ENERGY

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.

Noga has set a target of 100,000 households switching electricity providers by the end of 2024.

Completion of the Israeli offshore project will allow the increase of annual production capacity from 12 BCM to 21 BCM.

The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will fall on Wednesday at midnight August 1, by NIS 0.08 per liter to NIS 7.48 per liter, the Ministry of Energy and Infrastructure has announced.

All-out war with Hezbollah could threaten gas supply to the power industry, but alternative fuels have been stockpiled.

Since the start of the Swords of Iron War, Turkey has turned completely hostile to Israel, but President Erdogan's latest declaration is still extraordinary.

Addionics develops and manufactures 3D Current Collectors, which drive significant car battery manufacturing and performance benefits.

From July 25, even customers without a smart meter can leave Israel Electric Corporation for a different supplier.

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.

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

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