Israel Electric Corporation (IEC)
IEC is Israel’s leading electricity provider, an efficient and advanced electricity producer, and one of the world’s leading and most advanced grid infrastructure companies.
About Us
The Israel Electric Corporation (“IEC”) is a public and government-owned company, generating and supplying electricity to all sectors in the economy. Established in 1923, IEC is a dominant player in the Israeli electricity sector and is an essential service provider of electricity in Israel, and the sole vertically integrated provider in the electricity chain. IEC activities include the generation, transmission, distribution, supply, and sale of electricity. IEC supplies reliable and high-quality electricity, compiles with leading standards, maintaining economic, commercial, and environmental principles.
IEC is dedicated to advancing its climate and sustainability goals through various technological innovations. The company is particularly exploring solutions in the following areas, among others:
1. Digital Twin- Development of physical models for the planning and operation of the electricity grid.
2. Underground power distribution systems- Strategic solutions for cost reduction in the establishment of underground power distribution systems.
3. Grid Digital Monitoring- Implementation of digital monitoring systems across all voltage levels of the electricity grid for fault detection and predictive maintenance.
4. Storage, EV and renewable energy integration to the Grid- Development of hardware and interfaces for the integration of storage systems, EVs, and renewable energy sources into the grid.
5. Hydrogen Technology and Carbon Capture- Advancements in hydrogen technology and carbon capture for power generation.
6. Automation and Robotics- Utilization of automation and robotics to improve operational efficiency in power plant processes.
7. Heat Utilization Technologies- Technologies for residual heat utilization and efficiency enhancement.
8. Customer Service Efficiency- Optimization of customer service frameworks to reduce service costs.
9. Customer Journey Improvement- Enhancing the customer journey and accessibility of digital services.
10. AI-Based Automation- Implementation of AI-based automation in customer service and billing processes.
Note: The list of challenges provided is not exhaustive. Submissions addressing any relevant challenges that align with the core business operations of Israel Electric Corporation (IEC) are welcome and encouraged.
