08.04.2014 Views

2013 Briefing Book - Print Version - Aipac

2013 Briefing Book - Print Version - Aipac

2013 Briefing Book - Print Version - Aipac

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

RELATIONSHIP<br />

The United States and Israel Have Boosted Energy Cooperation<br />

The United States and Israel share the goal of improved energy security through reduced<br />

dependence on petroleum and, in 2008, signed a cooperative agreement to harness their countries’<br />

ingenuity to develop alternative energy technologies.<br />

The U.S.-Israel Energy Cooperation Program, authorized by Congress under the Energy<br />

Independence and Security Act of 2007, brings together the U.S. Department of Energy and<br />

Israel’s Ministry of Energy and Water Resources in a collaborative program to produce nextgeneration<br />

technologies in an area of critical need.<br />

Leading companies and academic institutions from the United States and Israel are joined in<br />

development of renewable energy, energy efficiency and energy security projects. During its short<br />

history, the program has already generated more than $20 million in private-sector investment<br />

in such areas as smart-grid management, solar technology and alternative fuels. The program’s<br />

efficiency and cost-effectiveness are clear; private-sector investment far exceeds the nominal<br />

congressional appropriations of $6.3 million over four fiscal years.<br />

An Israeli firm is working to capitalize on the pressure generated by the weight of cars on the road<br />

to produce electricity.<br />

56

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!