Global Chip Maker Buying Renewable Energy From Israeli Firm

An Israeli renewable energy company will be supplying its electricity to the world’s biggest manufacturer of semiconductor chips for phones, computers and televisions. 

Enlight Renewable Energy, which finances, develops and constructs clean energy power plants, has inked a 15-year agreement with the American corporation Applied Materials, Inc. to power the latter’s operations in Israel. 

Applied Materials’ customers include Samsung and Intel.  

The energy will be sourced from Enlight’s solar and storage facilities, which are currently under construction in Israel. 

The new agreement will help Applied Materials Israel meet its Environmental, social and governance (ESG) targets, a framework used to assess an organization’s business practices and performance on sustainability and ethical issues. 

“We are proud to provide clean electricity to Applied Materials, helping them make practical moves to net zero emissions status,” said Gilad Yavetz, CEO of Enlight Renewable Energy.

“I anticipate that demand for renewable energy in Israel will continue to grow as other firms join this trend.”

Rafi Ben Ami, CEO of Applied Materials Israel, said: “Our vision for the future combines continued growth of the company with meaningful reduction of environmental impacts. 

“We are pleased with the new strategic partnership with Enlight for renewable electricity, advancing us towards a sustainable world.”