Company: BNRG
Filing Date: 2025-03-04
Form Type: 20-F
Source: 0001213900-25-020178
Chunk: 15

Company: Brenmiller Energy Ltd.
Filing Date: 2025-03-04
Form: 20-F
Item: Item 3
Chunk 15
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  our dependency upon third-party manufacturers                                                                                              

  our dependency on the use of certain raw materials                                                                          
  and changes in the price or availability of such raw materials may impact our ability to efficiently produce our products;  
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  the field of energy storage integration is relatively                                       

  general economic weakness, including inflation,  

  addressing any competing technological and market  

  negotiating favorable terms in any collaboration,         
  licensing or other arrangements into which we may enter;  
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  maintaining, protecting and expanding our portfolio                                  

  attracting, hiring and retaining qualified personnel.  

We
expect our operating expenses to increase in the future as we expand our operations. If our revenue does not grow at a greater rate than
our expenses, we will not be able to achieve and maintain profitability. We may incur significant losses in the future for many reasons,
including without limitation the other risks and uncertainties described in this annual report. Additionally, we may encounter unforeseen
expenses, operating delays, or other unknown factors that may result in losses in future periods. If our expenses exceed our revenue,
our business may be seriously harmed, and we may never achieve or maintain profitability.

We expect to be
exposed to fluctuations in the rate of energy tariffs, which could adversely affect our results of operations.

Our
advantages in enhancing both the green side of energy storage to potential clients and the cost of produced energy to charge our TES is
connected to changing tariffs of the different energy sources including, but not limited to, renewable energy, natural gas, and fossil
fuels. Drastic changes in these tariffs have a high effect on the economics or return on investment of our projects. Changes to energy
tariffs could impact our, results of operations and profitability as well as the feasibility of entering new projects.

Industrialized
countries are struggling to limit their greenhouse gas emissions. Energy use and energy tariffs have a high effect in this climate debate.
The tariffs and prices for fossil fuel and coal energy sources, together with the tariffs of the carbon tax and the trading prices per
each tone of CO2, will dictate the speed at which we can shift towards adopting new technologies and utilize greener technologies
in the process of our customers’ production floors and for power production. The speed at which we are able to shift to utilizing
more green technologies is a major