US-Israel fund provides $ 4.8 million for clean energy

10/11/2017 16:40 Renewable


A programme financed by US and Israeli Governments has made known about an investment of $4.8 million (£3.6million) program for five new renewable energy projects.

The Binational Industrial Research and Development (BIRD) Energy program is a collaboration between the US Department of Energy, the Israel Ministry of Energy and the Israeli Innovation Authority. 

Projects in the fields of hydrogen storage, advanced biofuels, sustainable transportation and energy efficiency will be backed by the funding.

Rick Perry, US Energy Secretary announced: “The BIRD Foundation has served as a matchmaker to develop partnerships between US and Israeli researchers at the forefront of technology across the industrial spectrum. This kind of collaboration will be mutually beneficial and allow both countries to achieve their economic and energy security goals.”

BIRD Energy platform, created in 2009, has financially supported 37 projects of approximately $30 million (£22.9million).

In 2018, Gazprom plans to invest $3.2 billion in TurkStream

16/01/2018 14:32:00

Russian major gas firm Gazprom plans to fund an amount of 182.4 billion roubles ($3.2 billion) this year in TurkStream natural gas pipeline project.


EBRD backs France’s Urbasolar plant in Kazakhstan

16/01/2018 13:50:00

The European Bank for Reconstruction and Development (EBRD) is backing French energy firm’s Urbasolar SAS in its intention to construct a solar power plant in Kazakhstan.


Daily (16.01.2018): Brent crude settled close to a 3-year peak above $70 a barrel on tightening supplies

16/01/2018 11:24:00

Oil prices jumped to near a three-year peak above $70 a barrel on Monday on signs that output reductions by OPEC and Russia are tightening supplies, although analysts warned of a "red flag" due to surging U.S. production.