$37M For New Energy Storage Research Institute

Israel will invest approximately NIS 130 million (nearly $37 million) in establishing a national research institute for energy storage. Its aim aligns with the country’s goal to reach an economy free of greenhouse gas emissions by 2050. The new institute will train future experts in the field of innovative and renewable energies and help them transfer from academia to industry.It will research areas including: creating metal-air based batteries (like iron and zinc) that have a higher energy density, novel cables with increased ability to convey electrical energy and very high power density, and sodium-ion batteries that will be cheaper and more available than lithium-ion batteries.The Ministry of Energy will invest NIS 100 million ($28 million) over the course of five years. Bar-Ilan University and the Technion – Israel Institute of Technology have pledged to invest an…

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