Enel X is the global business line of the Enel Group, dedicated to developing innovative products and digital solutions across energy sectors. In Israel, Enel established its first Innovation Hub in Tel Aviv in 2016 to scout and collaborate with high-potential local startups. Expanding its commitment to the Israeli ecosystem, Enel X, in partnership with Mastercard, launched the FinSec Innovation Lab in Be'er Sheva in 2021. This lab focuses on advancing innovation in fintech and cybersecurity, providing startups with resources and support, and making strategic investments in promising Israeli ventures like LayerX.