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Last updated on April 19, 2014 at 6:57 EDT

“BIRD Energy” Announces $3.5 Million in Cooperative Clean Energy Projects

December 17, 2012

TEL AVIV, Israel, December 17, 2012 /PRNewswire/ –

The U.S. Department of Energy (DOE) and Israel’s Ministry of Energy and Water
Resources (MEW) have selected four projects to receive $3.5 million under the 2012
Binational Industrial Research and Development (BIRD) Energy program. Each of the
cooperative projects includes a U.S. and Israeli partner and addresses energy challenges
and opportunities of interest to both countries, while focusing on commercializing clean
energy technologies that improve our economic competitiveness, create jobs, and support
innovative companies. The selected projects will leverage private sector cost-share for a
total project value of above $10 million:

        - Bromine Compounds Ltd., Beer Sheva, Israel and Sustainable Innovations
          LLC, Glastonbury, CT will develop a Hydrogen-Halogen Regenerative Fuel Cell (HHRFC)
          utilizing a flexible architecture that provides low cost, transportable, modular
          energy storage capability.
        - Bar Ilan Research and Development Company Ltd., Ramat-Gan, Israel and Pellion
          Technologies, Cambridge, MA will develop high-energy, rechargeable Mg batteries, which
          are superior to Li-ion technology in the key areas of size, weight, lifetime, and
          cost.
        - B.G. Negev Technologies Ltd, Beer Sheva, Israel and Southwest Solar
          Technologies Inc., Phoenix, AZ will jointly develop a concentrating photovoltaic (CPV)
          system, based on an innovative, actively-cooled, CPV module.
        - Pythagoras Solar, Petach Tikva, Israel and BISEM Inc., Sacramento, CA will
          provide electricity producing windows from solar energy (BIPV) of high transparency
          and insulation.

Dr. Eitan Yudilevich, BIRD’s Executive Director, said: “In a global market which is
becoming increasingly challenging for young renewable energy companies, partnering is
critical to accelerate development and reduce risks. We are pleased to be able to support
these four promising U.S.-Israel collaborations selected from a highly competitive group
of proposals.”

About the BIRD Foundation (http://www.birdf.com)

The BIRD (Binational Industrial Research and Development) Foundation works to
encourage cooperation between Israeli and American companies in the various areas of
technology, and provides assistance in locating strategic partners from both countries for
developing joint products.

During its 35 years, the BIRD Foundation has invested in more than 800 projects, which
have yielded direct and indirect revenues of about $8 billion.

The BIRD Foundation supports projects without receiving any rights in the
participating companies or in the project itself. The financial assistance is repaid as
royalties from sales. The Foundation provides support of up to 50% of a project’s budget,
beginning with R&D and ending with the initial stages of sales and marketing. The
Foundation shares the risk and does not demand that the investment be repaid if the
project fails to reach the sales stage.

        Ms. Limor Nakar
        +44(0)3-6988300
        limorn@birdf.com

SOURCE The BIRD Foundation


Source: PR Newswire