Elad Aharonson on energy storage
From ICL Investor Day October 2022 · · ICL Group
“We have a unique opportunity the government is behind this and supporting it in the U.S as many other Regional governments are as well and the most recent announcements we've made about building an over 400 million dollar investment in producing lithium iron phosphate is going to be a shared investment with the US government where they're going to cost share about 50 percent of that with ICL.”
On , Elad Aharonson, President & CEO at ICL Group, spoke about energy storage during ICL Investor Day October 2022 on ICL Group.
About Elad Aharonson
At ICL's October 2022 Investor Day, President and CEO Elad Aharonson stated that the company had already reached its 2025 targets two years early, attributing this to successful acquisitions in Brazil and their integration. He noted that Brazil, China, and India account for 70 percent of growth in the specialty plant nutrition market, and said ICL is focused on those countries. Aharonson outlined new targets for 2027, aiming for $4.25 billion in sales and EBITDA of more than $750 million, with the goal of becoming the global leader in specialty plant nutrition. He also said that in a normal year, EBITDA would track around 15 percent, with the underlying business growing margins over time despite commodity impacts.