Israel to optimize use of electricity grid

Israel announced a plan to encourage the establishment of renewable energy generation and storage facilities in dense urban areas, the Israeli Electricity Authority said Thursday.

The plan will grant bonuses to companies, entrepreneurs, and property owners that set up such facilities in 70 selected dense urban areas.

The goal is to optimize the use of the electricity grid, reduce loads and electricity losses, and help Israel achieve its national renewable energy goals, said the authority, adding that the plan is important amid the growing demand for electricity, the lack of land, and climate change.

The authority said decentralizing electricity generation through small installations nationwide enables clean energy production and increases economic competition.

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