Governments of Israel and California now putting an official stamp and will promote further cleantech collaboration between the two states. This great milestone follows an industry initiative led by CICC in 2009 which provided an unprecedented exposure to many key players in the field.
According to reports in Globes and Green Prophet, CA Governor Arnold Schwarzenegger is signing the cooperation agreement to promote Israel-California strategic R&D in renewable energy and environmental technologies by establishing joint ventures between Israeli renewable energy companies and municipal authorities in California.
The agreement will also boost mutual investment, and foster research collaboration,Globes reports. Specifics and terms of the agreement were not revealed.
CICC's vision to link the two states and provide a platform for cleantech collaboration was launched in 2008 with strong support from industry players and investors. It fueled initial investments and deals for dozens of companies and VC players among them: Tigo Energy, Khosla ventures, HCL, SunPower, Sempra Generations, USVP and many who came on the CICC first Cleantech Mission to Israel in May of 2009. The Initiative clearly set the stage for expanded collaboration and official involvements of governments.