U.S., Israel Strengthen Energy Ties

(March 10, 2009)

American and Israeli energy officials signed the U.S.-Israel Energy Cooperation Act last week at a conference in Eilat, marking a joint effort to reduce dependence on oil. The initiative will fund shared ventures to research and develop alternative sources of energy. As a part of the fiscal year 2009 omnibus spending bill, Congress appropriated $2 million for joint research and development between the two nations.

Israel has long been recognized as an international leader in alternative energy technology. A recent solar energy deal signed between Israeli company BrightSource Energy and Southern California Edison is the world's largest solar energy deal and could provide as many as one million California homes with electricity beginning in 2013. Construction of the solar project in Ivanpah, California is expected to begin in the next few months and hopes to set up new plants across the Southwest.

Source: Near East Report