According to a new landscape map released by Startup Nation Central, Ignite the Spark and the Israel Export Institute, Israel is home to more than 160 energy technology companies, with 54 funding rounds in the sector in the past 12 months.
The annual map showcases Israel’s energy tech ecosystem, which totals more than 300 companies and forms the backbone of Israel’s energy tech sector.
Key data includes that $403 million was raised across 54 rounds in the past 12 months, with 11 of those rounds exceeding $10 million, and the largest round being $105 million. Approximately 60% of the companies are in the early/growth stage (pre-seed to Series B) and 40% are in the late/mature stage. Notably, 70% of these companies were founded in the past decade, with 10 new companies founded in the past 12 months.
The map features energy technology subsectors and emerging technologies across eight major categories: generation (renewable energy sources such as wind, solar and hydro), storage (advanced energy storage systems such as electrochemical batteries, pumped hydro and thermal storage), behind the meter (consumer-based energy technologies such as electric vehicles, wireless energy and smart buildings), transmission and distribution (technologies such as digital twin monitored grids and microgrids), hydrogen (clean energy carriers applied across sectors), OT Cyber (cybersecurity of operational technology systems), Carbon Capture Utilization and Sequestration (CCUS) (solutions that capture and utilise carbon dioxide) and Waste2X (technologies that convert waste into sustainable energy sources).
“Israel’s approach to innovation is crucial as the world increasingly craves sustainable energy solutions,” said Alon Turkaspa, agrifood tech and climate tech leader at Startup Nation Central. “Israeli entrepreneurs are delivering cutting-edge solutions that are disrupting all segments of the new energy value chain, positively impacting the global energy tech sector.”
“Despite recent challenges, the energy tech sector has shown remarkable resilience with new start-ups and large funding rounds. This commitment to innovation and sustainability highlights the Israeli tech spirit. The sector is now focused on strategic initiatives for sustainable growth and cutting-edge advancements,” said Sean Dana, CEO of Ignite the Spark.
“This has been a challenging year for technology and the energy tech industry, but our ecosystem remains resilient due to its commitment to pushing boundaries and delivering impactful solutions. At the Israel Export Council, we are committed to promoting Israeli technology globally, creating business opportunities and supporting the growth of Israeli energy tech solutions in international markets,” said Lior Gaon, head of Clean Tech and Smart Infrastructure at the Israel Export Council.
