The recently announced agreement between the P5+1 and Iran would lift sanctions on Iran’s oil exports, reports The Fuse, a move that could increase tensions within OPEC as members hope to avoid further decreases in oil price due to oversupply. Iranian oil exports are expected to heighten regional tensions with Saudi Arabia, as Saudi leaders have pledged to continue their current oil export rates, while also defending the possibility of matching Iran’s nuclear capability.
a new deal with the World Bank, Israel pledged to share its water technology expertise with the developing world, reports the Times of Israel, helping countries meet and overcome their water challenges. Under the accord, Israeli water experts will travel to developing nations to present innovative technologies and conservation methods, including desalination, water filtration and sanitation, drip irrigation and more. “Israel has had to manage water services while operating under extreme conditions of scarcity, and has done so very impressively,” said Jennifer Sara, Director for Water at the World Bank. “Its innovative practices are globally recognized — both from technological and institutional perspectives — and will undoubtedly carry lessons for many of the World Bank Group’s clients facing water-security challenges.”
The Israeli government signed a contract to build a 121 megawatt solar-thermal power plant in the Negev desert, reports Energy Business Review. Anticipated to cost around $1 billion, construction of the power plant is expected to conclude in early 2018. The investment aims to accelerate the country’s goal of generating 10 percent of its power from renewable sources by 2020. "The project is unusual in its scope and technological innovation, which combines capacity with energy storage," said Israel’s Senior Deputy Accountant General and Interministerial Tender Committee Chairman Yariv Nehama.
American Water, the United States’ largest publicly traded water
and wastewater utility company, has partnered with IOSight, Ltd., an
Israeli firm specializing in infrastructure facility management, reports Water
World. The companies received an $800,000 award toward a $2-million, two-year
research and development project from the Israel-U.S. Binational Industrial
Research and Development Foundation (BIRD). The joint venture aims to allow plant
operators to leverage smart water management system reports and analytics to
create improved, streamlined and more efficient operations.
company SolarEdge Technologies signed a strategic supply agreement with Sunrun, the largest dedicated residential solar company in the United States, reports Israel Science Info. SolarEdge has become a global leader in power harvesting, optimization and monitoring services. Under the agreement, SolarEdge will serve as the preferred supplier for Sunrun, bringing Israeli solar expertise into home solar installations across America.