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Impression of new SolarEdge campus at Glilot credit:  Gilad Lan What will become of SolarEdge's huge new campus?

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.

SolarEdge CEO Zvi Lando credit: Eyal Izhar SolarEdge seen laying off hundreds

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

Leviathan platform  credit: Albatross Barclays sees 54% upside in Delek

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

Solar Drone credit: Amit Malka Bladeranger signs solar panel drone distribution deal

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

Gasoline prices in Israel back on the rise

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.

Leviathan platform  credit: Albatross Regulator signals nod for expansion of Leviathan production

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

SolarEdge CEO Zvi Lando credit: Eyal Izhar SolarEdge slumps further on plans to raise $300m bond

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

Power lines  photo: Eyal Izhar Former Energy Ministry official: Electricity grid not ready for war

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.

Energean CEO Mathios Rigas  credit: Eyal Izhar Carlyle to buy Energean's Egyptian, Italian, Croatian assets

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

Tamar rig credit: PR Israel's sovereign wealth fund accrues nearly NIS 6b

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

Homebiogas founders credit: Homebiogas Supplying green cooking gas to the developing world

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

Edeltech EVP Niv Sever credit: Omer Mesinger Edeltech buys Turkish co's Ashdod - Ramat Negev Energy stake

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

Gas pump credit: Shlomi Yosef Gasoline prices to fall for first time in 2024

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.

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”.

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