{"_id":"agxzfmlsbGlzdHNpdGVyGAsSC05ld19Db21wYW55GICA4LvMysEJDA","lastupdate":"2024-06-30T00:00:00.000Z","update_date":"2024-06-30T00:00:00.000Z","lastModified":"Jun 30, 2024","active":1,"confidence_score":89,"confidence_score_reason":"video or image, markets, not claimed","urlname":"storage-drop","minimal_profile":null,"status":"Public","fullstatus":"Public on TASE on Mar, 2021<br>","acquired":0,"hide_reason":null,"hide_reason_data":null,"hide_reasons":[{"id":"8257rxn4P8EFQOmS5hAAauHyYMhhxrA5u6yWX4XUShpybX3AMNo3Y9","reason":"Pending approval - External entity"},{"id":"aOIaOiiqfpA8UMw6VCTh8ueRmkG3lzDy1NGqEOaJbe11OrCzMTCCd6","reason":"The company is a service provider"},{"id":"ddgjKuc3GgH8E5UehSVJviRl471BCajL1plO8HtGoOojy2NivYqQ7x","reason":"Owner asked to delete"},{"id":"EjOKM211H1ira9J63oaGPuUxvr7Oba55TZo3NWsFO5uhbNu7o4x4zD","reason":"The company is not Israeli"},{"id":"J7fQJtnT3GdWWSE3MD8rzaW65LJ4jEIKxSZnneQiReONdZjG3zIqWe","reason":"Owner asked to hide in the meantime"},{"id":"NxlAC3ReFb5ksiYNLp2FnUyluoJzwRCYfcF7xpTZaPM53SdWQ5kv0B","reason":"Pending approval"},{"id":"RhC1tlwXzioK0MfzBII3H2wepEfQOfKVktmdwqeqTJjGi3ZaBWUqZo","reason":"The company is not innovative"},{"id":"S0Ed46vNI6vZYVxLedANWGjas23K6hY0QdsCtiGYL7lshqIEdLV3sA","reason":"The company ceased operations in Israel"},{"id":"VTANq7bEvlsEcPjp0ghelXfShaCosgndONGjgU730aAOxXtaDIF5j3","reason":"This is a product of an existing company"}],"type":"Startup","logokey":"$FE04UllTDYxVT3hXWKwiupxhCDh5aajjgQAkeyTuO5xHhuwt3XWhrl","name":"Storage Drop","oneliner":"Renewable Energy Storage Solutions","registrar":"516297736","website":"https://storagedrop.co.il/","careerspage":"","founded_month":12,"founded_year":2020,"formernames":[],"sociallinks":{"twitter":"","youtube":"","facebook":"","linkedin":"https://www.linkedin.com/company/71742315","instagram":""},"social":["https://www.linkedin.com/company/71742315"],"flattenedsociallinks":"https://www.linkedin.com/company/71742315","apps":{"appstore":"","googleplay":""},"is_claimed_by_owner":null,"employees":"1-10","employees_exact":9,"patent":1,"raised":2090000,"stage":"Public","public_stage":"Public","primary_sector_key":"agxzfmlsbGlzdHNpdGVyJAsSF0Jhc2VDbGFzc2lmaWNhdGlvbk1vZGVsGICA4Ifev64KDA","primary_sector":"Energy Tech","alternativenames":["StorageDrop"],"about":"Storage Drop develops advanced technology for long-duration renewable energy storage, with a focus on storage solutions that bridge the gap between the availability of energy from natural resources and the time that it is used. The company’s cost-effective renewable energy storage systems are designed to maximize profitability for solar and wind producers and HVAC applications.\n\nStorage Drop is developing an underground vessel created for high pressure and large volumes that will function as compressed-air energy storage for producing electricity in renewable energy installations such as photovoltaic fields, as well as HVAC thermal energy storage for supplying buildings with cooling and air conditioning.","climatetech_description":null,"is_climatetech_relevant":null,"phone":"+972774008515","country":null,"address":{"israeli":[{"id":"5caf8c35-379b-4748-92da-17a4867b3ddd","city":"Rehovot","type":null,"address":"Eli Horovitz Street 11, Rehovot, Israel","placeid":null,"notactive":0,"openeddate":null,"registrarid":null,"firstrdcenter":0,"registrarname":null},{"id":"afbc97a5-c6b6-4e77-908b-ba8656554f31","city":"Netanya","type":null,"address":"Sderot Giborei Israel 10, Netanya, Israel","placeid":null,"notactive":0,"openeddate":null,"registrarid":null,"firstrdcenter":0,"registrarname":null}],"officesabroad":null},"headquarter_address":null,"district":"Center District","news":[{"id":"gZZXUtuPZnLccBc3rpwb3Pm5iFILOLIK8FdaH4G6U2HDqIUuYrMhDD","date":"Mar 17, 2024","link":"https://en.globes.co.il/en/article-storage-drop-wins-eu-grant-to-develop-innovative-cooling-systems-1001473896","source":"en.globes.co.il","visible":1,"analysis":{"tags":"Grant, R&D, Cooling