Written by Kfir Kedem – July 21, 2022
Reviewed by Asaf Kedem
Nofar Energy is an Israeli renewable energy company that is going very far. Founded in 2011, the company produces solar-related energy solutions and energy storage systems. It has expanded dramatically since its inception and went public on the Israeli exchange in 2020 as the third-most valuable Israeli renewable energy company.
Nofar Energy has also been involved in several high-energy projects. Last year, it built the largest energy storage system in the UK. Recently, Romania invested in a 255 MW PV (Photovoltaics) park. And that’s on top of all the solar-related projects that have been achieved in Israel and Spain.
Auto Trendy’s take:
What are the automotive applications? With the transition to electric vehicles, one of the main bottlenecks is the electric energy grid. There is only so much energy to go around at once. Nofar Energy is not only aiding in the production of more electric energy (with the PV) but is also providing energy storage systems that can be charged ahead of time to battle the high energy consumption of peak charging demands.