Airengy
Energy-Efficient Compressed Air and Storage Solutions for Industry
Company Overview
Snapshot
Founded in November 2012, Airengy operates with 11–50 employees and has raised a total of $114.61M across six funding rounds from five investors. The company went public on TASE in December 2019.
Business overview
Airengy develops advanced underground air compression, storage, and expansion technology, focusing on long-duration energy storage and efficient industrial compressed air systems. Its core product, AirBattery, offers a sustainable alternative to fossil fuel-based power plants by utilizing a closed-loop air and water system for multiday energy storage, supporting renewable energy integration. For industrial applications, Airengy's compression technology provides an energy-efficient solution to reduce costs and meet ESG objectives. The company operates within the Energy Tech and Industrial Technologies sectors, serving markets such as Israel, the United States, Germany, and Italy.
Strategic signal
In February 2026, Augwind officially changed its name to Airengy, signaling a strategic rebranding effort to better align with its core focus on energy-efficient compressed air and storage solutions. This name change, following the unveiling of its commercial AirBattery in Germany in July 2025, indicates a renewed market positioning and a push towards broader international recognition and adoption of its innovative energy technologies.
Log in to access full profile ›Company Intelligence Q&A
- When did Airengy go public?
- Airengy went public on the TASE in December 2019.
- What was a significant recent strategic move by Airengy?
- In April 2026, Airengy announced its move into solar EPC by acquiring a majority stake in a deal, indicating a strategic expansion beyond its core energy storage solutions.
- What is Airengy's AirBattery product?
- Airengy's AirBattery is a grid-scale multiday energy storage technology that uses cost-effective geological storage with efficient isothermal air compression and expansion, employing a liquid piston process with water pumps and heat exchange to provide backup power for decarbonized grids.
- What was a key development for Airengy in Germany?
- In July 2025, Airengy unveiled its commercial AirBattery in Germany, marking a significant step in its international market expansion.
- Did Airengy receive any grants?
- In March 2020, Airengy received a grant from the Israeli Ministry of Energy.