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Siemens Exits Israel’s Solel Solar Initiative

Even as some solar projects are just taking flight in Israel, underlining a new wave of optimism about the technology’s ability to succeed in the country, other solar giants are taking their leave of Israel. International energy and infrastructure giant, Siemens, announced last Monday that it was closing down its Siemens-Solel plant in Beit Shemesh, Israel. In […]

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UniVerve Chooses Microalgae For Award-Winning Biofuel Business

Late this February Israeli financial newspaper Calcalist, along with Israel Society for the Protection of Nature in Israel, hosted a competition to honor Israel’s leading cleantech start-ups. Among the 12 competition finalists, was UniVerve, an Israeli biofuel company that specializes in using microalgae to create oil. UniVerve has gained international recognition for its microalgae technology, […]

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Israel To Help India Clean Up The Ganges River

Young Israeli tourists are so common in India that in certain regions, restaurants hang signs and write menus in Hebrew. But Israel is now in the process of sending more than just tourists to the region. At the end of April, Israeli news site Ynet reported that Israel would be sending engineers, researchers and representatives from […]

Ormat Rising Stocks A Boon For Israel Geothermal

For years, the goldmine for Israeli cleantech companies has been the American economy. And as Israel deploys innovative technologies across the Atlantic, it is increasingly breaking ground and gaining profits ahead of American companies. Just last week, shares of the Reno, Nevada-based unit of Israeli geothermal company, Ormat Technologies (NYSE: ORA), rose more than 2.7 […]

Is Better Place Building An EV Monopoly?

Despite concern that Better Place is losing millions as it slowly brings electric vehicles to market in Israel and Denmark, some in the cleantech industry are also worried that the Israel electric vehicle (EV) company is the only one out there trying to make the business work. A recent article titled, ‘Does Better Place Have […]

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Can Shared Water Be The Key To Peace?

Green Prophet goes on another water trip with Friends of the Earth and guests from Sri Lanka. “Even sewage has a national flag,” said Gidon Bromberg, co-director and co-founder of Eco-Peace/Friends of the Earth Middle East (FoEME). Israel Director of the organization for 18 years, Bromberg says he’s seen how natural resources, like water, and even […]

Rosetta Green’s Cotton Goes Global

Often dubbed the “start-up nation,” Israel has repeatedly proven to be fertile soil for cleantech innovators that succeed and are then bought up by international companies. Israel-based Agro-tech company Rosetta Green has been chosen by international seed manufacturer Bayer CropScience AG for collaboration on a project that will help improve cotton crop for farmers. Rosetta […]

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Israel’s BrightSource Still Private After IPO Withdrawal

Concentrated solar power company BrightSource doesn’t wear its Israeli identity on its sleeve. “We’re a U.S. company with Israeli engineering, not an Israeli company. It’s a nuance but important to get right,” Keely Wachs, senior director of corporate communications for BrightSource, wrote in an email message. And with an American President and CEO named John […]

Israeli EV Company Better Place Reports Millions In Losses

Better Place is not doing as well as everyone expected, with financial losses running in the millions. The idea seemed flawless: battery-powered cars that could run on 100% electricity and could be recharged almost instantly by swapping batteries at special charging stations. But despite all the optimistic predictions, Better Place, the Israeli company that has […]

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An Israel Alone, Dependant On Natural Gas

Shaul Zemach (left) shakes hands with Zvi Rome of Petco (right) at the Asia House in Tel Aviv this Tuesday morning With Israeli electricity prices set to rise nearly 9%, government officials are trying to plan for the long-term, at least until the next energy crisis. At a breakfast event this Tuesday in Tel Aviv […]

Israeli Cleantech VC Nears $100 Million Goal

The finish line is in sight for Israel Cleantech Ventures (ICV), which has been racing towards a $100 million goal. ICV is an Israeli venture capital fund that was founded in 2006 to focus exclusively on raising capital for investment in renewable energy companies. In its February financial filing the company showed it had raised […]