Company: BNRG
Filing Date: 2025-03-04
Form Type: 20-F
Source: 0001213900-25-020178
Chunk: 127

Company: Brenmiller Energy Ltd.
Filing Date: 2025-03-04
Form: 20-F
Item: Item 19
Chunk 127
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a running-in period of60days. Following this, the system will provide steam services to Tempo exclusively, for a period of15years,
at a fixed price per ton of steam produced by the unit (the facility will operate on electricity and water supplied by Tempo). The Company
has guaranteed Tempo minimum annual capacity of19,000ton of steam, which is also the threshold for Tempo’s “take-or-pay”
obligation, that currently amounts to NIS323thousand per annum (approximately $89thousand).

During the steam provision period, the
Company will provide level B maintenance services to the unit for NIS120thousand per annum. The steam price and maintenance services
are linked to the Israeli CPI and will be updated every5years. The Company will be the sole owner of the system during the period of
installation and the provision of steam services. Tempo will have the right to register a lien on50% of the system to ensure its rights
under the agreement.

Starting the third year of the provision
of steam, Tempo will have the right to purchase the unit (for its own use only and on “as is” basis) for a consideration that
is based on a formula stipulated in the agreement. Tempo will also have the right for termination and compensation if the system fails
to supply certain performance measurements as determined in the agreement; termination by Tempo after commissioning for any other reason
will oblige Tempo, inter alia, to pay any outstanding balance of the participation amount and the minimum “take-or-pay” fees
for the remainder of the lease term. As of the balance sheet date, the Company completed the first milestone of the agreement, for which
Tempo is required to pay40% of the participation amount above.

  On January 29, 2024, an agreement was signed with the Wolfson                                                                     
  Medical Center (“ Hospital”) in the city of Holon, pursuant to which the Company will build and install on the Hospital premises  
  a bGen TM TES unit that will provide industrial steam and other services to the Hospital (including maintenance services of       
  the TES System that will be charged separately (the “ Services”)).                                                                
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The TES System will operate using electricity
and water supplied by the Hospital and will provide the Services for a period of7years, commencing no later than 15 months after obtaining
all necessary regulatory approvals and