Growth in Israel: Water technologies and Renewable Energy
Solutions for the increasing demand for water and renewable energy in the world are located in Israel. Hundreds of Israeli companies that operate in the sector make Israel a leading country in this field.
In recent years we have come across significant changes worldwide. Realizations that the earth's natural resources are limited have made many countries implement conservation programs, efficiency, savings and diversification of resources. The change is mostly in the Cleantech sector including, water, renewable energy, energy efficiency, agriculture and the environment. This change leads to many business opportunities. The figures indicates that these areas are one of the growth factors of Israel's economy.
Israel has a long history of coping with shortage of natural resources including water and energy. Therefore, over the years the country has succeeded through the academy and industry sectors, together with strong outstanding technological background to develop technologies overcoming new challenges that are relevant not only to Israel but to the entire world.
According to Mr.Tobias Mendelovici, an Israeli Cleantech expert , and CEO of Ocean Business a business development firm that helps Israeli clean tech companies reach foreign markets, "Many innovations derive from the energy and water sectors and this is not a coincidence: an educated workforce, world class research institutions, the creation of supporting programs by the government and a culture of entrepreneurship makes Israel one of the most promising hubs for the development of water, renewable energy and energy efficiency technologies. This is why global investors are targeting Israeli energy and water start ups."
According to the Ministry of Trade, Industry and Labor, Israel is presently considered as a world leader in terms of urban and national water management, water cycle, irrigation, desalination and more. In recent years, with the rising standard of life in the world, there is a growing demand for water, and the growing demand for technological solutions.
In addition, Mr. Ophir Goor from the Ministry of Trade, Industry and Labor stated that Israel is one of the most advanced countries in terms of Cleantech. He mentioned the publication of the Cleantech Group organization,where eight of the 100 most innovative Cleantech companies are from Israel. He said that this is not the first time that Israeli companies are among the prominent ones and in recent years between six and eight companies are constantly in the respectable list