Israeli Climate Tech Startups Receive $1.3M For Innovative Solutions

By Shiri Epstein, NoCamels February 28, 2024 2 minutes

(Pexels)

An award of $1.3 million has been split between seven Israeli climate tech startups as part of the startup category of the Climate Solutio n Prize, an initiative created to encourage innovation in this field.

The selection for the track was carried out by Startup Nation Central, a Tel Aviv-based nonprofit dedicated to promoting Israeli innovation, and the Climate Solutions Prize Organization.

The winners include:

Filo System, whose data compression engine provides storage and networking saving, which lowers energy consumption and cooling cost for data centers;

Electriq, whose innovative powder hydrogen carrier can simplify storage, transport and use of the gas in off-grid uses;

TIGI Solar, which received a prize for its renewable heat generation and heat storage solution;

Nemo Nanomaterials, whose nanotechnology solutions improve industrial materials and products;

Envomed, whose innovative development shreds and sterilizes medical waste;

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Biotic, which has developed sustainable fossil fuel plastics for automotives;

and

BaTTeRi, whose vehicle charging services utilize a charging robot named Thomas, which can provide services where needed.

In addition, Amazon Web Services, the prime sponsor of the awards, chose Electiq to exhibit its clean energy at the United Nations Climate Change Conference taking place in Azerbaijan in November 2024.

“The initiative, designed to award the best and brightest climate tech startups throughout Israel, provides access to investment, partnership opportunities with global MNCs, and exposure at COP28 to global solution seekers, to promote scalable, sustainable solutions to pressing environmental challenges,” said Startup Nation Central CEO Avi Hasson.

““With the objective of channeling Israel’s ingenuity to tackle one of the biggest challenges of our times, the Climate Solutions Prize is the largest incentive prize in Israel’s history. It aims to be a catalyst for climate tech innovation in both breakthrough research and the startup ecosystem. It is vital that we mobilize and inspire the best efforts and best minds so that we can proudly leave a better world for future generations to come,” said Executive Chair of the Climate Solution Prize, Jeff Hart.