Company: BNRG
Filing Date: 2025-03-04
Form Type: 20-F
Source: 0001213900-25-020178
Chunk: 7

Company: Brenmiller Energy Ltd.
Filing Date: 2025-03-04
Form: 20-F
Item: Item 3
Chunk 7
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 concerns. These arise from the need to comply
with diverse and, often, complex regulatory frameworks in various countries. There are many types of regulatory risks, but some of the
most common involve environmental regulations, local content requirements, labor laws and taxes, may impact our business models and local
filing and permitting can be costly, lengthy and unpredictable. Investing time and resources in establishing the necessary local infrastructure
that complies with local requirements may lead to compliance and financial exposure.

We
have recently expanded our operations in certain European territories through our joint venture company, Brenmiller Europe, and plan to
further expand into other markets in Europe and in the U. S. through third-party distribution agreements. These expansion plans will require
management attention and resources and may be unsuccessful. In certain markets, we may have limited or no operating experience, may not
benefit from any first-to-market advantages and may have to compete with local companies that have developed a strong understanding of
the local market and TES needs. We have limited experience entering into new markets. Because we do not have experience in this regard,
we may not be able to accurately predict the costs of, or anticipate and manage potential challenges in, establishing distribution efforts
and operations in such markets. Furthermore, to deliver satisfactory performance for customers in new markets, it may be necessary to
locate physical facilities, and establish logistics networks to and from such markets. We have limited experience establishing such procurement
networks to and from other countries. We may not be successful in expanding into additional international markets or in generating revenue
or profits from such operations. Furthermore, laws and regulations in countries we enter may increase our costs or interfere with our
business in these countries.

Operating
internationally requires significant management attention and financial resources. We cannot be certain that the investment and additional
resources required to establish and expand our operations will produce desired levels of revenues or profitability. If we invest substantial
time and resources to establish and expand our operations and are unable to do so successfully and in a timely manner, our business, financial
condition and operating results may be materially and adversely affected. In addition, the quality of our current engineering documentation
can lead to delays in overall project timeline.

We may be subject
to litigation for a variety of claims, which could adversely affect our results of operations, harm our reputation, or otherwise negatively
impact our business.

We
may be subject to litigation for a variety of claims arising from our normal business activities. These may include claims, suits, and