California recently approved the decision of a state-wide solar heating program consisting of almost $360 million financial incentives and market development funding by 2018. This initiative will soon be followed by rest of the country that lagged behind the world in installing solar thermal systems.

Global statistics show that the solar thermal industry is taking large steps in fulfilling heating and cooling demand in the world. Most of the countries around the world have adopted incentive programs for both solar water heating and space heating. Whereas in some countries, solar thermal systems have been widely utilized for so many years even without incentives.

The most important decision criteria for a household to install a solar thermal system is basically the payback times of their investment. The main driving factors of the investment payback time are the total cost of the systems and the cost of alternatives heating systems. (more…)

GreenRoad, which is developing technologies to encourage safe and fuel-efficient driving behavior, announced today that it has raised $10 million in financing from Generation Investment Management, the investment firm co-founded in 2004 by Al Gore.

GreenRoad will use the proceeds of this financing to accelerate the deployment of its GreenRoad 360 service among existing and new customers.

GreenRoad 360, the Company’s proprietary technology-based service, provides drivers and fleet managers with real-time, comprehensive and preventative feedback, analysis, reporting and coaching on drivers’ abilities, maneuvers and patterns.

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AguAgro Fund LP has acquired water technology incubator Kinrot Technology Ventures from Canada’s Stern Partners Inc. in a share-swap deal, reports Globes.

Stern Partners, run by president Ronald Stern, will reportedly get a stake in AquAgro, an Israeli venture capital fund focused on innovative water and agriculture technologies, although terms of the deal were not disclosed.

Ministry of Industry, Trade and Labor regulations governing Israel’s Technological Incubators Program require that AquAgro inject at least $3 million into Kinrot over three years.

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Terra Venture Partners, a Jerusalem-based venture capital fund focused on seed and early-stage cleantech investments, was recently named Israel’s most active venture capital investor for 2009.

According to the IVC Research Center, Terra Venture Partners made six first investments in 2009, followed closely by Carmel Ventures, Giza Venture Capital, Jerusalem Venture Partners, Magma Venture Partners, Pitango Venture Capital, Sequoia Capital, which each made five first investments in 2009.

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SunPower, Silicon Valley’s biggest solar panel manufacturer, announced Thursday an agreement to buy SunRay Renewable Energy, a developer of solar power plants in Europe and Israel, for $277 million.

Although based in Malta, SunRay is managed by Israelis, including CEO Yoram Amiga and Michael Barnea, Head of Legal and M&A. SunRay established a wholly-owned Israeli subsidiary, SunRay Israel Blue & White, which is working to develop 100 megawatts of solar photovoltaic projects.

Kobi Katz, the CEO of SunRay Israel, told The Marker the sale was a vote of confidence by SunPower in the Israeli solar market.

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The U.S. biofuels story is a mix of interrelated elements: energy security (lessening dependence on Middle Eastern oil), ethanol, a clean energy economy…and China.

Traditionally, the geopolitical reality plays out like this: the United States relies on politically sensitive Middle Eastern petroleum, which makes the U.S. particularly sensitive to oil price volatility, which in turn, compels the U.S. to invest money and human capital in guaranteeing supply.

But as a major corn producer, the United States commits corn resources to biofuels in the name of moving towards energy independence, price security, and a clean energy economy.  Meanwhile, China is industrializing, making a lot of money in the process, and beginning to suck up a rapidly growing percentage of the global supply of crude oil.

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Researchers in the Middle East are developing a technology they say will convert saltwater-tolerant crops into jet fuel, creating a biofuel that doesn’t consume huge amounts of fresh water or take land away from food crops.

The Masdar Institute in the United Arab Emirates is creating a demonstration farm that will use a system called integrated seawater agriculture, in which seawater would be transported via canal to a desert-based farm that combines fish and shrimp farming with cultivation of mangrove trees and salicornia, whose seeds can be converted into fuel.

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HelioFocus Ltd., an Israel-based solar thermal systems start-up, has raised more than $10 million from China’s Zhejiang Sanhua Co. and existing investor IC Green Energy.

HelioFocus announced the investment last week at the Weizmann Institute of Science in Rehovot, Israel, where HelioFocus is developing its solar thermal technology to boost electricity production of existing power plants.

HelioFocus CEO Ory Zik said Sanhua, the Chinese maker of appliance components whose stock is traded on the Shenzhen stock exchange, would be not just a financial investor in the company, but will also produce some solar thermal components.

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The Middle East’s first carbon dioxide recovery plant has been opened at the Gulf Petrochemical Industries Company. This is also one of the first in the world to successfully recycle carbon dioxide air emissions. The $55 million facility at the company’s Sitra facility was formally inaugurated by Gulf chairman and adviser to the Prime Minister for oil and industrial affairs Shaikh Isa bin Ali Al Khalifa, in the presence of board members, company officials and guests.

Carbon dioxide is useful for many industrial operations. It can be used as a feedstock if compressed and transported and it can be used in carbonation of beverages. These are useful and productive recycling efforts but the industry using the carbon dioxide must be close by. (more…)

An old Israeli joke describes how God led Moses through the desert to the Holy Land for 40 years, through hardships and dangers, only to lead the Israelite nation to the only spot in the Middle East where there isn’t a drop of oil.

Two thousand years later, things have remained pretty much the same. Today, Israel is considered an “island-state”, with over 99% of its capacity produced from imported fossil fuels.

In alignment with global trends, Israel has experienced a recent surge of new ventures in the field, comprising commercial, academic and regulatory initiatives. Although a pioneer and home to world leaders in the RE field, the post-80s low oil pricing era left the Israeli RE industry relatively dormant in comparison with its blossoming high-tech activity. (more…)