Company: BNRG
Filing Date: 2025-03-04
Form Type: 20-F
Source: 0001213900-25-020178
Chunk: 44

Company: Brenmiller Energy Ltd.
Filing Date: 2025-03-04
Form: 20-F
Item: Item 3
Chunk 44
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 accelerated filer” as defined in Rule 12b-2 under the U. S. Securities Exchange
Act of 1934, as amended, or the Exchange Act, which would occur if the market value of our Ordinary Shares that are held by non-affiliates
exceeds $700 million as of the last business day of our most recently completed second fiscal quarter, or (c) the date on which we have
issued more than $1 billion in nonconvertible debt during the preceding three-year period.

Our principal executive offices
are located at 13 Amal St. 4th Floor, Park Afek, Rosh Haayin, 4809249 Israel. Our telephone number in Israel is +972-77-693-5140. Our
website address is https://bren-energy. com/. The information contained on our website or available through our website is not incorporated
by reference into and should not be considered a part of this annual report on Form 20-F, and the reference to our website in this annual
report on Form 20-F is an inactive textual reference only.

We are a foreign private issuer
as defined by the rules under the Securities Act and the Exchange Act. Our status as a foreign private issuer also exempts us from compliance
with certain laws and regulations of the SEC and certain regulations of the Nasdaq Stock Market, including the proxy rules, the short-swing
profits recapture rules, and certain governance requirements such as independent director oversight of the nomination of directors and
executive compensation. In addition, we are not required to file annual, quarterly and current reports and financial statements with the
SEC as frequently or as promptly as U. S. domestic companies registered under the Exchange Act.

In 2022, 2023 and 2024, our
capital expenditures amounted to $1,465 thousand, $2,654 thousand, and $343 thousand, respectively. Our current capital expenditures are
primarily for manufacturing facility and equipment, computers, software, research and development equipment and office improvements substantially
all in Israel, and we expect to finance these expenditures primarily from cash on hand.

B. Business Overview.

We are a technology and project
development company that develops, produces, markets, and sells TES systems based on our proprietary and patented bGen™ technology.
We also initiate and execute TES EaaS projects, in line with our current business model. Our technology enables the electrification and
decarbonization of the industrials sector, resulting