US firms to invest in Israeli alternative energy company

29.06.2011                      27.Siwan, 5771

Umwelt-Wirtschaft:

US firms to invest in Israeli alternative energy company

Caesarea-based Emefcy Bio-Energy Systems has created a technology which works on using wastewater to generate electricity.

A joint venture between three US energy giants is making its first non-American and first water-related investment by providing funds to Caesarea-based Emefcy Ltd., which works on using wastewater to generate electricity, the firms announced together on Wednesday.
The group of financiers are collectively called Energy Technology Ventures, comprised of General Electric, NRG Energy and ConocoPhillips, focuses on “the development of next-generation energy technologies,” and looks for innovation particularly in the US, Europe and Israel, according to a statement….