Total raised
$175K
Stage
Pre-Funding
Founded
2015
Headcount
2
HQ
Tel Aviv-Yafo
Sector
Energy Tech
About
KorenEnergy aims to help end the global climate crisis by creating a cheap source of clean energy. The company uses a solar concentrator, which is cheaper than solar panels as it uses less-expensive solar cells. At the same time, the concentrator requires highly accurate sun tracking, demanding costly mechanics. By controlling the lighter cell units rather than the heavy structure, the company was able to precisely and efficiently align the sun's focus and the solar cells. This approach resulted in a construction simplification that led to a meaningful cost reduction.
Company Intelligence Q&A
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- What is KorenEnergy's primary technological innovation?
- KorenEnergy developed a 3D sunlight-tracking technology that controls lighter cell units rather than heavy structures to precisely align the sun's focus with solar cells. This approach simplifies construction and reduces costs compared to traditional solar concentrators.
- When was KorenEnergy founded and where is it headquartered?
- KorenEnergy was founded in January 2015 and is headquartered in Tel Aviv-Yafo, Israel.
- What is the current operational status of KorenEnergy?
- KorenEnergy is currently inactive, having ceased operations in December 2022.
- How much grant funding has KorenEnergy received and from which organization?
- KorenEnergy received a total of $175,000 in grants from the IIA. This includes $57,000 in January 2015 and an additional $118,000 in January 2017.
- What is KorenEnergy's total raised capital?
- KorenEnergy has raised a total of $175,000, all from grants.
- Who are the founders of KorenEnergy?
- The founders of KorenEnergy are Izhak Koren and Benjamin Koren.
- In which markets did KorenEnergy aim to operate?
- KorenEnergy aimed to operate in geographic markets including Europe, the Americas, Asia, and Northern Africa.
- What is KorenEnergy's primary sector classification?
- KorenEnergy's primary sector classification is Energy Tech, with further classifications in Energy Production & Sources, Climate Tech, Energy Transition, and Clean Energy Generation.
Sectors & technology
Primary sector
Energy Tech
Sub-sectors
Energy TechEnergy Production & SourcesClimate TechEnergy TransitionClean Energy Generation
Business model
B2BB2C
Highlights
1 PatentsVerified
Tags
climate-techenergy-efficiencysolar-energyphotovoltaicsrenewable-energyenergy