Phinergy

Company Overview

Snapshot

Founded in November 2009 by Aviv Tzidon and Dekel Tzidon, Phinergy operates with 11–50 employees. The company has raised $144 million across 5 funding rounds from 5 investors. In February 2021, Phinergy completed an Initial Public Offering on TASE.

Business overview

Phinergy develops metal-air technology, utilizing aluminum and zinc to create clean and safe energy generation and storage systems. Its aluminum-air technology provides a cost-efficient, fully recyclable energy source for applications such as energy backup for critical sites, distributed generation for microgrids, and range extenders for electric vehicles. The company's zinc-air technology offers high-capacity, low-cost grid-scale energy storage for renewable sources like wind and solar. Phinergy serves markets including electric vehicles, telecommunication, and critical infrastructure, operating within the Energy Tech, Climate Tech, and Automotive & Mobility Technologies sectors.

Strategic signal

In June 2026, Phinergy unveiled a zero-emission alternative to diesel backup generators specifically designed for data centers. This development signals a strategic expansion into the critical data center infrastructure market, offering a clean energy solution that addresses growing environmental concerns and regulatory pressures, positioning Phinergy as a key player in sustainable energy for high-demand IT environments.

Company Intelligence Q&A

What was Phinergy's most recent funding activity?

In February 2024, Indian Oil Corporation completed a follow-on investment in Phinergy, increasing its holding in the company to 17%.

What significant partnership did Phinergy announce in October 2025?

In October 2025, Phinergy teamed up with Google and Microsoft as part of the Net Zero consortium to test its aluminum-air technology as backup power for data centers.

What was the outcome of Phinergy's pilot with Vantage Towers?

In March 2024, Phinergy successfully completed a pilot program with Vantage Towers, demonstrating the efficacy of its energy solutions.

What strategic collaboration did Phinergy establish with Indus Towers and Indian Oil Corporation?

In September 2023, Indus Towers, Indian Oil Corporation, and Phinergy inked a pact for clean energy systems based on aluminum-air technology, focusing on deployment across India.

What was a key event for Phinergy in February 2021?

In February 2021, Phinergy completed an Initial Public Offering on the TASE, raising approximately NIS 200 million.