Subscribe to Print Edition | Thu., August 28, 2008 Av 27, 5768 | | Israel Time: 02:15 (EST+7) web haaretz.com   Back to Homepage Haaretz Toolbar Diplomacy Defense Jewish World Opinion National Print Edition Car Rental Books Haaretz Magazine Business Real Estate Easy Start Travel Week's End Anglo File

Israel Corp buys solar energy firm HelioFocus By Avi Bar-Eli Tags: Israel The big tycoons continue to invest in renewable energy: The Israel Corporation's subsidiary IC Green Energy has bought control of American-Israeli startup HelioFocus for $5 million to $6 million. HelioFocus develops a unique technology for utilizing solar energy: "concentrated solar power systems" based on technology from and cooperation with the Weizmann Institute in Rehovot. The company is privately-owned by a group of investors and the firm's founders. The technology is based on micro-turbine engines powered by concentrated solar rays. HelioFocus was founded in 2007 and uses technology developed by Prof. Jacob Karni of the Weizmann Institute, one of the world's leading experts in solar energy. Advertisement IC Green Energy (ICG) is a subsidiary of the Ofer family's Israel Corporation, and is the holding company's green energy arm in Israel. ICG's CEO is Maj. Gen. (res.) Yom-Tov Samia. The company focus is primarily on renewable energy sources such as biofuel: biodiesel and ethanol, solar energy and the production of biofuel and energy from biomass. The company was mentioned in the news recently as considering participation in the tenders for solar power plants in the Negev. Sammy and Idan Ofer's investment in renewable energy is the most recent in a long list of Israeli tycoons: Joseph Maiman has invested in ethanol and natural gas initiatives through his companies Merhav and Ampal. Nochi Dankner's Clal Industries, which belongs to the IDB group, is planning on participating in the Negev solar tenders and has established with Ampal a wind-power initiative; as well as others including Matthew Bronfman, David Azrieli and Shlomo Shmeltzer. Bookmark to del.icio.us   Voice of peace silenced Israeli peace pioneer Abie Nathan dies aged 81. DeadSeaScrolls.com World's oldest Bible fragments to be available online.

Read & React Bradley Burston: What really scares us about Barack Obama Responses: 80 Haaretz TV: Iran-Israel arms race heats up, both boost naval capabilities Responses: 30 Moshe Arens: Gov't must act now to eliminate rocket threat against Israel's cities Responses: 31 Uzi Benziman: U.S. failed in peacemaking since it won't force its views on Israel, PA Responses: 31 More Headlines 23:34 Israeli peace pioneer Abie Nathan dies aged 81 00:37 Gideon Levy / The last of the dreamers of peace 22:04 Miki Goldwasser: Leaders care more about internal politics than Gilad Shalit 22:28 Nigerian militants say willing to help locate abducted Israeli 17:51 Police: We will do all we can to give Rose a proper burial 02:10 Police: Grandfather of missing girl hides info for bargain plea 22:47 Bill Clinton set to take center stage at Democratic convention 19:19 Iran's Republican Guard: Zionist Entity in range of our missiles 23:54 Digital Bible: Dead Sea Scrolls to be made available online 19:15 Mofaz: I can make fateful decisions, Livni can't 22:07 Iran-Israel arms race heats up, both boost naval capabilities 17:45 Young Egyptians are in no hurry to die for the homeland 16:44 Broadcast authority bans radio ad criticizing government policy on Gaza 23:17 PA Police: West Bank man kept his mentally disabled kids in dungeon for 20 years 13:27 What really scares us about Barack Obama 15:40 Prosecution: Talansky won't testify if U.S. doesn't give him immunity 21:12 Israel slams Jordan's talks with Hamas as 'unhelpful to peace process' Previous Editions Select Day 27 aug 26 aug 25 aug 24 aug 22 aug 21 aug 20 aug 19 aug 18 aug 17 aug 15 aug 14 aug

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