Phinergy

Company Overview

Snapshot

Founded in November 2009 by Aviv Tzidon and Dekel Tzidon, Phinergy operates with 11–50 employees. The company has raised a total of $144 million across 5 funding rounds from 5 investors. Phinergy went public on the TASE in February 2021.

Business overview

Phinergy develops advanced metal-air technology, utilizing aluminum and zinc to create clean and safe energy storage and generation systems. Its aluminum-air technology provides a recyclable, cost-efficient energy source for applications such as energy backup for critical sites, distributed generation for microgrids, and range extenders for electric vehicles. The company's zinc-air technology offers high-capacity, low-cost, grid-scale energy storage solutions for intermittent renewable sources like wind and solar. Phinergy serves markets including automotive, telecommunications, and critical infrastructure, operating within the Energy Tech sector.

Strategic signal

In October 2025, Phinergy's aluminum-air technology was selected for testing as backup power for data centers by the Net Zero consortium, led by Google and Microsoft. This collaboration signals significant validation of Phinergy's technology for critical infrastructure and highlights its potential to provide zero-emission alternatives to traditional diesel generators, positioning the company for substantial growth in the data center and clean energy markets.

Company Intelligence Q&A

What was a significant recent partnership for Phinergy?

In October 2025, Phinergy teamed up with Google and Microsoft as part of the Net Zero consortium to test its aluminum-air technology for data center backup power, aiming to provide a zero-emission alternative.

What was the outcome of Phinergy's IPO?

Phinergy went public on the TASE in February 2021, raising NIS 200 million (approximately $60 million USD at the time) at a valuation of NIS 980 million.

Did Phinergy recently complete a pilot program?

In March 2024, Phinergy successfully completed a pilot program with Vantage Towers, demonstrating its energy solutions.

What was a key investment in Phinergy in early 2024?

In February 2024, Indian Oil Corporation completed a follow-on investment in Phinergy, increasing its holding in the company to 17%.

What strategic partnership did Phinergy form in the Indian market?

In September 2023, Phinergy entered into a pact with Indus Towers and Indian Oil Corporation for the deployment of clean energy systems based on its aluminum-air technology, focusing on electric vehicle range extension across India.