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Yissum Research Development Company of the Hebrew University of Jerusalem signed two research agreements with BrightSource Industries Israel (BSII) for advancement in new materials for solar thermal power plants.
"Solar energy is definitely the most important, yet underutilized, clean energy source. Israel has always been a leading player in the solar energy field, and the Hebrew University is proud to collaborate with BrightSource Industries Israel in increasing the efficiency of solar thermal power plants," said Yaacov Michlin, CEO of Yissum.
The agreement will see BrightSource fund research in the laboratories of Professors Daniel Mandler and Shlomo Magdassi from the Institute of Chemistry at the Hebrew University. BSII will not only pay for research fees but will also recompense Yissum once a successful implementation of the technology in its solar power plants has occurred. Actual financial terms have not been disclosed.
The companies look forward to the new materials possibly being integrated into the solar thermal power plant technology developed by BSII and applied in new utility-scale power plants around the world.
