Israel air compressed energy storage technology development

Can a new energy storage facility be built in Israel?

(Sue Surkes/Times of Israel) An Israeli company that has developed a unique method of storing renewable energy using air and water announced Wednesday that it has signed an $8 million agreement in principle with the Israel Electricity Corporation to build the first facility of its kind in the world, in Dimona, southern Israel.

Why did Yogev develop the airbattery system?

Or Yogev, developed the AirBattery system as a way of solving one of the renewable energy field’s largest paradoxes: renewable energy is very commonly stored in rare-metal lithium-ion batteries, which have a heavy negative impact on the environment. Yogev’s goal is to move away from these wasteful resources and toward something cleaner.

Can a modular energy storage system compete with other storage systems?

Or Yogev, told some 300 people gathered at Kibbutz Yahel, 45 minutes north of Eilat, that his modular, mechanical system can compete in price with any other storage system in the market, is environmentally clean and can be scaled up to store quantities of energy that today’s batteries cannot.