In March 2018, the U.S. Congress appropriated $4 million to establish the Center, which will be matched by $4 million from the Israeli government. The Implementation Agreement signed at the Chamber provides the foundation for the establishment of the Center, which aims to accelerate development of innovative technologies for fossil energy, energy cybersecurity in critical infrastructure, the energy-water nexus, and energy storage. The Center significantly upgrades the governments’ support for advanced research, technology transfer, and commercial cooperation between the U.S. and Israel in the energy sector. Greater U.S.-Israel energy research and connectivity is already driving economic growth, and this Center will provide another avenue to support economic gains and advance technology development as Israel continues to grow its energy sector and transition much of its economy to natural gas.
The Chamber has been a strong advocate of the Center since Congress called for the Center’s creation in 2014, and it will continue to strengthen the connection between the private sector and both the U.S. and Israeli governments on energy security through the Center.