Augwind News
16 articles
/PRNewswire/ -- Augwind Energy Tech Storage ("Augwind") (TASE: AUGN), an energy technology company specializing in long-duration energy storage and compressed...
Augwind Energy Tech Storage, a company specializing in long-duration energy storage and compressed air systems, has announced the appointment of Oren Helman to its Board of Directors. Helman brings extensive experience in the energy sector, particularly in business development, customer service, and strategic innovation. His appointment is seen as a strategic move to enhance Augwinds leadership and drive innovation in sustainable energy. Helmans background aligns with Augwinds mission to contribute to a sustainable energy future, particularly through its AirBattery technology, which offers efficient and cost-effective energy storage solutions. This development is expected to positively impact Augwinds growth and strategic initiatives.
Management Changes
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אוגווינד has announced that it has exercised its right to directly contract with Spa Italia Sibelco for the sale of a system for a financial amount of 210,000 euros. The system, which will include one storage tank, will be installed at a Sibelco factory in northwest Italy for the purpose of improving the factorys energy efficiency. The consideration will be paid in six equal payments of 35,000 euros each, the first at the time of signing the sales agreement with Sibelco and then five equal annual payments. Sibelco will provide the company with bank guarantees totaling 185,000 euros.
Acquisition
אוגווינד מקבלת חיזוק ממשקיעים
אוגווינד מקבלת חיזוק ממספר משקיעים מוסדיים ופרטיים בישראל וארה״ב רכשו מניות אוגווינד בהיקף של כ- 60 מיליון ₪. המשקיעים ביטאו אמון בחברה ובטכנולוגיה שלה ובאסטרטגיה הבינלאומית שהיא מובילה. בין הרוכשים מישראל נמצאים מיטב דש גמל, קופת גמל נוספת ורן בלינקס. החברה ביצעה מספר מינויים בהנהלתה בשבועות האחרונים.
Investment
אוגוינד תספק לחברת חשמל מערכת אגירת אנרגיה בהיקף של 40 מגוואט-שעה בלומר
אוגווינד, an energy storage company, has entered into a partnership with חברת החשמל to establish a 40 megawatt-hour storage system using AirBattery technology. The storage system will be set up at a substation of חברת החשמל and אוגווינד will also provide operation and maintenance services for a period of 20 years. The deal brings אוגווינדs order backlog to over 200 megawatt-hours. The agreement is subject to the signing of a detailed agreement between the parties by June 30, 2022.
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https://www.jpost.com/environment-and-climate-change/augwinds-innovative-energy-storage-system-is-moving-israel-to-a-cleaner-future-688112
Israeli technology company Augwind has announced the successful completion of tests for its AirBattery system, which stores renewable energy via underground water and air compression tanks. The system has an efficiency level of 81% and offers a cleaner alternative to traditional lithium-ion batteries. Augwinds solution is particularly suited to areas where lithium-ion batteries cannot be installed. The company has received support from the Israeli Ministry of Energy, with an investment of NIS 1.5 million. The Energy Ministry aims to achieve 30% renewable energy by 2030 and 20% by 2025.
Investment
Augwind Announces the Appointment of Gabi Seligsohn as Executive Chairman of the Company's Board
Augwind has announced the appointment of Gabi Seligsohn as Executive Chairman of its board. Seligsohn is a high-tech veteran with experience in leading successful companies. Augwind specializes in compressed air storage technologies for energy efficiency and energy storage for the electricity sector. Seligsohns appointment is expected to strengthen the companys organizational and managerial backbone and contribute to its future strategy. Augwind offers a unique solution for the transition to renewable energy and has the potential for significant growth. The company aims to become a global success story and plans to have a public offering in the United States to create a presence in the American market and access additional capital and debt sources.
Management ChangesPublic Trading
Augwind Announces that it will Start Working on a Public Offering in the United States
Augwind, a company specializing in compressed air storage technologies, has announced its plans to promote a public offering on a stock exchange in the United States. The company aims to create a significant presence in the American market, enhance transparency, and gain access to additional sources of capital and debt. This move is expected to have a growth-positive impact on the company. Augwinds products are targeted towards renewable energy sources and commercial/industrial customers in need of efficient integration of renewable energy. The specific date of the event described in the article is not provided.
