IndianOil  partners with Israeli firm for aluminium-air systems
OIL & GAS

IndianOil partners with Israeli firm for aluminium-air systems

Indian Oil Corporation Ltd (IOCL) has inked a pact with Israeli start-up company Phinergy, specialising in hybrid lithium-ion and Aluminium-Air and Zinc-Air battery systems, to form IOC Phinergy Private Ltd.

The joint venture (JV) will manufacture Aluminium-Air (Al-Ai) systems in India based on the domestic availability of aluminium and recycle aluminium for energy use.

Indian automobile manufacturers—Maruti Suzuki and Ashok Leyland already signed a letter of intent (LOI) with the newly incorporated JV IOC Phinergy Ltd for the country's e-mobility infrastructure.

The JV between Indian Oil and Phinergy for commercialising Aluminum-Air technology is a technology-driven Energy Transition.

India has been looking for a breakthrough in storage technology-batteries that are compact, cheaper, lighter and have higher energy density. According to Indian Oil, Al-Ai technology can address challenges in the e-mobility sector in the Indian market.

Al-Ai technology applications include energy backup for critical sites, range extension for electric vehicles, or low-cost renewable energy storage.

Phinergy is an Israeli start-up company developing unique metal-air technology, turning metals such as aluminium and zinc into a modern way to store, transport and generate clean and safe energy.

Image Source


Also read: IndianOil to start mega ethanol plants in Telugu states

Indian Oil Corporation Ltd (IOCL) has inked a pact with Israeli start-up company Phinergy, specialising in hybrid lithium-ion and Aluminium-Air and Zinc-Air battery systems, to form IOC Phinergy Private Ltd. The joint venture (JV) will manufacture Aluminium-Air (Al-Ai) systems in India based on the domestic availability of aluminium and recycle aluminium for energy use. Indian automobile manufacturers—Maruti Suzuki and Ashok Leyland already signed a letter of intent (LOI) with the newly incorporated JV IOC Phinergy Ltd for the country's e-mobility infrastructure. The JV between Indian Oil and Phinergy for commercialising Aluminum-Air technology is a technology-driven Energy Transition. India has been looking for a breakthrough in storage technology-batteries that are compact, cheaper, lighter and have higher energy density. According to Indian Oil, Al-Ai technology can address challenges in the e-mobility sector in the Indian market. Al-Ai technology applications include energy backup for critical sites, range extension for electric vehicles, or low-cost renewable energy storage. Phinergy is an Israeli start-up company developing unique metal-air technology, turning metals such as aluminium and zinc into a modern way to store, transport and generate clean and safe energy. Image Source Also read: IndianOil to start mega ethanol plants in Telugu states

Next Story
Infrastructure Urban

Andhra Pradesh to Develop 30,000 Women-Led Enterprises by 2025

The Municipal Administration and Urban Development (MAUD) Department is accelerating efforts to create sustainable livelihoods for women in urban areas, in line with Chief Minister Nara Chandrababu Naidu’s goal of fostering one lakh women entrepreneurs by 2025. Under this initiative, the MAUD Department has set a target to establish 30,000 women-led enterprises across towns and cities in Andhra Pradesh. To support this vision, the department plans to establish Micro, Small & Medium Enterprises (MSMEs) for women in TIDCO housing complexes. Vacant plots across 163 colonies have been earmarked ..

Next Story
Infrastructure Energy

G Kishan Reddy discusses mining expansion, clearances with Chhattisgarh CM

Coal and Mines Minister G Kishan Reddy met Chhattisgarh CM Vishnu Deo Sai on Friday to expedite land acquisition and environmental clearances for mining projects. Reddy, who was on a two-day visit to review operations at South Eastern Coalfields Ltd (SECL), discussed measures to boost mining-led economic growth in the state. Key topics included speeding up land acquisition for mine expansions, obtaining quicker environmental approvals, and setting up integrated rehabilitation and resettlement sites. The minister also highlighted the importance of developing critical minerals in the region, alo..

Next Story
Infrastructure Urban

NITI Aayog's Vision for India's Auto Industry

NITI Aayog has launched the report titled "Automotive Industry: Powering India’s Participation in Global Value Chains," offering a roadmap for the country’s automotive future. Released by Shri Suman Bery, Vice Chairman, the report outlines key strategies to grow India’s automotive sector to $145 bn in component production by 2030. India is currently the fourth-largest automobile producer globally, but with only a modest three per cent share in the global automotive component market. The report emphasises the need to strengthen India’s position through competitive manufacturing, skill d..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?