Producing green electricity from renewable energy is the cleanest method of generating electricity, saving on pollutant emissions while also being the cheapest source of energy production in the Israeli market. However, alongside these advantages and given the absolute dependence on natural resources for electricity production and reliance on existing transmission infrastructure, to meet Israel’s renewable energy targets for 2030, an accelerated integration of electricity storage facilities is required. Storage technologies integrate into the renewable energy production system, enabling renewable energy facilities to supply electricity around the clock, similar to conventional production facilities. In the future, long-term storage technologies will be needed to allow for energy storage across seasons.
In 2020, Doral won the majority of competitive tenders issued by the Israel Electricity Authority, which combine solar energy with storage capacity. According to the rules of these unique tenders, a massive integration of electricity storage facilities is expected (the required storage capacity is 400% relative to the size of the solar facility connections), making Israel one of the world’s leading countries in the integration of storage facilities, with Doral being the leading company in this field in Israel.
In 2023, the Company established solar facilities integrated with storage with a capacity of approximately 232 MW (DC) combined with about 594 MWh of storage. The construction of these projects is expected to continue until the end of 2025.
As part of its efforts to develop innovation and invest in synergistic technologies for the Company’s activities in the storage sector, Doral has invested in the following companies: Phinergy Ltd., Storage Drop, Yotta Energy, Ascend Elements, Addionics, Quino Energy, Noon Energy, AM Batteries, and Titan AES.
