Helioris Solar partners with Rotem Industries on solar thermal R&D

Helioris Solar Systems, a stealthy cleantech startup, is working with the Rotem Renewable Energy Center on an innovative patent-pending topology for solar thermal fields.

The proposed topology apparently combines the benefits of parabolic trough systems, employed by companies such as Solel, and tower systems used by companies such as BrightSource Energy. According to a report by Rotem Industries, the Helioris Solar approach allows the use of dual-axis tracking heliostats and small aperture thermal receivers, thereby increasing optical and thermal efficiency while maintaining a modular scheme of the solar field.

The founders of Helioris Solar are Yossi Yatir and Oded Mor. Yossi Yatir, according to his LinkedIn profile, is an Entrepreneur in Residence at cleantech incubator Precede Technologies, and Yatir and Mor worked together at Chromatis Networks in the late 1990s.

The report notes that Yatir and Mor have filed a provisional patent for their solar topology and an innovative solar thermal receiver, which will be designed by Rotem Industries.

Rotem revives development of high temperature solar receiver

In a possibly related development, Rotem Industries has also announced that it is reviving the development of a volumetric central air receiver for utilization of solar thermal power.

The technology was originally developed as part of a joint project between Rotem Industries, the Weizmann Institute of Science and Ormat in the early 1990s.

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Israel Venture Capital Jounal: "Can cleantech sail through the slump?"

The current issue of the Israel Venture Capital Journal, published by the IVC Research Center, is now available online.

Entitled "High C: Can cleantech sail through the slump?" (pdf), the issue contains a list of Israeli cleantech companies and articles by cleantech investors and entrepreneurs, government officials, and service providers:

• Sustainable development is essential for our future, by Minister of National Infrastructures, Benjamin (Fuad) Ben-Eliezer
• Belt tightening impacts cleantech trends, by Richard Youngman, Managing Director (Europe) of Cleantech Group
• The landscape has changed, but the opportunity persists, by Zeev Holtzman, Chairman of IVC and Giza Venture Capital
  
• Adjusting to cleantech investment, by Eytan Levy, CEO of Emefcy, and Gene Dolgin, analyst at Israel Cleantech Ventures
• The next cleantech frontier: Africa, by Daniel Schwab, Managing Director of Kayema Investments, and Miriam Schwab, CEO of Illuminea Marketing & Media
• Solar thermal energy: Israel and the Obama opportunity, by David Anthony, Managing Partner at 21Ventures
• Cleantech, Clusters, and Convergence: How investors and entrepreneurs combine to save the planet, Prof. Philip Cooke of Cardiff University
• US Government Grants: An alternative source of funds for Israeli cleantech startups, by Itai Nevo and Jonathan Shapira of Goodwin Procter LLP
  
• Cleantech calls for a different VC approach, by Rafi Gidron, Orni Petruschka, Nimrod Good and Albert Olier of Precede Technologies
• Light and harmony come mainstream, a profile of Arnold Goldman, Chairman of BrightSource Energy
• Everything you (n)ever wanted to know about cow manure, by Shlomi Ben-Arush, Marketing Manager at Global Environmental Solutions
• Early stage investing in a challenging environment, by Astorre Modena, General Partner of Terra Venture Partners
• The next opportunity in cleantech: A holistic approach to the water and energy nexus, by Booky Oren, Chairman of Miya
  
• In a downturn, aggressive communication and PR are key, by Steve Schuster, CEO of Rainier Communications
  
• Yes, Israel can take advantage of opportunities in cleantech! by Sarit Soccary Ben Yochanan, CEO of ATI Incubator
  
• Cleantech IP trends: intellectual property management from a business perspective, by Sharon Dayan, VP of Business Development at GTT Global Technology Transfer
  

Precede Technologies, "The Cleantech Start-up Nursery"

Precede Technologies, an "entrepreneurship and investment firm which teams up with scientists and inventors to establish well-funded start-up companies", is the focus of an interesting feature article in "Globes".

Precede's partners, Orni Petruschka, Dr. Rafi Gidron, Nimrod Goor and Albert Olier, discuss Precede's origins, its investment strategy and focus on cleantech, and the firm's future plans.

The firm was founded in 2005 with the goal of bridging the gap between academe and industry, something observers have pointed to as a weakness in Israel's cleantech cluster. It is backed by Pitango Venture Capital and Evergreen Venture Partners and can provide up to $1 million in seed funding.

Precede Technologies' portfolio currently consists of three companies: Pythagoras Solar, Coriolis Wind, and SolarPower. In February of 2008, Pythagoras received a $10 million second round of funding from Pitango, Evergreen, and Israel Cleantech Ventures.

ALT E to develop urban wind farms in Israel

ALT E, a startup developing and installing "urban wind farms", was recently featured in Ha'aretz.

