When you run an energy company in a resource-poor country like Israel, you have to get creative. This is why Doral Energy-Tech Ventures, the corporate venture arm of Doral Energy, is taking bets on areas like alternative battery chemistries, green hydrogen, combining food and energy production — and even mining the moon.
Roee Furman, managing director of Doral Energy-Tech Ventures, joined the Global Venturing Review podcast to discuss the first year of the firm’s existence, the importance of energy storage and why so much of the unit’s investment activity has been in that area, as well as the CVCs multi-pronged approach that includes accelerator and venture-building capabilities in addition to its regular equity investments and partnerships with universities.
He also discusses why taking a “plain vanilla” no-string-attached approach to investments is good for a CVC, how hydrogen is a growing juggernaut, how the CVC helps position the parent company in the market and how it is investing in companies focused on resource extraction in space.