Giora Almogi on data centers
From Giora Almogi: "The demand for electricity in Israel is growing by 4% per year" · · ערוץ 10 | ערוץ הכלכלה של ישראל
“Data centers today consume 5% of all electricity in the United States, and within 10 years from now, this consumption will double. This means enormous numbers for consumption.”
On , Giora Almogi, CEO at OPC Energy, spoke about data centers during Giora Almogi: "The demand for electricity in Israel is growing by 4% per year" on ערוץ 10 | ערוץ הכלכלה של ישראל.
About Giora Almogi
Giora Almogi, CEO of OPC Energy, spoke at the company's 2025 investor presentation on March 18, 2026)Skip. He discussed regulatory developments in the PJM market, stating that the regulator and administration are "focused on growth" to address reliability and affordability issues)Skip. Almogi identified the interconnection queue as a major bottleneck and said PJM is reforming it through initiatives like the reliability resource initiative, which he said should accelerate interconnections and allow the company to develop projects beyond its current pipeline, including SHA and additional thermal capacitySkip. Almogi also commented on capacity market structures, arguing that the current three-year auction with a cap price is "definitely not sufficient" and that bifurcating capacity prices for existing and new plants positions the company favorablySkip. He noted that OPC's advanced projects, such as SHA, have costs "significantly below market" and that the company expects to participate in reliability backstop auctions to secure a 15-year capacity lock for new projectsSkip. Almogi stated that the company's overall expansion involves "almost a $10 billion capix between construction, early stage and advanced stage."