TGE Tech Turns Trash into Electricity; Plans Pilot Programs

Maayan Venture’s portfolio company TGE Tech has “developed and patented a system whereby unrecycled refuse can be converted into fuel with a special patented device that turns garbage into gas – syngas, a well-known element that has some of the properties of gas, oil and coal,” according to Israel21c. The technology addresses a huge environmental problem — trash — whlie at the same time supplying “green energy”. While not as efficient as oil or coal, the electricity provided by TGE can be sold at a premium as part of government incentive programs.

A pilot program near Tel Aviv has been setup and a much larger program in Israel is being planned that will convert up to 200 tons of garbage per day into electricity. More systems are being planned for some South American and European countries.

Check out the full article here.

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.

Israel Delivers: TechnoSpin, Gizmox, Endogun, Applicure

Today Israel’s innovators made all kinds of headlines from cleantech to medical devices to software security.

Let’s start with TechnoSpin. The four year old startup has raised $8 million from US VC 21 Ventures. They develop and produce rotors for small wind turbines which, it claims, are cheaper to produce and more easily assembled than competitor’s products, and can be operated on 80% of the earth’s surface – not just in high-wind areas. TechnoSpin also develops wind turbine gears which produce torque that is then converted into electrical power. Check out an interview with the CEO, Maxim Rakov.

 

Next on the list is Gizmox. This 2006-formed web application design startup announced today that it has reached an agreement to market its software through Microsoft marketing platforms. The Maayan Ventures portfolio company will use its Ajax-based environment for running web applications to enhance Microsoft’s Visual Studio environment development partnership program.

 

Then there’s Endogun Medical Systems. The 2004-founded graduate of Meytag Technology Incubatorand now Biomedix Incubator portfolio company has announced FDA approval for its internal soft-tissue fastening solution. This procedure, a key element of many Minimally Invasive Surgeries (MIS), is difficult to perform. Endogun’s technology, apparently, makes MIS procedures more safe, effective and simpler to perform.

 

Finally, Applicure Technologies released a statement via email that it has signed an agreement with British Trafalgar Capital Management for an investment of up to $5 million over a three year period. The four year old company, which is still negotiating with other investors in Israel and abroad for additional financing, creates software-based products for web application security and database compliance.

Military Heavyweight to Head Project Better Place

picture-9.pngAccording to EETimes, Project Better Place (PBP) has just picked three more partners in its efforts to create an electric car-friendly Israel. San Francisco strategic design firm NewDealDesign will develop the industrial designs for the charging stations and other touch points on the grid, Israel’s Aran Research and Development Ltd. and Nekuda DM Ltd. will develop and install the electric vehicle recharging stations, and Moshe Kaplinsky will head the operation.

Most recently, Kaplinsky served as deputy chief of staff of the Israeli Defense Forces (IDF), an experience which should give him not only the ability to mobilize forces needed to turn Israel into an electric car haven and R&D center, but also the personal business connections necessary to build the large-scale infrastructure required for such a massive operation.

Earlier in the week, Globes reported that PBP rented a large office in Tel Aviv which will serve as the project’s temporary headquarters. The short lease is apparently due to the possibility that a larger office may be needed in the near future, especially if everything goes according to Shai Agassi’s fast-growth plan.

PBP will build the electric recharge grid based on the ERGO model for clean transportation designed by Renault-Nissan.  The electric cars will be manufactured by Renault-Nissan and will be available at a discounted tax rate according to a program setup by the government to encourage participation.

For more on Project Better Place see the website. Also check out this video of Shai Agassi explaining his plan to take the battery-powered car to the next level.

Israeli Holding Co. to Invest in India Cleantech Projects

granite.gifGranite Hacarmel Investments Ltd., a publicly-traded holding company that owns leading Israeli companies in the energy, infrastructure, chemicals and synergetic industries (Sonol, Supergas), will invest $6 million in a new Indian consortium that will invest in renewable energy projects in India. Granite carries out its cleantech ventures through its subsidiary GES Global Environmental Solutions Ltd. which focuses on water technologies.

Granite CEO Amiaz Sagis told Globes:

“We decided to build on the company’s strengths in areas complementary to our regular business, including energy and especially renewable energy. We’ve accumulated extensive experience in the water and energy industries in Israel.” “In India, there is a severe shortfall between energy needs and energy supply, which creates a great opportunity to enter this market, while utilizing Granite Harcarmel’s capabilities.” “We’ll invest in all renewable energy sectors, from cogeneration, wind farms, and pumped storage hydroelectric power. We think that expanding our holding in this field is the right thing to do worldwide, and in India in particular.”

Granite was founded in 1981, with a $335,000 investment. Today, it has one of the largest energy portfolios in Israel.

Check out the full Globes article here.