Ogwind will appoint Alon Raveh

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Reported on the appointment of former CEO of Solel Boneh, Alon Raveh as CEO of the company. In recent years, he has held a number of positions in the group.


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, Including the CEO of Housing and Construction Energy, the CEO of Housing and Construction Franchising, and the Chairman of Housing and Construction America. Raveh previously served as CFO of the Housing and Construction Group.

He also had full confidence in the activities of the Housing and Construction Company in the United States, and was responsible for establishing the renewable energy activity and leading investment in projects in the field of electricity storage in Israel and the United States. In addition, he managed electricity generation projects from renewable energy and fossil energy. Prior to joining the Housing and Construction Group, Raveh was the Group’s CFO


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, CFO of the shipping company


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, VP of Business Development and Strategy


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, And vice president of business development for the oil company


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.

Rave is familiar with the electricity markets in Israel, the United States and Europe, as well as experience in initiating, financing, establishing and operating large infrastructure projects, along with global management, the company said.

Gabi Zeligson, Chairman of the Augwind Board of Directors, stated: “I am pleased to announce the appointment of Mr. Alon Raveh as CEO of the company. Alon is a highly skilled person with extensive experience in the fields in which Ogwind is engaged and is expected to contribute greatly to the company in leading its strategy.

Regarding the appointment, the outgoing CEO of the company, Or Yogev, added: “I am confident that Alon’s experience in managing activities that combine technology and project initiation and his business and financial capabilities will serve us in realizing the company’s strategy.

The company also said that it will soon introduce a new system that it is developing, called “AirBattery”, which it says will help it “harness the foundations of nature for a cleaner future.”

The Ogwind company was founded about 9 years ago by Yogev Orr. The company is engaged in the development and implementation of compressed air storage technology for the purpose of energy efficiency and for the purpose of storing energy for the benefit of the electricity economy. The company is traded on the Tel Aviv Stock Exchange at a market value of approximately NIS 1.14 billion.

More than a year and a half ago, Psagot invested NIS 120 million in the company. The investment was out of nowhere an expression of trust by the investment house in the company. What actually happened? The company lost more than half of its value in the first half of 2021, when it reported revenues of about NIS 1.4 million, 80% less than it recorded in the second half of 2020. Since the beginning of the year, the company’s share has lost 46%. It will now be interesting to see how the new appointment will assist the company in its future operations.

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  • 1.

    The company is just beginning…

    emir

    28/11/2021
    18:36

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    With a system that has already proven to be effective – this company is going to grow big in the coming years!

    closed

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