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phinergy.com

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Stage

Corporate Minority - II | Alive

Total Raised

$50M

About Phinergy

Phinergy, founded in 2008, is a developer of zero-emission, high energy-density systems based on metal-air energy technologies. The company's primary focus is on aluminum-air and zinc-air batteries.

Phinergy Headquarter Location

Israel

Latest Phinergy News

Today's Market View - Alba Mineral Resources, Amur Minerals, Condor Gold and more...

Jul 5, 2021

... Alba Mineral Resources (LON:ALBA) - Bulk-sampling results from ClogauAmur Minerals* (LON:AMC) – $6.1m secured from the sale of Nathan River convertible notesCondor Gold* (LON:CNR) – Infill drilling confirms approximately 60,000oz of gold within 35m of surface in La India Starter pitsCornish Metals*+ (LON:CUSN) – BBC film on Cornish Lithium SP Angel . Morning View . Monday 05 07 21 Markit data shows China deceleration and strong growth momentum in Europe   Graphene producer funding – EIS scheme approval applied for The company wishes to fund a ramp up in graphene production to get ahead of demand and to develop markets for a number of new, graphene products The business is also able to upgrade graphite to a higher grade/specifications using its process – rolling out this process also requires funding Please email if you wish to invest in the company *SP Angel’s role is limited to making introductions and interested parties should be aware that investment in a private company can present certain risks not present in listed companies (e.g. limited or no liquidity and no rules compelling disclosure of information to investors). This offer is open to professional investors only and is not offered to retail investors. Amur Minerals* ( LON:AMC ) – $6.1m secured from the sale of Nathan River convertible notes Condor Gold* ( LON:CNR ) – Infill drilling confirms approximately 60,000oz of gold within 35m of surface in La India Starter pits Glencore ( LON:GLEN ) – New Chairman announced Kavango Resources ( LON:KAV ) – KSZ update & £1.94m placing   Chinese steel hub implements output curb for rest of 2021 The city of Tangshan, China’s top steel making hub, has started implementing a 30% cut in output that will last for the rest of this year, Mysteel reports. The programme of cuts is set to run from July 2nd to December 31st – affecting those mills that don’t meet ultra-low emissions targets. China has pledged that last years steel output of just over 1bn tons would be a high water mark for an industry that contributes more than 15% of national emissions. China produced 473mt in the first five months of this year, and would have to cut output by more than 50mt in the final six months of this year in order to meet its goals. The risk for the Chinese government is that steel prices will continue to surge higher if supply is constrained, threatening the gov’s broader effort to contain commodity price inflation. Potential acceleration of disruption to services, manufacturing and logistics from rising Covid-19 cases Rising numbers of Coronavirus cases around the world suggest greater potential for further disruption to manufacturing, logistics and other services. Rising numbers of cases in southern China may lead to further lockdowns.. The UK government determination to reopen the economy on July 19th despite rising cases (23,115 7-day avg.) will likely continue the upward trend in cases. Vaccination may reduce hospitalisations but rising numbers of infections will lead to greater numbers of unplanned sick leave exacerbating the shortage of lorry drivers etc... Good news; thankfully new research suggests vaccines could have a long term impact with astonishingly encouraging news that both previously infected and vaccinated people may be immune, perhaps from infection and at least from severe disease for at least two years and people who have been vaccinated after recovering from an infection may be immune for even longer – potentially for a lifetime according to The Telegraph. While the news above is good from a vaccine perspective we suspect the rising number of Covid cases and potential for economic disruption will continue to drive stimulus for some time. Covid-19 – Peruvian Lambda variant spreads to 30 countries in four weeks The new Lambda variant which accounts for 82% of all cases in Peru has seven unique mutations . Canada accelerates