Phinergy’s core technology centers on metal-air batteries, including aluminum-air cells that use aluminum anodes and ambient oxygen cathodes to deliver up to 1,000-mile EV range with water replenishment, and zinc-air systems for grid-scale storage. Their battery management systems optimize performance, ensure safety, and enhance longevity, reducing infrastructure needs and charging times compared to conventional batteries.
Key products include aluminum-air batteries for EVs (up to 1,000-mile range, high energy density, lightweight), zinc-air batteries for renewable grid storage (cost-effective, high capacity), and integrated battery management systems that optimize performance and reliability across applications.
In 2024 Indian Oil Corporation increased its stake to 17%; in 2023 Phinergy launched an automated production facility with 10,000 backup systems annual capacity; in 2023 its systems prevented cellular network failures during a crisis; and a deployment agreement with Indus Towers supplies 300 energy backup systems.
Phinergy has secured investments from Indian Oil Corporation (totaling $25M, including $12.5M in 2024), Doral Energy-Tech Ventures, and Arconic. The company completed its IPO on the Tel Aviv Stock Exchange in 2021.