System","company":"Storage Drop","layoffs":"Not mentioned","summary":"Storage Drop has been awarded a €1 million grant from the EU funding program - HORIZON to develop an innovative cooling system. The total grant of €2.5 million will be shared with the Technion-Israel Institute of Technology, Spain’s University of Rovira I Virgili (URV), the French Research Institute CNRS Promes, UCA, AristEng process engineering, and the Spanish strategic company - Inveniam Group. The cooling system will be powered by solar panels and will use clean elements like water and CO2. The company expects the construction of the system to take around 12 months.","partners":["Technion-Israel Institute of Technology","University of Rovira I Virgili (URV)","CNRS Promes","UCA","AristEng process engineering","Inveniam Group"],"customers":"Not mentioned","investors":"EU funding program - HORIZON","confidence":9,"key_topics":["EU Grant","Cooling System","R&D","Partnerships","Energy Efficiency"],"date_of_event":"March 17, 2024","valuation_amount":"Not mentioned","impact_on_company":"growth-positive","investment_amount":"€1 million","structured_issues":["Investment","Partners"],"acquisition_amount":"Not mentioned","structuredIssuesShow":"#Investment  #Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"f4Yz0DmAzsz2Mcbb2joxPYQ9fGUiOiAg93c6rswSNrxvfOD93rsbwi","news_summary":"Storage Drop wins EU grant for cooling systems","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"NXWYiPkS3ZgpScVU6pbivM4hBD2yLMInj4rQ0vYh0FHsZ52Ii2bDza","date":"Mar 12, 2024","link":"https://www.ice.co.il/finance/news/article/1004741?_atscid=7_134353_204082920_2550937_0_Txtetaxjxdshwhus8sp","source":"www.ice.co.il","visible":1,"analysis":{"tags":"Investment, Partnership","company":"Storj Drop","layoffs":"N/A","summary":"Storj Drop, an Israeli company, has won a grant from the European Union for its Clean and efficient cooling program. The grant, amounting to 2.5 million euros, will be shared with Technion in Haifa, URV Spain University, French research institute Promes, international company Iberia Energies Technip, and Spanish strategy company Inveniam Group. The funding will be used for the development, planning, and testing of a new cooling system that operates at low temperatures, powered by a solar panel. The system is expected to be more efficient and environmentally friendly than conventional cooling systems.","partners":["Technion in Haifa","URV Spain University","Promes","Iberia Energies Technip","Inveniam Group"],"customers":"N/A","investors":"European Union","confidence":8,"key_topics":["EU funding","Cooling system development","Energy efficiency","Partnership","Innovation"],"date_of_event":"N/A","valuation_amount":"N/A","impact_on_company":"growth-positive","investment_amount":"2.5 million euros","structured_issues":["Investment","Partners"],"acquisition_amount":"N/A","structuredIssuesShow":"#Investment  #Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"kwh6LNl2yWJcHR5ADQJ57HyZPY8CmpjXWMnYlTnvWEQt3aUg6eoRp9","news_summary":"מענק של 2.5 מיליון אירו: זו החברה הישראלית שמרוויחה בענק","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"nQ8IRD93weAi35vakD8kdBPNgOK8QjnsTr978SDk9qufVIBlZmnysE","date":"Jan 28, 2024","link":"https://www.funder.co.il/article/160598?