Ignite The Spark

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Start-Up Nation Central, Ignite the Spark, and the Israeli Export Institute have launched the 2023 Israeli EnergyTech sector map, featuring over 130 innovative companies in energy production, distribution, storage, hydrogen solutions, waste-to-energy, carbon capture, and OT cyber solutions. The map was unveiled at an event that included leading companies and organizations in the Israeli EnergyTech community. The energy sector is one of the worlds fastest-growing tech verticals, particularly given the global challenges and growing need to reduce total emissions.

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Start-Up Nation Central, along with the Israeli Export Institute and Ignite the Spark, unveiled the 2022 version of the Israeli EnergyTech sector map. The map features nearly 100 carefully screened companies, a 20% increase from 2020, that focus on energy production, energy flow and distribution, energy storage, carbon capture and offset, hydrogen solutions, and consumption-saving solutions. The map aims to help multinational companies and VC investors identify Israeli companies and solutions in the field of renewable energy and climate change. The EnergyTech sector in Israel has seen significant successes, including exits and fundraising, and has received international grants. The energy sector is one of the worlds fastest-growing sectors, and Start-Up Nation Central sees EnergyTech and ClimateTech as having significant growth potential in the Israeli ecosystem.

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Israeli Prime Minister Naftali Bennett announced at the COP26 Climate Change Conference that Israel will use its technological prowess to help the world reach net-zero emissions. The Israeli Innovation Authority and PLANETech predict that prioritizing climate tech will lead to financial and economic benefits. Ignite the Spark is raising awareness around energy tech, while startups like BreezoMeter and SeeTree are addressing air pollution and carbon sequestration. Firstime Ventures is a climate-tech VC investing in Israeli startups. The article emphasizes the potential for Israeli startups to lead in climate tech and attract investment.

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The article discusses how Israel, known as the Startup Nation, is focusing on developing its human capital and becoming an energy center. The discovery of the Leviathan natural gas field in the eastern Mediterranean has contributed to Israels status as an energy hub. Alongside offshore gas exploration, there is a growing energy-tech ecosystem that focuses on sustainable sources of energy such as wind and solar power. The adoption of renewable energy sources is driven by decreasing costs and the need for energy security. Grassroots organizations and bilateral organizations like the BIRD Foundation are supporting the growth of the Israeli energy tech ecosystem. Startups in the energy sector are innovating in energy generation, transmission, distribution, and storage. The article highlights several Israeli startups in the energy storage and solar energy sectors. Local venture capital investment in the energy sector is still in the early stages, but there is potential for growth.

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The article discusses the lack of gender diversity in the energy and infrastructure sectors. The company, led by Orna Golan, acknowledges the need for change and aims to promote gender equality and increase the representation of women in leadership positions. The company plans to establish a forum to mentor women and encourage them to apply for senior positions. The article highlights the importance of addressing this issue and commends the company for taking action.