Leviathan Energy Signs $50M Deal to Provide Electricity for India

Leviathan Energy Ltd., is an Israel-based cleantech startup that aims to offer the least expensive electrical energy generation on the market by developing clean energy from waves, water, tidal, and wind. They take their name from the bible: “The Leviathan is mentioned in the Bible as a huge and powerful sea creature and is commonly translated as a whale. We chose this name as a reminder of the enormous energy present in nature.”

According to Jonathan Shapira over at Cleantech Investing in Israel, the two-year-old startup and Maple Leaf India PVT “have signed a letter of intent for a $50 million-plus contract to provide clean electricity for India.

The letter of intent covers three points: (1) Leviathan Energy will provide aerodynamic improvement technology for the development of Maple Leaf’s 450 MW wind farm in Kerala, India. The wind farm itself will provide over 900,000 homes with electricity and prevent the emissions of 450,000 tonnes of carbon dioxide from entering the environment. (2) The parties will cooperate on development and implementation of Leviathan’s ocean wave energy technology in the Indian Ocean. (3) The parties will partner to manufacture Leviathan’s Wind Energizer for local use in India.

Raul Goldemann of MATIMOP, director of the India-Israel program, said, ‘We had a successful trip to India, and found tremendous interest in Israel technology.'”

The new startup has a one page website with a description of its core products.

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