Directs the secy. of energy, in consultation with the U.S.-Israel Binational Industrial Research and Development Foundation or the U.S. Binational Science Foundation, to establish a grant program for joint ventures, composed of both Israeli and U.S. private business entities or of U.S. and Israeli academics, to implement projects to encourage cooperation between the U.S. and Israel on research, development, or commercialization of alternative energy, improved energy efficiency, or renewable energy sources. It also establishes within the Dept. of Energy an International Energy Advisory Board to advise the secretary on the grant program and grant recipients and appropriates $20 m. each year from 2006 to 2012.
Related measures: H. R. 2730 on 5/26/05; S. 1862 on 10/7/05.