ERAN YARKONI 311.
(photo credit: Courtesy)
In the area of renewable energy, it seems as if every silver lining has a cloud. Solar energy, for example, is great when the sun is shining, but it’s not too effective at night. Ditto for wind-generated energy, solarthermal power and other renewables.
Renewable-energy plants are expensive, and the energy they generate is usually more expensive than fossil-fuel-generated power. And if the system can only operate for part of the day, few, if any, investors are going to sink money into large-scale commercial production facilities.
Unless, of course, that renewable energy can be stored. If one could, for example, store the solar energy generated during the day to produce electricity at night, there might be something to talk about with investors – and with power providers, who have been resisting alternative energy because of, among other things, storage issues.
Indeed, energy storage is often called the “missing link” as the world moves from the traditional method of generating power to the “smart” grids expected to dominate in the 21st century. So figuring out better and more efficient and effective ways to store energy has become a top priority. Entrepreneurs are hard at work all around the world trying to figure out ways to keep the sun’s rays and the wind’s gusts working even on a perfectly calm and still night.
To that end, a plethora of international organizations, including the US
Department of Defense (Office of Naval Research), are searching the
world for innovative energy storage technologies. They’re searching here
in Israel, as well. Next Sunday, the seven most promising Israeli
renewable-energy innovators will gather at Tel Aviv University for the
semifinals of the Energy Storage Challenge, where they will give their
pitches and demonstrate their products and concepts. There’s a lot at
stake. The winner moves on to the finals in London, where they could net
a cool $250,000 R&D grant! Although most of the media talk about
renewable energy points out the benefits of the technology – for
example, how the electric car will save gas and lower pollution – less
attention is paid to the associated storage problems, says Eran Yarkoni
of Capital Nature, one of the sponsors of Sunday’s Challenge, along with
the MIT Enterprise Forum in Israel.
“There’s no doubt that the better the storage options, the more popular
alternative energy will be,” he says. “It’s like the electric car –
everyone’s excited about the car, but no one is excited about the
battery, which is expensive and too big. Innovations are definitely
needed in the area of storage, both of large-scale energy systems based
on solar, wind and other alternative sources, as well as for electric
A review of the companies that will be presenting at the event includes
several that have developed a “significant advance” in the operation of
electric cars. One of them has a super capacitator that will save energy
by more efficiently conducting power from the car’s battery to the
ignition system; another has developed more efficient battery
electrodes. Other projects include a system for utility-scale
electric-energy storage, which could be used for storing energy derived
from large solar-panel or wind farms; another that stores solar-thermal
energy (harnessing solar heat, rather than the sun’s light, for
And many others, some of which have the capacity to make a major
difference in the alternative-energy business after some more
development and refinement.
That an outfit such as Yarkoni’s Capital Nature even exists is a clear
sign that alternative energy is going to be a big part of tomorrow’s
economy. The company invests strictly in start-ups that are working in
the renewable-energy field. It operates a test field in the Arava where
tech companies can test their ideas and projects. Among the companies
Capital Nature works with at the site are Pythagoras Solar, which
develops integrated photovoltaics for apartment houses and office
buildings; B-Solar, which develops and manufactures higher-capacity
photovoltaic cells; and Solar Edge, which makes advanced photovoltaic
And Yarkoni himself is a veteran of the renewable energy business. He was
the founder and CEO of EnStorage, which develops low-cost regenerative
fuelcell (RFC) energy storage systems for power-grid load leveling and
solar- and wind-power generation plants.
Further proof that renewable energy is here to stay is that Capital
Nature counts among its partners some of the biggest names in Israeli
technology, including Elbit, Ormat, Rafael, ProSeed and Ben-Gurion
University of the Negev, among others.
“Technology is driving down the price for energy generated by
alternative means, and sooner than later the world is going to flock to
these solutions,” Yarkoni says. “We intend to be there, on the cutting
edge, helping to shape the energy technology of tomorrow.”