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Idan Ofer credit: Sivan Farag Idan Ofer again loses on EVs

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.

SolarEdge CEO Zvi Lando credit: Eyal Izhar SolarEdge dips after another weak quarter

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

President Ilham Aliyev of Azerbaijan  credit: Shutterstock Azerbaijani oil continues flowing to Israel via Turkey

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

Gas pump attendant credit: Eyal Izhar Gasoline prices in Israel to rise for fifth straight month

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.

Zvi Lando  credit: Eyal Izhar SolarEdge share price hits five-year low

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.

Ithaca North Sea drilling rig credit inset Yitzhak Tshuva credit: Shlomi Yosef and company website Delek unit Ithaca buys Eni's UK assets

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%.

OPC Hadera Power Plant  credit: OPC Gov't decides not to decide on Reindeer power plant

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

Power supply  credit: Shutterstock Electricity supply market to be fully competitive from July

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.

ZOOZ Power CEO Boaz Weizer  credit: PR ZOOZ Power completes SPAC merger

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

Gas station in Israel credit: Zion Bar Gasoline prices to rise for fourth straight month

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

Leviathan platform  credit: Albatross Israel's Energy Ministry mulls construction of LNG facility

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

Ithaca drilling rig credit: Company website Delek unit Ithaca in talks to buy Eni UK assets

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%.

Aaron Frenkel credit: Eli Etkin Frenkel again increases stake in Tamar gas field

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

OPC Hadera Power Plant  credit: OPC C'ttee approves power stations over ministers' objections

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 cooling system credit: PR Storage Drop wins EU grant for cooling systems

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.

Doral Group CEO Jacob (Yaki) Noyman  credit: Micha Loubaton Doral Group US unit to receive $400m investment

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

Leviathan platform  credit: Albatross NewMed acquisition talks with ADNOC, BP suspended

"Had it not been for the war, there would have been a deal,” a source familiar with the details told “Globes”.

Ecoppia's robots Ecoppia sold for NIS 18m after NIS 1.3b TASE IPO

The business activity of the Israeli robotic solar panel cleaning company has been sold to its CEO Eran Dgani.

Eshkol Power Station  credit: PR Energean signs $2b gas contract with Eshkol power station

The contract is for the supply of up to 12 BCM of gas over fifteen years.

Israel gas station credit: Eyal Izhar Gasoline prices to rise for third straight month

Since the start of 2024, the price of a liter of 95 octane gasoline has risen by NIS 0.57.

Karish floating gas rig Credit: Danny Zaken Gov't collects record gas royalties in 2023

The rise in royalties paid by the gas companies last year stemmed mainly from larger exports to Egypt and Jordan.

Leviathan platform  credit: Albatross Energy majors seizing East Mediterranean opportunities

Abu Dhabi's ADNOC and BP have formed a joint venture to operate in Egypt and remain in protracted talks to buy Israel's NewMed.

Meir Shamir  credit: Cadya Levy Clal Insurance investing up to NIS 319m in Shamir Energy

Mivtach Shamir subsidiary Shamir Energy invests in energy production from both conventional and renewable sources.

Tamar gas rig  credit: Albatross Tamar partners approve stage two of production expansion

The decision by Chevron and the other partners in the gas reservoir comes six months after then energy minister Israel Katz approved greater exports to Egypt.

Tamar rig credit: PR Court rejects energy cos NIS 100m royalties overpayment claim

"Globes" asks why there was a blanket ban on publication of the case's proceedings despite the huge interest to the public.

Gas station Credit: Eyal Izhar Gasoline prices in Israel to rise to 18-month high

The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel in February will rise by NIS 0.16 per liter on Wednesday at midnight, to NIS 7.38 per liter.

GE credit: Shutterstock Jonathan Weiss Galilee hydropower project delayed as GE engineers flee war

The Kokhav Hayarden project was meant to be completed by 2023.

Power supply  credit: Shutterstock Bezeq enters power supply market

Telecommunications company Bezeq and Generation Capital are forming a joint venture to produce and supply electricity for homes and small businesses.

Zvi Lando  credit: Eyal Izhar SolarEdge to lay off 900 employees

The layoffs include 550 in Israel with most of the dismissals at the company's headquarters in Herzliya.

Zvi Lando credit: Eyal Izhar, Gadi Siara, Shutterstock, production by Tali Bogdanovsky BlackRock substantially increases stake in SolarEdge

The US investment giant has raised its holding in the Israeli solar energy company, which saw its share price slump 70% in 2023.

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