KorenEnergy

Company Overview

Snapshot

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

Business overview

KorenEnergy developed 3D sunlight-tracking technology aimed at providing a cost-effective clean energy source. The company's core product utilized a solar concentrator design that controlled lighter cell units rather than the heavy structure, enabling precise and efficient alignment of the sun's focus with solar cells. This approach simplified construction and reduced costs compared to traditional solar panels. KorenEnergy operated within the Energy Tech sector, specifically focusing on Energy Production & Sources, and served markets across Europe, the Americas, Asia, and Northern Africa.

Company Intelligence Q&A

What is KorenEnergy's primary focus?

KorenEnergy focused on developing 3D sunlight-tracking technology to create a cost-effective clean energy source, utilizing a solar concentrator design.

When was KorenEnergy founded?

KorenEnergy was founded in January 2015.

Who are the founders of KorenEnergy?

KorenEnergy was founded by Izhak Koren and Benjamin Koren.

What was KorenEnergy's operational status?

KorenEnergy is currently non-active, having ceased operations in December 2022.

What was KorenEnergy's product development stage?

KorenEnergy's product, 3D- Tracking Technology, was in the R&D stage. The company received a grant of $57K from the Israel Innovation Authority in January 2015 to support its early development.