According to the company's founders, architect Erez Ella and economist Guy Shahar, ALT E will soon install an experimental rooftop wind turbine project in an undisclosed Tel Aviv high rise building. The company is reportedly in contact with several Israeli real estate developers and also hopes to export the idea to other countries.

"We take something that in any case the developer has to build, which is the roof floor, where there is a fence or wall that is used among other things to conceal machinery and also as a safety measure," explains Shahar. "Instead of building a regular wall, he can created a kind of wall of turbines, and also save money by reducing spending on electricity in the building."

"This is primarily for buildings that are 20 stories or higher and have good wind conditions," says Ella. "The use of wind will be only one component of a variety of alternative solutions that will also include the use of solar energy."

Other Israeli companies in the rooftop wind market include Coriolis Wind, a portfolio company of Precede Technologies, and TechnoSpin Wind, which recently raised $8 million in a Series A financing round led by NY-based 21 Ventures.

For more information on the global "small wind" power market, check out this series of articles from Greentech Media.

Related content: TechnoSpin Wind raises $8m from 21 Ventures

IQwind named a Top 100 Tech Startup by Red Herring

IQwind Ltd., which is developing an innovative gearbox to improve the efficiency of wind turbines, was named by Red Herring as a Top 100 Tech Startup in Europe for 2008. It is one of 14 Israeli companies to make the list.

IQwind was established in 2007 and received early-stage funding from Terra Venture Partners. The company was founded by Gideon Ziegelman, formerly an entrepreneur in residence at Precede Technologies, and Nimrod Eitan, an experienced mechanical engineer who now serves as the company's CTO.

Solar Roundup

What follows is a selection of recent stories and links related to the solar industry in Israel.

Arava planning $2.5 billion solar power station

An international project management firm recently signed a memorandum of understanding for construction of a $2.5 billion solar power station in the Eilot Region in the Arava desert. The project, which is expected to develop over a five-year period, involves installation of photovoltaic (PV) panels that will eventually supply up to 500 megawatts of electricity. The agreement was signed by the Arava Power Company of Kibbutz Ketura located in the southern Arava.

SolarPower raises $1.1m

Photovoltaic energy system integration company SolarPower Israel has raised $1.1 million at a company value of a few million dollars from Precede Technologies and Rosenram Development Ltd. The company plans to use the funding to expand its business in Israel and internationally.

SolarPower co-CEOs Avinoam Levy and Alon Tamari founded the company in 2003. The company anticipates rapid growth in Israel's photovoltaic energy market following an update to the Electricity Regulations to allow the government to buy electricity generated by solar energy systems installed at businesses, commercial enterprises, and private homes at nearly four times the rate of electricity generated by usual means.

IEC wants to bid on Negev solar plant

Israel Electric Corporation (IEC) is seeking to participate in the tender for the construction and operation of the solar power plant to be built at Ashalim in the Negev. IEC wants to be a sub-contractor, providing planning, management, and construction services for one of the consortia that will participate in the tender. IEC has begun negotiations to this end with Solel Solar Systems Ltd..

Pythagoras Solar raises $10m from Israel Cleantech, Pitango, and Evergreen

Pythagoras Solar, a solar energy company developing innovative photovoltaic technology, announced today the successful completion of a $10 million Series A financing round, led by Israel Cleantech Ventures and joined by Pitango Venture Capital and Evergreen Venture Partners. Pythagoras Solar, the first company that was conceived and incubated within Precede Technologies, will use the funds for Israel-based R&D and global commercialization of its technology and products that have "the potential to change the economics of solar power."

"Solar energy is the ultimate answer to the global quest for renewable energy," said Gonen Fink, CEO and co-founder of Pythagoras Solar. "We are very pleased to be supported by the leading venture capital funds in Israel and with the strong traction our technology has received from the industry. We look forward to building a world-class team of scientists and engineers who are prepared to tackle the multidisciplinary challenges that the photovoltaic industry is facing as it grows into a substantial factor in the world energy market."

Fink elaborated, "Those challenges combine software models, optic and system design, semiconductor processes, materials science, and mass manufacturing techniques to build cost-effective, highly durable solar energy products."

Pythagoras Solar was founded in 2006 by Fink, previously at Check Point Software, Dr. Itay Baruchi, a winner of the the Scientific American magazine's "50 most significant scientific breakthroughs" award, and Precede Technologies. The company, which expects to disclose more details about its technologies and products by early 2009, has an R&D center in Hakfar Hayarok, Israel and a U.S. office in San Mateo, California.

Following the round, Pythagoras Solar's board will include Meir Ukeles of Israel Cleantech Ventures; Boaz Dinte, Managing Partner of Evergreen Venture Partners; Chemi Peres, Managing General Partner of Pitango Venture Capital; and Orni Petruschka, a partner at Precede Technologies.

This investment in Pythagoras Solar follows other recent venture capital investments in Israeli solar technology companies, including a $9m investment in Xjet Solar, and an $11.8m investment in SolarEdge Technologies.