When will energy storage facilities be built in Israel?

(3) The Electricity Authority will publish a tender in September 2023 for the establishment of Energy Storage facilities with a total capacity of 900MW. Israel plans to use its abundant gas resources to leverage the development of a gas-based auxiliary industrial sector.

How does Israel respond to electricity consumption forecasts?

In light of these challenges, the Government of Israel is promoting several programs to respond to electricity consumption forecasts, while reducing pollution and increasing the use of natural gas and renewable energy.

Can Israel connect to other grid networks?

There has been some public discussion about linking Israel to other grid networks including in Europe via an undersea interconnector line. Overall installed capacity in 2021 totaled 21.5 GW, with parastatal company Israel Electric Corporation (IEC) accounting for 61% of production, with independent power producers accounting for the remainder.

Does Israel have a new electricity sector?

In June 2018, the Government of Israel approved a comprehensive structural reform in the Israeli electricity sector, planned to be implemented over the course of 8 years (2018-2026). As part of the reform, IEC’s share in electricity generation will be reduced from 60% to 40%.

How does the FTA promote Israel's economy?

From our headquarters in Jerusalem together with 50 economic and trade missions in key financial centers throughout the world, the FTA promotes Israel’s economy worldwide. Israel’s economic and trade missions are at the forefront of the Israeli government’s efforts to advance our industries in foreign markets.

What are Israel's Economic and trade missions?

Israel’s economic and trade missions are at the forefront of the Israeli government’s efforts to advance our industries in foreign markets. Our team of highly experienced economic representatives provide a wide range of services to Israeli companies and to the international business community.