_atscid=7_134353_204082920_2529838_0_Txtetaxjxdshwhus8sp","source":"www.funder.co.il","visible":1,"analysis":{"tags":"Investment, Partners","company":"סטורג דרופ","layoffs":"N/A","summary":"Israeli company Storage Drop has received approval for a grant from the Innovation Authority for a project to establish and operate a compressed air supply facility. The approved budget for the project is approximately 2.3 million NIS for 9 months, with the Innovation Authoritys participation standing at about 700,000 NIS. The grant will be given subject to meeting the authoritys conditions, which include proving the ability to finance a complementary amount of 1.8 million NIS by the end of March 2024. The company has already presented financing of 1.25 million NIS and is expected to raise the remaining financing soon.","partners":"Aisin Corporation, תנובה","customers":"תנובה","investors":"Innovation Authority","confidence":9,"key_topics":["Investment","Innovation Authority Grant","Partnership","Compressed Air Supply","Energy Saving"],"date_of_event":"N/A","valuation_amount":"N/A","impact_on_company":"growth-positive","investment_amount":"2.3 million NIS","structured_issues":["Investment","Partners"],"acquisition_amount":"N/A","structuredIssuesShow":"#Investment  #Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"rNNVsKmyBxMuRUdCNcSKOo5Pd83wZfvU0UdZiwnIjjAlGFFnWyiWik","news_summary":"סטורג` דרופ תקבל מענק של של כ-700 אלף ש\"ח עבור הקמת פרויקט אספקת אוויר דחוס","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"9vTUcQiHCO8swSYsHsGQnZP2KtwnGZHNmdYqDBBZtIvLgvjKzRLPDd","date":"Jan 13, 2024","link":"https://www.themarker.com/markets/2024-01-14/ty-article/.premium/0000018d-0893-daa5-a7cf-def359ed0000?_atscid=7_134353_204082920_2523536_0_Txtetaxjxdshwhus8sp","source":"www.themarker.com","visible":1,"analysis":{"tags":"Partnership, Expansion","company":"Storeg Drop","layoffs":"Not mentioned","summary":"Storeg Drop, a company that develops energy storage systems using compressed air during off-peak energy consumption hours, has received approval from Aisin of the Toyota Group to start a joint pilot at Aisins test site in Japan. This follows the successful testing of a similar energy storage facility that Storeg Drop set up at the port of Ashdod. The news led to a 4.75% increase in Storeg Drops share price.","partners":"Aisin, Toyota Group","customers":"Not mentioned","investors":"Aisin","confidence":9,"key_topics":["Electric Vehicles","Energy Storage"],"date_of_event":"14 January 2024","valuation_amount":"Not mentioned","impact_on_company":"Growth-Positive","investment_amount":"Not mentioned","structured_issues":["Partners","Expand"],"acquisition_amount":"Not mentioned","structuredIssuesShow":"#Partners  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"Growth-Positive","analysisId":"oFaKoUbh4R2QFPk04wGHRAGDau7Ao4lngpI7lxjD694MK9WF1tt4TN","news_summary":"סטורג' דרופ וטויוטה יקימו מתקן פיילוט לטעינה מהירה של מכוניות חשמליות","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"oGuZyOre40cBj86Hac9OajpJqDtlbd1w6j7W5cyPC6vNeYgWIOwBso","date":"Dec 18, 2023","link":"https://www.sponser.co.il/Article.aspx?_atscid=7_134353_204082920_2512326_0_Txtetaxjxdshwhus8sp&ArticleId=113920","source":"www.sponser.co.il","visible":1,"analysis":{"tags":"Funding Rejection","company":"StorjDrop","layoffs":"Not mentioned","summary":"StorjDrop, a company that entered the stock market in March 2021 through a merger with Medivie, has been denied funding by the Innovation Authority and the European Union (EU Funding Programme HORIZON). The company, which develops energy storage systems using compressed air and systems for compressing air using water pistons, has been erasing tens of percentages for investors since it was issued. The company intends to reapply for funding as soon as possible.","partners":"Not mentioned","customers":"Not mentioned","investors":"Innovation Authority, EU Funding Programme HORIZON","confidence":8,"key_topics":["Funding Rejection","Innovation Authority","EU Funding"],"date_of_event":"18.12.23","valuation_amount":"Not mentioned","impact_on_company":"growth-negative","investment_amount":"Not mentioned","structured_issues":["Investment"],"acquisition_amount":"Not mentioned","structuredIssuesShow":"#Investment","entityGrowthIconPath":"url(/assets/circle-red.svg);"},"sentiment":"growth-negative","analysisId":"hBjTFcqF0S4AQOQL64oX1TnEpK9oTr98pSlB7bL6Pt4v0eZq2R5N9b","news_summary":"אכזבה לסטורג’דרופ: לא קיבלה מימון מרשות