U.S.-Israel Energy Cooperation Act launches at Eilat Energy Conference

The Unites States – Israel Energy Cooperation Act, an international collaboration aimed at developing renewable energy technologies to reduce the world's oil dependence, officially launched during the recent Eilat-Eilot International Renewable Energy Conference.

The Cooperation Act, which will fund eligible joint ventures between U.S. and Israeli businesses, has already allocated $2 million for 2009 ($1 million from each country), with a significant increase expected in future years. The grant program is targeted at biofuel, solar thermal, and electric vehicle technologies.

"Israel is well-known in the world as a technology innovator. The concentration of scientific innovation in the country is impressive," said Jonathan Shrier, Assistant Secretary, Office of Policy and International Affairs, U.S. Department of Energy. "This cooperation between the United States and Israel is unique in that we have a partner who brings a lot to the table."

Two projects, run by Seambiotic and Better Place, have already received approval.

Seambiotic is developing technology to utilize flue gas from coal burning power stations for algae cultivation. The company aims to grow and process marine microalgae using an ecologically-based environmental system to reduce air pollution and global warming.

Better Place is a venture-backed company aiming to reduce global dependency on oil through the creation of nationwide electric vehicle networks.

The U.S. Department of Energy and Israel's Ministry of National Infrastructures have agreed that a researcher exchange and conference circuit are two important elements of their collaboration. Two conferences in the U.S. and two in Israel will take place annually. The annual conference in Sde Boker, Israel, will focus on the technological advancements in the Renewable Energy industry while the annual Eilat-Eilot conference will serve as a platform for industry-ready technologies to exhibit and market their offerings. In addition, researchers from Israel will spend significant time working in the U.S. market, while researchers from the U.S. will do the same in Israel.

Other announcements made at the Eilat Energy Conference include the launch of the Timna Renewable Energy Park, the centerpiece of the Eilat-Eilot region's efforts to turn Southern Israel into the "Silicon Valley" of renewable energy, and the AORA solar thermal plant in Kibbutz Samar, the world's first commercial hybrid solar gas-turbine power plant.

"The developments presented at the Eilat-Eilot Conference demonstrate the region's leadership in the renewable energy industry," Said Shlomo Wald, Chief Scientist, Ministry of National Infrastructures. "We are taking action to find sustainable solutions to Israel’s and the world's energy crisis, and we hope others see Israel as a major contributor."

For perspectives on the Eilat Energy Conference, check out these blog posts by Gil Dibner, Principal at Genesis Partners, and Rabbi Julian Sinclair of the Jewish Climate Initiative.

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Daniel Jammer establishes €250m cleantech fund

Daniel Jammer, a German Jewish businessman and the owner of the Maccabi Netanya soccer club, has told "Globes" that he has set up a €250 million fund to invest in cleantech.

Jammer, who is attending the Eilat Energy Conference, says that the new fund will focus on three areas of activity: developing batteries for electric vehicles; producing jet fuel from biodiesel; and wind and solar energy.

Jammer said, "I have already held one meeting with Better Place and I recently met with Yom Tov Samia, the CEO of IC Green Energy, [Israel Corp's cleantech investment vehicle]. I hope that we will be able to cooperate in the future."

Jammer said that the new fund's investors include the German insurance, banking and asset management company Allianz and Migdal Insurance and Financial Holdings Ltd.

Jammer said that the €250 milion has already been raised and the fund is now examining its first investments. Discussing the solar energy sector, Jammer said, "There are two or three companies that are very interesting for us. We have not yet decided whether to join them as strategic partners or financial investors."

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US & Israel to launch energy cooperation agreement at Eilat Energy Conference

The Eilat-Eilot International Renewable Energy Conference announced that the US-Israel Energy Cooperation Act, passed last year by the U.S. Congress, is expected to launch at the upcoming Eilat-Eilot energy conference, to be held from February 17-19, 2009, in Eilat, Israel.

The cooperation act will fund eligible joint ventures between U.S. and Israeli businesses, as well as establish the International Energy Advisory Board. Hezi Kugler, Director General of the Ministry of National Infrastructures will be leading the delegation of National Infrastructure representatives who will be in attendance at the conference.

“The Ministry of National Infrastructures views with high import the development of the Eilat-Eilot Region as a center of renewable energy solutions, and we not only fully support them in this pursuit, but we ourselves are very involved in advancing their initiatives,” Kugler said. “The conference is an important step towards developing the alternative energy capabilities of this region, and will certainly push us forward in becoming an alternative energy world leader.”

Timna Renewable Energy Park

The conference will also feature the unveiling of plans for the Timna Renewable Energy Park, the centerpiece of the Eilat-Eilot region’s efforts to turn Southern Israel into the “Silicon Valley” of renewable energy. It will feature technologies from companies around the world, with planned projects to include a combined wind/solar "farm"; a solar thermal power plant; a solarized turbine pilot plant and the production of biogas from municipal waste.

"The Arava is home to intense sun and a pioneering spirit, which are the necessary ingredients for creating a renewable energy revolution in the State of Israel", said Yosef I. Abramowitz, president of the Arava Power Company, a leading solar developer.

Leading Solar Power Companies

Participating Israeli solar companies, including the Arava Power Company (APC), Solar Power Israel and Sunday Solar Energy, intend on using the conference to launch their next phases of growth. Recently, APC announced an agreement to utilize kibbutz land in the Arava and the Negev for solar fields generating at least 500 MW, and eventually one gigawatt (GW) or more, while energy integrator Sunday Solar Energy announced a NIS 500 million ($133 million USD) investment in photovoltaic solar arrays for kibbutzim across Israel. The investment is expected to be made across the country during the next two years.

The conference will also feature international firms such as the Google-backed eSolar, the German company Concentrix and SunPower, one of the world’s largest solar power technologies companies.

Conference sponsors include Brightsource Energy, Chromagen, Granite HaCarmel and Erdinast, Ben Nathan & Co. Advocates.