U.S. renewable energy developer gains funds from Israel-based company

Lucid Energy, a provider of renewable energy systems and developer of the LucidPipe Power system for in-conduit hydropower, announced that it was the first U.S.-based company to receive funding from OurCrowd, an Israel-based hybrid venture capital and crowdfunding platform. OurCrowd works to match investors with early-stage companies seeking venture capital.

Lucid Energy said it will use the funds to roll out the LucidPipe Power System worldwide, which is the first cost-effective hydroelectric system to generate renewable energy from fast-flowing water in municipal, agricultural and industrial pipelines.

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