Company Overview
Snapshot
Founded in September 2015 by Shay Cohen, Joshua Mesinger, and Or Yogen, SWAP Technologies operated with 1–10 employees. The company raised $800,000 across one funding round. In September 2020, SWAP Technologies ceased to operate.
Business overview
SWAP Technologies developed an energy storage system designed to meet power demand, particularly during peak hours. The system utilizes air pressure to store and generate power, employing liquid pistons to displace water against pressurized air or through a water pump. This technology aims to provide high economic gains by dispatching power between peak and off-peak times. The company's product offers advantages such as low cost per KWh, efficient space utilization, modularity, high round-trip efficiency, and an unlimited number of cycles, serving the Energy Tech sector with a focus on Energy Management & Grid Integration for utilities, specifically in electricity.
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- What is SWAP Technologies' primary focus?
- SWAP Technologies focuses on developing energy storage systems that utilize air pressure to store and generate power, aiming to meet electricity demand during peak hours and provide economic gains through efficient power dispatch.
- When was SWAP Technologies founded?
- SWAP Technologies was founded in September 2015.
- Who are the founders of SWAP Technologies?
- The co-founders of SWAP Technologies are Shay Cohen, Joshua Mesinger, and Or Yogen.
- What is the status of SWAP Technologies?
- SWAP Technologies is currently non-active, having ceased to operate in September 2020.
- How much capital did SWAP Technologies raise?
- SWAP Technologies raised a total of $800,000 across one funding round. This included an undisclosed grant from the Israel Innovation Authority.