Startup Nation Central, Ignite the Spark and the Israel Export Institute present the 2024 Israel Energy Technology Landscape Map

Tel Aviv, Israel, June 24, 2024 /PRNewswire/ — Startup Nation Central in collaboration with Ignite the Spark and the Israel Export Institute fired Israel Energy Technology Landscape Map 2024. This annual map highlights Israel’s energy technology ecosystem, with over 160 companies at the forefront of this dynamic sector, forming the backbone Israel the energy technology sector, which brings together over 300 companies in total.

Key data includes $403 million increased in the last 12 months in 54 rounds, of which 11 rounds exceeded 10 million dollars and the biggest round at $105 million. About 60% of companies are in the early stage/growth stage (prior to Series B seeding), while 40% are in the late stage/maturity stage. It is worth noting that 70% of these companies were founded in the last 10 years, and 10 new companies were founded in the last 12 months.

The map is an essential resource for global investors looking for deal flow opportunities and for multinational corporations looking to find solutions to their energy challenges and decarbonization goals. The map provides a detailed insight into the various sub-sectors Israel a pioneering role in energy technology innovation.

The map presents energy technology subsectors and new technologies in eight key categories: Generation (renewable energy sources such as wind, solar and hydropower), storage (advanced energy storage systems, including electrochemical batteries, pumped storage power plants and thermal storage), behind the counter (consumer-focused energy technologies such as electric vehicles, wireless energy and smart buildings), transmission and distribution (technologies such as digital twin monitored networks and microgrids), hydrogen (a clean energy carrier used in various sectors), OT cyber (cybersecurity of operating technology systems), carbon dioxide capture, utilization and sequestration (CCUS) (carbon capture and utilization solutions), and Waste2X (technologies transforming waste into sustainable energy sources).

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“As the world becomes increasingly concerned about sustainable energy solutions, Israel approach to innovation is paramount,” said Alon Turkaspa, agri-food and climate technology sector leader at Startup Nation Central. “Israeli entrepreneurs are delivering cutting-edge solutions that are disrupting all verticals of the new energy value chain and positively impacting the global energy technology sector.”

“Despite recent challenges, the energy technology sector has shown remarkable resilience with new start-ups and significant funding rounds. This commitment to innovation and sustainability highlights Israel’s technological spirit. The sector is currently focusing on strategic initiatives for sustainable growth and cutting-edge developments,” he said Shona DanaCEO of Ignite the Spark.

“This year has been a test for the technology and energy industries, but our ecosystem remains resilient, driven by a commitment to pushing boundaries and delivering impactful solutions. At the Israel Export Institute, we are committed to promoting Israeli technologies around the world, creating business opportunities and supporting the development of Israeli Energy Tech solutions in international markets,” he said Lior GaonDirector of the Clean Technology and Smart Infrastructure Sector, Israel Export Institute.

For more information and to explore the Israel Energy Technology Landscape Map 2024

About Startup Nation Central: Startup Nation Central is a nonprofit organization that empowers Israel innovation ecosystem and creates global partnerships to help address common challenges.

About IGNITE THE SPARK: Ignite the Spark is an Israeli energy technology community dedicated to fostering innovation in the industry that is the most difficult to decarbonize.

About the Israel Export Institute: The Israel Export Institute is a non-profit, semi-governmental organization that expands opportunities for Israeli exporters in technology fields with an emphasis on creating high-quality business connections.

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SOURCE Start-up Nation Central (SNC)