Advanced MemTech Receives BIRD Investment

BIRD to invest $4m in five Israeli energy projects

Globes correspondent

The projects are in the areas of fuel cells, electric vehicles, energy efficiency and water-energy nexus.

The US Department of Energy (DOE) and Israel’s Ministry of National Infrastructure, Energy and Water Resources have selected five projects to receive $4 million under the 2014 Binational Industrial Research and Development (BIRD) Energy program.

Each of the cooperative projects includes a US and an Israeli partner and addresses energy challenges and opportunities of interest to both countries, while focusing on commercializing clean energy technologies that improve economic competitiveness, create jobs, and support innovative companies. The selected projects will leverage private sector cost-share for a total project value of $10.3 million.

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Advanced MemTech (Ness Ziona) and Arkema (King of Prussia, PA) will develop a carbon nanotube composite membrane that is electrically conductive.

Read the full article on Globes.

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