Two years ago, Indian Oil Corporation ( IOC ) - owned by GOI - signed an MOU with Israeli company PHINERGY, for development of Aluminium-Air Batteries , as a very cost-effective alternative to Lithium-Ion batteries
This week, IOC purchased a small equity stake in Phinergy , to push the project
Alu-Air batteries have many advantages over Lithium-ion batteries, such as :
> 60 % cheaper
> 4-5 times more powerful
> Locally available raw material
To know about its other advantages, read :
https://lnkd.in/faTwxZr
A PM with “ Inside Information “ ?
https://lnkd.in/faTwxZr
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