Last month the Armenian Technology Congress (ArmTech’07) was held in San Francisco, CA USA. During this very important and unique event more than 120 participants from more than 7 counties gathered to discuss with their colleges from Silicon Valley the prospects and development strategy of Armenian High Tech. The renewable energy was presented during the congress in special dedicated round of sessions chaired by Dr. A. Vardanyan, General Director of Viasphere Technopark (Armenia). One of the key presentations during this session was the presentation of Armenian Renewable Resources and Energy Efficiency Fund given by director of the Fund Ms. T. Babayan.