zero-emissions vehicle sales target The Government of Canada announced it is setting a mandatory target for all new light-duty cars and passenger truck sales to be zero-emission by 2035, accelerating the previous goal of 2040. This new target is assisted by existing measures to support increased zero-emission vehicle adoption – from incentives that help with the upfront costs of zero-emission vehicles, to investments in zero-emission charging infrastructure, to partnerships with auto manufacturers which are helping them re-tool and produce zero-emission vehicles in Canada. Nikkei 225 -0.64% at 28,598 HK Hang Seng -0.76% at 28,094 Shanghai Composite +0.44% at 3,534   Economics US – Good employment released on Friday saw the S&P 500 index hitting an all time high heading into a long weekend. While the labour market is improving an increase in payrolls did not markedly raise pressure on the Fed to scale back monetary policy support for the economy with US payrolls remaining some 6.8m below their pre-pandemic levels. Most of new jobs came from leisure and hospitality (+343k), sectors that were heavily hit during the pandemic. US markets are closed today as the nation celebrates 4th of July. NFPs: 850k v 583k (revised from 559k) in May and 720k est. Unemployment Rat (%): 5.9 v 5.8 in May and 5.6 est. Labour Force Participation Rate (%): 61.6 v 61.6 in May and 61.7 est. US markets closed due to 4th July holiday Joe Biden looking to use anti-pollution rules to lift EV sales Biden plans to restore emissions standards to Obama levels and then tighten the rules to ensure EVs take up the majority of new vehicle sales. China – Private sector PMIs for the services sector showed a significant slow down in growth rates in June on the back of an uptick in Covid-19 cases and as reduced travel weighed on demand. Business activity and new orders grew at the weakest pace in 14 months. Weaker growth rates translated into lower pressure on capacities with employment in the services sector declining slightly. Rates of input cost and output charge inflation slowed notably. Manufacturing data released last week also showed decelerating growth in output (weakest in 15 months) and new orders with cost pressures easing. Caixin Manufacturing PMI (released Thursday): 51.3 v 52.0 in May and 51.9 est. Caixin Services PMI (released today): 50.3 v 55.1 in May and 54.9 est. Caixin Composite PMI: 50.6 v 53.8 in May. Rising Covid-19 cases in Southern province raises risk of further metals supply disruption Aluminium prices have been rising on reports of rising Covid-19 cases and the potential for further lockdown in one of China’s southern provinces (Reuters)   Eurozone Markit Services PMI rose to 58.3 in June vs 55.2 in May Eurozone Markit Composite PMI 59.5 in June vs 57.1 in May   Italy – Private sector growth climbed to the highest since January 2018 led by near record rate of increase in the manufacturing sector as well as marked improvement in services. New business orders climbed while cost inflation pressures have also intensified. "Overall, the closing month of the second quarter brought with it mostly good news for the Italian economy.. the recovery remains strong, according to the latest PMI data, with client demand continuing to strengthen as lockdown measures were eased.. despite intense inflationary pressures, firms remain highly optimistic of output growth over the coming year,” Markit wrote. Markit Manufacturing PMI (released Thursday): 62.2 v 62.3 in May and 62.2 est. Markit Services PMI: 56.7 v 53.1 in May and 56.2 est. Markit Composite PMI: 58.3 v 55.7 in May and 58.0 est. Spain – Growth accelerates in June with Markit Composite Index climbing for a fourth consecutive month to the strongest level since early 2000. Services recorded better growth than manufacturing, although, both sectors performed well with new jobs created at the best pace since the start of 2007. Both input and output prices climbed strongly reflecting building up pressures on capacities. Markit Manufacturing PMI (released Thursday): 60.4 v 59.4 in May and 59.6 est. Markit Services PMI: 62.5 v 59.4 in May and 60.6 est. Markit Composite PMI: 62.4 v 59.2 in May and 60.5 est. Germany – Final PMI data re-confirmed strong growth momentum in the largest Eurozone economy in June. Markit Composite PMI: 60.1 v 60.4 estimated previously and 56.2 in May supported by manufacturing gains. Markit Composite PMI: 57.4 v 57.1 estimated