Company: BNRG
Filing Date: 2025-03-04
Form Type: 20-F
Source: 0001213900-25-020178
Chunk: 110

Company: Brenmiller Energy Ltd.
Filing Date: 2025-03-04
Form: 20-F
Item: Item 19
Chunk 110
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 $           4,568  
  Computers and equipment                                      685                    649  
  Leasehold improvements                                       445                    445  
  Office furniture and equipment                               145                    144  
  Vehicles                                                      13                     13  
                                                             6,376                  5,819  
  Less – Accumulated depreciation                          ( 1,484                ( 1,256  
  Property, Plant and Equipment, Net      $                  4,892      $           4,563  

F-18

Brenmiller Energy Ltd.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTE 7 - PROPERTY, PLANT AND EQUIPMENT(cont.):

  Depreciation expenses                                                                                                          
  totaled $ 228 thousand, $ 120 thousand and $ 239 thousand for the years ended December 31, 2024, 2023 and 2022, respectively.  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

During
the years ended December 31, 2024, 2023 and 2022, the Company disposed of property and equipment in the net amount of $ 0 8 704

As
of December 31, 2024 and 2023, all the property, plant and equipment is located in Israel.

  New production facility in Dimona  

In August 2022, the Company began
the construction of its newly upgraded production facility in Dimona, Israel, which commenced operations in October 2024.

The new production facility includes
inter-connectivity and smart automation of production in the production of bGenTMTES modules. Consequently, as part of the
transitioning to the new production facility, the Company reassessed the remaining life and recoverability of the old production line
and its components, and recognized a write down of parts that cannot be utilized in the new facility to their fair value, resulting in
a loss recognition of $704thousand (presented among “other expenses” in 2022).

The total cost of the facility includes
capitalized borrowing costs of $248thousand, and is net of investment grants of $182thousand.

  Rotem 1 project  

This project, conducted by the subsidiary
Brenmiller Rotem, was abandoned in 2022 following the Company’s decision to focus on its core technology other than the initialization
and operation of power plants. As of December 31, 2023, it is