Dr. Isaac Berzin, founder of Greenfuel Technologies, was recently profiled in Ha’aretz. Berzin, a Ben-Gurion University and MIT-trained chemical engineer, and Boston-based Greenfuel Technologies have developed a revolutionary technology to produce biofuels from algae that are bred on gases emitted by power plants.
Time Magazine included Berzin in its list of the 100 most influential people in the world in 2008, and Fortune Magazine also published a flattering article about the company, which has raised tens of millions of dollars in venture capital. Just last week the company raised another $13.9 million from Access Private Equity, Draper Fisher Jurvetson, and Polaris Venture Partners.
Now back in Israel and a senior faculty member at the Interdisciplinary Center in Herzliya, Berzin is busy establishing an Israel-based international institute to formulate an alternative energy policy.
With the thriving market for growing algae as a source of energy – more than 250 companies and universities are engaged in this sphere – Berzin has decided to focus on setting policy:
“I want Israel to become an international center of knowledge in the realm of alternative energy. The world is looking for solutions in this sphere, and in my view Israel is in a very special position. The toolbox that is needed to create solutions of this kind is here.”