Airengy

Company Overview

Snapshot

Founded in November 2012 by Or Yogev, Airengy operates with 11–50 employees. The company has raised $114.61 million across 6 funding rounds from 5 investors. In February 2026, the company changed its name from Augwind to Airengy.

Business overview

Airengy develops advanced underground air compression, storage, and expansion technology, offering solutions for long-duration energy storage and efficient industrial compressed air systems. Their AirBattery solution provides a sustainable alternative to fossil fuel-based power plants by utilizing a closed-loop air and water system for multiday energy storage, supporting renewable energy integration. For industrial applications, Airengy's compression technology enhances energy efficiency for traditional air compressors, helping businesses reduce energy costs and achieve ESG objectives. The company operates within the Energy Tech and Industrial Technologies sectors, serving markets such as electric utilities, industrial manufacturing (discrete industries like automotive, process industries like plastics and cement), and agriculture & food (livestock, dairy).

Strategic signal

In April 2026, Airengy announced its strategic move into solar EPC by acquiring a majority stake, signaling a significant expansion of its business model beyond core energy storage technology. This development indicates the company's ambition to become a more integrated player in the renewable energy value chain, potentially accelerating project deployment and market penetration for its AirBattery solutions. For investors, this suggests a proactive approach to capturing a larger share of the clean energy market and diversifying revenue streams.

Company Intelligence Q&A

What was a significant recent strategic move by Airengy?

In April 2026, Airengy moved into the solar EPC (Engineering, Procurement, and Construction) sector by acquiring a majority stake in a deal, expanding its operational scope in the renewable energy market.

What was Airengy's recent activity in Poland?

In April 2026, Airengy announced it would examine the acquisition of a hybrid portfolio in Poland, indicating potential market expansion and diversification of its energy assets.

When did Augwind change its name to Airengy?

In February 2026, Augwind officially changed its name to Airengy.

What was a key product deployment milestone for Airengy?

In July 2025, Airengy unveiled plans to deploy the world's first commercial-scale AirBattery energy storage system in Germany, utilizing compressed air in underground salt caverns for long-duration energy storage.

What was a notable leadership appointment at Airengy?

In November 2024, Airengy (then Augwind Energy Tech Storage) appointed Oren Helman to its Board of Directors, a strategic move to enhance leadership and drive innovation in sustainable energy.