Xfloat Overview
Xfloat is working to improve the efficiency and cost-effectiveness of floating solar projects with a water management system that controls solar panel tilting and tracking through water loads and pumps. This system combines sensor data with machine learning for enhanced photovoltaic performance and maintenance planning. A key feature is its buoyancy tanks, which adjust PV panel rotation without the need for motors or hydraulics, utilizing a hydrostatic positioning mechanism. This approach aims to generate electricity for various users, including industrial plants and private consumers, effectively utilizing solar energy on water surfaces.
Cumulative Funding Raised Over Time ($)
$2.9MMar 2022
$2.9MMar 2023
Latest News
growth-positive
Floating Solar Poised For World Domination, With Tracking
The floating solar industry is gaining traction, with tracking technology that allows solar panels to follow the sun for maximum efficiency. The US Department of Energys National Renewable Energy Laboratory reported a global average improvement in solar energy conversion of 9% for solar panels mounted on a single tracking axis. The global solar tracker market is projected to grow to $19.61 billion by 2030, up from $6.94 billion in 2022. Companies like SolarisFloat and Xfloat are developing floating solar arrays with tracking technology. Miya Water has acquired a minority stake in Xfloat, and a $1 million grant has been provided to fund a pilot project that pairs Xfloat with the US firm Rettew Associates.
InvestmentPartners
growth-positive
Teralight complete Israel's largest floating PV project
Teralight, an Israeli renewable energy developer, has completed the countrys largest floating photovoltaic (PV) project. The 31 MW facility, located in the northern Israeli Kibbutz of Maayan Tzvi, was built on two water reservoirs and covers a total area of 350,000 square meters. The project, which cost an estimated $33.8 million, is the first in the world to use sun-tracking devices from Israeli company Xfloat. The project was a collaboration between Israels Senergy Group and the Hof HaCarmel Water Association.
InvestmentPartners
growth-positive
שמש מעל המים: פרויקט סולארי ענק צף בחוף הכרמל - וואלה! כסף
Israeli company Teralight has launched the countrys largest floating solar project. The project, in partnership with Synergy and the Carmel Coast Water Association, involves the installation of floating photovoltaic facilities with a capacity of 31 megawatts on water reservoirs in Kibbutz Maayan Zvi near Zichron Yaakov. The total cost of the project is estimated at around 130 million shekels. The project is part of a policy led by the Carmel Coast Regional Council to cover water reservoirs and reservoirs.
InvestmentPartners
growth-positive
Spanish water company Miya buys stake in floating PV tech developer Xfloat
Spanish water company Miya has acquired a minority stake in Xfloat, an Israeli floating PV tech developer. Xfloats floating solar PV arrays use a tracking system without motors or gears, reducing costs and maximising returns. The company is currently developing a 10.6MW floating solar PV plant in Maayan Zvi, Israel. Miya expects a 25% compound annual growth rate for the floating solar sector until 2030.
AcquisitionExpand
growth-positive
Israel Tests AI-Powered Floating Solar Panels To Generate Clean Energy
Israeli startup Xfloat has partnered with Mekorot, Israels national water company, to test a floating artificial intelligence (AI) that generates electricity by tracking the sun. The solar photovoltaic (PV) system is designed to move and track the sun while floating on reservoir water. The project is part of a national program where four Israeli startups were selected by the Israel Innovation Authority to test innovative technologies at government sites with Israeli state support of up to 50 percent. Xfloats system uses machine learning capabilities to control water loads and pumps for accurate tilting and tracking.