Public Trading
אוגווינד מודיעה כי תחל לקדם הליך הנפקה לציבור בבורסה בארה״ב
AirSmart, a company founded in 2012, announced plans to go public through an IPO or a SPAC merger. The company has developed a new product called AirBattery, which is expected to significantly impact the market. AirSmart has a strong customer base including companies like Rapac, NILIT, and others. The announcement has been positively received, with expectations of a 40% increase in market share. The event was reported on December 14, 2021.
Public Trading
Compressed air storage to be more than just hot air in Israel
Israeli company Augwind has secured a 120 MWh slice of the storage capacity awarded in a solar-plus-storage tender held by Israel. Augwind has signed a memorandum of understanding with the local unit of French energy giant EDF to install its proprietary AirBattery technology alongside a 5 MW solar array. The state-owned Israeli Electricity Company (IEC) awarded 33 project contracts in the procurement exercise, amounting to 608 MW of solar generation capacity and 2.4 GWh of storage. The successful projects must be completed by July 2023. Augwinds AirBattery system has an energy efficiency of 75-81% and is considered an eco-friendly alternative to lithium-ion battery storage.
PartnersInvestment
Augwind to build 120 MWh electricity storage systems in one of the world's largest Energy Storage tenders
Augwind has won a sizeable governmental tender for energy storage, expanded relations with Solegreen, and signed an MOU with EDF Renewables Israel. The company has also announced promising results for the efficiency of its AirBattery system. The system is completely green, has a long lifespan, low costs, and a safe subterranean storage design. Augwind specializes in developing and integrating storage technologies for the electricity market, with a focus on renewable sources. The company operates in the energy storage market and the air compressor market.
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אוגווינד השלימה את שלב הוכחת ההתכנות הטכנולוגית של מערכת האגירה שפיתחה
The Israeli company Augwind has announced successful results from its testing phase of the Air Battery system. The system, which stores energy, has two main processes: charging, where the system is charged using electrical energy, and discharging, where the stored energy is converted back into electrical energy. The results of the tests met the companys criteria satisfactorily, with an energy efficiency rate of 80%. The company believes that the overall efficiency of the Air Battery system in commercial facilities with a capacity exceeding five megawatts is expected to be in the range of 75%-81%, depending on the characteristics and requirements of each storage project.
Investment
אוגווינד וסולגרין חתמו על הסכם אסטרטגי ארוך טווח לייצור חשמל פוטו-וולטאי
אוגווינד וסולגרין הודיעו על החתמת מזכר הבנות אסטרטגי לשיתוף פעולה ארוך טווח לייצור חשמל פוטו-וולטאי משולב מערכת אגירה. החברות יפעלו להקמת מתקן פוטו–וולטאי קרקעי לייצור חשמל בשילוב מערכת האגירה של אוגווינד. שני החברות יפעלו בשיתוף פעולה להשגת מלוא ההסכמות והאישורים הנדרשים להקמת והפעלת מתקן החלוץ. הקמתו של מתקן החלוץ צפויה להיות מושלמת תוך 12-24 חודשים ממועד התקיימות התנאים המתלים.
Partners
אוגווינד מתנפחת: האם החזון של החברה מצדיק את התמחור? דעה
Israeli company Augwind, which specializes in energy storage through compressed air, recently raised approximately 165 million shekels from a range of institutional investors. This investment, coupled with the quality stamp given to Augwind by these institutions, has boosted the companys value to 2.6 billion shekels. The companys Airsmart product is designed to save customers 25%-40% on their electricity bills. Augwind has identified the American and German markets as targets, but according to financial reports, it has yet to make a sale in dollars or euros.
Investment
As share price rockets, Augwind plans raising NIS 165m
Top Innovations in Israeli Clean Energy Solutions to be Showcased at 7th Eilat-Eilot Conference
The 7th Eilat-Eilot Renewable and Clean Energy Conference will bring together industry leaders, government officials, and sector investors to focus on the next generation technologies that will advance the global transition to renewable energy. The conference provides an opportunity for global industry leaders and investors to see firsthand the disruptive technologies and game-changing innovations coming out of Israel. The keynote speaker will be Greg Wasserman, Partner at former U.S. Vice President Al Gores Generation Investment Management. The conference will also feature the Cleantech Open competition, where promising Israeli clean energy entrepreneurs can pitch their innovations to investors.
PartnersInvestment
http://www.israel-industries.com/breakthrough-technology-that-uses-solar-energy-to-augment-intermittent-wind-energy/
