Israeli Climate-Tech Leaders to Shine at COP29 in Baku

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Israeli Climate-Tech Leaders to Shine at COP29 in Baku

This November, 20 leading Israeli climate-tech companies will attend the COP29 Climate Conference in Baku, Azerbaijan. The Israel Innovation Authority, in partnership with key government ministries, has carefully selected a diverse group of companies offering innovative solutions to address different facets of the global climate crisis—a crisis that personally concerns me and my family.

The Israeli pavilion will be a showcase for these cutting-edge technologies. Here’s an overview of the companies, grouped by category for your convenience:

Environmental Solutions and Emissions Reduction

1. Airovation Tech: Technology for capturing and storing carbon emissions from industrial sources.

2. CarbonBlue: A system that removes CO2 from ocean water, boosting its capacity to absorb atmospheric carbon.

3. Rewind: A method to capture CO2 using the deep waters of the Black Sea.

4. CI Sensing: Advanced tech for monitoring greenhouse gas emissions, using optical gas imaging.

5. NGV: Solutions to cut carbon emissions in high-pollution industries.

6. Marine Edge: Innovations that help the shipping industry lower fuel consumption and emissions.

7. Momentick: Autonomous systems for detecting and measuring methane and other greenhouse gases.

Water and Agricultural Innovations
8. BlueGreen Water Technologies: A purification solution for polluted water bodies.
9. EZPack: Off-grid water solutions for tough environments.
10. H2OLL: Technology to extract drinking water from the air.
11. Treetoscope: Irrigation optimization technology for more efficient water use in agriculture.
12. Salicrop: Eco-friendly fertilizers designed for extreme climatic conditions.
13. Senecio Robotics: AI-driven platform for large-scale mosquito population control.
14. Terra: Technology for managing and monetizing carbon removal in agriculture.
15. CQM: Sustainable, chemical-free systems for fouling prevention and water treatment in industries like HVAC, power, and chemicals.

Sustainable Materials and Waste Management
16. TextRe: Solutions for converting synthetic textile waste into sustainable recycled materials.
17. Envomed: Advanced systems for treating hazardous medical waste.
18. Reep Technologies: A process for removing ink, allowing paper to be reused.
19. SolCold: Nanotechnological coatings for cooling buildings without electricity.
20. ANINA Culinary Art: Eco-friendly packaging for sustainable, ready-to-eat meals.

With COP29 around the corner, excitement is building over the potential impact of these Israeli innovations on global climate solutions. With over 100 heads of state and more than 40,000 attendees expected, this event is the perfect platform for these companies to highlight their technologies, build international partnerships, and contribute to the fight against climate change.

“These companies truly represent Israel's commitment to global change,” said Minister of Innovation, Science, and Technology Gila Gamliel. “We are dedicated to advancing technologies that contribute to a sustainable economy, protect the environment, and improve global quality of life. This is our opportunity to showcase Israel's strength in innovation and our contributions to the world's sustainability challenges.”

Corporate Push for Emission Reduction Drives Climate Tech Investments

Businesses around the world are ramping up investments in climate technology to meet carbon emission reduction and sustainability targets by 2030. Chris Papadopoullos, an analyst at GlobalData, a data analytics and consulting firm, highlighted that nearly 6,000 companies set emissions goals in 2024, a significant rise from 1,000 in 2021. These goals address Scope 1 and 2 emissions, which come from a company’s direct operations, and Scope 3 emissions, which stem from their supply chains. To achieve these targets, businesses are increasingly turning to climate technologies.

"Many of these near-term targets aim for 2030," Papadopoullos noted during a recent GlobalData webinar focused on climate technology. "This is driving significant short-term investment in decarbonization and climate tech."

