2013 Briefing Book - Print Version - Aipac
2013 Briefing Book - Print Version - Aipac
2013 Briefing Book - Print Version - Aipac
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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 />
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