Last updated 2026-07-29
- Acquired Shikun & Binui Energy for $1.2B, Jul 2026
- Raised $55M Undisclosed Round, Feb 2025
- Raised $2M Series B led by REPP, Nov 2019
Total raised
$57.0M
Last: Undisclosed Round 2025-02
Stage
Mature
Founded
2018
Headcount
—
HQ
Kfar Saba, Israel
Sector
Energy Tech
About
PowerGen is a private Israeli energy company and the main operational arm of the infrastructure fund Generation Capital. It concentrates all of Generation Capital's activities in electricity generation, storage, and supply, operating throughout the entire value chain. PowerGen aims to be a significant player in the supply of electricity to small and domestic customers through its partnership with Bezeq. The company holds a diverse portfolio including natural gas plants, energy storage facilities, and renewable energy projects.
Funding history · 3 rounds · $57.0M total
2025-02
Undisclosed Round
$55.0M
2019-11
B Round
$2.0M
★ REPPShell's New Energies businessSumitomo CorporationOmidyar NetworkAcumenEDFI ElectriFIDOB EquityMicro-grid Catalytic Capital Partners
2016-12
Undisclosed Round
Undisclosed
REPP
Team · 1
Dan Klinberger
CEO
Sectors & technology
Primary sector
Energy Tech
Technologies
Target customers
Business model
electricity generationelectricity storageelectricity supplyindependent power producer (IPP)
Highlights
Climate Tech
Tags
energyelectricity generationelectricity storageelectricity supplyrenewable energynatural gasagrivoltaic
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| linkedin.com/company/powergen-israel/ |
Identifiers & details
| Legal name | POWERGEN POWER PLANTS LTD |
|---|---|
| Founded | 2018 |
Acquisitions & public offerings
| Acquired | Date | Amount |
|---|---|---|
| Shikun & Binui Energy | 2026-07 | $1.2B |