Phinergy which develops metal-air technology that allows electricity to be generated from metals (aluminium and zinc) using oxygen from ambient air, has reported that the joint company under the ownership of Israeli company Phinergy and Indian energy major Indian Oil Corporation (IOC) have signed two Letters of Intent with Ashok Leyland and Maruti Suzuki India Limited, two Indian…
Indian Oil Corporation has announced that the company has firmed up its equity participation in Phinergy for the production of metal-air batteries. The company has taken a minority equity stake in Phinergy (Israel). Phinergy specialises in aluminium-air (Al-Air) and zinc-air battery systems that have great potential applications in electric mobility and stationary applications. IndianOil’s collaboration…