Based on decades of Israeli experience in the field of renewable energy and recognizing the strategic importance of alternative energy technologies, the government of Israel launched in 2008 the National Program for Alternative Energy Technologies - the NEWTech renewable energy sector. The objective of the program is to keep Israel's renewable energy industry at the forefront of the global arena. Israeli alternative energy companies are considered industry pioneers in solar and geothermal technologies.
NEWTech - the National Energy Program works in cooperation with government, private sector, and academia in Israel. The program acts to promote the implementation of Israeli renewable energy technologies in the local and global markets by investing in human capital, R&D, encouraging Israeli companies and individuals to enter the field of renewable energy, and establishing connections with potential partners overseas.
This program is led by the Ministry of Industry, Trade, and Labor alongside the Ministry of National Infrastructure, the Foreign Trade Administration, Investment Promotion Center, the Israeli Export & Cooperation Institute, the Ministry of Environmental Protection, Ministry of Science and Technology, Ministry of Finance, The Standards Institute of Israel, Public Utility Authority – Electricity and the Council for Higher Education.