Solel Activates Plans to Become Israel's First Private Electricity Provider; Will Build and Operate a Pollution-Free Solar Power Plant of Approximately 150MW In the Negev Desert.BEIT-SHEMESH, Israel -- Solel Solar Systems ltd., a world leader in solar thermal technology for the clean generation of electric power, applied to the Israel Electricity Authorities for a license to become a Private Electricity Producer. Solel plans to build and operate Israel's first Solar Power Plant in the Negev Desert Noun 1. Negev Desert - a desert in southern Israel Negev Israel, State of Israel, Yisrael, Zion, Sion - Jewish republic in southwestern Asia at eastern end of Mediterranean; formerly part of Palestine , designed to produce approximately 150MW and to supply electricity to about 300,000 households. "Israel's environmental conditions are ideal for the production of clean energy," said Mr. Avi Brenmiller, Solel's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We have identified the existence of the three necessary factors for the migration to clean energy; environmental preservation Environmental preservation is the strict setting aside of natural resources to prevent the use or contact by humans or by human intervention. In terms of policy making this often means setting aside areas as nature reserves (otherwise known as wildlife reserves), parks, or other considerations, the creation of thousands of jobs in the power plant and related industries and the diversification of the energy resources portfolio. All it takes now is the initiative to transform these factors into reality. We forecast that within 10-15 years, 10% of Israel's population will consume clean electricity and that rate is set to constantly increase and dramatically influence the Israeli energy landscape." Solel recently won an order to supply Solargenix 10,000 solar thermal receivers that are the core of the thermo solar conduction conduction, transfer of heat or electricity through a substance, resulting from a difference in temperature between different parts of the substance, in the case of heat, or from a difference in electric potential, in the case of electricity. technology for a new solar power plant in Nevada. About Solel Solel Solar Systems ltd., is a world leading provider of solar thermal technology for central power generation. Solel's parabolic trough A parabolic trough is a type of solar thermal collector. It is constructed as a long parabolic mirror (usually coated silver or polished aluminum) with a Dewar tube running its length at the focal point. Sunlight is reflected by the mirror and concentrated on the Dewar tube. thermal technology transforms sunlight into steam of up to 400 degrees Celsius (752 degrees Fahrenheit). Solel's technology is successfully implemented in nine power stations at the SEGS solar fields in California's Mojave Desert Mojave or Mohave Desert, c.15,000 sq mi (38,850 sq km), region of low, barren mountains and flat valleys, 2,000 to 5,000 ft (610–1,524 m) high, S Calif.; part of the Great Basin of the United States. , supplying 350MW for over 500,000 residents thus saving an annual consumption of 2 million barrels of oil. Solel solutions are implemented in other countries for heating and air-conditioning installations. Solel forecasts orders of tens of million of dollars for 2006. This massive annual growth has generated a recent increase of 30% in Solel's manpower. Founded in 1992, Solel currently employs 120 individuals in its R&D and production plant in Israel. Solel is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. and operates in Nevada USA through its subsidiary Solel Inc. www.solel.com |
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