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phinergy.com

Stage

IPO | IPO

Total Raised

$50M

Date of IPO

2/4/2021

Market Cap

0.36B

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 Headquarters Location

Israel

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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 2 Expert Collections, including Energy Storage.

E

Energy Storage

1,156 items

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

A

Auto & Mobility Tech

1,290 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 38 patents.

The 3 most popular patent topics include:

  • Electrochemistry
  • Fuel cells
  • Vacuum tubes
patents chart

Application Date

Grant Date

Title

Related Topics

Status

11/13/2018

8/16/2022

Electrochemistry, Sodium compounds, Vacuum tubes, Chemical processes, Fuel cells

Grant

Application Date

11/13/2018

Grant Date

8/16/2022

Title

Related Topics

Electrochemistry, Sodium compounds, Vacuum tubes, Chemical processes, Fuel cells

Status

Grant

Latest Phinergy News

Hindalco, Phinergy and IOP join forces to make aluminium-air batteries for EVs and energy storage

Jul 19, 2022

Hindalco Industries, Aditya Birla Group’s metals flagship, has signed an MoU with Phinergy, the leading Israel-based pioneer in metal-air battery technology, and IOC Phinergy (IOP), a joint venture between Phinergy and India's leading energy PSU Indian Oil Corporation. As per the MOU, Phinergy and IOP will partner exclusively with Hindalco in India, on R&D and pilot production of aluminium plates for aluminium-air batteries, and recycling of aluminium, after usage in these batteries. In the Aluminium-Air battery, developed by Phinergy, energy is released when aluminium reacts with oxygen in ambient air to produce aluminium hydroxide. Due to its light weight and high energy density, an Aluminium-Air battery significantly increases the driving range of Electric Vehicles. It also enables quick ‘refuelling’ and eliminates the need for expensive nationwide charging networks. Aluminium-air batteries are expected to make EV adoption more convenient, and accelerate the transition to zero emission mobility. An added benefit is that aluminium hydroxide in the battery can be recycled to recover aluminium. The leading automobile manufacturers in India are currently testing the technology. Speaking about the partnership, Satish Pai, MD, Hindalco Industries said, “Climate action is integral to our business and our partnership with Phinergy and IOP is a significant step towards decarbonising mobility. The partnership is also a testament to Hindalco’s globally recognised capabilities in innovation and R&D and we are happy to contribute to the development of the Aluminium-Air battery. India has an abundance of aluminium resources and this technology can help enhance the nation’s energy and resource security.” David Mayer, CEO, Phinergy, said, “Phinergy strongly believes Aluminium-Air batteries will contribute to the clean energy revolution in India. The partnership with Hindalco, a global aluminium industry leader, is a major step in the deployment of Aluminium-Air batteries in India and we are confident this collaboration will significantly enhance the development of an ecosystem enabling to supply “aluminium as energy” made in India. “ Sanjeev Gupta, Chairman, IOP, said, "IOP was incorporated with the objective of commercialisation and manufacturing of Aluminium-Air energy systems in India to strengthen India's energy security. Aluminium is abundantly available in India and its usage as an energy storage medium through this novel technology has the potential to contribute immensely to Atmanirbhar Bharat. This partnership with Hindalco is a big step towards catalysing our efforts to develop a favourable ecosystem for faster dissemination of the Aluminium-Air battery technology. The collaboration will propel India's aspirational journey towards sustainable, affordable and safe energy options for stationary and e-Mobility purposes". The EV market, which would be the primary segment for Aluminium-Air batteries, is projected to achieve cumulative sales of 80 million units by 2030, according to a joint report by the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety, and NITI Aayog. Aluminium-Air batteries offer a viable alternative to other battery chemistries and will boost the domestic manufacturing of batteries to meet India’s growing demand for energy storage. It may be recollected that in January 2021, Autocar Professional had broken the news that the IOCL and Phinergy have been  testing the al-air batteries in Mahindra Treo  electric three-wheeler. All images courtesy: Phinergy

Phinergy Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
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Phinergy Rank

  • What is Phinergy's latest funding round?

    Phinergy's latest funding round is IPO.

  • How much did Phinergy raise?

    Phinergy raised a total of $50M.

  • Who are the investors of Phinergy?

    Investors of Phinergy include IndianOil and Arconic.

  • Who are Phinergy's competitors?

    Competitors of Phinergy include Powerit.

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