Empowering a Sustainable and Resilient Future

Since its establishment in 2018, Generation has been active in the energy sector, through investment in companies operating in this field and in infrastructure projects, such as power stations, green energy projects, electricity storage stations, and more. Most of Generation’s activity in the energy sector is concentrated under PowerGen – electricity generation, electricity storage and supply of electricity to the customer. In the field of generation and storage, PowerGen owns a variety of means and technologies – electricity generation in conventional power stations, cogeneration, diversified photovoltaic generation in different segments, a pumped storage facility, photovoltaic generation combined with storage, and more. In the supply segment, alongside its activity as a central electricity supplier to large customers, PowerGen aims to be a significant player in the supply of electricity to small and domestic customers, through its partnership with Bezeq, in light of the opening of the supply segment to competition in early 2024. Generation also owns complementary investments in the energy sector, such as its investment in natural gas distribution companies in the southern region of the country, as well as in Greenway, which operates in electric vehicle charging across Central and Eastern Europe.

The electricity market is experiencing significant growth in production and storage capacity due to the rising population and increased consumption. The massive integration of renewable energy as a cost-effective and efficient production method is transforming the production function and necessitating the introduction of batteries and storage facilities. These changes are impacting electricity prices and various regulations. The trend toward environmental conservation also supports the increasing use of renewable energy while reducing reliance on polluting fuels. At the same time, the growing presence of electric vehicles in the Israeli car market is driving additional demand for electricity and highlighting the need for significant charging infrastructure

All of these lead to investment needs in scopes of billions of shekels, aiming to meet the growing demand for electricity. PowerGen has both the infrastructure and the ability to continue establishing electricity generation and storage projects on a significant scale, which will support the growing demand in the electricity market in Israel.