Energy Storage

Prime Energy signed an MOU to acquire 70 MW of operating solar assets in Hungary for 17.8 million euros in equity, targeting high project returns and future energy storage integration.

Kolmobil Energy and Temenet launched a 60 million euro energy storage facility in Silistra near the Romanian border, utilizing BYD batteries and EU grants to capitalize on Eastern European power price fluctuations.

Lithium-ion battery fires are surging across Israel, claiming lives and prompting urgent warnings from fire authorities, as survivors advocate for strict safety regulations.

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.

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.

The general meeting approved the appointment of the former CEO of Microsoft Israel to the energy company's board of directors, against the backdrop of growing electricity demand for data centers and AI infrastructure.

The geothermal energy producer is raising its annual forecast to up to $1.2 billion following strong second-quarter reports, alongside an unusual jump of almost 200% in its energy storage activity worldwide.

Israeli company SolarEdge reported a return to non-GAAP adjusted net profit of $3.6 million in the second quarter of 2026. However, the stock fell by 12% following a disappointing revenue forecast for the third quarter.