Elbit Systems Expands Reliance on Sustainable Energy
HAIFA, Israel, Oct. 25, 2021 /PRNewswire/ — Elbit Systems (“the Company”) announced today that it will commence a project to establish power generation and energy storage units at several of the Company’s facilities in Israel.
As part of this project, Elbit Systems will increase the volume of electricity generated from renewable energy and lower emission energy sources and will improve the energy consumption management throughout its facilities. The Company will install a range of electricity generation systems using photovoltaic technology, including solar panels on the rooftops of Elbit Systems’ facilities, offices and buildings – across an area totaling in tens of thousands of square meters. In addition, the Company will build a 3 megawatt energy generation plant powered by natural gas, an energy storage facility and a management system that will synchronize (on a daily basis) the production activity using the various technologies and energy consumption.
Elbit Systems selected S’energy Renewable Energy (“S’energy”), is an entrepreneurial company with a strong engineering, procurement and construction (EPC) department, to deliver the project. Both companies have agreed, in principal, to cross sell electricity from renewable energies, the first agreement of its kind in Israel. The companies agreed that Elbit Systems may purchase electricity generated at S’energy’s production sites throughout Israel. These sales of electricity are subject to the approval of relevant regulations in Israel.
Elbit Systems is also taking additional measures to expand its reliance on cleaner energy and reduce its carbon footprint. As part of these efforts, the Company’s extensive fleet of Company vehicles has significantly increased the number of hybrid vehicles and now offers Israeli employees the option to lease electric vehicles, providing dedicated charging stations at the Company’s facilities.
Moreover, Elbit Systems recently announced a partnership with Air France KLM Group to promote sustainability in aviation. As part of this collaboration, carbon dioxide emissions related to Elbit Systems employees air travel with the Air France KLM Group will be assessed, and Elbit Systems will be given the opportunity to contribute to the purchase of recycled aviation fuel (SAF – Sustainable aviation fuel) to offset the carbon emissions generated by such air travel.
Yuval Ramon, Elbit Systems Executive Vice President and Chief Operating Officer, said: “Elbit Systems is expanding its efforts to reduce the Company’s carbon footprint and expand its reliance on cleaner energy as part of the Company’s commitment to sustainability and protecting the environment.”
About S’energy Renewable Energy:
S’energy Renewable Energy is an entrepreneurial company and a pioneer in the solar energy sector. S’energy was one of the first companies in Israel to enter the solar energy field, accumulating extensive experience and establishing a strong reputation and a major presence in the renewable industry in Israel and abroad. S’energy plans, imports and, installs commercial solar systems for industrial entities, public institutions, agricultural enterprises, and water reservoirs.
In recent years, S’energy Renewable Energy has initiated and established hundreds of renewable projects for a variety of clients, with a high engineering complexity. S’energy is currently building and developing hundred of MWp in Israel.
About Elbit Systems
Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land, and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance (“C4ISR”), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios and cyber-based systems and munitions. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.
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Elbit Systems Contacts:
VP, Head of Corporate Communications
Manager, International Corporate Communications
This press release may contain forward–looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management’s current expectations, estimates, projections and assumptions about future events. Forward–looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company’s future financial results, its anticipated growth strategies and anticipated trends in its business. Therefore, actual future results, performance and trends may differ materially from these forward–looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.’s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward–looking statements speak only as of the date of this release. Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company does not undertake to update its forward-looking statements.
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SOURCE Elbit Systems
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