Tadiran Group (TASE: TDRN) has notified the Tel Aviv Stock Exchange (TASE) that its energy storage unit Aviem has signed a contract to supply energy storage systems to Energix Renewable Energies (TASE: ENRG) for up to $85 million. In addition to the cost of the systems themselves, Energix has an option to pay up to $40 million for operational and maintenance services.
Energix is buying the systems for the installation of projects after winning the Israel Public Utility Authority for Electricity tender to produce electricity from photovoltaic technology combined with storage capacity. The systems that will be supplied have been adapted to the needs of Energix and Tadiran estimates that the orders in the agreement will be delivered by the end of 2023.
Tadiran says the latest agreement positions it as a leading player in the energy storage field in Israel and Europe….
Energix to buy Tadiran energy storage systems for $85m
