KorenEnergy

Company Overview

Snapshot

Founded in January 2015 by Izhak Koren and Benjamin Koren, KorenEnergy operated with 1–10 employees. The company secured $175K across two funding rounds from two investors. In January 2017, KorenEnergy received a grant from the Israeli Ministry of Energy.

Business overview

KorenEnergy develops 3D sunlight-tracking technology aimed at providing a cost-effective source of clean energy. The company's core technology utilizes a solar concentrator that is more affordable than traditional solar panels due to its use of less expensive solar cells. By focusing on controlling lighter cell units rather than heavy structural components, KorenEnergy achieved precise and efficient alignment of sun focus and solar cells, simplifying construction and reducing costs. The company operates within the Energy Tech sector, specifically addressing energy production and sources, and is relevant to climate tech, energy transition, and clean energy generation markets across Europe, the Americas, Asia, and Northern Africa.

Company Intelligence Q&A

What is KorenEnergy's primary focus?

KorenEnergy focuses on developing 3D sunlight-tracking technology to create a cheap source of clean energy, utilizing solar concentrators that are more cost-effective than traditional solar panels.

When was KorenEnergy founded and by whom?

KorenEnergy was founded in January 2015 by Izhak Koren and Benjamin Koren.

What was KorenEnergy's operational status as of December 2022?

KorenEnergy ceased to operate in December 2022.

What was a significant grant received by KorenEnergy?

In January 2017, KorenEnergy received a grant of $118,000 from the Israeli Ministry of Energy.

What was KorenEnergy's total capital raised?

KorenEnergy raised a total of $175,000 across two funding rounds.