Hindalco signs MoU with Israeli firm, IOC joint venture to work towards decarbonising mobility
The Hindu
Firms will develop Aluminium-air batteries for EVs and for energy storage
Hindalco Industries Ltd. of the Aditya Birla Group said it has signed an MoU with Phinergy, an Israel-based metal-air battery technology company, and IOC Phinergy Private Ltd. (IOP), a joint venture between Phinergy and Indian Oil Corporation for development of Aluminium-air batteries for electric vehicles (EVs) and for energy storage.
As per the MOU, Phinergy and IOP will partner exclusively with Hindalco in India, on R&D and pilot production of aluminium plates for Aluminium-air batteries, and recycling of aluminium, after usage in these batteries, Hindalco said in a statement.
In the Aluminium-air battery, developed by Phinergy, energy is released when aluminium reacts with oxygen in ambient air to produce aluminium hydroxide.
Due to its light weight and high energy density, an Aluminium-Air battery significantly increases the driving range of electric vehicles.
It also enables quick ‘refuelling’ and eliminates the need for expensive nationwide charging networks.
“Aluminium-air batteries are expected to make EV adoption more convenient, and accelerate the transition to zero emission mobility,” Hindalco said.
An added benefit is that aluminium hydroxide in the battery can be recycled to recover aluminium. The leading automobile manufacturers in India are currently testing the technology, it added.
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