Company: BNRG
Filing Date: 2025-03-04
Form Type: 20-F
Source: 0001213900-25-020178
Chunk: 13

Company: Brenmiller Energy Ltd.
Filing Date: 2025-03-04
Form: 20-F
Item: Item 3
Chunk 13
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 going concern. Until we can generate significant recurring revenues, we expect
to satisfy our future cash needs through debt or equity financing. We cannot be certain that additional funding will be available to us
on acceptable terms, if at all. If funds are not available, we may be required to delay, reduce the scope of, or eliminate research or
development plans for, or commercialization efforts with respect to our products. This may raise substantial doubts about our ability
to continue as a going concern.

We expect that
we will need to raise substantial additional funding, which may not be available on acceptable terms, or at all. Failure to obtain funding
on acceptable terms and on a timely basis may require us to curtail, delay or adjust our commercialization and product development efforts,
expansion to new markets, or other activities.

Our
primary business activity is the development and commercial sale of our TES systems through equipment sales and through the adoption of
new energy or heat as a service business models. We anticipate that we will need to rely on external sources of financing, such as credit,
project financing or other forms of investments, for our working capital and project development costs. As of December 31, 2024, our cash
and cash equivalents and restricted deposits were $4,130 thousand. We expect that we will require substantial additional capital to continue
our research and development activity and to proceed with pilot projects that partly will have to be financed by us in order to penetrate
relevant markets or secure certain clients and commercialize our products. In addition, our operating plans may change as a result of
many factors that may currently be unknown to us. Our future funding requirements will depend on many factors, including but not limited
to:

  the costs to produce our TES systems, including                                   

  the costs to complete the construction of our                                                                                                

  the increase in the cost of financing as a result                                                       
  of reasons not necessarily related to our Company, which may affect the profitability of our projects;  
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  increasing our marketing efforts to increase   
  the commercialization of our TES systems; and  
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  the level of revenues received from commercial  

Any
additional fundraising efforts may divert our management from their day-to-day activities, which may adversely affect our ability to develop
and commercialize our products. We cannot guarantee that future financing will be available in sufficient amounts or on terms acceptable