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Building US-Israel Energy Partnerships

Building US-Israel Energy Partnerships. “ BIRD Energy”. May 2015. Ms. Limor Nakar-Vincent BIRD Energy Program Director. 1. BIRD Foundation. BIRD = B inational I ndustrial R esearch and D evelopment.

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Building US-Israel Energy Partnerships

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  1. Building US-IsraelEnergy Partnerships “BIRD Energy” May 2015 Ms. Limor Nakar-Vincent BIRD Energy Program Director 1

  2. BIRD Foundation BIRD = Binational Industrial Researchand Development Joint fund, established in 1977 as a joint initiative between the US and Israeli governments Mission Funding To stimulate, promote and support joint (non-defense) industrial R&D of mutual benefit to Israel and the United States Income from interest earned on $110 million endowment grant and from repayments from successful BIRD projects 2

  3. BIRD Status in the U.S.

  4. BIRD Status in Israel The Binational Industrial R&D Foundation Law, 1978 (approved by the Knesset on January 17, 1978) The Foundation is a Corporation for every right, obligation and legal operation - The Foundation will be organized and managed according to the Foundation Agreement [between Israel and the U.S.] Signed by: - Efraim Katzir, President - Menachem Begin, Prime Minister - Yigal Horovitz, Minister of Industry, Trade and Tourism 4

  5. BIRD’s Approach in a Nutshell • BIRD helps in finding strategic partners (“matchmaking”) • BIRD offers conditional grants for joint development on a risk sharing basis (private sector cost-share) • BIRD funds up to 50% of each company’s R&D expenses associated with the joint project • BIRD claims repayments as royalties only if commercial revenues are generated from the project (repayments: up to 150% of the original conditional grant, CPI adjusted) • As an example of mutual benefit: U.S. company benefits from access to innovation and IP; Israeli company benefits from complementary required capabilities and market access (other combinations are possible, e.g., complementary technologies) 5

  6. BIRD – Performance Summary • $318Mgranted • 911projects approved • $102Mrepaymentsfrom projects • ~$10B in sales generated directly and indirectly by BIRD sponsored activities 6

  7. The BIRD Model 7

  8. Repayments Schedule(Based on Revenue) Maximum repayment obligation: 150% Repayment rate: 5% of Sales Semiannual repayments, indexed to CPI-U

  9. Once Project is Awarded… Company to Company Agreement Financial Due Diligence Cooperation and Project Funding Agreement

  10. “BIRD Energy” Leveraging BIRD’s Success and Experience 10

  11. US-Israel Cooperation in Energy Independence and Security Act (2007)

  12. BIRD Energy- Basic Principles • “BIRD Energy” uses the same principles and similar procedures as BIRD • Scope: Renewable Energy and Energy Efficiency projects • Management by the BIRD team, with minimal overhead • Executive Committee for oversight: Assistant Secretary EERE*, Director General MNI* and a member of the BIRD Board of Governors (or their designees) • Project reviewers appointed by DOE/EERE and by MNI * EERE: Energy Efficiency and Renewable Energy, U.S. DOE * MNI: Ministry of National Infrastructures, Energy and Water Resources

  13. BIRD Energy- Call for Proposals Timetable and Deadlines: Executive Summary June 30, 2015 Final Proposal August 13, 2015 Decisions October 21, 2015

  14. “BIRD Energy” Projects 14

  15. BIRD Energy Projects (1) Process to produce biogasoline from cellulosic non-food sources Lipase Carriers for Enzymatic Production of Biodiesel System to monitor, control, and economize energy consumption in metal machining industries  BIPV Energy Maximizer System Self-powered, wireless current sensors that facilitate load management strategies in commercial buildings Hydrogen Bromine Regenerative Fuel Cells for Smar Grid Energy Storage and Renewables LIDAR-based system which gathers data using lasers to facilitate wind speed and power output forecasting in wind farms Next generation energy storage system for uninterrupted supply

  16. BIRD Energy Projects (2) Microturbine for Solar Applications WiFi-based load management system for residential and commercial buildings Utility scale solar dish CPV power technology Process for producing low-cost crystalline silicon solar wafers and solar cells High-Energy, Rechargeable Magnesium Batteries Production of n-Butanol from Lignocellulosic Feedstocks Advanced energy system for remote off-grid systems Development and industrialization of a new cathode for a next generation electrochemical fuel cell generator. Development of a wind turbine generator with an inflatable rotor