previously and 57.0 in May. India – Services PMI falls to 41.2 in June vs 46.4 in May as Covid-19 hits service sector   Russia – The government is discussing a new increase in metals extraction tax that may include precious metals producers this time, Bloomberg reports citing Vedomosti. Government seeks to raise RUB 400bn in 2022 through 2024 with new taxes including RUB 100bn from higher metals extraction tax. Lat month, the government proposed a temporary hike in export taxes on steel, nickel, aluminium and copper to cool domestic inflation after prices climbed strongly across a broad-based comodities rally. Authorities proposed a duty of at least 15% to be effective from August 1 through year-end. Minimum specific export duty rates will be $1,226 a ton for copper, $2,321 for nickel and $254 for low-grade aluminum. Each steel product will have its own rate, with at least $115 a ton for hot-rolled steel. South Africa – Police are ready to arrest former President Zuma if they can find him The former president has so far failed to turn himself in following sentencing to 15 months in jail for contempt of court. Zuma had failed to appear at the corruption inquiry in February. Police are now obliged to arrest the former president though a court agreed on Saturday to hear his application on 12th July. Zuma appears to be planning on showing up at the Constitutional Court for the first time to defend himself. Zuma also claims that going to jail would put him at the highest risk of death from the pandemic because he is nearly 80 and has a medical condition. Currencies US$1.1869/eur vs 1.1826/eur last week. Yen 111.00/$ vs 111.60/$. SAr 14.280$ vs 14.514/$. $1.384/gbp vs $1.375/gbp. 0.752/aud vs 0.746/aud. CNY 6.460/$ vs 6.483/$. Aluminium US$ 2,571/t vs US$2,527/t last week Nickel US$ 18,465/t vs US$18,055/t last week Zinc US$ 2,961/t vs US$2,938/t last week Lead US$ 2,302/t vs US$2,264/t last week Tin US$ 31,500/t vs US$31,160/t last week             Oil US$76.3/bbl vs US$75.7/bbl last week Oil prices are hovering above the US$75/bbl level after OPEC+ could not reach a key deal on their oil output policy last week, amid rising tensions between Saudi Arabia and the UAE Crude prices are seeing some volatility after an initial spike but retreated slightly on in early trading today OPEC+ will meet again today after failing to reach a deal twice last week Without a deal, oil prices could surge and threaten to derail a frail economic recovery The UAE blocked a deal to increase oil output and extend the expiry of the group’s broader production supply agreement to the end of next year The UAE said the extension should be conditional on revising the so-called baseline, which determines how much a country is allowed to produce The deal includes an agreement to increase oil output gradually, while at the same time, extending the duration of broader cuts that the group agreed to in 2021 Last year, to cope with lower demand as the Covid crisis hit and people travel less, OPEC+ agreed to curb output by almost 10MMbopd from May 2020 to the end of April 2022               NdPr Rare Earth Oxide (China) US$75,158/t vs US$73,814/t Lithium carbonate 99% (China) US$12,384/t vs US$12,383/t - General Motors to source lithium for EV batteries from US The US-based auto manufacturer has struck a ‘multimillion-dollar’ deal to secure low-cost lithium to produce its EV batteries, reducing its dependence on foreign supplies. GM has agreed to a strategic investment and commercial collaboration with Controlled Thermal Resources (CTR), an Australian firm working to extract lithium from naturally heated geothermal waters. The agreement would see GM have first rights to any lithium produced at CTR’s Hell’s Kitchen project in California. The California Energy Commission estimates that the area could produce 600,000 tons of lithium carbonate annually – enough to comfortably meet current demand. Ferro-Manganese European Mn78% min US$1,940/t vs US$1,938/t China Tungsten APT 88.5% FOB US$273/t vs US$273/t China Graphite Flake -194 FOB US$515/t vs US$515/t Europe Vanadium Pentoxide 98% US$8.8/lb vs US$8.9/lb Europe Ferro-Vanadium 80% US$41.25/kg vs US$41.75/kg Spot CO2 Emissions EUA $60.30/t vs $57.60/t   China – Global energy internet to use network of supergrids China first pitched the idea of a network of global supergrids to create a global energy internet six years ago to the UN (SCMP). The idea is to use Chinese-made