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Yandex, Uber spin off self-driving vehicles business from joint venture

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Simultaneously with the spin-off transaction, Yandex will invest $150 million into Yandex SDG, $100 million of which will be in the form of equity and the remaining $50 million in the form of a convertible loan. Recently, Yandex launched Yandex.Rover commercial operations in the Russian tech hub of Skolkovo.

Vehicles 220
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Better Place Launches Switchable-Battery Electric Taxi Project in Tokyo; Converted Crossovers with A123 Systems Packs

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The project marks the next major milestone leading up to a complete system test of all components of the company’s electric vehicle solution in Israel before year-end. By year-end, Better Place will test all components of its solution in Israel as the company continues to gear up for commercial launch in Israel and Denmark in late 2011.

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Israeli company reports successful stage 1 testing of solar CO2-to-fuels technology

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Israel-based NewCO2Fuels (NCF), a subsidiary of GreenEarth Energy Limited in Australia, reported completion of stage 1 testing of its proof-of-concept system for the conversion of CO 2 into fuels using solar energy. NewCO2Fuels was founded in 2011 to commercialize a technology developed by Prof. The mixture of CO and H 2 —i.e.,

Solar 366
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BGU researchers developing more efficient process for hydrogenation of CO2 to synthetic crude

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There is a pressing need for a game-changing approach to produce alternative, drop-in, liquid transportation fuels by sustainable, technologically viable and environmentally acceptable emissions processes from abundant, low-cost, renewable materials. BGU has filed the patents and we are ready to demonstrate and commercialize it.

Hydrogen 236
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Primus Green Energy to produce biojet fuel

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Israel Corp. a US subsidiary of Israel Corporation’s renewable energy unit IC Green Energy Ltd., has developed a gasification-based process to convert agricultural biomass into standard automotive fuels at a competitive production cost compared with the price of oil. unit reports biomass fuel breakthrough Globes.

Green 210
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Israel-based Hybrid Solar Gas-Turbine Company Closes $5M Series A Round

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EZKlein Partners announced the closing of a $5 million Series A funding round for AORA , an Israel-based developer of a hybrid solarized gas turbine power station. AORA’s unique modular solar power station is designed to require a smaller footprint, while generating more usable power and heat at a lower cost than other solar energy systems.

Solar 150
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GE Capital, NRG Energy and ConocoPhillips form $300M JV to fund emerging energy technology

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The joint venture’s initial investments are in: Alta Devices, Santa Clara, CA, improving the production economics of advanced materials for high-efficiency, low-cost solar energy. Centennial, CO, developing technology to biochemically convert coal to methane at large scale and low cost. Ciris Energy , Inc.,

Energy 225