ENERGY

The power plant, scheduled to begin operating in 2029, will buy gas worth $2 billion from Energean and a further $700-800 million from the Tamar partners.

The Dayan committee on the future of the gas sector estimates that Israel's natural gas reserves will run out in 2045.

The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will rise on Monday at midnight April 1, 2025, by NIS 0.08 per liter to NIS 7.31 per liter.

The new tracks being given a public hearing by Israel's Electricity Authority provide a more rapid return on the investment and address concerns about inflation.

CEO Mathios Rigas: Italy, Egypt and Croatia will remain core pillars of our operations.

The sale of the energy company's asset portfolio in Egypt, Italy and Croatia may fall through because of the buyer's difficulties with the Italian regulator.

As the Israeli government steps up efforts to encourage homeowners to produce their own electricity from rooftop panels, "Globes" investigates the advantages and pitfalls.

In a strategic move, SOCAR is teaming with BP and Yitzhak Tshuva's NewMed Energy to search for gas in Israel's economic waters.

At NIS 2.37 billion, royalties from natural gas and minerals in 2024 were 8.2% higher than in 2023.

The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will fall on Saturday at midnight March 2, 2025, by NIS 0.08 per liter to NIS 7.23 per liter.

Deepsolar, acquired by Bladeranger in early 2023, is a sophisticated software solution designed to optimize the management of photovoltaic solar energy fields.

Car importer Colmobil is leading the consortium building the plant based on German technology.

At least one company, which serves as a Ministry of Defense contractor, is in talks to lease part of SolarEdge's production facilities in the Tziporit Industrial Park.

Aaron Frenkel has bought shares in the company for NIS 60 million, giving him a 13% stake, leapfrogging CEO Nathan Hetz who owns a 12.5% stake.

SOCAR has agreed to buy a 10% stake in the Israeli offshore gas field from the businessman, a source close to the matter has told "Globes."

The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will rise on Saturday at midnight February 2, 2025, by NIS 0.11 per liter to NIS 7.31 per liter, the Ministry of Energy and Infrastructure has announced.

Energean has signed a binding memorandum of understanding to provide 12 billion cubic meters of natural gas to Dalia Energy's Dalia and Eshkol power plants.

Although this is three times higher than expected, senior industry figures expect some of the seven new suppliers to go out of business due to the complex challenges.

According to the plan, the campus will be divided into two data centers - with a total capacity of 40 megawatts of IT.

While the previous rounds of layoffs were carried out by the then CEO Zvi Lando, the current round is being led by new CEO Shuki Nir.

The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will rise on Tuesday at midnight January 1, 2025, by NIS 0.08 per liter to NIS 7.20 per liter, the Ministry of Energy and Infrastructure has announced.

The Israel Public Utility Authority for Electricity has decided that the consumer tariff will rise by 3.5% in January.

The Edeltech-Menorah consortium has won the BOT tender to finance, build, operate and maintain the power plant for 25 years.

Chief marketing officer Shuki Nir will replace interim CEO Ronen Faier, and will face the task of turning around the energy technology company that has switched to losses and seen its share price collapse.

Mathios Rigas told the Israel Business Conference how his company had kept the gas flowing, even during the attack by Iran.

The company has been coping with changes in the solar energy market that have hit its results.

The division is based on Korean company Kokam, which SolarEdge acquired six years ago for $88 million.

The solar energy company is seeking tenants for its new campus in Glilot, which it has leased from Azrieli.

Propeller Drones will use its partner Bladeranger’s technology to clean Electra's solar energy fields.

The Israeli solar energy company's market cap is currently $840 million, a fraction of the $19 billion market cap at SolarEdge's peak three years ago.