Founded in 2014 in response to technologically address the threat of climate change and the lack of grid capacity, we develop combined heat and power, or CHP, systems based on multifuel microturbines, or microturbines. These microturbines are used for local electricity, energy, and heat production. Upon completion of our research and development, we will transition to manufacturing and installing our first developed microturbine system, the TG-40, which produces up to 40 kilowatts, or KW, of electrical energy and up to 60 KW of heat. We are designing the TG-40 prototype to be highly efficient at producing energy. We are currently developing the TG-40 for the purpose of lowering production, assembly, and maintenance costs, which will enable us to increase the number of potential installation sites, in part due to its low weight and agile modularity, compared to existing solutions in the 40 KW to 1 megawatt, or MW, range. In December 2025, we entered into a supplier agreement with a European company for the planned scaled production of our recently developed 32 KW microturbine, or the TR3200 microturbine system. As of the date of this prospectus, we have placed an order for twelve systems, three of which are expected to be installed in fourth quarter of 2026, and an additional nine over the next twelve months. In addition, we are in the process of negotiations with one European Union-based company and one United States-based company for research and development stage of a range of technologies related to our CHP systems. In addition to our TG-40 system and TR3200 system, we completed the assembly of our first TR8000 system, an 80 KW system designed for large buildings and micro data centers, and are developing new mobile and stationary microturbine systems ranging from 20 KW to 100 KW as later described in this prospectus. As of the date of this prospectus, we are a development stage company that possesses production capacity intended solely for demonstration purposes and we have not generated any revenues. However, we are in the process of transitioning from development to commercial production and are preparing for commercialization of our products. As part of our transition into scaled production, we are refining and adapting our systems to the requirements of the production lines, assembly capabilities, and the applicable standards and regulations in the United States and Europe. Accordingly, the technical data of our systems, including power output, weight, and efficiency rates, may change and be updated compared to the initial development specifications, depending on the model produced, its type, and additional requirements. We believe that our microturbine technology can address four main interconnected challenges: the increasing difficulty in maintaining legacy energy infrastructures, including electrical transmission grids; the increasing demand for electricity, the rising importance in highly energy-intensive infrastructure projects such as building, small server farms or small data centers and maintaining their operational resiliency, and the increasing electrification of power sources; the demand for cost efficiency in energy sources; and the reduction of carbon emissions. We expect to market and sell our microturbines to owners and developers of building clusters, such as office buildings, residential buildings, hospitality buildings, “off-grid consumers,” and server farms. Our primary target markets are those that possess advanced natural gas grids, such as the United States and countries in the European Union. We aim to become a global leader in the field of local generation of energy, electricity, and heat, as well as in the management of comprehensive energy resources, or EMS. Our systems are designed to incorporate natural gas, landfill gas, diesel and hydrogen in varying compositions to produce energy. We intend to continue differentiating our products by leveraging our multi-fuel combustion capabilities, high-efficiency turbine compressor units, enhanced modularity, relatively low weight, and reduced operation and maintenance costs. We are offering an Energy-as-a-Service, or EaaS model, under which customers enter long-term agreements to purchase the electricity and heat our systems generate with little to no upfront cost, or, alternatively, may purchase an installed unit at full cost along with a service contract. Additionally, we plan to offer on-demand integration of our products with existing off-the-shelf market solutions, such as energy storage, heat storage enabling the deployment of a localized micro-grid. This will include comprehensive energy management capabilities that cover both electricity and heat supply to a designated area from multiple sources. Our principal executive offices are located in Kiryat Aryeh, Petah Tikva, Israel.
Read More
