Phinergy
Phinergy is an Israeli clean energy company developing metal-air technology, turning metals – namely aluminum and zinc - into a new way to store, transport and generate clean and safe energy. Applications include energy backup for critical sites (as a replacement to lead-acid batteries or diesel generators), range extension for electric vehicles, or low-cost renewable energy storage. The company was founded in 2009 by Aviv Tzidon, currently Phinergy's Chairman. The company's CEO is David Mayer.
| Type | Public company |
|---|---|
| TASE: PNRG | |
| Industry | Battery systems |
| Founded | 2009 in Israel |
| Founder | Aviv Tzidon |
| Headquarters | Lod, Israel |
Key people | Aviv Tzidon (Chairman), David Mayer (CEO) |
| Website | phinergy.com |
The company's technology originates at Bar Ilan University,[1] and has been further developed by Phinergy, turning the technology into products for various applications.
In February 2021, Phinergy completed an IPO at the Tel Aviv Stock Exchange.[2]
Strategic partnerships
In March 2021, Phinergy and Indian Oil formed a joint venture in India for collaboration in the sector of Al-air battery system.[3] This includes research and development, customization, assembly, manufacturing and sale of aluminium-air batteries for the Indian market, specifically electric vehicles.[4]
References
- Israel’s Phinergy Tests 1,100-Mile Range Electric Car; Aluminum-Air Battery System. The Algeminer, JUNE 17, 2014
- "Clean energy co Phinergy raises NIS 200m in TASE IPO". Globes. 2021-04-02. Retrieved 2021-03-17.
- www.ETEnergyworld.com. "Indian Oil Corporation enters into joint venture with Israeli company Phinergy - ET EnergyWorld". ETEnergyworld.com. Retrieved 2021-03-22.
- www.ETEnergyworld.com. "IndianOil buys stake in Phinergy of Israel for manufacturing of aluminium-air batteries - ET EnergyWorld". ETEnergyworld.com. Retrieved 2021-01-30.