Doral Tech – Energy of Innovation

In 2020, Doral established its innovation, technology, and investment arm under Doral Energy-Tech Ventures (Doral Tech).

Investments in Renewable Energy, Environment, and Climate Technologies

– Identifying innovative companies and ventures developing breakthrough technologies in significant areas of energy, environment, and sustainability, aimed at addressing the challenges of the climate crisis (“Target Companies”). Doral Tech invests capital and management support resources in target companies at various fundraising stages, providing them with the infrastructure for technology and project development. This includes guidance through all relevant development stages, assistance in creating necessary connections for development, promoting their growth path, providing capital, project financing (if relevant), pilot and testing sites, product guidance, marketing, and business development. In some cases, the Company benefits from various rights and benefits related to these technologies.

Academic R&D and Ecosystem Development

Creating strategic collaborations with academic research institutions and other entities, such as the Technion, Bar-Ilan University, the European Institute of Innovation and Technology, and the 8200 Alumni Association. Through these partnerships, Doral Tech invests in dedicated acceleration programs, funds advanced applied research, and supports ventures through all development stages. The goal is to promote research, development, commercialization, and identify and realize business opportunities to address global challenges in energy, climate, and environment. Additionally, Doral Tech aims to benefit from various rights and benefits related to these technologies as they mature, such as first access to technologies and academic knowledge commercialization for startup incubation.

Furthermore, Doral Tech promotes “open” innovation processes by connecting to the energy and climate innovation ecosystem, hosting pilots at the Company’s facilities, and publishing business challenges. Doral Tech also promotes “closed” innovation by encouraging innovative initiatives and ideas from within the Company and its employees, leading to breakthrough technology research and development and the registration of intellectual property owned by Doral Tech.

 

Exposing the Company to Breakthrough Technologies

Exposing the Company to innovative technologies within its business activities through market research, identifying technologies with a competitive advantage for the Company, creating business opportunities, and exposure to other global players in related industries and adopting these technologies. The aim is to position the Company at the forefront of technological and business advancements in renewable energy, infrastructure, and the environment.

The day-to-day management of innovation, investments, and technology is carried out by the Doral Tech team, including the head of Doral Tech activities, VP of Investments, Deal-Flow and Value-Creation Manager, and an analyst. Additionally, various consultants support the activities, including a content expert, scientists, law firms, and patent attorneys. The business units and the Company’s team of engineers and experts also support Doral Tech’s activities in technological validation, end-consumer and market focus, and technological integration.

Decision-making processes regarding investments, follow-up investments, courses of action, and collaborations are carried out according to the investment policy by an Investment Committee comprising the Company’s chairman, CEO, a company director, and a company advisor.

From its inception until 31.12.2023, Doral Tech has invested in the following companies:

  • Phinergy Ltd.: Develops green energy solutions using “Aluminum-Air” and “Zinc-Air” technologies for energy production, transport, and storage.
  • Ascend Elements: Develops unique technology for recycling lithium-ion batteries and producing new batteries.
  • Zohar Green Technologies Ltd. (“Zohar”): Develops on-site waste-to-energy systems. The Group holds a controlling stake in Zohar, with Doral Tech holding a 67.5% stake and Doral Environmental Infrastructure holding a 7.5% stake.
  • Yotta Energy: Develops energy storage systems integrated with micro-inverters for the C&I market.
  • AM Batteries: Develops unique dry coating technology for battery electrodes.
  • Titan AES: Develops an innovative system for assessing, managing, and optimizing batteries and energy storage systems based on ultrasound technology.
  • Addionics: Develops technology to improve battery performance by making the battery architecture three dimensional.
  • Storage Drop Ltd.: Develops energy storage and cooling/heating systems using compressed air tanks.
  • H2PRO: Develops an electrolyzer using Electrochemical – Thermally Activated Chemical (E-TAC) technology for green hydrogen production.
  • Verdagy: Develops a high-scale electrolyzer for green hydrogen production, based on unique technology that combines the advantages of Alkaline Water Electrolysis (AWE) and Proton Exchange Membrane (PEM) technologies while overcoming their disadvantages.
  • Helios: Develops unique technology for producing “green” iron without carbon dioxide emissions, consuming less energy and at a significantly lower cost than current production methods.
  • Reverion: Developed technology to increase the efficiency of biogas facilities exponentially while eliminating their carbon emissions.
  • Noon Energy: Develops a low-cost energy storage technology based on carbon dioxide that can store energy for over 100 hours.
  • Capow: Develops a system for wireless energy transfer, without a battery, for robots and autonomous vehicles.
  • Quino Energy: Develops an organic materials-based flow battery for 8-12 hours of energy storage.
  • Type One Energy: Develops a Fusion Stellerator facility for green energy production.
  • OXCCU: Develops a revolutionary catalyst for producing green aviation fuels and green hydrocarbons for various industries.
  • Aether Fuels: Develops technology for producing green fuels from various sources.

    * New investments made in 2023