Since establishing the first commercial solar system in 2008 in Katsrin, Israel, we have worked to initiate, develop, and own a wide-reaching portfolio of renewable energy facilities in Israel and around the world. In Israel, we continue to establish clean renewable energy and electricity supply projects in the country’s geographic periphery, for industrial and commercial use. We operate in various areas of the renewable energy sector, including solar power installations combined with energy storage, dual-use solar installations of various types, biogas installations, and wind turbines.
In addition to our contribution to the generation of green energy in Israel, we have a substantial presence in global markets such as the United States, Italy, Poland, Romania, and Denmark, where we contribute to reducing the impacts of the climate crisis.
Within the realm of energy storage, participating in a crucial milestone to enable the electricity sector in Israel and globally to rely on renewable energy, we work to establish large-scale facilities with diverse applications and carry out advanced procurement processes with leading global storage equipment manufacturers. For instance, as part of our activities in Israel, we won approximately 40% of the quota issued by the Electricity Authority for the construction solar facilities with integrated storage in a competitive process.
Furthermore, we are dedicated to fostering the advancement of and investment in renewable energy, environmental and climate-related innovation, and transformative technologies. This commitment is realized through our technology and investment division, ‘Doral Tech’, as we firmly believe that the integration of breakthrough technology with pioneering entrepreneurial capabilities distinguishes us as an industry leader. For example, as part of our activity in the field of green hydrogen, the Company received a grant of approximately 3.3 million ILS from the Ministry of Energy to establish a pilot project to produce green hydrogen from electricity generated by a solar facility, applying H2Pro Ltd.’s, a Doral Tech portfolio company, hydrogen generation technology. Simultaneously, we work to expand our activities in the field of environmental infrastructure and biogas through active initiation, promotion, and operation of both new and existing projects, every one of which has considerable potential to address impacts arising from the global climate crisis.
Another important step we have taken is obtaining a license from the Israel Electricity Authority to supply electricity directly to end consumers. In the course of 2024, we will supply the green and clean electricity produced in our facilities directly to these consumers. This approach empowers consumers to actively participate in the transition from polluting fossil fuels to clean renewable energy, helping them achieve environmental sustainability.