Papadopoullos identified four key investment areas that are critical for businesses to meet their carbon reduction and sustainability goals by 2030:

1. Renewable Energy
   The largest area of investment for carbon reduction is renewable energy sources like wind and solar, with a strong preference for solar due to its lower cost. Papadopoullos pointed out that tech giants such as Microsoft and Google are heavily investing in renewable energy. For example, Microsoft has signed a deal with solar tech company Qcells to supply 12 gigawatts of U.S.-produced solar panels through 2032, while Google has helped finance the expansion of a geothermal power plant in Nevada.

   
   "Microsoft and Google require vast amounts of renewable energy to power their data centers and AI," Papadopoullos said, adding that companies outside of tech, such as PepsiCo and Eli Lilly, are also investing in on-site solar panels.

2. Electric Vehicles (EVs) and Alternative Fuels
   To cut carbon emissions, companies are also increasing investments in electric vehicles and alternative fuels. This shift includes both the production of electric vehicles and the electrification of company fleets. For example, Walmart has introduced a hydrogen fuel-cell powered electric truck in its Canadian fleet, while Amazon uses electric vehicles for deliveries and is piloting alternative fuel initiatives.

   
   "Many companies are looking to switch their gas-powered fleets to electric," Papadopoullos explained.

3. Batteries and Energy Storage
   Renewable energy and electric vehicles rely on batteries for energy storage and deployment, which has driven investment in this area. Papadopoullos noted that the industry is moving away from materials like cobalt and nickel due to environmental, social, and geopolitical concerns. Alternatives such as sodium-ion batteries are being explored.

   
   He added that as companies adopt more on-site renewable energy, they will need battery storage systems to store excess power, potentially selling surplus energy back to the grid as an additional revenue stream.

4. Monitoring Technologies
   Companies are increasingly investing in monitoring tools, including artificial intelligence, satellites, IoT devices, robotics, drones, and digital twin technology to track their carbon emissions, energy consumption, and environmental impacts.
   "AI is widely used by companies managing large volumes of energy data, helping them optimize complex systems," Papadopoullos said.

These investments in climate technology are critical as businesses globally push toward sustainability goals by 2030.

Nordic-Dutch Startup Paebbl Raises €22.8M for Sustainable CO2-Based Construction Materials

Nordic-Dutch climate-tech startup Paebbl has secured $25M (around €22.81M) in a Series A funding round, aimed at transforming captured CO2 into permanent carbon-storing materials. This new funding will support the company in building a sustainable value chain for CO2 storage, positioning the construction industry as a pivotal player in addressing climate change.

The funding round was led by financial and strategic investors, including DACH-focused venture capital firm Capnamic, and new participants like Amazon's Climate Pledge Fund, sustainable building solutions provider Holcim, and several European industrial family offices, such as Goldbeck's Aurum Impact. Existing investors, including 2050, Pale Blue Dot, and the Grantham Foundation, also joined.

Paebbl's co-founder and co-CEO, Andreas Saari, expressed excitement about partnering with early movers like Amazon and Holcim. He emphasized the company's vision to turn the built environment into a significant carbon sink through innovative and scalable processes.

Founded in 2021 by Andreas Saari, Jane Walerud, Pol Knops, and Marta Sjögren, Paebbl is working to create a large-scale carbon removal solution within the next decade. Their nature-inspired and tech-enabled mineralization process converts CO2 into building materials that permanently store carbon.

In the 18 months since its inception, Paebbl has rapidly progressed from lab tests to a pilot unit producing 250 kg of CO2-storing material daily. In May 2024, the company successfully sequestered its first ton of CO2 and cast its first concrete structures using captured carbon, showcasing the practical applications of its technology.

Looking ahead, Paebbl aims to commission a demonstration plant by mid-2025, increasing production capacity tenfold to 3 tons of material daily and sequestering 1 ton of CO2 per day. This facility will serve as a stepping stone towards commercial-scale deployment of Paebbl's technology.

The company also plans to expand its hubs in Helsinki, Rotterdam, and Stockholm while opening a new location in the UK. Co-CEO Sjögren highlighted the significant progress made so far and the bold steps ahead in making the built environment a key part of the decarbonized economy.

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