החדשנות והאיחוד האירופי","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"zHdXHywGAWZ1n7yhV6na7WTa61HUo1Fz9TqWCTSSZ6Kp1efM94SJmR","date":"Jun 26, 2023","link":"https://www.themarker.com/markets/2023-06-26/ty-article/.premium/00000188-f828-d6ce-abb9-fd7f2eb40000","source":"www.themarker.com","visible":1,"analysis":{"tags":"energy storage","company":"סטורג דרופ","layoffs":null,"summary":"The stock of Stor-G dropped by 14.6% after the company signed an agreement with Tnuva to establish and operate an air compression facility for 15 years. The stocks trading volume was 2 million shekels, which is 92 times higher than the average daily volume. The company develops energy storage systems using compressed air.","partners":["Tnuva"],"customers":null,"investors":null,"confidence":8,"key_topics":["energy storage","air compression","partnership","facility","stock market"],"date_of_event":"June 26, 2023","valuation_amount":null,"impact_on_company":"growth-negative","investment_amount":null,"structured_issues":["Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-red.svg);"},"sentiment":"growth-negative","analysisId":"v3UaMbyqdQoHrZpMi0etliBIr01DDokNgI2dMggpnWrzZZKAbB2kX3","news_summary":"סטורג' דרופ נסקה ב-15% לאחר חתימה על הסכם עם תנובה","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"c07e078b-7e09-45cd-8474-60fa8885d1e2","date":"Feb 6, 2022","link":"https://en.globes.co.il/en/article-storage-drop-wins-rights-to-us-doe-energy-storage-technology-1001401270","source":"en.globes.co.il","visible":1,"analysis":{"tags":"Energy Storage, Patent Approval","company":"Storage Drop","layoffs":"Not mentioned","summary":"Israeli company Storage Drop has received approval from the US Department of Energy to use patent-protected technology for energy storage. The technology uses air compressed by water to produce electricity and was developed by the USA National Laboratories. The approval opens up the US market for Storage Drop. The company has also begun operating its CoolDrop system for producing cooling at a demonstration site in Rehovot, and is readying to operate its HyDrop storage system at Ashdod port.","partners":"US Department of Energy","customers":"Not mentioned","investors":"US Department of Energy","confidence":9,"key_topics":["Energy Storage","Patent Approval","US Market Expansion","HyDrop Storage System","CoolDrop System"],"date_of_event":"February 6, 2022","valuation_amount":"Not mentioned","impact_on_company":"growth-positive","investment_amount":"Not mentioned","structured_issues":["Partners"],"acquisition_amount":"Not mentioned","structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"EqkEH930hhV0hjAE2p0xkYuowSKJVmGvwRRS6j6cHnGXAGQoTfvwdL","news_summary":"Storage Drop wins rights to US DoE energy storage technology","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"be33ab0e-881d-4623-b9da-232c1da864bd","date":"Jan 16, 2022","link":"https://en.globes.co.il/en/article-storage-drop-energy-storage-prototype-to-begin-operations-1001398720","source":"en.globes.co.il","visible":1,"analysis":{"tags":"renewable energy","company":"Storage Drop","layoffs":null,"summary":"Storage Drop has completed building a prototype of its HyDrop thermal energy storage system for producing electricity. The prototype will begin operating at Ashdod Port in the coming weeks. The company has also developed the CoolDrop energy storage system for cooling and air conditioning. Storage Drop is traded on the Tel Aviv Stock Exchange and has a market cap of NIS 117 million. The company recently raised $2 million from private investors. It plans to complete the development of HyDrop and CoolDrop on a commercial scale in 2022 and begin selling the systems during the coming year.","partners":null,"customers":null,"investors":"private investors","confidence":9,"key_topics":["HyDrop thermal energy storage system","prototype","commercialization","renewable energy