Friday, December 19, 2008

Ormat discovers magma chamber in Hawaii

Ormat Technologies, the U.S. subsidiary of Yavne, Israel-based Ormat, discovered magma while drilling a geothermal well in Hawaii and announced the discovery this week at the American Geophysical Union meeting in San Francisco.

The discovery was the first time magma was found its natural environment instead of being ejected by volcano eruption, said Bruce Marsh, a geologist at the Johns Hopkins University and a magma expert, during a press event at the AGU meeting.

"It's like Jurassic Park – it's what's for me, to see this in its natural habitat," Marsh said. "This is a singular event, the first contact with inner Earth."

Ormat began drilling the well in the Puna Geothermal Venture field and power plant in the eastern part of the Big Island of Hawaii in 2005.

Ormat, which has been operating the Puna field and 30-megawatt power plant since 1993, has no commercial use for the magma, but the magma's high temperature means the rock surrounding it could be ideal for extracting geothermal energy.

Ormat plans to drill in areas above the magma chamber and inject water into wells to produce the steam necessary for electricity generation, said Lucien Bronicki, chairman and chief technology officer of Ormat, after the AGU press event.

Related Posts:

Ormat completes $150m Kenyan geothermal project

Ormat secures Alaskan geothermal rights

Ormat projects approved in Nevada

Wednesday, December 17, 2008

Hebrew U.'s Yissum launches cleantech program

Yissum, the technology transfer company of the Hebrew University of Jerusalem, is launching a $1 million program to support the development of cleantech inventions by scientists at the University.

"We are pleased to launch Yissum's Cleantech Programme, in response to the growing need for alternative energy solutions, novel technologies to combat water shortage and cleaner technologies to protect the environment," said Nava Swersky Sofer, President and CEO of Yissum. "We hope that this initiative will assist in bridging the gap between the Hebrew University's cutting-edge research in these fields and the product-based industry, leading eventually to the commercialization of new 'green' technologies for the benefit of us all."

Initially, five novel technologies were chosen, three of which aim to reduce the polluting effects of toxic substances and create alternative, clean, energy sources. These inventions involve the generation of clean fuel, detoxification of gasses emitted by burning fossil fuels and detecting toxic chemicals.

Prof. Yoel Sasson, from the Hebrew University's Institute of Chemistry, and his team invented a novel method for the effective clearing of poisonous mercury from gases emitted into the atmosphere by coal-fired power plants.

Professors Aharon J. Agranat, Chairman of the Department of Applied Physics, and Shimshon Belkin, from the Silberman Institute of Life Sciences, invented a novel device enabling the simultaneous monitoring of an array of biological sensors designed to detect toxic substances.

Prof. Uri Banin, from the Institute of Chemistry and the Harvey M. Krueger Center for Nanoscience and Nanotechnology, invented a novel family of photocatalysts based on new nanomaterials. Photocatalysis is the acceleration of a photoreaction in the presence of a catalyst and provides a way to harness solar energy for useful chemical work.

More information about these projects is available in the official press release from Yissum.

Previous Yissum "success stories" include water technology companies Leafsen, En Gibton, and TreaTec21 Industries.

Related Posts:

Hebrew University to invest in cleantech projects

Monday, December 15, 2008

BotanoCap raises $2.3m to develop environmentally-friendly pesticides

BotanoCap Ltd., an Ashkelon Technological Industries (ATI) portfolio company, has raised $2.3 million from Swiss holding company BHCO Group, a current investor, at a company value of $11.3 million, according to a report in Globes. BotanoCap is developing patented environmentally-friendly pesticides and disinfectants based on microcapsules of essential oils.

BotanoCap is collaborating with Mekorot to develop pesticides for water sources and drinking water. BotanoCap CTO Prof. Arie Markus, vice CTO Paullina Strongin, and Regulatory Affairs Officer Dr. Charles Linder founded the company. Dr. Yigal Gezundhait, the company's CEO, recently participated in the California Israel Chamber of Commerce Cleantech Tour. BotanoCap was profiled on Israel21c last week.

Tuesday, December 9, 2008

CleanIsrael Cleantech Startup Showcase

On December 15th, the CleanIsrael Network will host its first Cleantech Startup Showcase, featuring presentations by 5 Israeli startups from the energy, water, and green technology sectors.

The presenting companies are Agam Energy, Emefcy, High Check Control, Phoebus Energy, and SOVNA.

The event is sponsored by Amit, Pollak, Matalon & Co. and organized in conjunction with IDC Herzliya's new Institute for Renewable Energy Policy and Applied Research (IDC IREP), founded by Dr. Isaac Berzin.

This the first event of its kind for the CleanIsrael Network. Founded last March by the author of this blog and Gene Dolgin, an analyst at Israel Cleantech Ventures, the group grown into a network of 650+ cleantech-related entrepreneurs, investors, academic researchers, service providers, and government officials. CleanIsrael's regular networking events host speakers from industry-leading organizations such as Better Place, Cleantech Group, Israel Cleantech Ventures, and Sindicatum Carbon Capital.

More than 150 people have already registered to attend the event in Israel. For more information, and to register, click here.

There will also be a live web cast of the event to several North American groups, including the Boston Israel Cleantech Alliance, California Israel Chamber of Commerce, Texas-Israel Chamber of Commerce, and the law offices of Gowlings in Toronto and Ottawa. Click here to register for the event in Boston.

