Company: BNRG
Filing Date: 2025-05-01
Form Type: F-1/A
Source: 0001213900-25-038040
Chunk: 9

Company: Brenmiller Energy Ltd.
Filing Date: 2025-05-01
Form: F-1/A
Chunk 9
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 stability of steam and other energy supplies.

We
have developed our bGen™ technology over the last thirteen years and have tested it across three generations of demonstration units
at various sites globally. Our bGen™ technology uses crushed rocks to store heat at temperatures of up to 1,400 degrees Fahrenheit
(760 degrees Celsius) and is comprised of several key elements inside one unit: thermal storage units called bCubes, heaters,
heat exchangers, electricity conversion to high temperature heat and a steam generator. The use of crushed rock as a means of heat storage
results in no hazardous challenges to the environment and enhances system durability so that even after tens of thousands of charge and
discharge cycles, the storage material does not degrade and so there is no need to replace the storage media. Additionally, the bGen™
technology can be charged with multiple heat sources, such as, residual heat, and electrical heat from renewables, as well as from electrical
sources using electric heaters which are embedded within the TES system. The TES system dispatches thermal energy on demand in the form
of steam, which can be saturated for industrial use, or in the form of a superheated steam, which can be used to activate steam turbines.

In
2023, we also started the implementation of our new business models, the Energy as a Service, or EaaS, model, which includes also the
Heat as a Service, or HaaS, model, wherein we install a TES bGen system for the benefit of third party customers at
a customer’s site and provide operation and maintenance services. We then sell energy (steam, hot air, etc.) to the customer at
agreed upon prices. The EaaS model is more suitable to industrial customers who are not energy experts and wish to outsource their energy
services.

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On August 9, 2023, we unveiled the next generation of our market-leading, high-performance TES system, the bGen™ ZERO as part of our strategic focus to deliver cost-efficient, zero-carbon emissions heat. By electrifying heat, the bGen™ ZERO is designed to address growing market demand for decarbonization solutions in the industrial and power sectors. The bGen™ ZERO offers a modular, flexible design with fast charge and discharge times, all without the use of hazardous materials. Additional highlights and improvements from prior bGen™ systems include:

| ● | Improved Efficiency: 33% reduction in heat loss, 99%