Tuesday, July 8, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Manufacturing

Indo-Israeli JV to make Aluminum-Air systems in India

Fiinews by Fiinews
March 18, 2021
in Manufacturing, Technology
Reading Time: 2 mins read
A A
0
PHINERGY
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

IOC Phinergy intends to develop fuel cells

Phinergy, an Israeli start-up company specializing in hybrid lithium-ion and aluminium-air/zinc-air battery systems has formed a joint venture with Indian Oil Corp Ltd to manufacture Aluminum-Air systems in India based on domestically available aluminum.

The Indo-Israeli JV, IOC Phinergy Limited, also intends to develop fuel cells and indigenous hydrogen storage solutions for promoting green mobility, said the Petroleum and Natural Gas Ministry in a release on 17 Mar 2021.

In a significant boost to India’s pursuit of e-mobility, two of the leading Automotive manufactures in India, Maruti Suzuki and Ashok Leyland, have signed Letters of Intent (LOI) with the newly incorporated JV.

Speaking on the JV signing occasion, Petroleum and Natural Gas Minister Dharmendra Pradhan said, “Energy is integral to support our fast-growing Indian economy and its ambitions.”

The technology to develop indigenous batteries using locally available Aluminum fits into the energy vision of India as espoused by Prime Minister Narendra Modi, wherein he has given a clear call for increasing contribution of electricity to decarbonize mobility, said Pradhan.

Israel Energy Minister Dr. Yuval Steinitz added, “We have been looking to provide clean energy to India using technology that is made in Israel. This has been a big dream and the dream is becoming a reality today with the signing of these agreements. I am sure that we are going to succeed with the help of all stakeholders.”

The collaboration between IndianOil and Phinenergy marks yet another substantive step towards the collaboration between the two countries in the Energy sector. It was initiated during Prime Minister Modi’s visit to Israel in July 2017. #manufacturing #investment #energy #OPEC #startup #technology /fiinews.com

Tags: Indian Oil Corp Ltd
ShareTweetShare

Related Posts

PIB
Technology

Tech: Every Indian stakeholder in bioeconomy

by Fiinews
July 8, 2025
0
18

Biotechnology ecosystem has grown to nearly 11,000 startups Science & Technology Minister Dr Jitendra Singh has called for a wider...

Dr Chinmay Hegde
Technology

Tech: S!aP Cognus platform launched

by Fiinews
July 7, 2025
0
23

Bulusu sees increasing demands on data centres With the exponential growth of data and cloud infrastructure, enterprises need intelligent, AI-driven...

FICCI

Manufacturing: Framework on Drones by Sep-Oct

July 6, 2025
16
Air Liquide

Manufacturing: Air Liquide builds ASU-CFS

July 5, 2025
13
MTI

Tech: TCS to be part of Singapore Smart Nation

July 5, 2025
22
NITI Aayog

Manufacturing: India’s chemical sector faces challenges

July 5, 2025
21
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Project: ACEN-UPC start work on solar-wind farms
  • Tech: Every Indian stakeholder in bioeconomy
  • Project: PM wants urgent reform of UN, IMF, WB, WTO
  • Tender: Govt’s Rs.5,000cr plans for Northeast
  • Tech: S!aP Cognus platform launched

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.