storage","CoolDrop energy storage system"],"date_of_event":"January 16, 2022","valuation_amount":"NIS 117 million","impact_on_company":"growth-positive","investment_amount":"$2 million","structured_issues":["Investment","Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Investment  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"J3u06IQSKwQD55QZRwy5tWhqfH3EwjYfIYP98eHXnDkjLEyuuVPmKF","news_summary":"Storage Drop energy storage prototype to begin operations","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"8dce9a81-7b5d-4bb6-8ec2-45aa3b676317","date":"Jul 22, 2021","link":"https://www.sponser.co.il/Article.aspx?_atscid=7_134353_204082920_1927845_0_Txtetaxjxdshwhus8sp&ArticleId=105682","source":"www.sponser.co.il","visible":1,"analysis":{"entityGrowthIconPath":"none;"},"sentiment":null,"analysisId":"scnkX3ECZxlygq8M7fONnnsjnvDOnQPt9VLmmxNXTmIJBdXDCQdKRW","news_summary":"מיזם האנרגיה של גדי איזנקוט נכנס לבורסת ת\"א","analysisStructuredIssuesDisplay":"none","analysisImpactOnCompanyDisplay":"block"},{"id":"9487ec85-cc4a-42ac-ad6b-d338200afac6","date":"Jun 23, 2021","link":"https://middleeast.in-24.com/News/17314.html","source":"middleeast.in-24.com","visible":1,"analysis":{"tags":"Healthcare, Sexual Health","company":"Allo Health","layoffs":"N/A","summary":"Allo Health, Indias first chain of sexual health clinics, offers science-backed treatment for sexual health concerns. The company provides online consultations with in-house sexual health experts, who have between 1 and 18 years of experience. Allo Healths services are praised by patients for their convenience, effectiveness, and the supportive nature of the medical staff. The company aims to encourage open conversations about sexual health and provide a structured care system for sexual wellness.","partners":"N/A","customers":"Patients seeking sexual health treatment","investors":"N/A","confidence":8,"key_topics":["Sexual Health","Online Consultation","Patient Testimonials","Treatment Plans","Confidentiality"],"date_of_event":"N/A","valuation_amount":"N/A","impact_on_company":"Neutral","investment_amount":"N/A","structured_issues":"Customers","acquisition_amount":"N/A","structuredIssuesShow":"#Customers","entityGrowthIconPath":"none;"},"sentiment":"Neutral","analysisId":"CoZY1I7Eil6V1lwrVL28IkBeSZtvL38pQkj050GU80G696d4UnFgN7","news_summary":"https://middleeast.in-24.com/News/17314.html","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"f84ab77b-6960-4318-89cd-ca953d128f37","date":"Jun 23, 2021","link":"https://www.globes.co.il/news/article.aspx?_atscid=7_134353_204082920_1898984_0_Txtetaxjxdshwhus8sp&did=1001375539","source":"www.globes.co.il","visible":1,"analysis":{"tags":"investment","company":"סטורג דרופ","layoffs":null,"summary":"סטורג דרופ, a renewable energy company, has signed an investment agreement with Doral Energy-Tech Ventures and National Partners. The investment will be completed after the merger between StorageDrop and Medivie Therapeutics. Doral and National Partners will invest a total of 6 million shekels, reflecting a company valuation of approximately 230 million shekels. Other investors include Equitra Capital Limited and Yona Fogel, who will contribute a total of 8.75 million shekels. The investment process is expected to reach a total of 22 million shekels. As part of the agreement, Doral will have the option to purchase energy storage and cooling systems from StorageDrop, as well as the first right of cooperation in future projects. Doral will also have the right to distribute, market, and sell StorageDrops energy storage systems worldwide.","partners":"דוראל אנרגיה, לאומי פרטנרס","customers":null,"investors":"דוראל אנרגיה, לאומי פרטנרס","confidence":8,"key_topics":["investment","merger","renewable energy","stock price","partnership"],"date_of_event":null,"valuation_amount":"230 million shekels","impact_on_company":"growth-positive","investment_amount":"6 