ENERGY

From July 25, even customers without a smart meter can leave Israel Electric Corporation for a different supplier.

In 2021, SolarEdge signed an agreement with Azrieli Group for construction of a 43,000 square meter campus at Glilot. Now, the company is reportedly about to carry out a further round of layoffs.

In January this year, the solar energy technology company shed 900 employees, but another round of layoffs is apparently imminent.

Barclays also sees a potential 24% upside in the share price of Delek's Mediterranean energy exploration and production unit NewMed Energy.

The exclusive distribution deal for Israel with Propeller Drones comes one week after Bladeranger completed its merger with Solar Drone.

The return to a rise in prices comes after gasoline prices fell by NIS 0.38 at the start of June, after five consecutive months of price rises.

The petroleum commissioner has indicated that permitted exports from the gas reservoir could more than double.

The solar energy company's share price has lost more than 90% of its value since peaking in November 2021.

A former senior official at the Energy Ministry has supported Noga CEO Shaul Goldstein’s comments about the electricity grid’s vulnerability and explains what must be done.

Carlyle International Energy Partners will pay up to $945 million for the Greek energy company's portfolio in Egypt, Italy and Croatia.

The Citizens Fund was set up two years ago from 'excess' profits levied from the partnerships producing gas from Israel's offshore fields.

Over 40,000 families in 100 countries use Israeli company Homebiogas's products, replacing the polluting wood and coal used for indoor cooking.

Turkish company Zorlu is selling its full holdings in Israeli power plants through Ashdod Energy and Ramat Negev Energy.

From June 2, the price will fall by NIS 0.38 per liter to NIS 7.52 per liter, the Ministry of Energy and Infrastructure has announced.

Ten years ago, Better Place collapsed with losses of NIS 3 billion. Now, OPC, controlled by Ofer's Kenon Holdings, is writing off its much more modest investment in charging station company Gnrgy.

First quarter revenue was 78% below the the corresponding quarter of 2023.

Azerbaijan maintains close relations both with Turkey and Israel, and is a major customer of Israel Aerospace Industries.

This is the fifth straight month that gasoline prices have risen by an accumulative NIS 0.90 per liter since the start of the year.

The Israeli company's share price fell earlier this week after its US rival Enphase published its financial results showing a slower than expected recovery in the industry.

Eni will receive a 37.3% stake in Ithaca, in a stock deal for its North Sea oil and gas assets, while Delek will reduce its stake from 90% to 52.7%.

The planned expansion of the OPC power station in Hadera has been cancelled.

Until now only Israeli households with a remote meter were able to switch suppliers but from July all consumers will be able to do so.

The company is a developer of fast charging solutions for electric vehicles.

Since the start of 2024, the price of a liter of 95 octane gasoline has risen by NIS 0.78.

Such a facility would allow Israel to increase gas exports and diversify the countries to which it exports gas.

If the deal is completed, Eni will receive a 38%-39% stake in Ithaca while Delek will reduce its stake from 88.55% to 53%-54.9%.

Israeli billionaire Aaron Frenkel has bought the 3.5% stake of Everest at a valuation of $7.1 billion for the offshore gas field.

The National Infrastructures Committee has approved construction of the Reindeer Energy Eastern Power Station and expansion of the OPC power station in Hadera.

Storage Drop’s portion of the grant to develop innovative cooling systems in the EU funding program - HORIZON in the Clean and Efficient Cooling 2023 Track - is €1 million.

The renewable energy company reported that it had signed an MOU for the investment in Doral LLC.