ultra-high-voltage connectors. Climate change is set to create at least $14tn of spending to strengthen grid networks by 2050 almost as much as expenditure on renewable energy generation (Bloomberg). New generating and transmissions hubs such as the 10GW island off the coast of Denmark will need connecting to other markets. Joe Biden’s new infrastructure plan includes $100bn for power grids and the establishment of a new Grid Deployment Authority. Europe is building high-voltage DC connectors to enable the movement of power more easily around the union with just 9% of power traded across boarders. These HVDC lines become economic at >800km above ground and 50km for underground and submarine cables. India to give aluminium battery a chance in EVs as alternative to lithium The drive to reduce dependence on imported materials, particularly from China, is pushing India to invest in battery technology that uses aluminium rather than lithium as the key material. India has few exploitable options to produce lithium, but it has large reserves of bauxite – some 600m tons according to the US Geological Survey – the ore which aluminium is refined from. It is also the second largest smelter of aluminium having invested heavily over the years. Indian Oil Corp., the nation’s largest oil refiner, has teamed up with start-up Phinergy Ltd. to develop the Israeli company’s aluminium-air battery. The aluminium-air battery could have a few advantages over current lithium-ion batteries: potentially cheaper, would give vehicles a longer range and are safer. The aluminium-air batteries biggest stumbling block is that the cells can’t be recharged. Instead Phinergy is planning for users to be able to quickly swap in a new battery and send the used one to a recycling facility. “It takes just three minutes to replace the battery, about the time it takes to fill up at a gas station,” S.S.V Ramakumar, Indian Oil R&D Director said. Demand both from electric transport and renewable energy storage means India could provide a market big enough for aluminum-air batteries to find a role. Battery demand will rise to as much as 185 gigawatt hours by 2035, according to BNEF. Alba Mineral Resources ( LON:ALBA ) 0.28p, Mkt cap £15.9m Bulk-sampling results from Clogau Alba Minerals has reported further results from its concentrates bulk-sampling at the Clogau St David mine in North Wales. The bulk sample “was taken from previously worked areas of the Mine” and assays of concentrates recovered from the bulk sample of material from “the Grandfathers Stope ranged from 86.8 g/t Au to 461 g/t Au with an average of 187 g/t Au”. The concentration ratio does not, however, appear to be included in the announcement. The company says that these “Results significantly exceed assay results of bulk sample concentrates announced previously which had returned grades of 20.4 to 165.5” which were from concentrates obtained “from Jack Williams Lode and floor material from Tyn-Y-Cornel area” as reported in May this year. The individual samples relate to samples of around 150gms each and although the headline results appear encouraging it is unclear as to how the results will translate into a future mineral resources estimate for the project. The company comments on the irregular distribution of gold grade within the Clogau vein system which it is addressing through a combination of drilling, “to identify gold-bearing structures” and bulk-sampling “to obtain a representative idea of gold grade”. “Thus far, the Company has yet to combine these strategies in a particular zone, as all the bulk sampling last year was carried out in previously mined areas, not areas which have been identified through Alba's own drilling. This will change in the course of the current underground programme, as Alba expects to take bulk samples from new and unworked veins which have been identified through the Company's own exploration activities, and where the prospects for higher-grade mineralisation are therefore expected to be greater.” Conclusion: We await further information as the exploration programme at Clogau proceeds. Amur Minerals* ( LON:AMC ) 1.6p, Mkt Cap £22m – $6.1m secured from the sale of Nathan River convertible notes Amur Minerals is selling its wholly owned subsidiary Carlo Holdings Limited (CHL) for $6.1m. The subsidiary is holding a $4.7m secured convertible loan notes in Nathan River Resources that is ramping up production at the Roper