Israel launches 3.5-mln-USD plan to fund innovative energy projects

  • World
  • Thursday, 24 Sep 2020

JERUSALEM, Sept. 23 (Xinhua) -- Israel launched a plan with 12 million new shekels (almost 3.5 million U.S. dollars) to fund energy-related projects, the Israel Innovation Authority (IIA) said on Wednesday.

As part of the plan, the IIA, in collaboration with the Energy Ministry and the Smart Transportation Administration at the Prime Minister's Office, published for the first time two joint calls for proposals to fund the projects.

The authorities will invest about 10 million shekels to promote projects and develop innovation in the energy market, fossil fuel substitutes, water, and natural resources.

The remaining two million shekels will be invested in funding groundbreaking research and development programs to promote renewable energy and enhance energy efficiency in the manufacturing industry.

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