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15 JUNE 2021 AL CIRCLE

Phinergy selected as Technology Pioneer by World Economic Forum

EDITED BY : HEENA IQBAL 2MINS READ

Phinergy has received "Technology Pioneers” award from World Economic Forum. The company’s CEO, David Mayer, will now participate at World Economic Forum activities, events and discussions throughout the year.

Phinergy will also be part of Forum initiatives over the next two years, working with global leaders to help address key industry and societal issues.

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The company’s technology, which originated at Bar-Ilan University in Israel, provides a clean, affordable way to extract the energy contained in metals such as aluminium and zinc. It is used for critical infrastructure (telecom sites, data centres, commercial and industrial centres), range extension and fast charging for electric vehicles, and low-cost storage for renewable solar and wind energy.

"We're excited to welcome Phinergy to our 2021 cohort of Technology Pioneers," said Susan Nesbitt, Head of the Global Innovators Community, World Economic Forum. Phinergy and its fellow pioneers are developing technologies that can help society solve some of its most pressing issues. We look forward to their contribution to the World Economic Forum in its commitment to improving the state of the world."

"It is a great honor to be recognized as a Technology Pioneer by the WEF and join this group of world-changing companies," said Phinergy's CEO, David Mayer. "Phinergy's unique metal-air technology provides a clean and affordable way to extract the energy contained in highly abundant metals such as aluminum and zinc. Through our technology, these natural resources become fully recyclable energy carriers. Our clean energy systems have been tested and deployed for various applications – telecommunications, data centers, electric vehicles and renewable energy storage – and we believe metal-air technology will play a key role in the global energy transition and in shaping the future of energy. We look forward to contributing to the Forum dialogues around these challenges."

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Phinergy was selected among hundreds of candidates as one of the WEF's "Technology Pioneers". 

Phinergy recently partnered with Indian Oil Corporation (IOCL) for the deployment of aluminium-air technology in India, leveraging IOCL's network of 30,000 service stations for supplying aluminium as a clean source of energy.


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EDITED BY : HEENA IQBAL 2MINS READ

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