Several of the participating companies should be familiar to readers of this blog and observers of Israel's cleantech industry.

Emefcy, co-founded by serial entrepreneurs Eytan Levy and Ronen Shechter, who previously founded wastewater treatment company AqWise, has already received venture funding from Israel Cleantech Ventures. Emefcy, which is developing products that produce electricity from wastewater treatment by leveraging Microbial Fuel Cell (MFC) technology, was featured in Jerusalem Post. Greentech Media detailed Levy's efforts to raise $3.5-5.0m in a Series A funding round during the CICC Cleantech Tour of Silicon Valley last month.

Phoebus Energy, which received a first round of venture funding from Terra Venture Partners in 2007, is developing a hybrid heating unit to more efficiently produce energy for institutions such as hotels, hospitals, and factories. Phoebus, and its CEO, Yoav Ben-Yaacov, were featured in Israel21c earlier this year.

SOVNA, a startup that installs vertical micro wind turbines atop high-rise buildings, was previously called ALT-E and was featured in Ha'aretz earlier this year. Erez Ella, a noted Israeli architect whose projects include the Museum Plaza in Louisville, Kentucky, is one of Sovna's co-founders and also participated in the CICC Cleantech Tour of Silicon Valley last month.

Saturday, December 6, 2008

Ormat completes $150m Kenyan geothermal project

Ormat Technologies, Inc. announced this week the completion of phase two construction at the Olkaria III geothermal power plant in Kenya. The power plant has been synchronized to the grid, adding 35 MW of base load capacity to the existing 13 MW plant that has been in continuous operation since 2001 with availability between 97% and 99%.

The expanded power plant will save 120,000 tons of imported oil, mitigate approximately 200,000 tons of CO2 emissions per year and reduce the average production cost of electricity in Kenya while reducing its dependence on imports.

"Ormat is proud to have built up the plant capacity to the original target of 48 MW," said Lucien Bronicki, Chairman and Chief Technical Officer of Yavne, Israel-based Ormat. "This accomplishment was made possible by Ormat's belief in Kenya's economy combined with the hard work and dedication of our Kenyan employees and colleagues."

Ormat Technologies financed the construction of both phases along with the drilling of the wells by investing approximately $150 million into the project from its own internal sources.

The additional clean, base load geothermal energy generated by Olkaria III will increase the supply to the local transmission, distribution and retail utility, Kenya Power and Lighting Company Ltd (KPLC), and help meet the country's increasing demand for reliable, fuel-free electricity.

"Ormat's commitment to Africa started with our first project - a solar pump installed in Mali in 1966," added Mr. Bronicki. "We hope this project spurs additional development and opens the world's eyes to Africa's immense renewable potential. We sincerely hope that Olkaria III will serve as an example for other private investors in Africa and encourage International Financial Institutions to upgrade their support for private renewable energy projects."

Related Posts:

Ormat secures Alaskan geothermal rights


Ormat secures $16m geothermal contract in Turkey

Israel and the African Green Revolution

Tuesday, December 2, 2008

SolarEdge exits stealth mode and plans Series B financing

SolarEdge, a venture-backed developer of power-conversion technologies that combine hardware and software to improve solar-system efficiencies, is beginning to reveal details about its business plan.

In an exclusive interview with Greentech Media, Lior Handelsman, VP and Co-Founder of the Herzliya, Israel-based startup, says that SolarEdge is engaged in sales agreements, testing agreements, joint development agreements and has booked significant initial orders for its products from major module manufacturers and system integrators.

According to Handelsman, SolarEdge has a number of term sheets and will be closing on a $20 to $25 million Series B round of venture capital financing in the coming days or weeks.

The company is attempting to solve problems related to partial shading of solar panels, which can result in dramatic reductions in solar panel output. SolarEdge claims that the performance of a photovoltaic (PV) solar system can be improved by 15 percent to 20 percent by using the company’s chips and inverters

SolarEdge was founded in 2006 by Handelsman and Amir Fishelov. Handelsman and Fishelov founded the company after leaving the IDF, where both served in management positions. The company's CEO is Guy Sella, who was most recently a partner at Star Ventures and commanded the Technology Unit of the IDF's Department of Military Intelligence in 2001-2002.

SolarEdge raised $11.8 million in a 2007 Series A financing led by Genesis Partners, Walden International and Opus Capital.

Related Posts:

GE invests in SolarEdge, joining $23m Series B funding round

Solaredge partners with BP Solar to test solar efficiency products

SolarEdge raises $23m in venture capital

SolarEdge raises $11.8 million

Italy, Israel to form cleantech working group

National Infrastructures Minister Binyamin Ben-Eliezer came to an agreement last week with his Italian counterpart, Minister of Economic Development Claudio Scajola, to cooperate on alternative energy research and application.

According to a report in the Jerusalem Post, the two met as part of an Israel-Italy business seminar in Tel Aviv. Two weeks ago, Ben-Eliezer came to an agreement with Italian Environment Minister Stefania Presigiacomo to cooperate on water issues.

Italy is Israel's fifth-largest export market. In 2007, Israeli exports to Italy amounted to €1.8 billion, representing an increase of 9% over the previous year.

Related Posts:

Los Angeles and Israel to cooperate on water research


India, Israel to collaborate on cleantech


Germany and Israel reach bilateral agreements on cleantech cooperation