Company: BNRG
Filing Date: 2025-04-09
Form Type: DRS
Source: 0001213900-25-030015
Chunk: 11

Company: Brenmiller Energy Ltd.
Filing Date: 2025-04-09
Form: DRS
Chunk 11
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 designed with replicability in mind, enabling the establishment of similar gigafactories in strategic markets such
as Europe and the United States. This approach supports localized manufacturing, shortens supply chains, and reduces logistics costs.

While
the initial build-out of the Dimona plant was financed through a non-dilutive €7.5 million credit facility agreement with the European
Investment Bank, or the EIB, of which €4 million was withdrawn in July 2022—we did not draw on the remaining €3.5 million
tranche. Instead, we plan to prioritize investment in localized production facilities in Europe and the U.S. to support our global expansion
strategy.

Tempo

On
February 13, 2025, our contractor has started assembling our 32 MWh bGen™ ZERO TES system for Tempo. Accordingly, we remain on track
to complete the TES system commissioning for Tempo by the end of 2025. The contractor is responsible for ensuring that the construction
and installation of Tempo’s bGen™ TES system complies with safety standards, includes mechanisms for supervision, reporting
and coordination with Brenmiller, and stays on schedule. Under the contract we are is set to replace Tempo’s fossil fuel boilers
with a 32 MWh bGen™ ZERO TES system. By enabling the switch from heat derived from fossil fuels to heat derived from electricity,
eliminating the use of approximately 2,000 tons of heavy fuel each year, our bGen™ is estimated to mitigate over 6,200 tons of carbon
emissions annually and save Tempo an estimated $7.5 million over 15 years.

bGen ZTO

On February 4, 2025, we announced
that we have commenced the development of a TES system, the bGen ZERO Thermal Oil™, or bGen ZTO, designed to electrify thermal oil
for industrial applications. Planned for commercial availability in 2026, bGen ZTO is a modular TES system that will combine an internal
electric conversion for storage with integrated heat exchange, achieving nearly 100% cycle efficiency through simplified maintenance and
indirect oil heating with minimal degradation, smooth stability, and limited breakdown, if any, while heating thermal oil up to 340 degrees
Celsius.

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Strategic Cooperation Agreement with Baran Energy

On
February 20, 2025, we announced that we entered into a strategic cooperation agreement with Baran Energy,