United States-Israel Energy Cooperation Act - Directs the Secretary of Energy, in consultation with the United States-Israel Binational Industrial Research and Development Foundation (BIRD), or the United States-Israel Binational Science Foundation (BSF), and acting through existing programs at the Office of Energy Efficiency and Renewable Energy, to establish a grant program for joint ventures, comprised of both Israeli and U.S. private business entities or of U.S. and Israeli academic persons, to implement projects to encourage cooperation between the United States and Israel on research, development, or commercialization of alternative energy, improved energy efficiency, or renewable energy sources.
Establishes in the Department of Energy an International Energy Advisory Board to advise the Secretary on the grant program and grant recipients.