notes july 12
July 13, 2008 § Leave a comment
Speaking of Israel… did you know that Israel has the second largest number of venture capital startups in the world, just behind the U.S.?
“Israel, as it turns out, is a hotbed of technological activity,” notes Chris Mayer in his latest Special Situations alert. “The country’s technology sector is a bustling hive of activity, with companies on the leading edge of geothermal and solar power, water purification and more. I suppose it makes sense, since Israel is in an arid region and has little in the way of natural resources. Yet it does have an awful lot of sunshine.
“Over 90% of the homes and buildings in Israel use rooftop solar power collectors, mainly for heating water. Israel’s also adding solar capacity at a rapid rate, such that within 10 years, solar power could provide 35% of the country’s energy, compared with only 6% now.
“Israel is also incredibly water efficient, as it must be. Already, Israel recycles more than 75% of its water. It has led the way on all kinds of innovations in everything from desalinating seawater to reverse osmosis for water filtration.”