Israel Energy Initiatives (IEI)

Clean Transportation Fuels from Oil Shale

Energy Tech
Non Active, Dec 2014
Pre-Funding Jerusalem, Israel Founded 2008
Last updated 2026-06-18
Total raised
—
Stage
Pre-Funding
Founded
2008
Headcount
31
HQ
Jerusalem, Israel
Sector
Energy Tech

About

Israel Energy Initiatives Ltd (IEI) is an Israeli company based in Jerusalem. IEI is developing an environmentally acceptable approach to produce clean transportation fuels from oil shale utilizing its In-Situ conversion technology. The Shfela basin holds a total of 150 billion barrels of oil equivalent, over 40 billion barrels of which are in IEI's license area. IEI is a subsidiary of Genie Energy, which is a publicly traded (NYSE: GNE) company based in Newark, NJ (Genie was recently spun off from the international holding company IDT). IEIs affiliate, AMSO, is engaged in an oil shale project using a different concept of In-Situ conversion, on Federal land in Colorado, through a joint venture with oil giant Total. IEI holds an exclusive exploration and production license granted by the Israeli Government pursuant to Israels Petroleum Law. Under the terms of the license, IEI is obligated to conduct a comprehensive geological reconnaissance study in the license area (70,000 acres), and a subsequent small scale field production test (pilot). The pilot goals are to demonstrate that the In-Situ conversion process (ICP) is technologically feasible, economically viable and environmentally responsible.

Q&A

What is the primary focus of Israel Energy Initiatives (IEI)?
Israel Energy Initiatives (IEI) is developing an environmentally acceptable approach to produce clean transportation fuels from oil shale using its In-Situ conversion technology.
What is the current status of Israel Energy Initiatives (IEI)?
Israel Energy Initiatives (IEI) is currently inactive, as of December 2014.
Where is Israel Energy Initiatives (IEI) headquartered?
Israel Energy Initiatives (IEI) is headquartered in Jerusalem, Israel.
What is the employee count for Israel Energy Initiatives (IEI)?
Israel Energy Initiatives (IEI) has an employee count in the 11-50 range.
When was Israel Energy Initiatives (IEI) founded?
Israel Energy Initiatives (IEI) was founded in January 2008.
What is Israel Energy Initiatives (IEI)'s relationship with Genie Energy?
Israel Energy Initiatives (IEI) is a subsidiary of Genie Energy, a publicly traded company on the NYSE (GNE).
Does Israel Energy Initiatives (IEI) hold any licenses?
Yes, Israel Energy Initiatives (IEI) holds an exclusive exploration and production license granted by the Israeli Government under Israel's Petroleum Law.
What are the obligations under IEI's license?
Under the terms of its license, Israel Energy Initiatives (IEI) is obligated to conduct a comprehensive geological reconnaissance study and a subsequent small-scale field production test (pilot) in its license area.

Sectors & technology

Primary sector
Energy Tech
Sub-sectors
Energy Tech
Target customers
Energy, Utilities & Waste ManagementUtilitiesElectricity
Business model
B2B

Tags

energyoil-and-gas-companiesfuels
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