ENERGY

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.

The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will rise on Thursday at midnight November 1, by NIS 0.04 per liter to NIS 7.12 per liter.

According to investment website Seeking Alpha, the company has the second largest short position among the companies on New York stock exchanges.

The project, which aims to increase Israel's daily supply of gas by 0.2 BCF, will be delayed due to the war, hitting plans to increase exports.

There are 3.1 million electricity customers in Israel and with the 100,000 target for the end of 2024 already breached, the target has been raised to 200,000.

From the start of 2024 to September 1, the maximum price of government price controlled 95 octane gasoline at self-service pumps would have risen by NIS 0.22 from NIS 6.94 at the end of 2023.

Haifa Group said the natural gas will be used for its routine operational needs and as raw material for its ammonia production plant, which is currently under construction at Mishor Rotem.

NIS 1.133 billion was collected from natural gas royalties in the first half of 204, the Ministry of Energy and Infrastructure reports.

A month after regulations made solar panels on newly built public buildings and houses mandatory, a National Economic Council study says this method of producing electricity is too expensive for the economy.

The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will fall on Saturday at midnight September 1, by NIS 0.19 per liter to NIS 7.29 per liter, the Ministry of Energy and Infrastructure has announced.

The cleantech company estimates that the plan will save NIS 5 million in annual spending, which will help it cope best with current and future challenges.

Lando: The road to a full recovery of SolarEdge is still ahead of us and to drive this recovery at a fast pace requires new energy and leadership.

Solar energy installations are often financed through loans, so when interest rates fall, the expectation is for increased demand in the industry.

Israel's National Planning and Building Committee has approved new regulations requiring all new non-residential buildings and houses to install solar panels on their roofs.