Bar Iron Ore Project in Northern Territory in Australia. Essentially, the deal represents a buyback of the convertible loan in line with outstanding notes’ terms. The consideration of $6.1m represents the outstanding nominal of $4.7m as well as all coupon payments (14%pa) through to maturity of the loan note to August 2023. The sale proceeds add to existing cash balance of $2.8m and are intended to be used for the development of the flagship Kun Manie sulphide nickel/copper project in the Amur region, Russia. Conclusion: Bought back convertible loan notes provide $6.1m in cash proceeds as the Company secures upfront payment of the outstanding nominal and forfeited interest. While non-core, the transaction yielded good returns reflecting good timing of the investment as the Company acquired Nathan River convertible loan notes in August 2020 when iron ore prices were $120/t compared to the current of ~$210/t. *SP Angel act as Nomad and Broker to Amur Minerals   Condor Gold* ( LON:CNR ) 46p, Mkt Cap £61m – Infill drilling confirms approximately 60,000oz of gold within 35m of surface in La India Starter pits Condor Gold has now received final assay results from the infill drilling at its southern starter pit area at its La India mine development in Nicaragua. The infill drilling of 45 diamond drill holes spaced at 25m centres totalled 2,346m and shown that the two planned starter pits “contain approximately 447Kt at 4.17g/t gold for 59,672 oz contained gold within 35m of surface … [which] … will be targeted early for extraction”. The company reports that, at a 2g/t cut-off grade, extraction of the ore within the starter pits requires the removal of some 3mt of waste for an overall waste:ore stripping ratio of 6.8:1. The latest results include an intersection which is “just beneath the Starter Pit “averaging 6.26g/t gold over a true width of 8.1m from a depth of 38m in hole LIDC442 and which may “indicate the pit could push deeper”. Other results highlighted in today’s announcement include: An intersection of 5.8m true width at an average grade of 6/05g/t gold from a depth of 10.2m in hole LIDC448; and An intersection of 11.9m true width at an average grade of 2.36g/t gold from a depth of 7.1m in hole LIDC436. Chairman and CEO, Mark Child, commented that the latest results “add considerable confidence to the geological model, the mineral resource and mineral reserve calculations and the mine plan. The drill results strengthen the case for the Starter Pits, which are within 35 m of the surface and contain … 59,674 oz gold …to be mined early to quicken the payback period and enhance the Project's economics”. He also explained that “The starter pits sit within the main fully permitted La India open pit, which has a Mineral Reserve Estimate of 6.9Mt at 3.1 g/t gold for 675,000 oz gold”. The infill drilling included 21 holes (1,036m) within the Northern Starter Pit area, where “Condor is encouraged that the best infill diamond core drill intercepts are significantly better than the existing diamond core intercepts and that a high-grade RC drilling result has been verified with a similar diamond core intercept”. The additional detailed infill drilling should allow detailed pit and production planning for the initial shallow mining of the starter pits at La India helping to minimise unforeseen fluctuations in mill feed during the early part of the mine’s life. The recent drilling also opens up the possibility that the starter pits could extend deeper than originally envisaged with higher grade intersections recorded beneath the pit floor. Conclusion: Detailed infill drilling within the area of the planned starter pits at La India has shown around 60,000oz of gold within 35m of the surface at grades in excess of the average for the deposit as a whole. The drilling raises the possibility that the starter pits could extend deeper than originally planned and provides increased confidence in the early-stage production profile and in the wider geological and mineral resource model. We look forward to further news as the detailed plan develops. *SP Angel act as a broker to Condor Gold   Investors in Cornish Metals may find the recent BBC film on lithium mining of interest https://www.bbc.co.uk/news/av/science-environment-57688731. . *SP Angel act as Nomad and broker to Cornish Metals. The analyst holds shares in Cornish Metals. Glencore ( LON:GLEN ) 319p, Mkt cap £42bn – New Chairman announced