Airengy

Company Overview

Snapshot

Founded in November 2012 by Or Yogev, Airengy operates with 11–50 employees. The company has raised over $114.61M across 6 funding rounds from 5 investors. In February 2026, the company changed its name from Augwind to Airengy.

Business overview

Airengy develops advanced underground air compression, storage, and expansion technology designed for long-duration energy storage and efficient industrial compressed air systems. Its flagship AirBattery solution offers a sustainable alternative to traditional fossil fuel-based power plants, utilizing a closed-loop system of air and water to enable multiday energy storage, crucial for integrating renewable energy sources into the grid. For industrial applications, Airengy's compression technology provides an energy-efficient alternative to conventional air compressors, helping businesses reduce energy consumption and achieve ESG objectives. The company operates within the Energy Tech and Industrial Technologies sectors, focusing on energy management, grid integration, and operational optimization solutions.

Strategic signal

In April 2026, Airengy announced its move into solar EPC by acquiring a majority stake in a solar energy company, signaling a strategic expansion beyond its core compressed air energy storage. This development indicates the company's ambition to become a more comprehensive player in the renewable energy sector, offering integrated solutions that combine its storage technology with solar generation. This diversification could enhance its market reach and provide a more robust offering to clients seeking end-to-end sustainable energy solutions, positioning Airengy for broader growth in the energy transition market.

Company Intelligence Q&A

What was a significant recent strategic move by Airengy?

In April 2026, Airengy announced its intention to examine the acquisition of a hybrid portfolio in Poland, indicating a potential expansion of its market presence and technology offerings in the European renewable energy sector.

What was a key development for Airengy in Germany?

In July 2025, Airengy unveiled its commercial AirBattery in Germany, marking a significant step in the international deployment of its long-duration energy storage technology.

What was a notable corporate change for the company?

In February 2026, Augwind officially changed its name to Airengy, reflecting a strategic rebranding for the company.

What was a key leadership appointment for Airengy?

In November 2024, Airengy (then Augwind) appointed Oren Helman as a new board member, strengthening its governance and strategic oversight.

What was a significant funding event for Airengy?

In December 2021, Airengy received funding from investors including Meitav Dash Loans.