The US Department of Energy (DOE) and the Israeli Ministry of National Infrastructure, Energy and Water Resources (MIEW) have agreed to offer funds for floating solar technology developments.
American solar power equipment manufacturer Pristine Sun and Jerusalem-based Solaris-Synergy will be receiving the funds for their ongoing research project under the Binational Industrial Research and Development (BIRD) Energy programme.
The programme represents an industrial research and development cooperation between the two nations.
Each of the BIRD Energy programme project is partnered by one US and one Israeli company, and is aimed at addressing energy challenges for both the countries.
Funds totalling $5.1m has been granted for six projects under the programme.
Besides the Pristine Sun and Solaris-Synergy partnered project, other five recipients include projects by 3GSolar Photovoltaics and Arkema; Ayyeka Technologies and UIS Holdings; Haogenplast and Global Solar Energy; Pentalum Technologies and Texas Tech University; Yissum and Applied Biomathematics.
Pristine Sun CEO Troy Helming said: "We’re very grateful for this partnership with Solaris-Synergy and to have received this award from the US Department of Energy and Israel’s Ministry of National Infrastructure, Energy and Water Resources’ BIRD Energy programme.
"The challenge of building the largest floating solar project in the US was really exciting to us, and we’re thrilled about the prospect of developing more of these projects throughout the world."
The firm has signed an agreement in February for building the largest floating solar project in the US.
It was followed by a deal in March to develop a 5MW solar farm on a landfill in Brattleboro, Vermont, that represents the largest solar project in the US state.