SWAP Technologies
Energy Storage Systems
Company Overview
Snapshot
Founded in September 2015 by Shay Cohen, Joshua Mesinger, and Or Yogen, SWAP Technologies operates with 1–10 employees. The company has raised $800,000 across one funding round from one investor. In September 2020, SWAP Technologies ceased operations.
Business overview
SWAP Technologies develops energy storage systems designed to meet power demand during peak hours. Its core product utilizes air pressure to store and generate power, employing a system of water and air tanks connected to a hydro power turbine. This technology aims to provide economical gains by dispatching power between peak and off-peak times. The company serves markets within the Energy Tech sector, specifically focusing on energy management and grid integration, and targets the utilities and electricity industries with its B2B and B2G business models.
Company Intelligence Q&A
- What is SWAP Technologies' primary focus?
- SWAP Technologies focuses on developing energy storage systems capable of meeting power demands, particularly during peak hours, by dispatching power between peak and off-peak times.
- 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 and ceased to operate in September 2020.
- What is the core technology behind SWAP Technologies' product?
- SWAP Technologies' product uses air pressure to store and generate power, involving a system of water and air tanks connected via feed pipes to a hydro power turbine.