  17. BIRD Energy 20145 projects were selected

  18. Energy Efficiency for Buildings Project title: Wireless Miniature Self Powered Current Sensor Panoramic Power develops low-cost, high granularity, energy visibility components and platforms for in-building circuit level electricity monitoring Joint development product:A self powered, wireless current sensor for circuit level electricity monitoring within a building and system installation at a customer site. Mazzetti Nash Lipsey Burch (MNLB) isnationwide full-service consulting and design firm focused on the engineered systems of buildings, and specifically on power systems

  19. The Companies Perspective

  20. Energy Efficiency for Commercial & Residential Buildings Project title: Load management system for commercial and residential buildings Greenlet Technologies provides aDemand Response platform for electric companies and Energy Service Companies (ESCOs), which does not require any professional installation at home. Joint development product:an installation-free system (software and hardware) for energy monitoring, control and optimization at the appliance level, for buildings. Viridity Energy provides next-generation energy optimization solutions to commercial and industrial clients, institutions, government entities, and university campuses.

  21. Wind Sensing Project title: A wind sensing LiDAR system, optimized for wind forecasting applications in wind farms Pentalum is developing a revolutionary wind LiDAR (Light Detection and Ranging) system, for remote sensing of wind. 3Tier, Inc.uses cutting-edge weather science to frame the risk of weather-driven variability anywhere on earth, across all time horizons. Joint development product: LiDAR (Light Detection And Ranging) for remote sensing of atmospheric winds

  22. Fuel Cells Project title: Hydrogen Bromine Regenerative Fuel Cells for Smart Grid Energy Storage and Renewable Bromine Compounds Ltd., Subsidiary of ICL Industrial Products manufactures bromine compounds for use in flame retardants.  Joint development product: operation of a novel hydrogen-bromine regenerative fuel cell (HBRFC) that can provide highly efficient, low cost energy storage for renewable-based and grid-support HBRFC applications Sustainable Innovations, LLC, develop products for critical energy and industrial applications having tremendous global commercial and societal value.

  23. Wind Energy Project title: Medium size wind turbine generator with Inflatable rotor Winflex develops a new inflatable rotor made out of flexible composites and unique wind turbine design GE is the world leader in Wind energy solutions, with an installed base of 18,000+ wind turbines worldwide. Rotor and Wind Turbine design Joint development product: Lower weight wind turbine based on inflatable, flexible, composite rotor design

  24. Energy Storage Project title: Next generation energy storage system for uninterrupted supply EnStorage is developing large scale energy storage devices based on proprietary flow battery technology  Energy Storage Systems (ESS) Princeton Power Systems is a designer and manufacturer of technology products and embedded software for energy management, micro-grid operations and electric vehicle charging.  Joint development product: Energy storage system based on EnStorage's proprietary hydrogen bromide (HBr) flow battery and Princeton Power Systems' inverters and site controller.

  25. Fuel Cells Project title: New cathode for next generation electrochemical Fuel cell generator GenCell is a developer of a clean, robust and reliable emergency power backup platform, based on fuel cell technology and nano-technological processes Gencell’s AFC (Alkaline Fuel Cell) Generator Innovative Machine Corporation (IMC), is a custom original equipment manufacturer of coating, calendering, slitting and dry powder processing machinery specific to the energy storage industry Joint development product:Development and industrialization of a new cathode for a next generation electrochemical fuel cell generator

  26. Energy Storage Systems Battery Stacks for Stationary, Long-Duration Applications Project title: Advanced energy system Rafael Advanced Defense Systems develops advanced defense systems for land, sea, air & space applications Aquion Energy is a designer and manufacturer of technology products and embedded software for energy management, micro-grid operations and electric vehicle charging.  Joint development product: Advanced energy system for remote off-grid electricity generation systems

  27. Thank You! Limor Nakar-Vincent BIRD Energy Program Dir. BIRD Foundation limorn@birdf.com www.birdf.com www.facebook.com/BIRDFoundation 28

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