Energy Sector

The infrastructure company is in advanced negotiations to acquire an active power plant and a storage project in the USA. The assets are expected to generate an annual EBITDA of up to $33 million. At the same time, it is in talks to receive credit from an Israeli bank.

Zviki Ben David, VP of HyperStrong, warns that a lack of flexible economic models is driving Israeli energy companies to invest billions in Europe, potentially hindering Israel's ability to meet its national energy goals.

Experts at the Calcalist and Discount Energy Conference identified the state of the power grid as the primary obstacle to Israel's infrastructure development. They are calling for a national project to modernize the grid.

Rafael Maman, CEO of Bazan, stated that relying solely on fuel imports is utopian for Israel, emphasizing that the country must maintain independent refining capabilities given current security realities.

Israel Ziv, Chairman of Tmanat Energy, stated that the electricity sector's dependence on three offshore gas rigs poses a severe security risk, urging for energy decentralization as a national priority.

"Israel's energy sector is at a critical point," said Avi Levy, CEO of the Discount Group, at the opening of an energy conference. He noted that the sector is undergoing rapid changes, requiring urgent improvements in planning, infrastructure, and regulatory processes to maintain economic competitiveness.

Minister of Energy Eli Cohen has opposed the appointment of Gilad Bar-Adon as CEO of Noga. The minister argues that the candidate lacks the necessary expertise in the electricity sector.

The second-quarter financial reports of the Luzon Group reveal phenomenal growth and a significant increase in net profit, driven by a strategic move within the company's energy division.

For the first time, over 100 gigawatts of storage capacity were added to the global market in a single year. Amid resource scarcity and a shrinking pool of suppliers, project reliability is now paramount.

Following Donald Trump's announcement, the figures behind the deal are revealed: 19 dollars from every barrel will flow into the local treasury. Interim President Delcy Rodriguez clarified: "The sovereignty remains with us."

AirEngi Chairman of the Board, Major General (res.) Iftach Ron-Tal, and CEO Tal Raz have jointly purchased 28,285 shares of the company. The move follows the publication of H1 2026 financial reports, which showed a significant strengthening of the company's equity and balance sheet.

Infrastructure and energy company Inter Plus concludes a successful quarter with a surge in revenues and a transition to an operating profit of millions of shekels, alongside new, prestigious, high-volume contracts.

The Keystone fund, which previously competed to acquire Shikun & Binui Energy, has reported strong financial results: a 71% jump in return on equity and an investment portfolio exceeding 4.7 billion shekels. What does this mean for investors and pension funds?

The infrastructure fund Keystone is initiating the IPO process for Egged, targeting an 8 billion shekel valuation. Meanwhile, the fund reported a 77% decline in net profit for the second quarter of 2026, down to 32 million shekels.

US President Donald Trump's holdings in the oil and gas sectors have grown by up to 15.5 million dollars following the war with Iran, according to a report by Democratic members of the Joint Economic Committee of Congress.

Iran's Oil Minister announced the discovery of a large gas reservoir in Fars province, estimated to contain over 212.4 billion cubic meters of natural gas. Authorities described the find as a strategic asset for the country.

Supergas Power reports a 26% revenue increase to 493 million shekels and the sale of its gas operations for 395 million shekels. Consumers are set to receive over 31 million shekels in compensation as part of a settlement agreement.

More than a year after the Israeli attack on the South Pars gas field, Iran announces that it has completed 70% of the restoration at the Phase 14 refinery. The facility, which is vital to the Iranian energy sector, is expected, according to them, to return to full operation by the end of the year.

Amos Luzon has proposed to the Electricity Authority that three turbines at the Dorad 1 power station be shut down to comply with market share regulations and unblock the Dorad 2 project. Meanwhile, the Luzon Group is selling 20% of its stake in the station to the Meitav investment house.

Amos Luzon is selling 20% of Luzon Energy shares, representing his stake in the Dorad power plant, to an institutional entity for 233 million shekels. The deal values the station at 4.4 billion shekels.

Dalia Energy has secured approval from the Electricity Authority for the financial closing of the Eshkol Avshal project in Ashdod. Bank Hapoalim will serve as the senior debt arranger for the 5.2 billion shekel project.

Minister of Finance Bezalel Smotrich has appointed Benny Dreyfus, who recently resigned as CEO of Mifal HaPais, as the new chairman of the state-owned EAPC. He is set to assume the role in September.

Shikun & Binui Energy concluded the second quarter of 2026 with a 40% jump in revenue to 94 million shekels. Despite increasing gross profitability to 43%, a surge in financing expenses led to an 11% increase in net loss, reaching 79.9 million shekels.

Dalia Energy's Eshkol Avshal power plant project is nearing financial closing. Financing parties have confirmed that the conditions precedent for the process have been met.

China is set to impose its first tax on lithium-ion batteries and solar cells in a decade. Starting in September 2026, a 2% purchase tax will be applied, rising to 4% a year later, potentially impacting global prices for energy storage and electric vehicles.

