Shifting to renewable energy to save Israel 2.62 bln USD: ministry report

Source: Xinhua| 2020-06-26 00:44:48|Editor: huaxia

JERUSALEM, June 25 (Xinhua) -- A report released by Israel's Ministry of Environmental Protection (MoEP) on Thursday stated that combined cycle facilities with renewable energy and battery energy storage will save the Israeli economy 9 billion new shekels (about 2.62 billion U.S. dollars).

According to the report, written by ministry experts, in collaboration with electrical system consultants and experts, these facilities will also prevent pollution, greenhouse gas emissions, and damage to public health, and will improve the reliability of the power supply.

The team recommends that such facilities should be set up instead of future planned conventional open cycle power plants to be powered by natural gas turbines or engines.

The study shows that battery storage facilities are significantly superior in terms of their technical capabilities and performance compared to those of polluting gas-fueled power plants.

Furthermore, renewable energy storage facilities can provide a range of other important and expensive services to the electricity system, such as a revolving reserve (an energy reserve that can be plugged into the power grid at a short notice).

To achieve this target, the MoEP said it will work in collaboration with the Energy Ministry and the Electricity Authority to implement regulation for the accelerated development of the private market in the field of energy storage. Enditem