Indian Oil-Phinergy JV partners Maruti Suzuki and Ashok Leyland for aluminium-air battery pilot

State-run oil marketing company Indian Oil Corporation and Israel’s Phinergy, a company specialising in aluminium-air (Al-Air) and zinc-air battery systems for electric vehicles, are building upon their relationship and have announced the setting up of a joint-venture christened IOC Phinergy in India.

IOC Phinergy will engage in research and development, production, assembly, sale and service in the field of aluminium-air energy-based systems and technologies. The new entity, among other things, will help 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 commercial production stage for the car energy system by 2024.

It is reliably learnt that the two Indian automakers to sign the letters of intent ith IOC Phinergy are passenger vehicle market leader Maruti Suzuki India and commercial vehicle major Ashok Leyland. As is known, in January 2018, Ashok Leyland inked a tie-up with Phinergy to explore the potential of using Al-Air batteries for commercial vehicles.

Phinergy’s aluminium-air technology enables storage, transport and discharge of clean energy around the world. The aluminium-air systems produce energy by combining aluminium, oxygen, and water. Oxygen is a key reactant releasing energy from metal. Unlike 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, can be refilled in just 5 minutes, require light-infrastructure, are weather-proof and most importantly lower the cost of EVs. 

It maybe recollected that in January 2021, Autocar Professional had broken the news that the IOCL and Phinergy have been testing the al-air batteries in Mahindra Treo electric three-wheeler. 

Phinergy’s air-electrode technology has enabled it to master the metal-air reaction process and develop an aluminium-air system with a lifespan of thousands of working hours, relieving the main constraints of electric transportation and clean distributed generation.