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Renewable energy market size of Israel at par with Europe

As a country that pioneered renewable energy concepts like flat solar collectors for home use, as well as parabolic trough technology and solar ponds, Israel has been active in the development and promotion of renewable energy in the country. It comes as no surprise then that Israel is at par with Europe in terms of encouragement of renewable energy use according to some renewable energy market analyses.

According to Israeli venture capitalist and social media expert Sharon Weshler, the Israeli government had recently approved the Photovoltaic (PV) compensation plan. Weshler says that in the last 30 years, Israeli law had required every house or building to have a PV water heating system. The law -which installed a PV system on each roof in Israel- had made Israel the number one country in the world in terms of the ratio of the PV systems to its population.

Weshler is the founder of Global MarkeTeam Ventures Ltd., a company launched in 2005 that concentrates on investment banking for Israeli startup businesses in the fields of Internet, mobile, renewable energy and clean technology.

The venture capitalist has helped renewable energy research by connecting renewable energy companies to investors. Some of these companies include an Israeli developer of renewable energy whose company is developing a bumper that produces clean energy by getting energy from cars that go over the bumper in parking lots and small streets.

Another company Weshler had helped concentrates on saving 30 percent in electricity bills through installing smart sensors in big buildings, which increases the efficiency of air conditioning systems.

The venture capitalist says Israel's brightest minds are involved in making the green revolution -a reason why he decided to delve into renewable energy project financing. Aside from water desalination -which he says is an Israeli invention, Weshler says that a ton of solar industry enhancements, clean technology ventures, and water treatment solutions had helped him make the shift towards renewable energy investment.

"I believe that within the next 10 years, Israel will establish its strong presence as one of the top global leaders in this field too same as it did in medical, homeland security, agriculture and telecommunications, " Welsher reveals in an exclusive interview with EcoSeed.org. He adds that he wanted to be there when Israel establishes its renewable energy presence and that until then, he will help many Israeli clean technology and green energy technologies start with their businesses.

Other projects the Global MarkeTeam Ltd. had helped out with include a biodegradable polymer for the agriculture water conservation area, two PV-related ventures for allowing maximized use of the sun's power, a rooftop wind energy venture that has a one-of-a-kind model that may be placed on any establishment, and one involving a revolutionary wave energy system.

Welsher stresses that other Israeli companies that have developed breakthrough technologies and are currently powering renewable energy in different parts of the world include Ormat, Luz, Solel, SolarGenics and Simbiotics.


Article Tags: Renewable Energy

Source: Free Articles from ArticlesFactory.com

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