Israel energy company Solegreen (TASE: SLGN) and Tadiran Group (TASE: TDRN) have reached a strategic agreement. Solegreen and signed a framework deal. Under the terms of the agreement, Solegreen will energy storage systems from Tadiran Group subsidiary Aviem, for an overall supply of up to about 600 megawatt hours, for its solar energy project backlog, which combines storage and the company’s storage projects in Israel. The overall cost of the agreement is up to $130 million, with delivery of the systems to be carried out over the next two years.
Tadiran Group acquired Aviem last October for NIS 30 million, plus milestone payments. Aviem is a long-established and successful company that has been operating for about 50 years, specializing and leading in electrical energy systems of various types, including: uninterruptable power systems, power suppliers and chargers,…
Solegreen to buy Tadiran energy storage systems for $130m
