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IndianOil

Fossil fuel giant IndianOil buys into energy storage industry with share boost in metal-air firm Phinergy

Thu, 02/06/2020 - 16:16 -- paul Crompton

Government owned IndianOil has upped its stake in Israel metal-air battery company Phinergy as the fossil fuel firm looks to “embrace emerging alternatives”.

Both companies are in the process of forming a joint venture in India for collaboration on aluminium-air battery system for e-mobility and stationary applications.

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IndianOil in aluminium-air battery tech tie-up

Mon, 01/22/2018 - 12:20 -- Xuan Zhong
IndianOil in aluminium-air battery tech tie-up

India’s state-owned IndianOil Corporation has signed energy technology tie-up deals with Israeli companies— including one developing aluminium-air battery systems.

New Delhi-headquartered IndianOil signed letters of intent with startup Phinergy and the Yeda Research and Development Company, a technology transfer company, in Israel, last week.

 

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