The Paz Group finished the second quarter with a net profit of 158 million shekels, a 14% increase compared to the same period last year. The company also announced a dividend distribution of 130 million shekels.

From deep-sea gas exploration to the reliability of our power grid: we assessed the performance of Energy Minister Eli Cohen. Electricity supply has become more reliable and gas companies have resumed exploration, though renewable energy targets remain unmet. 'Performance Traffic Light' — a special report.

Nofar Energy, controlled by Ofer Yanai, has signed an agreement to acquire the energy company Highlight from real estate developer Gabi Buskila for 200 million shekels. The deal covers 92.5% of the company's shares.

Tadiran concluded the second quarter with a net profit of 15 million shekels, reversing last year's loss. Revenue rose by 15.1%, driven by a 34% surge in the energy sector.

The partnership controlled by Delek Group reported strong second-quarter 2026 results. The completion of the third pipeline and the INGL underwater section is expected to increase production and export capacity starting next quarter.

After a heavy loss of tens of millions of shekels last year, the climate and energy giant concludes an exceptionally strong quarter with revenues of over half a billion shekels and an order backlog that continues to double itself.

The green energy company concludes a strong quarter in the USA and Europe, but is forced to deal with an impairment of 185 million shekels and is transferring operations to Lithuania.

The energy company Adelteq, controlled by Uri Adelsburg, is conducting initial contacts to acquire 50% of the Hagit power plant from Shikun & Binui Energy. The value of these holdings is estimated at approximately 800 million shekels net.

OPC reported a successful second quarter with revenues jumping 94% to $379 million and adjusted net profit rising to $34 million. The growth was driven by increased ownership in US assets and a shift to dollar-denominated reporting.

The Lesico Group is expanding its footprint in the energy sector. Its subsidiary, Foldmir Binyan, has secured a contract to construct a power plant in southern Israel, with the first phase expected to generate approximately 70 million shekels in revenue.

OPC Energy reports a giant investment plan of about 7 billion dollars in the American electricity market, alongside exceptionally strong financial results.

Nofar Energy, controlled by Ofer Yanai, is in advanced negotiations to acquire the energy company Highlight. The potential deal is valued at 100-150 million NIS.

El Al doubled its profits and surged yesterday, but energy dragged Tel Aviv down. On Wall Street, the Dow hit a record, but AMD disappointed, and SpaceX plunged 13%. The major Israeli company crashed due to a weak forecast. What is expected today?

The inter-ministerial committee led by Yossi Dayan has decided against changing Chevron's status in Israel's gas market. The move aims to maintain regulatory certainty and avoid forcing the energy giant to divest from its key assets.

Stock exchange summary: A volatile and mixed trading day on the Tel Aviv Stock Exchange. Alongside an impressive double-digit jump in El Al shares and notable gains in Camtek and Keystone Infra, renewable energy shares experienced price declines.

Phoenix's investment values PowerGen at 3.25 billion shekels and is expected to yield the Generation fund a profit of up to 320 million shekels. This move is a key step in financing the acquisition of Shikun & Binui Energy and strengthens PowerGen's position as a leading player in the Israeli energy market.

Shikun & Binui has established tiered penalties for withdrawing from the sale of Shikun Energy to the Generation fund. The compensation reaches 300 million shekels if the company accepts a competing offer from a major industry player.

BLenergy, the energy division of the Blilius family, has secured Clal Insurance as a strategic partner. The 250 million shekel investment will focus on expanding energy storage projects across Europe.

Prime Energy has signed a framework agreement with Delek Nasim to build server farms at gas stations. This strategy allows the company to bypass power grid connection bottlenecks and pursue an ambitious expansion plan despite recent regulatory restrictions.

ExxonMobil and Chevron, the two largest US oil companies, reported massive second-quarter profits following a surge in global oil prices driven by the war between the US and Iran.

The owners of the Omnis Pleasants company have filed for Chapter 11 bankruptcy protection in a Delaware court following a severe financial collapse, with debts exceeding $70 million.

After beating the Keystone offer, Generation will acquire the energy activity of Shikun & Binui in a deal of up to 4.5 billion shekels, a deal that will significantly strengthen its position in the electricity market.

The infrastructure company Rimon is acquiring control of Inter Industries at a value of about 169 million shekels, a premium of about 17% over the market price. But the stock is jumping even more - what does this mean for investors and what is behind the move?

Nofar Energy has confirmed advanced negotiations to acquire a 47.5% stake in the Reindeer power plant project. The deal to purchase shares from Phoenix and private investors is valued at 855 million shekels.

Since the beginning of the week, Yanai has added former El Al CEO Dina Ben-Tal Ganancia as an external director, entered negotiations with Meitav for an investment in Nofar Israel and with Migdal Insurance for an investment in Nofar Europe, and attempted to purchase shares in the Reindeer power station from Phoenix and other investors.