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Phinergy
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Short description

Developer of high energy density energy storage systems based on metal-air battery technologies

Founded in 2008
Founded in

Company type Public Public (PNRG)
Company type

Industry Group energy & power

Sector energy storage

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Israel Lod, Israel
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Updated by Cleantech Group on 02/08/2021

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Date Company
Partnerships
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Date Partner Type
02/05/2014
Alcoa Alcoa
Alcoa and Phinergy have entered into a joint development agreement to further develop Phinergy's aluminum-air batteries.
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Confirmed by Alcoa
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Investment Rounds
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IPO INFORMATION

Date

02/04/2021

IPO status

Listed

IPO Type

IPO

Amount

$60M

Initial shares

Ticker symbol

PNRG

Exchange listed

TASE

Prospectus URL

Prospectus

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Description

The company raised NIS 200 million ($60 million) in the IPO, at a NIS 780 million ($237 million) pre-money valuation. The company is expected to start listing in the course of next week under the ticker symbol PNRG.

Date Investors Type Amount
01/07/2016 Alcoa Alcoa (1)
Post-money valuation of
Series A $50,000,000
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