Company: BNRG
Filing Date: 2025-03-04
Form Type: 20-F
Source: 0001213900-25-020178
Chunk: 45

Company: Brenmiller Energy Ltd.
Filing Date: 2025-03-04
Form: 20-F
Item: Item 3
Chunk 45
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 in better integration with renewable energy sources and a reduction in carbon emissions.
Our business is not subject to seasonality.

The Need

We believe that climate change
is the greatest challenge of our times. A major contributor to climate change is carbon emissions being emitted to the atmosphere. To
combat this, countries and organizations have set and are continuing to set targets for themselves and various industries to reduce their
carbon emissions. In order to meet such carbon emission targets, we believe it is necessary to expedite the transition from reliance on
fossil fuels to the widescale adoption of renewable energy sources and systems that result in carbon capture, energy storage, efficient
energy recovery, and can benefit from the reuse of wasted heat or renewable energy. Our bGen™ TES system stores energy from electrical
heaters and can also recover wasted heat from available energy resources to provide one consistent energy output. By doing so, the bGen™
TES system can precisely match energy supplies with the demand and bridges the gap between renewable energy and conventional power sources.
Accordingly, we believe TES systems such as our bGen™ system have become essential to the renewable energy market to ensure the
reliability and stability of energy supplies.

Our Technology

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 1400 degrees Fahrenheit
(760 degrees Celsius) and is comprised of key elements inside one unit: thermal storage, heathers, heat exchangers, and a steam generator.
The use of crushed rock as a means of 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 need to be replaced because the storage
material does not suffer from degradation in performance. Additionally, the bGen™ technology can be charged with multiple heat sources,
such as residual heat, and renewables, as well as from electrical sources using embedded electric heaters within the TES system. The TES
system dispatches thermal energy on demand in the form of power, steam, air, hot water and heat, which can be saturated for industrial
use, or in the form of a superheated steam, which can also be used to activate steam turbines.

The
following image depicts our bGen™ system charged by flue gases.

The
TES system is capable of being implemented as a stand