PartnersInvestment
| Sector | Energy Tech |
Funding
| Total funding | $3.93M |
| Last funding | $1M |
| Stage | Seed |
| Rounds | 3 |
| Investors | 3 |
Team Members
3
Employees: 11-50
Web & Social Links
| Website | xfloat.co/ |
Locations
HaGavish Street 10, Netanya, Israel
Photos & Videos
3 item(s)
Xfloat Business
Business models
B2B
Product stage
Released
Employees
11-50
Sector
Climate TechEnergy TransitionClean Energy GenerationSustainable Water SolutionsWater for Industry & Residential UsesEnergy TechEnergy Production & SourcesTarget Customer
Energy, Utilities & Waste ManagementRenewable Energy SystemsSolarIndustrial ManufacturingManufacturing FacilitiesCore Technology
SensingArtificial IntelligenceMachine LearningTags (9)
panel-performanceclimate-techrenewable-energysolar-energyphotovoltaicsscadamachine-learningcontrol-systemsartificial-intelligenceXfloat Financials
$3.93M
Total funding
Undisclosed
Capital raised
$1M
Last funding
Seed
Funding stage
3
Total rounds
3
Investors
Cumulative Funding Raised Over Time ($)
$2.9MMar 2022
$2.9MMar 2023
Private Equity Funding
Seed
Mar 2023
Undisclosed
E44 Ventures, Miya
Seed
Mar 2022
$2.93M
Or Elovitch (Lead)
Non-Equity Funding
GrantEvent
May 2023
$1M
BIRD Foundation
Xfloat Lifecycle
Cumulative Funding Raised Over Time
$2.9MMar 2022
$2.9MMar 2023
All Events
Seed
Mar 2023
Undisclosed
E44 Ventures, Miya
Seed
Mar 2022
$2.93M
Or Elovitch (Lead)
GrantEvent
May 2023
$1M
BIRD Foundation
Xfloat News
6 articles
growth-positive
Floating Solar Poised For World Domination, With Tracking
The floating solar industry is gaining traction, with tracking technology that allows solar panels to follow the sun for maximum efficiency. The US Department of Energys National Renewable Energy Laboratory reported a global average improvement in solar energy conversion of 9% for solar panels mounted on a single tracking axis. The global solar tracker market is projected to grow to $19.61 billion by 2030, up from $6.94 billion in 2022. Companies like SolarisFloat and Xfloat are developing floating solar arrays with tracking technology. Miya Water has acquired a minority stake in Xfloat, and a $1 million grant has been provided to fund a pilot project that pairs Xfloat with the US firm Rettew Associates.
InvestmentPartners
growth-positive
Teralight complete Israel's largest floating PV project
Teralight, an Israeli renewable energy developer, has completed the countrys largest floating photovoltaic (PV) project. The 31 MW facility, located in the northern Israeli Kibbutz of Maayan Tzvi, was built on two water reservoirs and covers a total area of 350,000 square meters. The project, which cost an estimated $33.8 million, is the first in the world to use sun-tracking devices from Israeli company Xfloat. The project was a collaboration between Israels Senergy Group and the Hof HaCarmel Water Association.
InvestmentPartners
growth-positive
שמש מעל המים: פרויקט סולארי ענק צף בחוף הכרמל - וואלה! כסף
Israeli company Teralight has launched the countrys largest floating solar project. The project, in partnership with Synergy and the Carmel Coast Water Association, involves the installation of floating photovoltaic facilities with a capacity of 31 megawatts on water reservoirs in Kibbutz Maayan Zvi near Zichron Yaakov. The total cost of the project is estimated at around 130 million shekels. The project is part of a policy led by the Carmel Coast Regional Council to cover water reservoirs and reservoirs.
InvestmentPartners
growth-positive
Spanish water company Miya buys stake in floating PV tech developer Xfloat
Spanish water company Miya has acquired a minority stake in Xfloat, an Israeli floating PV tech developer. Xfloats floating solar PV arrays use a tracking system without motors or gears, reducing costs and maximising returns. The company is currently developing a 10.6MW floating solar PV plant in Maayan Zvi, Israel. Miya expects a 25% compound annual growth rate for the floating solar sector until 2030.
AcquisitionExpand
growth-positive
Israel Tests AI-Powered Floating Solar Panels To Generate Clean Energy
Israeli startup Xfloat has partnered with Mekorot, Israels national water company, to test a floating artificial intelligence (AI) that generates electricity by tracking the sun. The solar photovoltaic (PV) system is designed to move and track the sun while floating on reservoir water. The project is part of a national program where four Israeli startups were selected by the Israel Innovation Authority to test innovative technologies at government sites with Israeli state support of up to 50 percent. Xfloats system uses machine learning capabilities to control water loads and pumps for accurate tilting and tracking.
PartnersInvestment
growth-positive
עכשיו ברמת הגולן: מתקן סולארי ראשון בעל יכולות עקיבה אחרי השמש
Xfloat, a company held by renewable energy company Synergy (29.5%), has made significant strides in realizing its vision of improving the field of floating photovoltaic systems (Floating pv), which is growing rapidly. Xfloat, which develops a system that allows a float to follow the suns rays, launched its first commercial facility and its connection to the electricity grid in the Tzur reservoir in the Golan Heights, which supplied 300 kilowatts, for the water association Mei Golan.
InvestmentExpand
Xfloat Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 16 |
| Team members | 3 |
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Xfloat Internal
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Admin Info
| Confidence | 90/100 |
| Missing | markets, not claimed |
| BI Verification | Maor Perlov |
| Registrar ID | 515763084 |
| Creator | Maor Perlov |
| Creator email | maorperlov@gmail.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2023-11-12T00:00:00.000Z |
| Created | 2022-05-23T00:00:00.000Z |
| Claimed | Yes |