G City Joins Trend, Will Install Energy Storage Systems at Israeli Properties
Translated & summarized from Calcalist by baba
G City will install energy storage systems at 10 of its Israeli properties in cooperation with AGEERA, aiming to reduce its significant electricity expenses. The first system, with a capacity of 20 megawatt-hours, will be built in Rishon LeZion by 2027. This initiative follows similar moves by other major Israeli real estate firms seeking to optimize energy consumption and costs.
The story in 5 lines · by baba
- G City will install energy storage systems at 10 Israeli properties in partnership with AGEERA.
- The total potential capacity of the new systems will reach approximately 300 megawatt-hours.
- The first system, with a 20 megawatt-hour capacity, will be built in Rishon LeZion by 2027.
- This initiative aims to reduce G City's substantial electricity and water operating costs.
- G City joins other Israeli real estate companies like Big, Mivne, and Gav Yam in adopting energy storage solutions.
Real estate company G City, controlled by Haim Katzman, is following a growing trend among Israeli property firms by installing energy storage systems at its Israeli assets. The company has signed a cooperation agreement with AGEERA, a company specializing in energy storage, to establish and operate these systems across 10 of G City's properties in Israel.
The total potential capacity of these storage facilities will reach approximately 300 megawatt-hours, intended to meet G City's electricity needs. The first property to feature such a system will be a rental property in Rishon LeZion, with a 20 megawatt-hour capacity, requiring an investment of 12 million shekels. Construction is slated for 2027.
This move is expected to help G City reduce its significant electricity and water expenses, which amounted to 188 million shekels in 2025, representing 26% of its total operating costs for rental properties. The storage systems will allow the company to store electricity during off-peak hours and use it during peak demand periods.
G City currently operates nine rental properties in Israel and has two more under development. The initial project in Rishon LeZion is part of the G complex in the western industrial zone, a 75,000 square meter commercial space with 99% occupancy in 2025, generating 140 million shekels in revenue that year.
G City's decision aligns with other major Israeli real estate companies like Big, Mivne, Gav Yam, and Mega Or, which have recently entered into similar agreements for energy storage solutions. These collaborations aim to enhance operational efficiency and potentially lower energy costs.
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