ENERGY STORAGE IS TRANSFORMING ISRAEL''S
The global energy-storage giant HiTHIUM is supplying Israel with large-scale storage facilities, positioning the country at the forefront of next-generation smart-energy
To support this transition, Israeli network operator Nega Company ran a tender in July 2024 which attracted offers from 11 bidders for the construction and operation of 29 high-voltage energy storage projects, totaling approximately 4 GW with each project offering a storage capacity for at least four hours.
The Israel Electric Corporation Ltd. is a company that generates, transmits, distributes, and supplies most of the electricity used in the Israeli economy according to licenses granted by virtue of the Electricity Sector Law, 1996. Its main activities take place within the State of Israel.
The two facilities – Neot Smadar and Ohad in southern Israel – will operate under regulated tariffs for five years before gaining merchant market access. The projects must begin operations by 2028, with construction costs estimated at $210-250 million. This latest award accounts for 20% of the capacity allocated in Israel's first storage tender.
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