Ministry of Energy, Innovation Authority award grants to three energy companies for pilot projects

Grants are aimed at advancing the economy and developing an Israeli industry rich in knowledge in the areas of energy and water

Ministry of Energy, Innovation Authority award grants to three energy companies for pilot projects

Solar power in Israel, archive. Photo: REUTERS/Baz Ratner

The joint call initiative offers support for commercial products to increase the number of technological developments that reach the stage of technological feasibility on an industrial scale and among relevant customers. The winning companies will be awarded a grant of up to 50% of the project's expenses.

 “The Ministry of Energy understands that the way to meet the country’s goals in reducing emissions is through the promotion and maturation of ground-breaking technologies. With this in mind, the Ministry of Energy, and specifically the Office of the Chief Scientist, is making efforts with these grants to support innovation, remove regulatory roadblocks, and provide initial quotas for connecting to the electricity network,” said Dr. Yael Herman, Head of the Research & Development Division in the Ministry of Energy’s Office of the Chief Scientist.

The partnership between the public and private sectors will guarantee that Israel maintains its leading role as a technological innovation hub,” said Zvica Goltzman, Acting Vice-President, Head of Growth Division at the Israel Innovation Authority. “Cooperation with the Ministry of Energy is critical in order to transform Israel into a “sandbox” for testing and implementing climate-tech technologies and for dealing with the climate crisis and reducing emissions.”

The winning proposals belong to:

  • Augwind Energy Tech – The creation of a system for accumulating energy from renewable sources, which can be installed nearly everywhere. The system makes use of a storage that does not pollute and even helps with energy optimization, as well as supplying compressed air to factories.
  • ZOOZ Power (formerly Chakratec) – Testing a system for ultra-fast electric vehicle charging, based on a power booster that can charge the vehicle’s battery with high power, even in places where the electricity network (distribution network) is limited in supply. Ultra-fast charging allows an addition of around 200 kilometers after only 15 minutes of charging. ZOOZ’s power booster is based on a unique technology of accumulating kinetic energy in flywheels.
  • Seosol – a system for monitoring faults in solar panels using a thermographic scan carried out by a drone on farms throughout the country.

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