IndianOil and Phinergy, Israel forms JV to boost India's e-mobility aspirations
New Delhi, March 17 -- New Delhi, March 17, 2021 : In the presence of the Union Minister of Petroleum and Natural Gas & Steel Dharmendra Pradhan, and the Minister of Energy of Israel, Dr. Yuval Steinitz, Indian Oil Corporation Limited today entered into a collaboration with Phinergy, an Israeli start-up company specializing in hybrid lithium-ion and aluminium-air/zinc-air battery systems, to form IOC Phinergy Private Limited. The joint venture will manufacture Aluminum-Air systems in India to boost India's flagship programme - "Make in India" and recycle used Aluminum to strengthen India's energy security. The new Indo-Israeli JV also intends to develop fuel cells and indigenous hydrogen storage solutions for promoting green mobility. In ...
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