The rapidly expanding world population, expected to reach 9 billion by 2050, together with dwindling resources, make technology innovation to improve agricultural output not just a fascinating and profitable arena, but a real need for humanity’s survival. Israeli companies are developing new technologies in diverse fields, from breeding new
Israel is aware that clean, alternative energy is the most secure solution for its energy needs. And with the huge amount of sunlight that shines on the Middle-Eastern country, the potential for the country to become a solar powerhouse is significant.
Jewishpress.com managing editor Yishai Fleisger
India’s Minister of Urban Planning Kamal Nath just completed a visit to Israel (February 12-14) during which an agreement was signed between the two nations aimed at fostering cooperation, with a focus on urban water.
Oded Distel, Head of Israel NewTech, the Israeli government program dedicated to supporting Israel’s
Israel’s Aqwise is proving to be a success story of international proportions in the arena of biological wastewater treatment. The Company began as a small start-up offering innovative biological treatment of urban wastewater, and today offers a variety of solutions for municipal and industrial customers, due to intensive R&D and expansion into new arenas of
Today global thinking on sustainability is undergoing a revolution. Whereas once we may have looked at water efficiency, alternative energy and land use as separate issues, today our understanding is growing that in order to truly address sustainability, we need to look at all three together. McKinsey & Company recently issued an important report on this
Israel has earned a leadership status in the international water arena, but to stay at the forefront innovation must keep pushing forward. A joint project by Israel NewTech, the Neaman Institute and the Israeli Export Institute has been launched in order to map out the needs for new water technology innovations in the largest industries in the world. The preliminary results
In an important development on the intellectual property front, but with particular import for Israeli clean tech companies targeting the U.S. market for strategic partnerships and licensing, the Israel Patent Office (ILPO) and the United States Patent and Trademark Office (USPTO) recently announced a Patent
A California-based start-up will begin selling electric cars in Israel next month that include a subscription package for a leased battery and the costs of recharging the vehicle.
Instead of owning the batteries, consumers will be able to purchase a subscription for a certain number
The push for energy efficiency has clearly become worldwide, creating new prospects for US green energy companies to pursue export and foreign partnerships.
One such opportunity comes from Israel, with the help of the United States-Israel Science and Technology Foundation (USISTF), a Washington-based non-profit organization.
Israel, a global cleantech powerhouse, is now attracting hundreds of millions of dollars in cleantech investment every year.
The country gets more from its soil, water, air, and sunlight than most other nations on earth.
Why has such a small country been able to position itself a world leader in cleantech?
The answer, I believe, is a combination of many factors: its history, attitude of the people, ingenuity, and challenges to survival.
According to my research, the following are major highlights of Israel’s cleantech leadership to date in 2010:
SunPower, Silicon Valley’s biggest solar panel manufacturer, announced Thursday an agreement to buy SunRay Renewable Energy, a developer of solar power plants in Europe and Israel, for $277 million.
Although based in Malta, SunRay is managed by Israelis, including CEO Yoram Amiga and Michael Barnea, Head of Legal and M&A. SunRay established a wholly-owned Israeli subsidiary, SunRay Israel Blue & White, which is working to develop 100 megawatts of solar photovoltaic projects.
Kobi Katz, the CEO of SunRay Israel, told The Marker the sale was a vote of confidence by SunPower in the Israeli solar market.
Shai Agassi (left) and the team at Better Place have done it again: almost two years to the day after announcing its first car partnership and its first country deployment in Israel, Better Place today announced that it has signed an agreement with an HSBC-led investor consortium for new equity financing of $350 million. The deal marks one of the largest clean-tech investments in history and values Better Place at $1.25 billion.
This Series B equity financing round features participation from new investors including HSBC, Morgan Stanley Investment Management, and Lazard Asset Management. These investors will join existing Series A investors including Israel Corp., VantagePoint Venture Partners, Ofer Hi-Tech Holdings, Morgan Stanley Principal Investments, Maniv Energy Capital, and Israel Cleantech Ventures, among others, as shareholders of Better Place. For HSBC, which led the round with an investment of $125 million, the deal represents one of the largest financial investments of its kind by HSBC.
As part of the deal, Kevin Adeson, HSBC Head of Global Capital Financing, will join the Better Place Board of Directors, and HSBC will own approximately 10% of the company’s shares.
HelioFocus Ltd., an Israel-based solar thermal systems start-up, has raised more than $10 million from China’s Zhejiang Sanhua Co. and existing investor IC Green Energy.
HelioFocus announced the investment last week at the Weizmann Institute of Science in Rehovot, Israel, where HelioFocus is developing its solar thermal technology to boost electricity production of existing power plants.
HelioFocus CEO Ory Zik said Sanhua, the Chinese maker of appliance components whose stock is traded on the Shenzhen stock exchange, would be not just a financial investor in the company, but will also produce some solar thermal components.