Israel offers rich pickings for investors in clean energy technology


Israel has generated a number of leading clean energy companies, and it is about to generate a lot more. "And on the Eighth Day" is the first report on the clean energy industry in Israel by leading specialist investment analysts New Energy Finance. It looks at all sectors of clean energy in one of world's most important technology powerhouses, and finds an abundance of opportunities.

Israel spends more on R&D per unit of GDP, and has more engineers per capita, than any other country in the world. It also has more reason than most to develop alternatives to fossil fuels. This report, by the world’s leading independent providers of analysis to investors in renewable energy, biofuels, low carbon technology, and the carbon markets, identifies Israel’s leading startups, technology incubators and investors.

New Energy Finance estimates that Israeli clean energy technology companies have an immediate need for $210m of venture capital and private equity. The report also forecasts $1.5bn to be invested in renewable energy projects over the next ten years.

Israeli clean energy companies are active across all sectors, especially in the areas of solar energy (photovoltaic and thermal), power storage, grid intelligence, hydrogen and fuel cells. Israel has already produced some of the world’s leading clean energy companies, such as Ormat Technologies (NYSE:ORA, $1.35bn market capitalization), and Medis Technologies Ltd (NASDAQ MDTL, $711bn market capitalization),which are both members of the WilderHill New Energy Clean Energy Innovation Index (^NEX). Interesting unquoted companies include Alga Technologies, Cerel, Elspec, Engineuity, Genova, GreenFuelCells, MainNet Communications, Metal-Tech, Millennium Electric, Modcon, Solel Solar Systems and many others.

“Israel has been doing world-class research into clean energy technologies for decades, but the state-owned monopoly electricity utility has been slow to provide support for pilot projects. So there is an overhang of technology just waiting for venture capital and private equity investors to step in,” said Michael Liebreich, CEO and Founder of New Energy Finance. “Anyone looking to invest in clean energy technology should be in Israel right now.”

‘On the Eighth Day’ is published by on 27 November 2006. It is 43 pages long and contains 17 figures, 30 tables and six case studies. The price will be £795.00 / $1495.00 / €1195.00 + VAT.

About New Energy Finance:

New Energy Finance is a specialist provider of analysis to the world’s leading investors in renewable energy, biofuels, low-carbon technologies and the carbon markets. The company’s research staff of 50 (based in London, Washington, New York, Beijing, Shanghai, New Delhi, Tel Aviv and Perth) tracks deal flow in venture capital, private equity, M&A, public markets and asset finance around the world.

New Energy Finance covers all sectors of clean energy: renewables (wind, solar, marine, geothermal, mini-hydro); biomass & biofuels; energy architecture (supply- and demand-side efficiency, smart distribution, power storage, carbon capture & sequestration); hydrogen & fuel cells; carbon markets and services. Services include the New Energy Finance Briefing, New Energy Finance Desktop, Newswatch daily news service and Focus Reports on sectors and countries. New Energy Finance copublishes the world’s first global clean energy market index, the WilderHill New Energy Global Innovation Index (ticker symbol NEX). New Energy Finance’s subscription-based Insight
Services providing deep market analysis to investors in Wind, Solar, Biofuels, Biomass, China, VC/PE, Public Markets and the US. The company also undertakes bespoke research and consultancy, and runs senior-level networking events. New Carbon Finance, a division of the company, provides analysis and price forecasting for the European, global and US carbon markets.

Michael Liebreich, CEO & Founder
New Energy Finance Limited
71 Gloucester Place
London W1U 8JW
tel: +44 20 7467 2661
For more information on New Energy Finance
For more information on New Carbon Finance
For more information on the NEX clean energy market index


Publication Date: 27 Nov 2006

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