The former chief of staff, who decided not to run in the last election, will serve as chairman of a company in the field of green energy storage: "It is important that Israel be at the forefront of the global effort."
Gadi Izenkot
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Instead of politics - green energy:
Gadi Izenkot, the former chief of staff, will serve as chairman of the board of directors of StorageDrop, which specializes in the development of advanced technologies for storing green energy.
This is according to a statement given by the company to the stock exchange.
This is the first managerial position in the business sector, after the end of his term as chief of staff and after Zakhar decided not to run in the last election.
Last month, Storage Drop announced its entry into the Tel Aviv Stock Exchange, through a merger with Medio Therapeutic.
According to the memorandum of understanding signed between the two parties, the shareholders of Storage Drop will hold up to about 75% in full dilution of the share capital of Medivi, which has so far focused on the production of medical cannabis products.
Along with Izenkot, we are led by Sturg Drop, the company's vice chairman, Yona Fogel, who served for 13 years as CEO of the Paz Group and chairman of the board of directors of its subsidiaries. Extensive experience in the field of renewable energy.
The company's scientific advisor is Prof. Gershon Grossman, who currently heads the Energy Forum at the Ne'eman Institute at the Technion.
Izenkot said: "Dealing with extreme climate change and creating available and green energy alternatives here is of great importance. Sturge Drop's green energy storage technologies are an important tool in this tackle."
Izenkot added that "green energy, which can be stored, is cheaper than conventional fuels. It will save energy expenses in the private and business sectors. It is important that Israel be at the forefront of the global effort in this area."
According to a report by the research company LUX, in 2019 the annual income of the energy storage systems market for the world electricity grid stood at about $ 9.1 billion, and it is expected to continue to grow at an annual growth rate (CAGR) of 17%, up to about $ 111.8 billion in 2035