ups in the future as well as irregularities to our supply chain and the movement of components
and raw material into Israel and our finished products exported from Israel. The Company’s operations, including its production
facility, are located in Israel. The war has slowed down the Company’s ability to fully operate the new production facility due
to delays in delivery of machinery and shortage in man-power