million shekels","structured_issues":["Investment"],"acquisition_amount":null,"structuredIssuesShow":"#Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"PEyoY5Eqf4gaAsO2wKIUZSiS4u8n17G7Akg12ifA9fPsDGff4xgbCW","news_summary":"לאומי פרטנרס ודוראל אנרגיה ישקיעו 6 מיליון שקל במיזם של גדי אייזנקוט","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"54cc1567-0a7d-4a77-a768-5806289c5a82","date":"Apr 12, 2021","link":"https://en.globes.co.il/en/article-storagedrop-appoints-gadi-eizenkot-as-chairman-1001367388","source":"en.globes.co.il","visible":1,"analysis":{"tags":"green energy","company":"StorageDrop","layoffs":null,"summary":"Former IDF Chief of Staff Gadi Eizenkot has been appointed chairman of the board of directors of StorageDrop, an Israeli energy storage company. StorageDrop focuses on developing advanced technology for storing green energy and has two separate storage systems for different purposes. The companys solutions aim to bridge the gap between the availability of energy from natural resources and the time it is used. StorageDrop is in the development stage for its systems and plans to begin selling them in Israel in 2022. The appointment of Gadi Eizenkot as chairman is seen as a positive growth factor for the company. The article was published on April 12, 2021.","partners":null,"customers":null,"investors":null,"confidence":9,"key_topics":["Gadi Eizenkot","StorageDrop","energy storage","renewable energy","green energy"],"date_of_event":"2021-04-12","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners","Public Trading"],"acquisition_amount":null,"structuredIssuesShow":"#Partners  #Public Trading","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"y0BmdinQzvX8vCpSISaSAlD3qhCmSymRnho9HvmUbzY9Br06gKxkSH","news_summary":"StorageDrop appoints Gadi Eizenkot as chairman","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"34f5e20f-d165-4c3d-b6d8-39814b617539","date":"Mar 21, 2021","link":"https://en.globes.co.il/en/article-storagedrop-lists-on-tase-through-medivie-merger-1001364806","source":"en.globes.co.il","visible":1,"analysis":{"tags":"Merger, Renewable Energy Storage","company":"StorageDrop","layoffs":"N/A","summary":"Israeli energy storage company StorageDrop is set to list on the Tel Aviv Stock Exchange through a merger with Medivie Therapeutic. The merger will see StorageDrops shareholders hold about 75% of Medivies share equity in full dilution. StorageDrop has developed two separate storage systems for renewable energy, one for producing electricity in renewable energy installations and the other for supplying cooling and air conditioning for buildings. The companys systems are still in the development stage and are expected to be sold in Israel in 2022.","partners":"Medivie Therapeutic","customers":"N/A","investors":"Medivie Therapeutic","confidence":9,"key_topics":["Energy Storage","Merger","Renewable Energy","Technology","Stock Exchange"],"date_of_event":"March 21, 2021","valuation_amount":"N/A","impact_on_company":"growth-positive","investment_amount":"N/A","structured_issues":["Public Trading","Acquisition"],"acquisition_amount":"N/A","structuredIssuesShow":"#Public Trading  #Acquisition","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"u7ZzvbCi0gn4IbhxhMCIXU5YdopnrrWahOOMURYh5YrXTyzfQAiTq9","news_summary":"StorageDrop lists on TASE through Medivie merger","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"07e6f057-c9ce-4f31-aacf-7d1db991dc62","date":"Mar 18, 2021","link":"https://www.globes.co.il/news/article.aspx?_atscid=7_134353_204082920_1817785_0_Txtetaxjxdshwhus8sp&did=1001364649","source":"www.globes.co.il","visible":1,"analysis":{"tags":"Public Trading, Management Changes","company":"StorageDrop","layoffs":"N/A","summary":"Green energy company StorageDrop is entering the Tel Aviv Stock Exchange through a merger with Medivie Therapeutic. 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