The Indian state-run petroleum marketing company Indian Oil Corporation and Israeli company specialising in aluminium-air and zinc-air battery systems for electric vehicles company, Phinergy, have already announced their joint venture “IOC- Phinergy”.
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The Israeli-Indian JV will engage in research and development, production, assembly, sale and service in the field of aluminium-air energy-based systems and technologies. The newly build organisation, among other things, will support the partners enter into collaborations with OEMs, telecom companies, aluminium manufacturers and further cooperation with Indian Oil for the use of its fuel stations as aluminium exchange service stations. The company is expected to reach the commercial production stage for the car energy system by 2024.
However, it has been revealed that two Indian automakers to sign the letters of intent with IOC Phinergy. One is Maruti Suzuki, the leader in the passenger vehicle and the other is a commercial vehicle major, Ashok Leyland. Although, it is known that in January 2018, Ashok Leyland signed an agreement with Phinergy to explore the potentiality of using Al-Air batteries for commercial vehicles.
The aluminium-air technology of Phinergy’s enables the storage, transport and discharge of clean energy globally. The aluminium-air systems produce energy by homogenizing aluminium, oxygen, and water. Oxygen is a vital reactant releasing energy from metal. Distinctively conventional batteries that carry oxygen within a heavy electrode, metal-air energy systems freely breathe oxygen from ambient air, making the systems significantly lighter. The metal-air batteries are said to match the performance of traditional fuel, it can be refilled in just 5 minutes, require light-infrastructure, are weather-proof and most importantly lower the cost of EVs.
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