Company: BNRG
Filing Date: 2025-03-04
Form Type: 20-F
Source: 0001213900-25-020178
Chunk: 9

Company: Brenmiller Energy Ltd.
Filing Date: 2025-03-04
Form: 20-F
Item: Item 3
Chunk 9
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 price, which
may impact our ability to raise capital in the market, obtain financing and secure other sources of funding in the future on terms favorable
to us.

In
addition, the occurrence of catastrophic events, such as missile attacks, hurricanes, storms, earthquakes, tsunamis, floods, medical epidemics
and other catastrophes that adversely affect the business climate in any of our markets could have a material adverse effect on our business,
financial condition and results of operations. Some of our operations can be located in areas that have been in the past, and may be in
the future, susceptible to such occurrences.

Changes
in environmental laws and regulations, or fundamental changes in the operations of government agencies, could reduce demand for our products
or impact the timing for our services.

A
portion of our business is driven by environmental laws and regulations. In August 2022, the U. S. Congress passed, and President Biden signed
into law, the Inflation Reduction Act, or IRA, which provides $128 billion in new funding for renewable energy and grid energy storage.
On January 20, 2025, however, President Donald Trump issued an executive order directing federal agencies to immediately pause the disbursement
of funds appropriated through the IRA. The full impact of this Executive Order and related administrative actions is uncertain at this
time. In addition to pausing such disbursement, the Trump administration may also seek to challenge, repeal, or revise this rule and Congress
may attempt to repeal or amend the IRA with respect to renewable energy and grid energy storage; however, we cannot predict what, when,
or how the new administration or Congress may take actions to rollback or otherwise revise existing laws, rules, or regulations related
to renewable energy and grid energy storage or the ultimate impact such changes may have on our business or results of operations.

Furthermore,
President Trump has signed several executive orders rescinding many of the Biden administration’s executive orders and associated
climate-related initiatives. President Trump’s directives included, among other things, directing the U. S. Environmental Protection
Agency, or EPA, to reconsider its 2009 endangerment findings relating to greenhouse gases, or GHGs, which provides regulatory justification
for federal GHG permitting and methane emission control requirements, and directing the EPA to reconsider its use of social cost of GHG
estimates in federal permitting decisions. We cannot predict the ultimate impact of these executive orders or any similar future changes
on our business or results of operations.

Moreover,
President Trump signed an