The Palestinian Energy and Natural Resources Authority recently issued its first license for solar power generation with storage to "Next Era" company, marking a significant milestone in the nation's energy sector.
Founded in 2015, it is a wholly-owned subsidiary of INVT. It mainly offers PV inverter solutions and energy storage systems for commercial & industrial, and residential applications.
Investment in a 10kW inverter system ranges from $1,690 for basic models to over $4,800 for premium hybrid units. While the initial cost is substantial, the long-term benefits include energy independence, reduced utility bills, and protection against power outages.