Hindalco Industries Limited has signed a memorandum of understanding (MoU) with Israel-based companies Phinergy and IOC Phinergy Private Limited (IOP)to produce aluminium-air batteries for electric vehicles (EVs) and energy storage.
IOP is a joint venture between Phinergy and Indian Oil Corporation Limited. In India, Phinergy and IOP will work exclusively with Hindalco on research and development activities and pilot manufacturing of aluminium plates for aluminum-air batteries, as well as aluminium recycling after use in these batteries. The driving range of EVs is strengthened by an aluminium-air battery, as it is lightweight and has a high energy density. It will also enable fast recharging of batteries. Aluminium-air batteries are projected to make EV adoption easier while also accelerating the transition to zero-emission mobility.