3 FAQs about Israel energy project management energy storage

Will Ormat's Energy storage contracts help Israel achieve energy continuity goals?

Blachar concluded, “These energy storage contracts mark the Company's first owned project in Israel, and we look forward to continuing to work with Allied as Ormat's capabilities and assets will now help drive Israel's efforts to achieve its renewable energy and energy continuity goals.”

What is the energy storage partnership?

The partnership aims to further develop additional energy storage projects as they advance through the interconnection and permitting stages, targeting commercial operations by 2028.

Who owns Ormat's Energy Storage projects?

These projects are developed in partnership with Allied Infrastructure LTD (“Allied”), a leading infrastructure company in Israel. The ownership of the projects will be shared, 50/50 between Ormat and Allied. This marks Ormat's and the partnership's first major entry into the Israeli utility scale energy storage market.

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