Glencore announced this morning that Kalidas Madhavpeddi will take over as its new chairman at the end of the month, when Tony Hayward retires after eight years in the role. Madhavpeddi has over 40 years of experience in the mining industry including a stint running the international arm of China Molybdenum, one of China’s biggest mining groups. Kavango Resources ( LON:KAV ) 5.85p, Mkt cap £21.2m – KSZ update & £1.94m placing Kavango reports an expansion to its drilling programme in the Kalahari Suture Zone, with the company planning to drill a 550m borehole through Target B1, following completion of operations at Targets A2 & C1. Target B1 is 475m by 550m, with a conductance of approximately 8,200Siemens and decay constant estimated to be in excess of 350ms. The area roughly 12km from Target C1 and the company believes Target Area B is in a separate, distinct geological setting to the A-C corridor. The Company is in discussion with Equity Drilling & Mindea Exploration and Drilling Services to extend the current drill contract to include drilling a 550m borehole into B1, to retrieve core from the bottom of the "Norilsk-style keel" of the intrusive body. Spectral will undertake down-hole EM surveying on each of the drilled holes as soon as the drilling has been completed, with the company already completing eight TDEM surveys in the KSZ. With respect to the placing, Kavango has raised gross funds of £1.94m through the issue of 35,272,727 New Ordinary Shares at a price of 5.5p. A one-for-one warrant has been issued to all placing participants, exercisable at 8.5p per share for a period of two years. The Warrants are subject to an acceleration clause, whereby if the Company's shares close above 17p for 5 trading days, the Company may write to warrant holders at any time providing 10 working days' notice of accelerated exercise, with 10 working days thereafter for payment. Evolution of Chinese construction and implications for commodity demand: https://youtu.be/jB2nURL8uPw VOX Markets:  30/06/21: https://audioboom.com/posts/7896916-john-meyer-on-amur-bluejay-bluerock-bushveld-rambler-rainbow BBC:  Catalytic converters  https://www.bbc.co.uk/sounds/play/p09jl6c9 *SP Angel almost invariably acts as nomad or broker or nomad and broker to companies mentioned in the above videos and podcasts. We speak more about these companies as we have a good understanding of their business and can talk with a greater degree of confidence. As ever, however, it should be noted that our views do not take into account the circumstances and needs of any particular investor or investor type. So enjoy the talks, but please do your own research, including other companies not mentioned by us but operating in the same areas, and get professional advice where appropriate. No.1 in Copper:  “The winner of the 2020 Fastmarkets Apex contest for copper was the team at SP Angel comprising John Meyer, Sergey Raevskiy and Simon Beardsmore, with an  accuracy score of 93.8%” No1. In Gold:  “SP Angel’s trio took the top spot for the gold price prediction throughout the year, with an accuracy score of 97.59%” The SP Angel team also ranked 1st in Palladium, 3rd in Tin and 5th in Silver in the fourth quarter of 2020

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Expert Collections containing Phinergy

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Phinergy is included in 3 Expert Collections, including Rechargeable Batteries.

R

Rechargeable Batteries

213 items

This collection includes electric vehicle batteries, batteries to store energy in, and consumer electronics.

E

Energy Storage

689 items

This collection includes large and small energy storage technology, from grid-scale molten salt containers to small, thin-film lithium-ion batteries.

E

Electric Vehicle Technology

719 items

Companies developing battery electric vehicles (BEVs) and fuel cell vehicles (FCEVs) as well as companies working on improvements to battery design, building out charging infrastructure, and launching EV sharing services to help accelerate adoption.

Phinergy Patents

Phinergy has filed 31 patents.

The 3 most popular patent topics include:

  • Fuel cells
  • Electrochemistry
  • Battery types
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8/17/2021

Rechargeable batteries, Battery types, Battery (electricity), Lithium-ion batteries, Portable electronics

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