Significant Revenue and EBITDA Growth
Revenue grew by 53% year-over-year to $135 million, and adjusted EBITDA increased by 57% to $96 million.
Raised 2025 Guidance
Full year 2025 revenue guidance was raised to $528 million from $500 million, and adjusted EBITDA guidance was increased to $393 million from $370 million.
Expansion in U.S. Market
Significant progress in U.S. projects, including Snowflake A project in Arizona and Roadrunner solar and storage project.
Successful Financial Close in Spain
Secured $310 million in financing for the Gecama project in Spain, enhancing solar and storage capacity.
Strengthened Leadership Team
Adi Leviatan announced as the new CEO, bringing significant experience from global corporations.
Positive Market Environment
Favorable conditions in the renewable energy sector with declining costs of solar panels and energy storage.
Strong Demand for Energy Storage in Europe
High demand for energy storage in Europe with significant project pipeline.