Israel has awarded contracts for 1.5 GW of high-voltage battery storage capacity across three regions, marking a significant milestone in the country’s energy transition.
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Israel is a relatively small country located in the Middle East on the Mediterranean coast. In the east, Israel has a long land border with Jordan, and in the south it has access to the Red Sea. In terms of size, Israel is 151st
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The Electricity Authority of Israel has received proposals for a competitive procedure aimed at establishing and operating large storage facilities by the private market.
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Israel’s storage tender sets prices between $0.0056 and $0.0085 per kW, with kWh figures therefore at $49.41 to $74.20 per kWh. From ESS News Israel has awarded contracts for 1.5 GW of high-voltage battery storage capacity across three regions, marking a significant milestone in the country’s energy transition.
Israel's consumption per capita is 2.5 toe (i.e., 20% less than the Middle East average), including around 6 500 kWh of electricity (65% above the regional average) (2023). Primary energy consumption has remained almost stable since 2021 (around 24 Mtoe), after rising from 2019 to 2021 (2.2%/year).
The tender, which attracted 11 bidders proposing 29 projects, set capacity tariffs ranging from 2.0 to 3.0 agorot per kW, which in USD is approximately $0.00564 to $0.00847 per kW. (Note that a conversion is therefore needed to kWh, which is an annual figure. Fully formed, the price is therefore $49.41 to $74.20 per kWh.)
Primary energy consumption has remained almost stable since 2021 (around 24 Mtoe), after rising from 2019 to 2021 (2.2%/year). Between 2015 and 2019, consumption was quite stable at around 22 Mtoe.
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