SUBSCRIBE
PROFILE

Ormat Technologies Signs Tolling Agreements for Two Energy Storage Facilities in Israel

Ormat Technologies has signed tolling agreements for two new energy storage facilities in Israel, further strengthening its diversification and resilience in the energy sector.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Ormat Technologies recently announced the signing of tolling agreements for two new energy storage facilities in Israel. These new projects enrich the company’s strategic approach, which aims to optimize its portfolio while meeting the growing demands of the energy market.

A Strategic Sector in Full Expansion

Energy storage has become a key sector in managing energy production and consumption, especially in regions where renewable energy plays an increasingly significant role. These new facilities allow Ormat to strengthen its presence in this field and better respond to demand fluctuations. Energy storage is becoming an essential solution to address the intermittency of renewable energy sources.

Advantageous Tolling Agreements for Ormat

Tolling agreements allow Ormat to benefit from stable and predictable revenue through compensation based on the amount of energy stored and released. This economic model offers numerous advantages, particularly in terms of long-term profitability. The company relies on these projects to diversify its revenue sources while maintaining stable growth, even in a constantly evolving market.

A Response to the Needs of the Israeli Market

These agreements strengthen Israel’s energy infrastructure, a market undergoing transformation, where the demand for stable and flexible energy continues to grow. Integrating energy storage technologies into the Israeli grid not only stabilizes supply but also accelerates the transition to more sustainable energy sources. Ormat thus positions itself as a key player in this evolution, with projects that support the modernization of the grid.

Strategic Diversification of Long-Term Projects

With these two new facilities, Ormat continues its diversification strategy. These projects are part of a long-term objective to strengthen the resilience of its operations while expanding its portfolio. The company is not only capitalizing on its energy management expertise but also seeking to meet market expectations in terms of sustainability and technological innovation.

  • Popular on energynews.pro
Spie and Tesla partner to deploy battery electricity storage systems in Europe
EDF power solutions secures 250 MW battery contract in Germany
Enel acquires two onshore wind farms in Germany for €80mn in strategic move
Nordex secures 200 MW contract for wind farm in Canada
Niger signs strategic deal with Russia to revive uranium mining
Peregrine launches 500 MWh storage project near Dallas with Wärtsilä and WHC
Peregrine Energy Solutions has begun construction on a 500 MWh storage project in Texas, relying on Wärtsilä's technology and WHC's engineering expertise to enhance ERCOT grid flexibility.
Saudi Arabia connects 7.8 GWh energy storage project to the grid
The world's largest battery energy storage system enters service in Saudi Arabia, with an annual capacity of 2.2 billion kWh spread across three strategic sites in the southwest of the country.
Masdar commissions first UK storage site and adds 150 MW of new capacity
Masdar begins commercial operations at a Stockport battery storage unit and announces two more UK projects, part of a £1bn ($1.25bn) plan for 3GWh of BESS capacity.
Akaysha commissions 155 MW battery in Australia and prepares expansion
Australia-based storage platform Akaysha Energy has launched its first operational project, a 155 MW battery in Queensland, while confirming its expansion to over 1 GWh.
LehmanSoft deploys first 2MW grid battery in Saitama Prefecture
LehmanSoft Japan connected a 2MW/8.1MWh energy storage facility to the grid in Chichibu City, marking its entry into the Japanese stationary storage market.
Akuo begins construction of 200 MWh storage facility in New Caledonia
Akuo launches a large-scale electricity storage project in Boulouparis, with a 200 MWh capacity, to support New Caledonia’s grid stability and reinforce the integration of renewable energies.
Vena Energy launches 408 MWh storage system in South Australia
Vena Energy has begun construction of a 408 MWh battery energy storage system in Tailem Bend, marking a new phase in the deployment of its infrastructure in Australia.
Germany restructures grid connection rules amid massive BESS project surge
The explosion of battery storage applications in Germany is causing grid congestion and pushing Berlin to revise its regulatory framework to prevent market saturation.
Controllable solar hits strategic threshold at $65/MWh despite China supply risk
The collapse in storage costs positions batteries as a key lever for dispatchable solar, but dependence on Chinese suppliers creates growing tension between competitiveness and supply chain security.
JA Solar commissions its first industrial solar-storage system in Sicily
JA Solar has launched a microgrid combining 5.2 MW of solar and 2.61 MWh of storage at an industrial site in Sicily, marking its first application of the "PV+Storage+X" model in Italy.
Sinexcel installs its first 2MW energy storage system in the Japanese market
Sinexcel has installed a 2MW/8MWh energy storage system in Matsusaka, marking a breakthrough in a regulated market after five years of technical partnerships and gradual deployment in Japan.
Inlyte validates iron-sodium storage system ahead of 2026 deployment
Inlyte Energy has successfully completed factory validation testing of its first full-scale iron-sodium battery, witnessed by Southern Company, paving the way for a pilot installation in the United States in early 2026.
Neoen launches third stage of its giant battery in Queensland
Neoen begins construction of a new 305 MW stage in Australia, raising its total battery storage capacity in the country to 2 GW, and signs two additional virtual battery contracts with ENGIE.
ENGIE awards NHOA Energy a 320 MWh battery storage project in Belgium
ENGIE has awarded NHOA Energy the contract for a 320 MWh battery energy storage system in Drogenbos, marking a new step in their industrial partnership in Belgium.
Stardust Power secures technical green light for its lithium refinery in Oklahoma
Stardust Power has completed an independent review of its lithium refinery project in Muskogee, confirming technical feasibility and compliance with industry standards for its initial production phase.
South 8 Technologies raises $11mn to scale up LiGas battery production for defence
California-based battery manufacturer South 8 Technologies has secured $11mn to boost production of its LiGas cells, targeting military and space applications under extreme conditions.
Samsung SDI signs $1.53bn contract to supply LFP batteries in the United States
Samsung SDI will supply LFP cells for energy storage systems in the United States starting in 2027, under a multi-year deal valued at $1.53bn.
Bitzero invests to triple capacity at Norway site to 110 MW by 2026
Bitzero Holdings launches a new 70 MW expansion phase in Namsskogan, Norway, targeting a total capacity of 110 MW and an upgrade of its high-performance computing capabilities.
Remixpoint launches seven battery storage projects with Nippon Chikudenchi in Japan
Remixpoint and Nippon Chikudenchi have formalised a partnership to develop seven 2MW/8MWh BESS facilities by October 2026 through a newly established joint venture.
Beam Global to develop custom batteries for Ray Systems’ underwater drones
UK-based Ray Systems has selected Beam Global to supply tailored battery systems for its new autonomous underwater drones, aiming to extend mission duration without compromising stealth or manoeuvrability.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.